Exchange Minimum Margins
Updated on 4/1/20

Grains                                              Initial         Maint
@C                  Corn                            1100            1000
@S                  Soybeans                        1815            1650
@W                  Wheat - Chicago                 1568            1425
@KW                 Wheat - Kansas City             1595            1450
@MW                 Wheat - Minn                    1320            1200
@O                  Oats                            798              725
@SM                 Soybean Meal                    1375            1250
@BO                 Soybean Oil                     935              850
@RR                 Rough Rice                      990              900

Livestock
@LE                 Live Cattle                     2365            2150
@GF                 Feeder Cattle                   4455            4050
@HE                 Lean Hogs                       2750            2500
@DA                 Milk Class 3                    1804            1640
@DK                 Milk Class 4                    1980            1800

Other Ag
@CT                 Cotton                          2915            2650
@SB                 Sugar #11                       1064             952
@SFI                Sugar #16                       1023             930
@KC                 Coffee                          4455            4050
@OJ                 Orange Juice                    1386            1260
@CC                 Cocoa                           2090            1900
@LB                 Lumber                          3850            3500


Financials
@US                 Treasury Bond                   7150            6500
@TY                 10 Year T-Note                  2035            1850
@FV                 5 Year T-Note                   1018             925
@TU                 2 Year T-Note                   671              610
@FF                 30 Day Fed Funds                550              500
@ED                 Eurodollar                      523              475
@EY                 Euroyen                        22000y          20000y

Indexes
@NQ                 E-Mini Nasdaq 100 Index        16500            15000
SP                  S&P 500 Index                  66000            60000
@ES                 E mini S&P Index               13200            12000
@RTY                Mini Russell 2000 CME           7810            7100
@DX                 US Dollar Index                 2750            2500


Metals
QGC                 Comex Gold                      9185            8350
QSI                 Comex Silver                    9900            9000
QHG                 Hi Grade Copper                 4125            3750
QPL                 Platinum                        4950            4500
QPA                 Palladium                      48400            44000
@YG                 Mini-Sized Gold                 1514            1376
@YI                 Mini-Sized Silver               983              893

Energies
QCL                 Crude Oil                       6160            5600
QHO                 New York Harbor ULSD            5060            4600
QNG                 Natural Gas                     1591            1450
QRB                 RBOB                            7810            7100

Currencies
@AD                 Australian Dollar               1980            1800
@BP                 British Pound                   2970            2700
@CD                 Canadian Dollar                 1705            1550
@EU                 Euro FX                         2365            2150
@JY                 Japanese Yen                    4400            4000
@SF                 Swiss Franc                     4950            4500
@PX                 Mexican Peso                    2090            1900


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