Futures contracts are financial derivatives that oblige the buyer to purchase some underlying asset (or the seller to sell that asset) at a predetermined future price and date. A futures contract The lumber futures contract traded at the CME calls for on-track mill delivery of random length 8-20 ft. nominal 2 x 4s. Primarily, the deliverable species is Western Spruce-Pine-Fir, although other Western species - such as Hem-fir, Englemann Spruce, Alpine Fir, and Lodgepole Pine - may also be delivered. The lumber futures contract is based on lumber of dimensions 2 inch by 4 inches. This is the most widely produced variety in America. In order to produce lumber, trees are first felled and pruned of all leaves and branches. Lumber (Globex) daily price charts for the futures contract. See TradingCharts for many more commodity/futures quotes, charts and news. Free intra-day Lumber (Globex) Futures Prices / Lumber (Globex) Quotes. Commodity futures prices / quotes and market snapshots that are updated continuously during trading hours. View the futures and commodity market news, futures pricing and futures trading. LB.1 | A complete Random Length Lumber (CME $/bft) Front Month futures overview by MarketWatch.
This ruling standardized lumber dimensions, grade, and moisture content. Lumber Contract Specifications. Contract Size, 110,000 board feet (~260 cubic meters).
4 Feb 2020 On Monday, futures for March delivery closed at $422.30 per 1,000 board feet on the Chicago Mercantile Exchange. Wood for May delivery was See the latest lumber price data, charts, market sentiments, and markets news. Find more commodities information with IG AU. [AU] 12 Mar 2003 Futures Exchange and Offering Illegal Lumber Futures Contracts Through Its WASHINGTON, D.C. - The U.S. Commodity Futures Trading 15 Dec 2015 CMEGroup announces new CME hours for lumber and a minimum price specifications do not change frequently for a Futures contract. 22 Jun 2009 We find that increases in the unanticipated component of housing starts announcements increase returns on lumber futures contracts. Further 2 Nov 2012 For example, a lumber manufacturer can lock in prices for future lumber sales by buying lumber futures contracts traded on the Chicago
14 Jul 2017 The lumber delivery contract months are as follows: January, March, May, July, September and November. The last day of trading is the business
Lumber Futures Contracts Random Length Lumber futures trade on the Chicago Mercantile Exchange under the symbol “LB” electronically and through the open outcry method. The standard contract size consists of 110,000 board feet (around 260 cubic meters) of lumber, in dimensions of 2-inch by 4-inch, 8-20 feet long. Lumber Futures Contract Trading In 1969, CME became the first exchange to offer price protection to the forest products industry with the listing of CME Random Length Lumber futures contracts. Lumber futures, Chicago Mercantile Exchange, trading symbol LB. The contract size is 110,000 brd. ft. The minimum tick size is $0.10 per 1,000 brd. ft., worth $11 per contract. The contract size is 110,000 brd. ft.
Find information for Random Length Lumber Futures Quotes provided by CME Group. NOTICE: CME Group Trading Floor to Close as a Precaution, Markets
Lumber Futures. No two trees produce the exact same lumber, especially because of knots, slope of grain, and natural wear. As a result, The American Lumber Standard outlined specific national standards for lumber in the early 1920s, a job that is presently handled by the American Lumber Standard Committee. CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
15 Dec 2015 CMEGroup announces new CME hours for lumber and a minimum price specifications do not change frequently for a Futures contract.
View live LUMBER FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) chart to track latest price changes. Trade ideas, forecasts and market news