Random Length Lumber Futures contract size = 110,000 board feet (one 73’ flat car) of random length 8’ – 20’ foot softwood, the type used for rehabbing and construction. Options contracts are also available.
Saturday, April 15, 2006
Random Length Lumber Future (CME: LB)
Random Length Lumber Futures are trading at the Chicago Mercantile Exchange(CME) since 1969. The Lumber future contract offer price protection to the forest products industry. Firms engaged in producing, processing, marketing or using lumber are able to hedge their risk exposure. The North American lumber market is valued at 30 billion $.
Random Length Lumber Futures contract size = 110,000 board feet (one 73’ flat car) of random length 8’ – 20’ foot softwood, the type used for rehabbing and construction. Options contracts are also available.
Random Length Lumber Futures contract size = 110,000 board feet (one 73’ flat car) of random length 8’ – 20’ foot softwood, the type used for rehabbing and construction. Options contracts are also available.
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