{"id":577,"date":"2026-03-31T17:24:46","date_gmt":"2026-04-01T00:24:46","guid":{"rendered":"https:\/\/tandhforest.com\/?p=577"},"modified":"2026-04-01T17:40:34","modified_gmt":"2026-04-02T00:40:34","slug":"market-update-spf-march-2026","status":"publish","type":"post","link":"https:\/\/tandhforest.com\/wp\/?p=577","title":{"rendered":"Market Update: SPF March 2026"},"content":{"rendered":"<p>In North America, trading picked up in March, supported by limited supply and a spring demand push. Low-grade lumber led gains, often rising in double digits.<\/p>\n<p>J-grade prices faced downward pressure from higher landed costs due to surging bunker fuel and a weaker yen. Some importers scaled back April shipments, while others negotiated lower Q2 prices by increasing volumes with Canadian mills, amid concerns over European products and potential transport issues from Middle East conflicts.<\/p>\n<p>Looking ahead, market direction will depend on supply timing, currency, and logistics. Since year-end 2025, J-grade fell 4.2% while\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 rose 15.4%, showing Canadian mills have sold J-grade overseas with minimal premium. If North American prices remain firm, mills may try to restore a deserved export premium.<\/p>\n<p><strong>Western SPF J-Grade 2\u2033x4\u2033<\/strong><\/p>\n<ul>\n<li>March 2026: $570-$580<\/li>\n<li>MoM: \u25b2$10 (\u25b21.7%)<\/li>\n<li>YoY: \u25b2$80 (\u25b212.3%)<\/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>March 2026: $492<\/li>\n<li>MoM: +$26 (+5.6%)<\/li>\n<li>YoY: \u25b2$48 (\u25b28.9%)<\/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>March 2026: $420<\/li>\n<li>MoM: +$72 (+20.7%)<\/li>\n<li>YoY: +$58 (+16.0%)<\/li>\n<\/ul>\n<p>*FOB Mill in Canada, USD per Thousand Board Feet<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In North America, trading picked up in March, supported by limited supply and a spring demand push. Low-grade lumber led gains, often rising in double digits. J-grade prices faced downward pressure from higher landed costs due to surging bunker fuel and a weaker yen. Some importers scaled back April shipments, while others negotiated lower Q2 [&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-577","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\/577","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=577"}],"version-history":[{"count":3,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/577\/revisions"}],"predecessor-version":[{"id":587,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/577\/revisions\/587"}],"wp:attachment":[{"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tandhforest.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}