Random Length Lumber Futures Contract Specs

Contract Unit	110,000 nominal board feet (˜260 cubic meters)
Price Quotation	Dollars per 1,000 board feet (mbf)
Trading Hours	Monday - Thursday: 9:00 a.m. - 4:00 p.m. Friday: 9:00 a.m. - 1:55 p.m.
Minimum Price Fluctuation	$.10 per mbf ($11 per contract)
Product Code	CME Globex: LBS CME ClearPort: LB Clearing: LB
Listed Contracts	Jan, Mar, May, Jul, Sep, Nov
Settlement Method	Deliverable
Termination Of Trading	Business day immediately preceding the 16th calendar day of the contract month, 12:05 p.m.
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

Recommended For Agricultural Traders

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.