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Lumber
futures contracts are the benchmark for the lumber market. The term lumber is used for timber that has been cut into boards for use as a building
material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills),
sawing the logs into boards, grading the boards according to defects and intended use, drying, and finishing the rough boards
into smoother products. Among the leading lumber-producing countries in the world are Russia and the United
States, which together produce over 50% of the world's lumber supply. Lumbering was one of the first industries in North America.
In the United States, the leading lumber producing states are Oregon, Washington and California, respectively.
This
section on the lumber market contains a wealth of information. You can read about the history of the lumber market,
the fundamentals that make it move, and the futures and options specifications. You can also view quotes, charts, current
margins requirements, and news that is affecting the lumber market. However, if you are new to the commodities markets
you should consult with a licensed broker before starting to trade.
Start trading lumber futures and options today! Click
here to contact a licensed commodities broker with experience in the lumber market. We
are happy to answer all of your questions about lunmber futures and options.
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