Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Lumber

(TIM)

Lumber chart This market's chart. This is a visual representation of the price action in the market, over a certain period of time. You can use this to help gauge a market’s performance.

-425.0pts (-0.71%)

High: 59925.0

Low: 58725.0

Prices are delayed by at least 15 mins

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Why trade commodities with IG?

Trade a unique range of markets

Choose from 27 popular and niche metals, energies and softs

Get the lowest spreads in the industry

Trade Spot Gold from as little as 0.3 points

Make your capital go further

Leverage gives you large exposure from a small amount of capital*

Costs and details
Related markets

CFD
Spreadbetting

Minimum size 0.10

Contract size USD 0.28

One Pip means 0

Value of one Pip USD 0.28 (GBP 0.22)

Margin 10%

Minimum stop distance 1,000

Minimum guaranteed stop distance 8.0%

Your aggregate position in this market will be margined in the following tiers:

Tier	Position size	Margin
1	0 - 145.45 Contracts - USD	10%
2	145.45 - 290.91 Contracts - USD	10%
3	290.91 - 436.36 Contracts - USD	10%
4	436.36 + Contracts - USD	10%

If your aggregate position is larger than Tier 1, your margin requirement will not be reduced by non-guaranteed stops.

Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.

Expiry date 31/12/24

Last dealing date and time 31/12/24 23:59

Settlement

Last rollover time 31/12/24 23:59

Rollover info

Usually, initial position closed at official closing level of day before last dealing day +/- closing spread; new position in next contract opened at official closing level of the new contract from same day, +/- opening spread.

* While leverage can amplify profits it also magnifies losses, as both are calculated on the full size of the position, not your initial margin. Always remember to use an effective risk management strategy.

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This is calculated to the nearest 1%.

Open a free, no-risk demo account to stay on top of commodity movement and important events.

Real-time charts

Analyse commodity price action on charts with live and historical data, available for as long as you need

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Identify the right time to trade on commodities and more, with free technical signals

Three types of alert

Be notified when a commodity changes an amount, hits a level or fulfills your technical conditions

Spot markets

Trade gold, silver and more with continuous charting and no monthly expiries

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Spot markets

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<h3>Trading commodities with IG</h3>

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<h3>Become a better commodity trader</h3>

Gold spreads from 0.3 points, continuous charting and greater profit and loss transparency. Find out more about why you should trade commodities with IG.

Discover why so many clients choose us, and what makes us the world's No.1 provider of spread betting and CFDs.¹

Improve your trading skills by working through interactive courses on the IG Academy app.

¹For CFDs, based on revenue excluding FX, published financial statements, October 2016; number of active UK financial spread betting accounts (Investment Trends UK Leveraged Trading Report October 2016); for forex based on number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report October 2016).

Help and support

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

Professional clients trading spread bets and CFDs can lose more than they deposit.

Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.

Trading stocks and shares ‘on margin’ within a US options and futures account – meaning that you only finance part of the cost of acquiring a position in a security – carries additional risks over buying securities on a fully funded basis and may result in losses exceeding your original investment. Trading on margin will also result in additional costs to you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarise yourself with these risks before trading on margin.

The value of shares, ETFs and other ETPs bought through a share dealing account, a US options and futures account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing.

Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd.   

IG is a trading name of IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764), IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Trading and Investments Ltd (Register Number 944492) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.   

The information on this site isn’t directed at residents of the United States, Belgium or any particular country outside the UK and isn’t intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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Lumber

Lumber chart This market's chart. This is a visual representation of the price action in the market, over a certain period of time. You can use this to help gauge a market’s performance.

Why trade commodities with IG?

Trade a unique range of markets

Get the lowest spreads in the industry

Make your capital go further

Find your next commodities trade

You might be interested in…

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Help and support