Exchange Minimum Margins
Updated on 5/12/2025
Grains Initial Maint
@C Corn 1155 1050
@S Soybeans 2365 2150
@W Wheat - Chicago 1815 1650
@KW Wheat - Kansas City 1925 1750
@MW Wheat - Minn 2805 2550
@HRS Hard Red Spring Wheat 1870 1700
@O Oats 1375 1250
@SM Soybean Meal 2090 1900
@BO Soybean Oil 1980 1800
@RR Rough Rice 1540 1400
Livestock and Dairy
@LE Live Cattle 3025 2750
@GF Feeder Cattle 4538 4125
@HE Lean Hogs 2035 1850
@DA Milk Class 3 1320 1200
@DK Milk Class 4 770 700
Other Ag
@CT Cotton 1771 1610
@SB Sugar #11 1566 1423
@SFI Sugar #16 3068 2789
@KC Coffee 11451 10410
@OJ Orange Juice 7095 6450
@CC Cocoa 12452 11320
@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 231 210
@SR3 3 Month SOFR 220 200
@TBF3 13 Week US T-Bill 286 260
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 8250 7500
QPL Platinum 3300 3000
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 2420 2200
@CD Canadian Dollar 1485 1350
@EU Euro FX 3740 3400
@JY Japanese Yen 3630 3300
@SF Swiss Franc 5940 5400
@PX Mexican Peso 1760 1600
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