Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
Random Length Lumber
Random Length Lumber futures provide a way to:
- Engage in price discovery for lumber used for construction and rehabbing
- Effectively manage the price risk that mills, wholesalers, builders, retailers and others have related to the purchase or sale of lumber
- Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in lumber
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View free real-time quotes on a variety of electronically traded CME Group products
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Trade Unit | 110,000 bd. ft. of random lengths 2x4s (8' to 20') | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 point = $.10 per 1,000 bd. ft. = $11 per contract | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | $10.00 per thousand board feet above or below the previous day's settlement price. Expanded limits. | ||
| Minimum Fluctuation |
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| Trading Hours | 9:00 a.m.-1:05 p.m. | ||
| Listed | If the contract nearest to expiration that is subject to a daily limit closes settles on the limit bid or offer for two successive days, the price limit is raised to $15.00 per thousand board feet for all contracts subject to a daily limit. If the contract nearest to expiration that is subject to a daily price limit of $15.00 does not close settle at the limit bid or offer, the price limits revert to $10.00 per thousand board feet on the next business day. | ||
| Product Codes | Clearing=LB Ticker=LB | ||
| Minimum Block Size | |||
| Product Calendar | Seven months of January, March, May, July, September, and November. View current product listings |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| SEP08 | LBU08 | 07/16/2007 |  |
09/15/2008 | 09/15/2008 |
| NOV08 | LBX08 | 09/17/2007 | |
11/14/2008 | 11/14/2008 |
| JAN09 | LBF09 | 11/16/2007 | |
01/15/2009 | 01/15/2009 |
| MAR09 | LBH09 | 01/16/2008 | |
03/13/2009 | 03/13/2009 |
| MAY09 | LBK09 | 03/17/2008 | |
05/15/2009 | 05/15/2009 |
| JUL09 | LBN09 | 05/16/2008 | |
07/15/2009 | 07/15/2009 |
| SEP09 | LBU09 | 07/16/2008 | |
09/15/2009 | 09/15/2009 |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
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Things to Know:
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- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership