Exchange Minimum Margins
Updated on 8/20/2025
Grains Initial Maint
@C Corn 1073 975
@S Soybeans 2200 2000
@W Wheat - Chicago 1815 1650
@KW Wheat - Kansas City 1760 1600
@HRS Hard Red Spring Wheat 1870 1700
@O Oats 1375 1250
@SM Soybean Meal 1870 1550
@BO Soybean Oil 2310 2100
@RR Rough Rice 1375 1250
Livestock and Dairy
@LE Live Cattle 3410 3100
@GF Feeder Cattle 5170 4700
@HE Lean Hogs 1870 1700
@DA Milk Class 3 1320 1200
@DK Milk Class 4 770 700
Other Ag
@CT Cotton 1771 1610
@SB Sugar #11 1073 975
@SFI Sugar #16 2095 1904
@KC Coffee 10659 9690
@OJ Orange Juice 6586 5987
@CC Cocoa 14399 13090
@LBR Lumber (new) 1210 1100
Financials
@UB Ultra US Treasury Bond 6545 5950
@US Treasury Bond 4070 3700
@TWE 20 Year T-Bond 4730 4300
@TY 10 Year T-Note 2063 1875
@FV 5 Year T-Note 1375 1250
@TU 2 Year T-Note 1320 1200
@FF 30 Day Fed Funds 248 225
@SR3 3 Month SOFR 220 200
@TBF3 13 Week US T-Bill 264 240
Indexes
@NQ E-Mini Nasdaq 100 Index 24420 22200
@ES E mini S&P Index 16060 14600
@RTY Mini Russell 2000 CME 8360 7600
@DX US Dollar Index 2187 1988
@BTC Bitcoin 26% 24%
Note: Effective 3/7/24, CME margin for Bitcoin stated as
percent of notional rather than dollar amount.
Metals
QGC Comex Gold 16500 15000
QSI Comex Silver 16500 15000
QHG Hi Grade Copper 12100 11000
QPL Platinum 5500 5000
QPA Palladium 11550 10500
Energies
QCL Crude Oil 5720 5200
QHO New York Harbor ULSD 6820 6200
QNG Natural Gas 6050 5500
QRB RBOB 6050 5500
Currencies
@AD Australian Dollar 2420 2200
@BP British Pound 2200 2000
@CD Canadian Dollar 1210 1100
@EU Euro FX 3190 2900
@JY Japanese Yen 3410 3100
@SF Swiss Franc 4950 4500
@PX Mexican Peso 1430 1300
LME Metals Per Tonne Per Lot
MAA Aluminum Alloy 140 2800
MAL Aluminum High Grade 165 4125
MCU Copper 630 15750
MNA NA Aluminum Alloy 150 3000
MNI Nickel 2400 14400
MPB Lead 225 5625
MSN Tin 1900 9500
MZN Zinc 240 6000