The Lumber Word

This week on The Lumber Word, the crew welcomes Patrick Teoli, IT specialist and owner of BluCirrus, to tackle all those tech questions that “just unplug it and plug it back in” won’t solve. From system crashes to smarter setups, Patrick keeps it real about how tech meets the lumber world. Then, things heat up fast in the lumber market discussion — and it’s a wild one. After a sharp CME selloff, fear is rippling through the supply chain. So where’s the opportunity hiding? Gregg, Matt, Charles, and Ashley break it down with their takes on Hem-Fir convergence, mills that might pull the plug, and why if you’re EFP’ing and sleeving through five people, you’re probably missing the real play. Come for the information, stay for the laughs — and leave a little smarter (and maybe better looking).   Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com   Guest: Patrick Teoli BLUCIRRUS pteoli@blucirrus.com   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com  

Matt, Gregg, Charles, and Ashley are back on track this week talking about what might be the calm before the next lumber storm. The crew breaks down the quiet market tone and asks the question everyone’s thinking — are we moving from seasonal weakness into a period of strength? Charles thinks many dealers have been “good-dealed to death” over the past 60 days and simply don’t need to buy, while Gregg takes the other side of that trade. Matt shares why he’s feeling better heading into year-end, and the group circles around how the bug basis is quietly helping hedgers manage risk. They also highlight Hem-Fir’s return as a deliverable species, adding another twist to the 2025 outlook. Plenty to unpack, lots of laughs, and as always — you’ll come out smarter and better looking.     Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com

Gregg, Charles, and Ashley kick things off with a deep dive into Southern Pine curtailments — and why they still haven’t kicked in. The crew then runs through different scenarios for when Canadian mills might finally shut down more production. Gregg predicts we could see a 7-handle on lumber in Q1 of ’26, while Charles brings up multi-family projects and who’s short that business heading into 2026. Gregg also sparks a conversation about 2026 lumber contracts and some surprising insights that follow. The team rounds things out by highlighting undervalued items and how your inventory strategy might adapt to take advantage. Join the fun — and leave a little smarter.   Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com  

We jump right in by challenging each other on the ultimate lumber question — what would hurt the most people the most: prices going up or down? From there, it’s a full-on debate about seasonality, market psychology, and whether this “underbought” market is actually overproduced… or maybe it’s the other way around. As usual, we dropped plenty of gems on how each of us navigates the chaos to make money in today’s market. Then the spotlight turned to SYP — is it really the species of choice when it comes to switching and optionality? This one’s fast, fun, and a little confusing — in the best way possible. You’ll have to listen to make it all make sense.   Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com

Russ Taylor joins Matt, Gregg, and Ashley to unpack tariffs, production costs, and the week’s price moves. Could lumber really hit $800 MBF in Q1? Tune in for sharp insights and insider tips every trader and builder will want to hear. Guest: Russ Taylor Russtaylor@russtaylorglobal.com www.russtaylorglobal.com Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com

Dustin Jalbert from Fastmarkets is back with us this week, and the crew dives deep into the latest twists in the lumber market. Charles kicks things off with a rundown on Southern Pine, then we shift into production trends and what last month’s housing completions mean for new home sales. Gregg and Dustin break down what they’re seeing on the production side while Matt ties it all together with some sharp insights. We talk timing on potential curtailments, what the rest of the year could bring, and what Dustin’s been hearing from both supply and demand. Smart money listens to The Lumber Word—and so should you.   Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com  

Charles is back from wrangling cattle, Matt’s out in Texas, and Ashley and Gregg return from a wedding to dive into the latest lumber talk. Curtailment announcements gave the market a short-term jolt—does this signal a bottom, or are we still waiting? We break down what housing starts really mean, whether customers are sitting on healthy inventory or running on fumes, and what all this says about the months ahead. Plus, big news: The Lumber Word is taking the live version of the show behind a paywall. Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com

Stinson Dean from Revol Building Solutions joins Matt, Gregg, and Ashley to break down the latest lumber market signals. Fresh off his feature in The Wall Street Journal, Stinson dives into supply and demand, what end users are doing, and how different scenarios could play out. The crew challenges each other with bold takes on where things may head next.   Guest: Stinson Dean stinson.dean@revol-ig.com https://www.revolbuilt.com/ X @LumberTrading Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com

The Lumber Word crew is back with special guest Rob Cross from StoneX, a veteran voice in the lumber industry. Gregg may have handed out the keys to the lumber castle today with the sheer amount of free insight he shared. Charles breaks down what’s happening in the SYP market, while Matt dives into the cost stacks shaping price moves. Ashley takes a hard look at how greed and fear yanked this market from $700 to $520 in just one month. Rob brings the data with some fascinating lumber trading statistics—and if you stick around, you’ll hear how the team is planning their next moves. Thanks for listening, and don’t forget to tell a friend about The Lumber Word!     Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com Guest: Robin Cross: Robin.Cross@StoneX.com

In Episode #136 of The Lumber Word Podcast, Matt, Gregg, and Ashley take the lead while Charles tends to the cattle. This week’s guest is none other than Brian Wesbury, Chief Economist at First Trust LP, and one of our most popular returning guests. Despite his busy schedule, which includes numerous media appearances, Brian always makes time to share his perspective on economics and lumber with our listeners. The episode kicks off with a brief discussion of the lumber market before diving into a wide-ranging conversation on the current economic situation in the U.S. Together, the team and Brian break down critical topics such as inflation, interest rates, the housing market in Washington D.C., stock performance, and what the future may look like for the broader economic landscape. As Brian shared his insights, the conversation provided a unique lens into how today’s challenges and policies will shape tomorrow’s opportunities. Listeners who have been following the podcast over the past few months will not be surprised by the recent selloff in lumber. The Lumber Word team has consistently prepared its audience for these market shifts, giving buyers and sellers across North America the foresight they need to navigate the industry with confidence. As always, The Lumber Word Podcast remains committed to delivering the most relevant and actionable insights into both lumber markets and the broader economic forces that impact them. With Brian Wesbury’s expertise and the team’s grounded industry perspective, Episode #136 is a must-listen for anyone who wants to stay ahead in the lumber and construction supply chain.   Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com Guest: Brian Wesbury: bwesbury@ftadvisors.com   First Trust: www.FTPLP.com     Advertisers: Fastmarkets Random Lengths djalbert@fastmarkets.com www.fastmarkets.com Layman’s Lumber Guide www.laymansguide.com Matt@laymansguide.com