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Random Length Lumber Futures Contract Specs

Contract Unit 110,000 nominal board feet (��260 cubic meters)
Price Quotation Dollars per 1,000 board feet (mbf)
Trading Hours Monday - Thursday: 9:00 a.m. - 4:00 p.m.
Friday: 9:00 a.m. - 1:55 p.m.
Minimum Price Fluctuation $.10 per mbf ($11 per contract)
Product Code CME Globex: LBS
CME ClearPort: LB
Clearing: LB
Listed Contracts Jan, Mar, May, Jul, Sep, Nov
Settlement Method Deliverable
Termination Of Trading Business day immediately preceding the 16th calendar day of the contract month, 12:05 p.m.
Settlement Procedures Lumber Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 201
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing