How large is a lumber futures contract?
A lumber futures contract includes 110,000 board feet, where 1 board foot is defined as 12 inches wide, 12 inches long and 1 inch thick.
Where does the product for lumber futures come from?
Product for lumber futures contracts generally comes from Oregon, Washington, Wyoming, Montana, Idaho, California and Nevada. Additionally, the lumber may come from British Columbia or Alberta.
What type of tree is included in a lumber futures contract?
Deliverable species for lumber futures contracts generally include western spruce, pine or fir.