Changing temperature and precipitation pattern and increasing concentrations of atmospheric CO(2) are likely to drive significant modifications in natural and modified forests. Our review is focused on recent publications that discuss the changes in commercial forestry, excluding the ecosystem functions of forests and nontimber forest products. We concentrate on potential direct and indirect impacts of climate change on forest industry, the projections of future trends in commercial forestry, the possible role of biofuels, and changes in supply and demand.