Alex Mead from StoneX joins Gregg, Matt, Ashley, and Charles for a milestone Episode 150 packed with market insight. The group breaks down current lumber conditions, why the new CME SYP lumber contract is positioned to grow in the coming years, and what the Commitment of Traders Report is signaling about the next move. They discuss the wide spread between CME and spot lumber, how buyers across the supply chain are reacting, and whether being short into Q1 could be risky. Stick around to the end for early 2026 forecasts and a strong close from Matt, highlighting gratitude for the industry and why this market still matters. 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 Guest: Alex Mead Risk Management Consultant StoneX Alex.mead@stonex.com

Industry veteran Sig Thoma joins Gregg, Matt, and Ashley to break down a lumber market searching for direction. The crew digs into mill fixed costs, why curtailments are so tough, and where early green shoots may appear heading into 2026. They debate contracts vs. VMI for next year, highlight what sellers are doing, and share the items they’re buying—plus the risk strategies they’re using right now. A fast, insightful episode to help you trade smarter. Guest: Sig Thoma / Industry veteran Sig@xmico.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

In Episode #148 of The Lumber Word, Matt, Gregg, Charles and Ashley sit down with Kyle Little, COO of Sherwood Lumber and current NAWLA Chairman, to talk about staying grateful in one of the toughest markets we’ve seen in years. Kyle gives an inside look at what NAWLA is working on to improve meetings and member engagement, while the crew runs through a quick market round robin — how short is multi-family, where inventory is hiding, 2x4 #2 R/L Chicago trading around $485–$495, and whether the three-year streak of $30 CME rolls can keep going. Who are the Long CME traders? They hit SYP futures, new potential deliverables in the legacy lumber contract, whether big buyers are stepping in, and if demand is starting to feel a little 2008-ish. The episode wraps with thoughts on growing customers in a slow market and what the industry can learn from this moment. Guest: Kyle Little COO of Sherwood Lumber and Current NAWLA Chairman klittle@sherwoodlumber.com NAWLA Contact Information Matt Bruno MBruno@nawla.org https://nawla.org/ 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

This week we welcome back one of our favorite guests — and sponsor — Matt Layman. The crew breaks down the strange mood gripping the industry: no curtailments, exhausted traders, Repair & Remodel softening, and customers disappearing into the weeds. We run through every major species, what’s cheap, what’s expensive, and how November expiration and January futures could shape the next move. Matt shares what his members are seeing across retail, multifamily, and manufacturing, while the team debates whether mills get bank lifelines or if cuts finally hit. We look at Home Depot’s outlook, immigration’s impact on the economy, and how much wood needs to come off for any kind of Q1 rally. If you’re trying to navigate this market or plan for H1 2026 business, this episode is loaded with takeaways. Come for the insight — leave 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

Gregg, Matt, and Ashley dive right in this week after a jam-packed NAWLA Traders event in Kansas City. The trio breaks down the mood coming out of the show — who was optimistic, who wasn’t, and what that means for the lumber market heading into year-end. They take a hard look at the November CME lumber expiration, asking whether open interest is too high or if most of it will roll into EFPs as the year winds down. The conversation heats up around curtailments, demand signals, and what kind of event or news could realistically turn the market around — or if things are really that bad. The guys wrap things up by sharing what they’re buying, selling, and watching, plus a few ideas for what others in the industry should be considering right now. Come for the post-NAWLA insights, stay for the trading talk — and as always, walk away smarter and better looking. Fastmarkets/CME SYP Futures webinar, November 18, 2025, link: www.fastmarkets.com/lumbertalk 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

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.

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.

Matt, Charles, and Ashley run the desk while Gregg’s in Canada. With light trading, mills sitting still, and buyers hesitant, the market’s stuck in confusion. Housing starts look steady, but tariff noise has everyone frozen. Will SPF pick a direction, or will SYP and U.S. species finally wake up?

This week, we’re calling our shot on just how low September Lumber Futures could go—and why a cash market adjustment may be right behind it. If you’re buying, selling, or negotiating in the next 30 days, you’ll want to hear this. We’re also joined by returning guest Chris Beard from John Burns Research & Consulting, with sharp insights on builders powering through price swings, the rise of build-to-rent, and SYP–SPF species swaps. Packed with market moves, builder intel, and trading tips you can use now.

Join hosts Matt, Gregg, Ashley, and Charles for Episode #133 of "The Lumber Word" Podcast, your weekly deep dive into the wild world of lumber markets. This episode unpacks the latest cash and futures trends, explores key inflection points amid truckers scrambling for orders, and mills in Canada and the US starting to look for real orders. We debate why raising prices doesn't always mean buyers bite, how CVD/AD duties are baked into costs, and the curious pull-up of species prices in a vacuum. Plus, insights on SYP's potential sell-off, Canadian production costs hitting $700 US in Chicago, CME basis adjustments, and testing channel bottoms. Is Hem-Fir the new CME basis that traders will look at since it can be delivered? We discuss potential curtailment announcement risks, deep discounts on truck orders from the secondary market, fading demand despite rate drop discussion, undervalued gems like 2x12 coastal and Green DF items, big boxes shifting to SYP premiums, seasonal weakness ahead, buyer/seller strategies, and finally selling those FJs at a premium. Whether you're buying, selling, or just timber-curious, this episode delivers the unvarnished truth on lumber's twists and turns! Show Contacts Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com

This week we’re joined by John H. Dolan, independent market maker for the CME S&P Case-Shiller Home Price Index futures. John breaks down how the index works, who uses it, and the game-changing potential it holds for anyone exposed to home price risk. Whether you own one home or thousands, are building spec homes, or just want to lock in a regional housing price—this is a must-listen. We were blown away by the possibilities. Visit John’s site at www.homepricefutures.com and follow him on X at @HomePriceHedges to dig deeper. After John signs off, Gregg, Matt, Charles, and Ashley get back to lumber—revisiting last week’s takes and updating where we see the market heading. From SYP to SPF to Euro, we drop some actionable insights for buyers and sellers alike. Jump in and keep riding with the fastest-growing podcast in the lumber industry. Contacts Guest: John Dolan johndolan@homepricefutures.com Ashley Boeckholt Ashley@Sitkainc.com Matt Beymer Mattbeymer@hamptonlumber.com Gregg Riley Gregg@Sitkainc.com Charles DeLaTorre cdelatorre@ifpwood.com

Russ Taylor of Russ Taylor Global is back, and he’s bringing the global heat! We kick off with the current AD/CVD drama and whether Southern Yellow Pine producers are making money—Russ has the receipts. Matt lays out the price cuts in the cash market, while Gregg points out a wild nearly $100/MBF gap between CME futures and deliverable Hem-Fir. Charles and Russ dive deep into mill residuals and how they’re skewing Southern costs, and Ashley keeps the crew on track with a wide-angle view of the market. It’s a fast-moving, info-packed episode with insights you won’t get anywhere else. Oh—and happy birthday to Matt’s wife! 📩 Contact Russ Taylor (Russ Taylor Global): russtaylor@russtaylorglobal.com Gregg Riley: Gregg@sitkainc.com Charles DeLaTorre: cdelatorre@ifpwood.com Matt Beymer: mattbeymer@hamptonlumber.com Ashley Boeckholt: ashley@sitkainc.com