M A R G I N    G U I D E
Effective Date: 4/17/2025


U n C h a n g e d    M a r g i n
I n c r e a s e d    M a r g i n
D e c r e a s e d    M a r g i n
Current Month Change


COMMODITY
Chgd
Initial
Maint
Sprd
Initial
Sprd
Maint
 
CBOT -  GRAINS
         
C
Corn
01/17/25
1155
1050
303
275
YC
Mini Corn
01/17/25
231
210
61
55
S
Soybeans
04/08/25
2365
2150
660
600
YK
Mini Soybeans
04/08/25
473
430
132
120
06
Soybean Meal
10/04/24
2310
2100
880
800
07
Soybean Oil
01/17/25
1980
1800
660
600
W
Wheat
02/28/25
1925
1750
440
400
YW
Mini Wheat
02/28/25
385
350
88
80
KW
KC Wheat
08/02/24
2090
1900
825
750
O
Oats
10/25/24
1375
1250
1100
1000
14
Rough Rice
10/25/24
1540
1400
1760
1600
EH
Ethanol
04/03/25
5390
4900
1238
1125
 
CBOT -  FINANCIAL
         
17
30Year US Bond
11/14/24
4070
3700
275
250
21
10Year US Note
01/31/25
2063
1875
220
200
25
5Year US Note
01/31/25
1375
1250
176
160
26
2Year US Note
11/01/24
1320
1200
187
170
 
CME -  AG
         
48
Live Cattle
04/08/25
3025
2750
880
800
62
Feeder Cattle
04/12/24
4538
4125
1210
1100
LN
Lean Hogs
04/08/25
2035
1850
1760
1600
DK
Milk (Class IV)
03/07/25
770
700
1485
1350
DA
Milk (Class III)
09/13/24
1320
1200
2156
1960
NF
Nonfat Dry Milk
01/19/24
990
900
2640
2400
CB
Cash Butter
01/19/24
1210
1100
2860
2600
 
CME -  EQUITIES
         
SP
S+P 500
09/10/21
63250
57500
7700
7000
ES
Mini S+P 500
09/20/24
16060
14600
165
150
YM
Mini $5 Dow
03/21/25
11440
10400
385
350
NQ
Mini Nasdaq 100
09/20/24
24420
22200
275
250
ME
Mini S+P 400 Midcap
09/20/24
20240
18400
682
620
SG
S+P Growth Index
09/20/24
53350
48500
1650
1500
SU
S+P Value Index
09/20/24
26950
24500
1980
1800
RTY
Russell 2000 Index
09/20/24
8360
7600
132
120
GI
GSCI
02/16/24
7700
7000
4510
4100
NK
Nikkei 225
10/25/24
14300
13000
1320
1200
 
CME - CURRENCY
         
AD
Australian Dollar
04/11/25
2618
2380
55
50
BP
British Pound
04/11/25
2860
2600
66
60
C1
Canadian Dollar
04/04/25
1485
1350
50
45
J1
Japanese Yen
04/07/25
4180
3800
110
100
E1
SwissFranc
04/11/25
5005
4550
198
180
EC
Euro Currency
04/11/25
4125
3750
99
90
MP
Mexican Peso
04/11/25
2035
1850
44
40
RA
South African Rand
11/03/23
1540
1400
54
49
BR
Brazilian Real
04/08/25
1100
1000
220
200
NE
New Zealand Dollar
04/11/25
1870
1700
55
50
RU
Russian Ruble
11/03/23
13640
12400
8800
8000
 
CME-INTEREST RATES
         
ED
3 Month Eurodollar
05/15/23
957
870
   
EY
3 Month Euroyen
         
 
COMEX -  METAL
         
HG
Copper
04/07/25
9900
9000
880
800
GC
Gold
04/04/25
16500
15000
330
300
SI
Silver (x1.25)
04/04/25
16500
15000
330
300
 
NYMEX -  ENERGY
         
CL
Crude Oil
09/11/24
5720
5200
633
575
QM
Mini - WTI Crude
03/20/25
2860
2600
316
288
HO
Heating Oil
08/20/24
6820
6200
1100
1000
QH
Mini - Heating Oil
03/31/25
3410
3100
550
500
RB
RBOB Gas
03/31/25
6050
5500
1056
960
QU
Mini - RBOB Gas
03/31/25
3025
2750
528
480
NG
Natual Gas
08/18/23
6050
5500
715
650
QG
Mini - Natural Gas
03/27/25
1513
1375
179
163
 
NYMEX  -  METAL
         
PL
Platinum
04/07/25
3850
3500
440
400
PA
Palladium
10/25/24
13750
12500
1540
1400
 
MGE
         
MW
Red Spring Wheat
03/14/25
1870
1700
550
500
 
NYBOT -  SOFTS
         
KC
Coffee
03/28/25
10898
9908
1295
1177
SB
Sugar
03/28/25
1318
1198
390
355
CC
Cocoa
03/28/25
12452
11320
1722
1566
CT
Cotton
04/04/25
1683
1530
457
416
OJ
Frozen Orange Juice
04/14/25
6897
6270
1021
929
 
NYBOT -  CURRENCY
         
DX
Dollar Index
04/11/25
2171
1974
45
41




S P R E A D
Changed
Credit
 
Initial
Maint
SPD
Bean Meal vs. Bean Oil
         
SPD
Beans vs. Bean Oil
         
SPD
Corn vs. Wheat
10/22/24
45.00%
 
1694
1540
SPD
Feeder vs Cattle
         


NOTE:  Margin rates on spreads may vary depending on the contract months.  Contact your broker for verification.

DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by our firm.  Past performance isnot indicative of future results.