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|This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.|
Random Length Lumber futures are delivered every year in January, March, May, July, September, & November.
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|
One Random Length Lumber futures contract on the Chicago Mercantile Exchange is 110,000 board feet.
$10 per mbf above or below previous day's settlement price; expandable to $15 per mbf.
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.
Deliverable Random Length Lumber grades for futures contracts on the Chicago Mercantile Exchange are: 2-inch by 4-inch lumber, 8-20 feet long.