About CME Random Length Lumber Futures

For more than 30 years now, CME® Random Length Lumber futures and options have given mills, wholesalers, homebuilders and retail dealers a vehicle to manage price risk and to take advantage of price opportunities. The contract specifies 110,000 board feet (one 73’ flat car) of random length 8’ – 20’ softwood 2 x 4s, the type used for rehabbing and construction. Individual investors favor lumber too, due to its price trending nature and keen ability to track the economy.