Lumber futures fell toward $600 per thousand board feet, easing from the near two-month high of $615.50 on October 3rd as the prior speculative rally reversed amid softer demand, looming tariff implementation, and inventory rebalancing. Demand has weakened as homebuilders and material buyers pull back amid higher construction costs and tighter mortgage affordability that curb new housing starts. At the same time, many market participants had frontloaded purchases ahead of the US 10% Section 232 tariff on softwood lumber and higher duties on wood furniture and cabinets effective October 14th, creating a short-term inventory overhang that reduced fresh order flow. On the supply side, domestic sawmills have ramped up shipments to cover earlier shortages, while Canadian exporters remain constrained by heavy anti-dumping and countervailing duties that limit flexibility, easing prompt tightness. [END]