Contract Unit
|
110,000 board feet (˜260 cubic meters) |
Price Quotation
|
U.S. dollars and cents per 1,000 board feet (mbf) |
Trading Hours
|
CME Globex: |
Monday - Friday: 9:00 a.m. - 3:05 p.m. CT |
CME ClearPort: |
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT |
Minimum Price Fluctuation
|
0.10 per mbf = $11.00
|
Product Code
|
CME Globex: LBSCME ClearPort: LBClearing: LB
|
Listed Contracts
|
Monthly contracts (Jan, Mar, May, Jul, Sep, Nov) listed for 7 months
|
Settlement Method
|
Deliverable |
Termination Of Trading
|
Trading terminates at 12:05 p.m. CT on the business day prior to the 16th calendar day of the contract month,
|
Settlement Procedures
|
Lumber Futures Settlement Procedures |
Position Limits
|
CME Position Limits |
Exchange Rulebook
|
CME 201 |
Block Minimum
|
Block Minimum Thresholds |
Price Limit Or Circuit
|
Price Limits |
Vendor Codes
|
Quote Vendor Symbols Listing |