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Ticker: LB
Exchange: CME
Trading Hours: 9:00 a.m.-1:05 p.m. (CST)
Contract Size: 110,000 bd. ft. of random lengths 2x4s (8' to 20')
Contract Months: Jan, Mar, May, Jul, Sep, Nov
Price Quote: 1 point = $.10 per 1,000 bd. ft. = $11 per contract
Tick Size: 0.10=$11.00
Last Trading Day: The business day prior to sixteenth day.
Daily Price Limit: $10.00 per thousand board feet above or below the previous day's settlement price.


40 Yr Seasonal Chart Long-Term Chart

Fundamental Overview:

For more than 30 years now, CME® Random Length Lumber futures and options have given mills, wholesalers, homebuilders and retail dealers a vehicle to manage price risk and to take advantage of price opportunities. The contract specifies 110,000 board feet (one 73’ flat car) of random length 8’ – 20’ softwood 2 x 4s, the type used for rehabbing and construction. Individual investors favor lumber too, due to its trending nature and keen ability to track the economy.






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