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Random Length Lumber Futures
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Random Length Lumber Futures
Contract Size 110,000 board feet (˜260 cubic meters)
Product Description 2-inch by 4-inch lumber, 8-20 feet long
Pricing Unit Dollars per 1,000 board feet (mbf)
Tick Size (minimum fluctuation) $.10 per mbf ($11 per contract)
Daily Price Limits $10 per mbf above or below previous day's settlement price; expandable to $15 per mbf
See CME Rule 20102.D
Trading Hours
(All times listed are Central Time)
CME Globex (Electronic Platform)
MON 9:00 a.m. - FRI 1:55 p.m. Central Time
Daily trading halts 4:00 p.m. - 5:00 p.m.
Open Outcry (Trading Floor)
MON-FRI: 9:00 a.m. -1:05 p.m. Central Time
Last Trade Date/Time
View Calendar		 Business day immediately preceding the 16th calendar day of the contract month, 12:05 p.m.
Contract Months
View Listings		 Jan, Mar, May, Jul, Sep, Nov
Settlement Procedure Physical delivery. See CME Rule 20103.
Position Limits Non-Spot: 1,000 contracts in any contract month
Spot: 435 contracts
All months combined: n/a
See CME Rule: 20102.E
Ticker Symbol CME Globex = LBS
Open Outcry = LB
Clearing = LB
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Rulebook Chapter 201
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.