Southern Pine lumber has traded in a historically narrow range this year, and traders anticipate that trend to persist through the balance of 2024. A widespread perception that price volatility will remain minimal through the fourth quarter has governed conservative trading strategies throughout the distribution pipeline this summer. …Many note that demand in the South could strengthen as the fall building season approaches and cooler weather allows builders to expand job site activity to lengthier workdays. …However, few traders anticipate demand gaining any appreciable ground on supplies in the months ahead, even if consumption shows a seasonal hike. …The Southern Pine Composite is on pace through August to post the lowest annual average since 2015.