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Home > Softs > Lumber

This humble material is a global commodity for structural construction. The random
length lumber contract traded on the CME represents random lengths of lumber - 8-foot
to 20-foot nominal 2-inch x 4-inch pieces – intended for price discovery and price risk
management for wholesalers, mills, retailers, and builders; however, lumber futures may
be thinly traded and illiquid at times.

Contract Size:

1110,000 board feet (~260 cubic meters)

Price Quote & Tick Size:

US Dollars per 1,000 board feet (mbf); minimum tick size is $.10 per mbf ($11 per contract)

Contract Months:

Jan, Mar, May, Jul, Sep, Nov

Trading Specs:

Open outcry trading is conducted MON-FRI: 9:00 a.m. -1:05 p.m. CT.
Electronic trading is conducted via the CME Globex® trading platform MON - THU
5:00pm - 4:00pm CT (next day); SUN and holidays 5:00pm - 4:00pm CT (next day)

Daily Price Limit:

$10 per mbf above or below previous day's settlement price; expandable to $15 per mb


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