MarketWatch  Nov 3  Comment 
Strength in economically sensitive industries is bullish for the broader market, writes Mark Hulbert.
MarketWatch  Nov 2  Comment 
Futures prices for lumber drop from a more than two-decade high as the U.S. announces duties on Canadian lumber imports that were lower than expected.
SeekingAlpha  May 25  Comment 
By Michael Hoeft: I believe that lumber futures and its attendant equity plays - iShares Global Timber and Forestry ETF (WOOD) and Weyerhaeuser Company (WY), for example - are due for a nice pop in the coming weeks/months. The Associated...
Clusterstock  Jul 23  Comment 
Lumber futures turned out to be a good predictor of US housing starts. The large decline earlier this year (see post) translated into weaker than expected residential construction in June (see post). That means we should certainly pay close...
Clusterstock  May 17  Comment 
Given the crucial role of housing to the economic recovery, there's suddenly a lot of interest in what's going on with lumber futures, which has been on the decline. SoberLook has the chart: The questions is whether this is something about...


Random Length Lumber futures are traded on the Chicago Mercantile Exchange under ticker symbol LB in dollars per 1,000 board feet. For electronic trading sessions, the symbol LB is used.[1]

The chart at left shows Front Month Random Length Lumber futures prices on the Chicago Mercantile Exchange (CME) in dollars per 1,000 board feet.

Delivery Dates

Random Length Lumber futures are delivered every year in January, March, May, July, September, & November.[1]

The following is a table with Random Length Lumber futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2010LBF9LB/F9-CM
March, 2010LBH9LB/H9-CM
May, 2010LBK9LB/K9-CM
July, 2010LBN9LB/N9-CM
September, 2010LBU9LB/U9-CM
November, 2010LBX9LB/X9-CM

Contract Specifications

Contract Size

One Random Length Lumber futures contract on the Chicago Mercantile Exchange is 110,000 board feet.[1]

Daily Price Limit

$10 per mbf above or below previous day's settlement price; expandable to $15 per mbf.[1]

Last Trading Day

Trading of Random Length Lumber futures contracts on the Chicago Mercantile Exchange ends on the business day immediately preceding the 16th calendar day of the contract month, 12:05 p.m.[1]

Deliverable Grades

Deliverable Random Length Lumber grades for futures contracts on the Chicago Mercantile Exchange are: 2-inch by 4-inch lumber, 8-20 feet long.[1]


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