XJO - Bear Posts only (Factors which might cause the markets to fall), page-12330

"Lumber prices dropped below $500 per thousand feet benchmark, hovering around the lowest level since May, due to indications of subdued demand. The latest data revealed a decrease in US softwood lumber imports from Europe, which amounted to 428 million board feet (mmbf) during the second quarter, 30% less than the record-setting volume of 610 mmbf in the first quarter and 12% down from the same period last year. European exports to the US are expected to sustain a downward trajectory throughout at least the third quarter, falling short of the 2022 record levels, amid elevated interest rates, declining production, and seasonal effects. Additionally, North American shipments to offshore destinations continued to show signs of weakness. Elsewhere, concerns persisted about a constrained supply because of the impact of Canadian wildfires."

https://tradingeconomics.com/commodity/lumber