COMMODITY TUTORS  

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Commodity Tutors

ph: 1.866.471.3801
fax: 562.846.4259
alt: 562.364.9682

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Agricultural Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTrading UnitMin FlucInitMarginMaintMargin
Alberta BarleyABFHKNXC$.10/ton = C$2.00CDN $ per tonne20 tonnes$0.10/tonne$182$135
Soybean OilBOFHKNQUVZ1/100 cent ($0.0001)/lb ($6/contract)US $ per pound60,000 lbs1/100 cent$1,485$1,100
South American SoybeansBSFHKNQUX1/4 cent/bu ($12.50/contract)US $ per barrel5,000 bu1/4c ($12.50)$2,025$1,500
CornCHKNUZ1/4 c/bushel ($12.50/contract)US $ per bushel5,000 bushels1/4 cents per bushel = $12.50$2,025$1,500
Soybean CrushCSFHKNQUX1/4 cent/bu ($12.50/contract)US $ per bushel5,000 bu1/4C ($12.50)$1,148$850
Wheat (Kansas)KWHKNUZ1/4 cent/bu. = $12.50US $ per bushel5,000 bu.1/4C ($12.50)$2,500$2,000
Hard Red Spring WheatMWHKNUZ1/4 cent/bu. = $12.50US $ per bushel5,000 bu.1/8 c per bushel$3,250$2,500
OatsOHKNUZ1/4 cent/bu ($12.50/contract Oat )US $ per bushel5,000 bu1/4C ($12.50)$1,148$800
Rough RiceRRFHKNUX1/2 cent/cwt ($10/contract)US $ per hundredweight2,000 cwt1/2 cent/cwt$1,283$950
CanolaRSFHKNUXC$.10/ton = C$2.00CDN $ per tonne20 tonnes$0.10/tonne$1,073$795
SoybeansSFHKNQUX1/4 cent/bu ($12.50/contract)US $ per bushel5,000 bu1/4C ($12.50)$3,375$2,500
Soybean MealSMFHKNQUVZ10 cents/ton ($10/contract)US $ per short ton100 tons (2,000 lbs/ton).10/tn ($10)$2,363$1,750
WheatWHKNUZ1/4 cent/bu ($12.50/contract)US $ per bushel5,000 bu1/4C ($12.50)$3,375$2,500
Corn MiniYCHKNUZ1/8 cent/bu ($1.25/contract)US $ per bushel1,000 bu1/8c ($1.25)$405$300
Soybeans MiniYKFHKNQUX1/8 cent/bushel ($1.25 per contract)US $ per bushel1,000 bu1/8 cent/bushel$675$500
Mini WheatYWHKNUZ1/8 bu. = $1.25US $ per bushel1,000 bu.1/4C ($12.50)$675$500

