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Trading
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Getting Started
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- Active Trader Daily market data and insight for the Individual Active Trader
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Learn why traders use futures, how to trade futures, and what steps you should take to get started.
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Clearing
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- CME DataMine (Historical) Comprehensive historical price information available on select CME Group contracts
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Technology
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Education
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
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. |
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| Minimum Price Fluctuation | $.10 per mbf ($11 per contract) | ||||
| Product Code | CME Globex: LBSCME ClearPort: LBClearing: 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 | ||||
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Recommended For Agricultural Traders
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Quick Links
Contract Related
- Agricultural Options Open Interest Profile Tool
- Agriculture RFQ Contact Directory
- QuikStrike Options Pricing and Analysis
- Request for Cross
- Cash-Settled Futures
Resources
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.
Contact Us
View AllCME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
