Lumber

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Lumber Specifications

Exchange: CME Group

Contract  Size: 110,000 board feet

Pricing Unit: Dollars per 1,000 board feet (mbf)

Tick Size (minimum fluctuation): $.10 per mbf ($11 per contract)

Contract Months (Symbols): Jan, Mar, May, Jul, Sep, Nov

Trading Hours (CME GLOBEX, electronic): MON 9:00 a.m. – FRI 1:55 p.m. Central Time
Daily trading halts 4:00 p.m. – 5:00 p.m.

 Trading Hours (Trading Floor): MON-FRI: 9:00 a.m. -1:05 p.m. Central Time

Daily Price Limit: $10 per mbf above or below previous day’s settlement price; expandable to $15 per mbf

Settlement Procedure: Physical Delivery

Last Trade Date: Business day immediately preceding the 16th calendar day of the contract month, 12:05 p.m.