Currencies Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTradingUnitMin FlucInitMarginMaintMargin
AustralianDollarADHMUZHMUZ$.0001 AD ($10.00/contract)US $ per Australian Dollar100,000 AustralianDollars
.0001 ($10)$2,970$2,200
British PoundBPHMUZ$0.0001 BP = $6.25US $ per British Pound62,500British Pounds
.0001 ($6.25)$2,430$1,800
Brazilian RealBRFGHJKMNQUVXZ.5 point = $.00005 per Brazilian real = $5.00 per contractUS $ per Brazilian Real100,000 Brazilian reals0.00005=$5.00 (half tick)$3,500$2,500
Canadian DollarCDHMUZ$.0001 CD ($10.00/contract)US $ per Canadian Dollar100,000 Canadian Dollars.0001 ($10)$2,160$1,600
US Dollar IndexDXHMUZ.01 of a U.S. Dollar Index point = $10.00/contract usdxindex points, expressed to three decimals$1,000 times the U.S. Dollar Index.01 pt($10)$1,729$1,300
Euro EminiE7HMUZ$.0001 Euro = ($6.25 per contract)US $ per Euro62,500 Euro0.0001=$6.25$1,620$1,200
EuroECHMUZ$.0001 EC ($12.50/contract)US $ per Euro125,000 Euro.0001 ($12.50)$3,240$2,400
Euro / Japanese YenEJHMUZEuro per Japanese Yen100,000 Euro.01 or 1,000 yen per contract
Euro FuturesEUHMUZ1/2 ticks on spread trades are permittedUS $ per Euro200,000 A. dollars.0001 or 20 U.S. dollars per c
British Pound / EuroGBHMUZ1/2 ticks on spread trades are permittedBP per Euro100,000 Euro.0001 or 10 pound per contract
Japanese Yen EminiJ7HMUZ$.000001 JY ($6.25/contract)US $ per Japanese Yen6,250,000 Japanese yen$.000001 JY ($6.25)$1,890$1,400
Japanese YenJYHMUZ$.000001 JY ($12.50/contract)US $ per Japanese Yen12,500,000 Japanese Yen.000001 ($12.50)$2,700$2,000
US Dollar / Swedish KronaKUHMUZUS $ per Swedish Krona200,000 U.S. dollars.0001 or 20 krona per contract
New Zealand DollarNEHMUZ$.0001 ND ($10.00/contract)US $ per NZ $100,000 New Zealand Dollars0.0001=$10.00$2,295$1,700
Euro / Swiss FrancRFHMUZEuro per Swiss Franc125,000 Euro
Euro / Swedish KronaRKHMUZEuro per Swedish Krona100,000 Euro.0005 or 50 krona per contract
Euro / Japanese YenRYHMUZEuro per Japanese Yen125,000 Euro
Euro / Swiss FrancRZHMUZEuro per Swiss Franc100,000 Euro.0001 or 10 S. francs per cont
Swiss FrancSFHMUZ$.0001 SF = ($12.50/contract)US $ per Swiss Franc125,000 Swiss Francs.0001 ($12.50)$3,240$2,400
US Dollar / Japanese YenYYHMUZUS $ per Japanese Yen200,000 U.S. dollars.01 or 2,000 yen per contract

Livestock Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTrading UnitMin FlucInitMarginMaintMargin
Feeder CattleFCFHJKQUVZ0.00025=$12.50US $ per pound50,000 pounds2.5 pts ($12.50)$1,688$1,200
Live CattleLCGJMQVZ1 point = .01 cents per pound = $4.00US $ per pound40,000 pounds2.5 pts ($10)$1,350$1,000
Lean HogsLHGJKMNQVZ2.5 C/cwt. = $10.00US $ per pound40,000 pounds (lean value)2.5 pts ($10)$1,485$1,100
Frozen Pork BelliesPBGHKNQ2.5 C/cwt. = $10.00US $ per pound40,000 pounds2.5 pts ($10)$2,025$1,500

Food/Fiber/Softs Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTrading UnitMin FlucInitMarginMaintMargin
CocoaCCHKNUZ$1/ ton = $10US $ per metric ton10 metric tons$1/ton$1,400$1,000
Cotton #2CTHKNVZ1/100 of a cent (oneUS $ per pound50,000 lbs.001 ($5)$4,900$3,500
BFP MilkDAAll 12$.01cwt = $20.00US $ per hundredweight200,000 lbs.0.01 ($20.00)$1,080$800
ButterDBHKNUVZ$.00025 = $10US $ per pound40,000 pounds of Grade AA butter0.00025 ($10.00)$2,430$1,800
Class IV MilkDKAll 120.01=$20.00US $ per hundredweight200,000 lbs.0.01 ($20.00)$810$600
CoffeeKCHKNUZ0.05cwt = $18.75 (point value = $3.75)US $ per pound37,500 lbs..0005 ($18.25)$6,300$4,500
LumberLBFHKNQX$.10 per 1,000 bd. ft. ($11.00/contract)US $ per 1,000 board feet110,000 bd. feet.10/1K ($11)$1,650$1,100
Orange JuiceOJFHKNUX$.0005/lb = $7.50US $ per pound15,000 pounds.0005 ($7.50)$1,960$1,400
Robusta Coffee (Electronic)RNHKNUZ5/100 cent/lb = $18.75US $ per pound37,500 pounds5/100 cent/lb = $18.75
Sugar #11SBFHKNV$.0001/lb = $11.20US cents per pound112,000 lbs..0001 ($11.20)$3,010$2,150
Sugar #14 (delisted)SEFHKNUX$.01/lb = $11.20US $ per pound112,000 lbs.$980$700

