Brilliant yes, let me add a note of it's neutrality to fire though, In the sense that if a Wooden pillar is going towards the enemy, and he uses a Fire jutsu of the same rank on the pillar, it would ignite upon flames, but still continue towards the opponent. After some time, the pillar would fully oxidize from the air, turning into ashes, but at the same time extinguishing the fire. Speaking hypothetically, fire wouldn't be the best element to use if the wood is close to you.
Now, extend both your hands forward, palms open and facing the sky. Then begin to slowly concentrate on the Doton and Suiton chakra in your body. Send your Doton chakra towards your left hand, gathering it in the palm, and do the same with your right palm, but with Suiton. Once you have gathered a substantial quantity of each, slap both of your hands together forming the snake hand sign, and in doing so mix the two elemental chakras together, utilizing them which would then form the newly found Moku chakra. Channel this new found chakra throughout your entire body and into the ground beneath you, where you finish it off by turning it into a physical property, forcefully raising a single pillar made out of Wood in the space in front of you.