| 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 - THU 5:00pm - 4:00pm (next day) Central Time
SUN and holidays
5:00pm - 4:00pm (next day) Central Time
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
View Product Codes
View Vendor Codes |
| Rulebook Chapter |
201 |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