Financials Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTrading UnitMin FlucInitMarginMaintMargin
Cdn Bankers Accept. 3 MonthBAXHMUZ0.005 = C$12.50 per contract100 - annualized yield of a Three-month Cdn BAXC $1,000,000 nominal value of Canadian Bankers' Acceptance with a three-month maturity.0.005 = C$12.50 per$680$630
10 Yr Govt of Canada BondsCGBHMUZ0.01 = C$10Per C$100 nominal valueC$100,000 nominal value of Government of Canada Bond with 6% notional coupon0.01 = C$10$1,747$1,680
EurodollarEDAll 12$.01 ($25.00/contract)basis points1,000,000.005 ($12.50)$1,013$750
Euro YenEYHMUZ0.01 (1 basis pt.) (Y2,500)basis points100,000,000 Japanese Yen.01 (Y2,500)Y16,200Y12,000
Fed Funds 30 DayFFAll 12$20.835 per 1/2 of one basis point100 - the avg daily fed funds overnight rate5 million.005 ($20.835)$540$400
Treasury Notes 5 YearFVHMUZOne half of 1/32 of a point ($15.625/contract) rounded up to the nearest
cent/contract; par is on the basis of 100 points
Points ($1,000) and one-quarter of 1/32 of a pointOne U.S. Treasury note having a face value at maturity of $100,000 or multiple thereof1/64 ($15.625)$1,080$800
Gilts LongGSHMUZ0.01 = P10index pointsP 100,000 nominal value notional Gilt with 7% coupon0.01 (P 10)$2,351$2,351
5 Year Interest Rate Swap (Globex)SAMinimum price fluctuations shall be in multiples of one-half of one thirty-second (1/32) point per 100 points ($15.625 rounded up to the nearest centPoints ($1,000.00) and thirty-seconds (1/32)
10 Year Interest Rate Swap (Globex)SRHMUZMinimum price fluctuations shall be in multiples of one-half of one thirty-second (1/32) point per 100 points ($15.625 rounded up to the nearest cent)Points ($1,000.00) and thirty-seconds (1/32)Notional price of the fixed-rate side of a 10-year interest rate swap that has notional principal equal to $100,000(1/32) point$2,025$1,500
Treasury Notes 2 YearTUHMUZOne quarter of 1/32 of a point ($15.625/contract) rounded up to the nearest cent/contract; par is on the basis of 100 pointsPoints ($2,000) and one quarter of 1/32 of a pointU.S. Treasury notes having a face value at maturity of $200,000 or multiple thereof1/128 ($15.625)$810$600
Treasury Notes 10 YearTYHMUZOne half of 1/32 of a point ($15.625/contract); par is on the basis of 100 pointsPoints ($1,000) and one-half of 1/32 of a pointOne U.S. Treasury note having a face value at maturity of $100,000 or multiple thereof1/64 ($15.625)$1,890$1,400
Treasury Bonds 30 YearUSHMUZ1/32 of a point ($31.25/contract); par is on the basis of 100 pointsPoints ($1,000) and one-half of 1/32 of a pointOne U.S. Treasury Bond having a face value at maturity of $100,000 or multiple thereof.1/32 ($31.25)$3,375$2,500
Euro Dollar MiniYEHMUZOne-half of one basis point (or $6.25/contract)basis points

