SOFTS OVERVIEW

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Lumber Contracts Overview | Quote-board

FUTURES

OPTIONS

Ticker Symbol Clearing=LB; Ticker=LB Sample Quote $ per 1000 bd. ft. Contract Size 110,000 bd. ft. of random lengths 2x4s (8' to 20') Minimum Price Fluctuation (Tick) Floor: Regular - 0.10=$11.00 Price Limit Floor:$10.00 per thousand board feet above or below the previous day's settlement price. Expanded limits. Contract Month Listings Seven months of January, March, May, July, September, and November. Trading Hours Floor: 9:00 a.m.-1:05 p.m. LTD Last Trading Day Business day immediately preceding the 16th calendar day of the contract month. Final Settlement Rule Final determination of the settlemnt price is determined by the Trading Floor Pit Committee. Contract is physically deliverable. Position Limits/ Accountability A person shall not own or control more than 435 contracts long or short in any one contract month. For positions involving options on Random Length Lumber futures, this rule is superseded by the option speculative position limit rule. Trading Venue Floor

Trade Unit  One Random Length Lumber Futures Contract Point Descriptions  1 point = $.10 per 1,000 bd. ft. = $11 per contract Contract Listing  Five months of Jan, Mar, May, Jul, Sep, Nov, Serial Months and Flex? Options^^^^ Strike Price Interval  $/thousand board feet $5.00 intervals e.g. $160, $165 Product Code  Clearing Calls/Puts=LB Ticker Calls=KL Ticker Puts=JL Trading Venue: Floor Hours  9:00 a.m.-1:07 p.m. LTD Listed  All listed months Strike  All listed intervals Limits  None Minimum Fluctuation Regular 0.10=$11.00 Cab 0.05=$5.50

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