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: LBS
CME ClearPort: LB
Clearing: 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