Exchange Minimum Margins
Updated on 2/24/2025
Grains Initial Maint
@C Corn 1155 1050
@S Soybeans 2200 2000
@W Wheat - Chicago 1925 1750
@KW Wheat - Kansas City 2090 1900
@MW Wheat - Minn 2800 2500
@O Oats 1375 1250
@SM Soybean Meal 2310 2100
@BO Soybean Oil 1980 1800
@RR Rough Rice 1540 1400
Livestock and Dairy
@LE Live Cattle 2420 2200
@GF Feeder Cattle 4538 4125
@HE Lean Hogs 1870 1700
@DA Milk Class 3 1320 1200
@DK Milk Class 4 770 700
Other Ag
@CT Cotton 3300 3000
@SB Sugar #11 577 525
@SFI Sugar #16 2242 2038
@KC Coffee 8806 8005
@OJ Orange Juice 6356 5778
@CC Cocoa 15720 14291
@LBR Lumber (new) 990 900
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 193 175
@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 1688 1535
@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 13750 12500
QSI Comex Silver 13200 12000
QHG Hi Grade Copper 7150 6500
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 1485 1350
@BP British Pound 2200 2000
@CD Canadian Dollar 1265 1150
@EU Euro FX 2860 2600
@JY Japanese Yen 3190 2900
@SF Swiss Franc 4070 3700
@PX Mexican Peso 1540 1400
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