{"id":540,"date":"2026-01-29T17:34:39","date_gmt":"2026-01-30T01:34:39","guid":{"rendered":"https:\/\/tandhforest.com\/?p=540"},"modified":"2026-01-29T17:34:39","modified_gmt":"2026-01-30T01:34:39","slug":"market-update-spf-january-2026","status":"publish","type":"post","link":"https:\/\/tandhforest.com\/wp\/?p=540","title":{"rendered":"Market Update: SPF January 2026"},"content":{"rendered":"<p data-start=\"100\" data-end=\"119\"><strong data-start=\"100\" data-end=\"117\">Key Takeaways<\/strong><\/p>\n<ul>\n<li data-start=\"162\" data-end=\"301\">North American lumber markets were generally quiet in January, although SPF\u00a0<a class=\"x1i10hfl xjbqb8w x1ejq31n x18oe1m7 x1sy0etr xstzfhl x972fbf x10w94by x1qhh985 x14e42zd x9f619 x1ypdohk xt0psk2 x3ct3a4 xdj266r x14z9mp xat24cr x1lziwak xexx8yu xyri2b x18d9i69 x1c1uobl x16tdsg8 x1hl2dhg xggy1nq x1a2a7pz  _aa9_ _a6hd\" tabindex=\"0\" role=\"link\" href=\"https:\/\/www.instagram.com\/explore\/tags\/2\/\">#2<\/a>&amp;Btr gained nearly 10% compared with the end of 2025. Upward momentum slowed toward month-end as severe winter weather tempered buying activity.<\/li>\n<li data-start=\"162\" data-end=\"301\">Despite recent price gains in North America, exports to Japan remain attractive relative to domestic sales, which could encourage Canadian mills to soften prices slightly early in the year. Further reductions in Canadian J-grade lumber have narrowed the gap with European competitors, and in some cases, eliminated it entirely.<\/li>\n<li data-start=\"162\" data-end=\"301\">Looking ahead, while the market may hold steady, a stronger Japanese yen\u2014if it persists or strengthens\u2014could restore some purchasing power for J-grade buyers, who have struggled with a weak yen in recent years. Sentiment is cautiously optimistic, though ongoing global political and economic uncertainties make near-term developments hard to predict.<\/li>\n<\/ul>\n<p><strong>Western SPF J-Grade 2\u2033x4\u2033<\/strong><\/p>\n<ul>\n<li>January 2026: $585-$600<\/li>\n<li>MoM: \u25b2$10 (\u25b21.7%)<\/li>\n<li>YoY: \u25b2$50 (\u25b27.9%)<\/li>\n<\/ul>\n<p>*C&amp;F JPN, USD per Thousand Board Feet<\/p>\n<p><strong>Western SPF #2&amp;BTR 2\u2033x4\u2033<\/strong><\/p>\n<ul>\n<li>January 2026: $460<\/li>\n<li>MoM: +$38 (+9.0%)<\/li>\n<li>YoY: +$15 (+3.4%)<\/li>\n<\/ul>\n<p>*FOB Mill in Canada, USD per Thousand Board Feet<\/p>\n<p><strong>Western SPF #3\/Utility 2\u2033x4\u2033<\/strong><\/p>\n<ul>\n<li>January 2026: $275<\/li>\n<li>MoM: +$48 (+17.5%)<\/li>\n<li>YoY: \u25b2$7 (\u25b22.1%)<\/li>\n<\/ul>\n<p>*FOB Mill in Canada, USD per Thousand Board Feet<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-541\" src=\"https:\/\/tandhforest.com\/wp-content\/uploads\/2026\/01\/IMG_7167-225x300.jpg\" alt=\"\" width=\"225\" height=\"300\" srcset=\"https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2026\/01\/IMG_7167-225x300.jpg 225w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2026\/01\/IMG_7167-768x1024.jpg 768w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2026\/01\/IMG_7167-1152x1536.jpg 1152w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2026\/01\/IMG_7167-1536x2048.jpg 1536w, https:\/\/tandhforest.com\/wp\/wp-content\/uploads\/2026\/01\/IMG_7167-scaled.jpg 1920w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways North American lumber markets were generally quiet in January, although SPF\u00a0#2&amp;Btr gained nearly 10% compared with the end of 2025. Upward momentum slowed toward month-end as severe winter weather tempered buying activity. Despite recent price gains in North America, exports to Japan remain attractive relative to domestic sales, which could encourage Canadian mills [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[],"class_list":["post-540","post","type-post","status-publish","format-standard","hentry","category-market-update","category-news"],"_links":{"self":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=540"}],"version-history":[{"count":1,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/540\/revisions"}],"predecessor-version":[{"id":542,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/540\/revisions\/542"}],"wp:attachment":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}