Index Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTrading UnitMin FlucInitMarginMaintMargin
Continuous CRB IndexCIFGJMQX.05 Points ($25.00/contract)index points, expressed to two decimals$500 x the CRB Index.05 pt ($25)$8,500$8,500
CRB Index FuturesCRFGJMQX.05 Points ($25.00/contract)index points, expressed to two decimals$500 x the CRB Index.05 pt ($25)$400$400
Dow Jones Industrial AverageDJHMUZ1 Point ($10.00/contract)DJIA index points$10 x the Dow Jones Industrial Average Index.01 pt ($10)$7,005$5,604
Libor 1 MonthEMAll 121/2 point = .005 = $12.50basis pointsEurodollar Time Deposit having a principal value of $3,000,000 with 1 month maturity.0.005 = $12.50$203$150
S&P 500 E-miniESHMUZ.01 index points = $0.50index points, expressed to two decimals$50 x S&P 500 Stock Index.05 pt ($2.50)$4,500$3,600
Emini S&P Midcap 400EWHMUZ0.01=$5.00index points, expressed to two decimals$500 times the Standard & Poor's MidCap 400 Stock Price Index0.05=$25.00$4,000$3,200
Goldman Sachs Commodity IndexGIAll 12$.05 =$12.50index points, expressed to two decimals$250 times the index.05 indx pts = $12.5$7,500$5,000
Gilts LongGLHMUZ0.01 = P10pointsP100,000 nominal value notional Gilt with 7% coupon0.01 (P10)$2,351$2,351
London FT-SE 100LZHMUZ0.1 = P1.00index points, expressed to one decimalP10 per index point0.5 (P5.00)$3,000$3,000
S&P Midcap 400MDHMUZ0.01=$5.00index points, expressed to two decimals$500 times the Standard & Poor's MidCap 400 Stock Price Index0.05=$25.00$20,000$16,000
NYSE Small Composite FuturesMUHMUZ$5 x NYSE Comp. Indexindex points, expressed to one decimal.50 (50 basis points) - e.g.,
Value Line FuturesMVHMUZ.05 pt. ($5 per/contract)index points, expressed to two decimals$100 x Futures Price..05 pt. ($5 per/ctrt$1,000$800
Nasdaq 100NDHMUZ0.5=$50.00index points, expressed to two decimals$100 times the Nasdaq 100 index.01 per indx pt = $1$13,750$11,000
Nikkei 225NKHMUZ$0.05 = $25.00index points$5 times the Nikkei Stock Average5 pts ($25)$5,000$4,000
Nasdaq 100 E-miniNQHMUZ1pt=$0.5index points, expressed to two decimals$20 times the Nasdaq-100 Index.50 pt ($10.00)$2,750$2,200
Russell 1000 MiniRS_HMUZ
S&P 500SPHMUZ0.10 (10 pt.) ($2.50/pt.) ($25.00)index points, expressed to two decimals$250 x S&P 500 Stock Index.10 pt ($25)$22,500$18,000
S&P Canada 60 IndexSXFHMUZ.10 pts = C$20index points, expressed to two decimalsC$200 times the futures value.10 pts = C$20$3,562$3,360
Dow Jones E-mini ($5) (Globex)YMHMUZOne point ($5.00 per contract)DJIA index points($5.00) times the Dow Jones Industrial AverageSM Index.1 pt = $5.00$6,500$5,200
NYSE Revised Composite IndexYUHMUZ.05 = $25.00index points, expressed to one decimal$50 x NYSE Composite Index.05 pt ($25)$12,000$12,000

