RANDOM LENGTH LUMBER FUTURES - CONTRACT SPECS
| 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 | ||||
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