Since the war between Russia and Ukraine on February 24, 2022, the world’s major commodities have fluctuated violently. Natural gas, oil, gold, nonferrous metals, agricultural products and other commodities mainly fluctuated upward, mostly in an upward trend. However, the futures and spot prices of timber in North America have fallen continuously, with the largest decline reaching 42.7%. The decline in the spot market over the same period was also considerable, and the decline of timber of multiple grades and specifications even exceeded the decline in the futures market.