The crew breaks down a lumber market that feels calm on the surface but is getting tighter underneath. Trucking is a disaster, inventories stay lean, mills are not panicking, and buyers still have not adjusted.

0:00-4:00 - College kids, Waymos, and bad decisions after midnight

4:00-9:00 - SYP stabilizes but trucking wrecks pricing

9:00-15:00 - Freight market insanity and disappearing trucks

15:00-22:00 - Spruce stays steady while inventories thin out

22:00-28:00 - Canadian curtailments and supply fears build

28:00-34:00 - Reloads emptying and buyers still underbought

34:00-39:00 - Futures, no hedge, and bullish summer bets

Advertiser

Fastmarkets RISI

Tiranth Amarasinghe

Product Marketing Manager

Tiranth.Amarasinghe@fastmarkets.com

www.fastmarkets.com

Show Contacts:

Gregg Riley: Gregg@sitkainc.com

Charles DeLaTorre: cdelatorre@ifpwood.com

Matt Beymer: mattbeymer@hamptonlumber.com

Ashley Boeckholt: ashley@sitkainc.com

This week on The Lumber Word, Matt, Gregg, Ashley, and guest Mike Wisnefski from Westline Capital Strategies break down one of the most interesting lumber markets in years. The crew discusses low volatility, lean inventories, seasonal strength, futures market psychology, pine versus spruce pricing, multifamily demand, and why the next major lumber move could happen fast. The episode also explores European lumber markets, supply chain transparency, and current housing market realities.

• 0:00 – Intro & Mike Wisnefski joins
• 1:45 – Market feels split
• 4:10 – Western lumber floor
• 7:30 – Seasonal market trends
• 12:00 – Curtailments & duties
• 15:20 – Futures pessimism
• 17:30 – Housing & multifamily
• 22:45 – Volatility discussion
• 27:00 – Inventory strategy
• 29:00 – Pine vs spruce
• 35:30 – Europe market insights
• 39:30 – Quarterly pricing
• 42:00 – Final market outlook

Guest: Mike Wisnefski from Westline Capital Strategies Inc.

MikeW@westlinecapital.com

SYP June 2026 SYP StoneX Southern Yellow Pine Lumber Risk Academy

June 9, 2026-June 10, 2026

Information and Registration for the SYP Hedging Academy

https://stonex.cventevents.com/event/SYPLRA2026/summary

Advertiser

Fastmarkets RISI

Tiranth Amarasinghe

Product Marketing Manager

Tiranth.Amarasinghe@fastmarkets.com

www.fastmarkets.com

Show Contacts:

Gregg Riley: Gregg@sitkainc.com

Charles DeLaTorre: cdelatorre@ifpwood.com

Matt Beymer: mattbeymer@hamptonlumber.com

Ashley Boeckholt: ashley@sitkainc.com

This week on The Lumber Word, Ashley, Gregg, Matt, and Charles break down one of the more confusing lumber markets in recent memory. Despite fears coming out of Montréal, buyers haven’t really changed behavior, trucking is slowly improving, and distributors are still moving wood. The crew dives deep into the widening divide between Southern Pine and Western species, shrinking production, freight chaos, inventory strategy, and whether the market is quietly building the foundation for higher prices later this summer. The big question: are we in equilibrium… or on the verge of another squeeze?

0:00 – 3:00 — Market recap after Montréal, trucking loosens up, buyers still active

3:00 – 6:00 — Southern Pine weakness vs strong 2x6 demand across Western species

6:00 – 10:00 — Inventory turns, mills running less 2x4, and distributors staying busy

10:00 – 15:00 — Housing data surprises to the upside and Gregg explains why he’s leaning bullish

15:00 – 20:00 — Canadian market softness vs tight U.S. Western supply

20:00 – 27:00 — Risk management, shrinking spreads, and why nobody wants to speculate

27:00 – 33:00 — Freight volatility and the challenge of quoting future delivered business

33:00 – 40:00 — Pine finding a bottom, species spreads, and what could trigger the next move higher

Advertiser

Fastmarkets RISI

Dustin Jalbert

Senior Economist Wood Products

djalbert@fastmarkets.com

www.fastmarkets.com

Show Contacts:

Gregg Riley: Gregg@sitkainc.com

Charles DeLaTorre: cdelatorre@ifpwood.com

Matt Beymer: mattbeymer@hamptonlumber.com

Ashley Boeckholt: ashley@sitkainc.com

ne of the more confusing lumber markets in recent memory. Despite fears coming out of Montréal, buyers haven’t really changed behavior, trucking is slowly improving, and distributors are still moving wood. The crew dives deep into the widening divide between Southern Pine and Western species, shrinking production, freight chaos, inventory strategy, and whether the market is quietly building the foundation for higher prices later this summer. The big question: are we in equilibrium… or on the verge of another squeeze?

0:00 – 3:00 — Market recap after Montréal, trucking loosens up, buyers still active

3:00 – 6:00 — Southern Pine weakness vs strong 2x6 demand across Western species

6:00 – 10:00 — Inventory turns, mills running less 2x4, and distributors staying busy

10:00 – 15:00 — Housing data surprises to the upside and Gregg explains why he’s leaning bullish

15:00 – 20:00 — Canadian market softness vs tight U.S. Western supply

20:00 – 27:00 — Risk management, shrinking spreads, and why nobody wants to speculate

27:00 – 33:00 — Freight volatility and the challenge of quoting future delivered business

33:00 – 40:00 — Pine finding a bottom, species spreads, and what could trigger the next move higher

Advertiser

Fastmarkets RISI

Dustin Jalbert

Senior Economist Wood Products

djalbert@fastmarkets.com

www.fastmarkets.com

Show Contacts:

Gregg Riley: Gregg@sitkainc.com

Charles DeLaTorre: cdelatorre@ifpwood.com

Matt Beymer: mattbeymer@hamptonlumber.com

Ashley Boeckholt: ashley@sitkainc.com