Hi,
use Styrodur. English word is Polystyrol. The standard size - at least here in Germany - is 60 x 125. So one piece is good for two 60 x 60 boards.
The material is very light, it does not bend when you use watered down materials. If you use it for boards make a wooden frame so that the edges are protected. 99 % Of the wargamer I know, use this material
Cheers
Björn