Oil/Energy Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTrading UnitMin FlucInitMarginMaintMargin
EthanolAKFGHJKMNQUVXZOne tenth of one cent ($0.001) per gallon ($29 per contract)US $ per gallon29,000 U.S. gallons1/10 of 1 cent ($0.001)$5,670$4,200
Brent Crude OilBCAll 121c/barrel = $10US $ per barrel1,000 net barrels (42,000 US gallons)1 US cent per barrel$7,288$5,830
Light Crude Oil (Pit)CLFGHJKMNQUVXZ$0.01 (1c) per barrel ($10 per contract)US $ per barrel1,000 U.S. barrels (42,000 gallons).01/bbl. ($10$9,788$7,250
Gas - OilGOAll 1225 c/tonne = $25US $ per tonne100 metric tonnes of gas oil5 US cents per tonne$7,288$5,830
Nat. Gas Financial Futures (Last Day) (Globex)HHAll 12U.S. dollars and cents per mmBtuUS $ per mmBtu10,000 million British thermal units (mmBtu).$0.001 (0.1c) per mmBtu$10,125$7,500
Heating OilHOAll 12$0.0001 (0.01c) per gallon ($4.20 per contract)US $ per gallon42,000 U.S. gallons (1,000 barrels).0001 ($4.20)$12,150$9,000
Natural Gas Financial Futures (Globex)HPAll 12U.S. dollars and cents per mmBtuUS $ per mmBtu10,000 million British thermal units (mmBtu)$0.001 per mmBtu. $10 contract$10,125$7,500
PJM ElectricityJMAll 12U.S. dollars and cents per MwhUS $ per Mwh40 megawatt hours$0.05 per Mwh$4,050$4,050
Natural GasNGAll 12$0.001 (0.1 c) per MMBtu ($10 per contract)US $ per mmBtu10,000 million British thermal units (mmBtu).10 ($10)$9,788$7,250
Natural Gas miNYQGFGHJKMNQUVXZU.S. cents per mmBtuUS $ per mmBtu2,500 million British thermal units (mmBtu)0.5c per mmBtu = $12.50$2,447$1,813
Heating Oil miNYQHAll 12$0.001 (0.1c) per gallon ($21)US $ per gallon21,000 gallons$0.001 (0.1c) per gallon ($21)$6,075$4,500
Crude Oil EmiNYQMFGHJKMNQUVXZU.S. dollars and cents per barrelUS $ per barrel500 barrels(2.5c) per barrel ($12.50)$4,894$3,625
NYH RBOB Gasoline miNYQUAll 12US $ per gallon21,000 gallons$0.001 (0.1c) per gallon ($21.$5,063$3,750
NYH RBOB Unleaded GasRBFGHJKMNQUVXZU.S. dollars and cents per gallon.US $ per gallon42,000 U.S. gallons (1,000 barrels)(0.01c) per gallon ($4.20)$10,125$7,500
NYH RBOB Gasoline Financial Futures (Globex)RTAll 12U.S. dollars and cents per gallonUS $ per gallon42,000 U.S. gallons (1,000 barrels)$0.0001 0.01c per gl$10,125$7,500
Crude Oil Financial Futures (Globex)WSAll 12U.S. dollars and cents per barrelsUS $ per barrel1,000 U.S. barrels (42,000 gallons)$0.01 per barrel$4,050$3,000

Metals Futures Contract Specifications

Contract NameSymbolMonthsTick SizeQuoted UnitsTrading UnitMin FlucInitMarginMaintMargin
GoldGCAll 12$.10/oz. = $10.00US $ per troy ounce100 troy ounces10 pts=$10$4,300$3,250
Copper High GradeHGAll 120.05 c/lb. = $12.50US $ per pound25,000 pounds5 pts=$12.50$7,763$5,750
PalladiumPAAll 12$0.05 (5 cents) per troy ounce ($5 per contract)US $ per troy ounce100 troy ounces5 pts=$5$3,713$2,750
PlatinumPLAll 12$0.10 (10 cents) per troy ounce, $5 per contractUS $ per troy ounce50 troy ounces10 pts=$5$8,100$6,000
Copper miNY (Globex)QCFGHJKMNQUVXZUS $ per pound12,500 pounds$0.0020 per pound.$3,882$2,875
Silver miNY (Globex)QIFGHJKMNQUVXZUS $ per troy ounce2,500 troy ounces$0.0125 per ounce.$3,375$2,500
Silver 5000 ozSIAll 12$.001/oz. = $5.00US $ per troy ounce5,000 troy ounces50 pts=$25$21,600$16,000
Uranium (Globex)UXFGHJKMNQUVXZU.S. dollars and cents per poundUS $ per pound250 pounds of U308$0.05$2,700$2,000
Gold, NY MiniYGAll 1210 cent/fine troy ozUS $ per troy ounce33.2 fine troy oz.10 cent/fine troy oz$1,485$1,100
Silver NY MiniYIAll 12$.001/troy oz.US $ per troy ounce1,000 troy ounces.$.001/troy oz.$2,025$1,500
Gold 100 oz.ZGAll 1210 cent/fine troy ozUS $ per troy ounce100 fine troy ounces10 cent/fine troy oz$2,025$1,500
Silver 5000 ozZIAll 12$.001 per troy ounceUS $ per troy ounce5,000 fine troy ounces$.001 per troy ounce$4,050$3,000

RISK DISCLOSURE STATEMENT FOR FUTURES AND OPTIONS CONTRACTS:

Trading futures contracts involves risk and may result in potentially unlimited losses that are greater than the amount you deposited with your broker.


Commodity Tutors

ph: 1.866.471.3801
fax: 562.846.4259
alt: 562.364.9682