What does contract lumber do?

Contract Lumber strives to build strategic alliances with our builder customers in an effort to maximize their efficiency and profitability. We will conduct our business in an ethical manner, always concentrating on providing exceptional customer service and quality building products at competitive prices.

How long is a lumber contract?

Each contract represents 110,000 board feet. The underlying product is two-inch by four-inch lumber that is between eight and 20 feet long. The contract trades globally on the CME Globex electronic trading platform and has expiration months of January, March, May, July, September and November.

What is the new lumber futures & options contract?

The new Lumber futures and options contract reflects changing production patterns, which makes it a more effective risk management tool for market participants. Lumber futures are physically delivered to the Chicago Switching District, allowing for a broader market participation from both western and eastern producing mills.