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Random Length Lumber 
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Effective October 20, 2008, Random Length Lumber futures and options will now trade virtually 24 hours a day on CME Globex – Sunday 5:00 p.m. CT through Friday 4:00 p.m. CT with daily halts from 4:00 p.m. – 5:00 p.m. CT.

 

Random Length Lumber futures provide a way to:

  • Engage in price discovery for lumber used for construction and rehabbing
  • Effectively manage the price risk that mills, wholesalers, builders, retailers and others have related to the purchase or sale of lumber
  • Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in lumber

 

Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex. Benefits of trading on CME Globex include:

  • Virtually around-the-clock access to customers around the world
  • A level playing field for participants
  • Millisecond response time
  • Price transparency
  • Efficient and anonymous trading

 

Things to Know:

  • Random Length Lumber futures are a physical delivery 110,000 board feet contract of random lengths 8-foot to 20-foot nominal 2-inch x 4-inch pieces
  • Contracts trade during regular trading hours on the CME Group trading floor and virtually 24 hours a day on CME Globex - Sunday 5:00 p.m. Chicago time through Friday 4:00 p.m. Chicago time with daily halts from 4:00 p.m. - 5:00 p.m.