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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 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 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 Trading terminates on the business day immediately preceding the 16th calendar day of the contract month, 12:05 p.m. CT
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