Open Account

Grain Markets
Contract Specifications

Corn Futures Contract Specifications

Corn Futures (ZC)

  • Trading Symbol: ZC
  • Contract Size: 5,000 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $12.50 per contract ($0.0025 × 5,000 bushels)
  • Settlement Method: Physically settled (corn delivery)
  • Initial Margin: $2,475 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,800 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)

Mini Corn Futures (XC)

  • Trading Symbol: XC
  • Contract Size: 1,000 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $2.50 per contract ($0.0025 × 1,000 bushels)
  • Settlement Method: Physically settled (corn delivery)
  • Initial Margin: ~$495 (as of April 2025, per CME Group)
  • Maintenance Margin: ~$360 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Micro Corn Futures (MZC)

  • Trading Symbol: MZC
  • Contract Size: 500 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $2.50 per contract ($0.0025 × 500 bushels)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: ~$247.50 (as of April 2025, per CME Group)
  • Maintenance Margin: ~$180 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Soybean Futures Contract Specifications

Soybean Futures,Jul-2025
ZS=F ¢1015.25
5.00 0.49%

Soybean Futures (ZS)

  • Trading Symbol: ZS
  • Contract Size: 5,000 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $12.50 per contract ($0.0025 × 5,000 bushels)
  • Settlement Method: Physically settled (soybean delivery)
  • Initial Margin: $3,300 (as of April 2025, per CME Group)
  • Maintenance Margin: $2,400 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Aug (Q), Sep (U), Nov (X)
  • Exchange: CME Group (Chicago Board of Trade)

Mini Soybean Futures (XK)

  • Trading Symbol: XK
  • Contract Size: 1,000 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $2.50 per contract ($0.0025 × 1,000 bushels)
  • Settlement Method: Physically settled (soybean delivery)
  • Initial Margin: ~$660 (as of April 2025, per CME Group)
  • Maintenance Margin: ~$480 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Aug (Q), Sep (U), Nov (X)
  • Exchange: CME Group (Chicago Board of Trade)

Micro Soybean Futures (MZS)

  • Trading Symbol: MZS
  • Contract Size: 500 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $1.25 per contract ($0.0025 × 500 bushels)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: ~$330 (as of April 2025, per CME Group)
  • Maintenance Margin: ~$240 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Aug (Q), Sep (U), Nov (X)
  • Exchange: CME Group (Chicago Board of Trade)

Soybean Meal Futures Contract Specifications

Soybean Meal Futures,Jul-2025
ZM=F $305.80
1.20 0.39%

Soybean Meal Futures (ZM)

  • Trading Symbol: ZM
  • Contract Size: 100 short tons
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.10 per short ton
  • Tick Value: $10.00 per contract ($0.10 × 100 short tons)
  • Settlement Method: Physically settled (soybean meal delivery)
  • Initial Margin: $2,805 (as of April 2025, per CME Group)
  • Maintenance Margin: $2,550 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Aug (Q), Sep (U), Oct (V), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Soybean Oil Futures Contract Specifications

Soybean Oil Futures,Jul-2025
ZL=F ¢42.50
0.15 0.35%

Soybean Oil Futures (ZL)

  • Trading Symbol: ZL
  • Contract Size: 60,000 pounds
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0001 per pound (0.01 cent)
  • Tick Value: $6.00 per contract ($0.0001 × 60,000 pounds)
  • Settlement Method: Physically settled (soybean oil delivery)
  • Initial Margin: $1,980 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,800 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Aug (Q), Sep (U), Oct (V), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Wheat Futures Contract Specifications

Wheat Futures,Jul-2025
ZW=F ¢550.75
2.25 0.41%

Wheat Futures (ZW)

  • Trading Symbol: ZW
  • Contract Size: 5,000 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $12.50 per contract ($0.0025 × 5,000 bushels)
  • Settlement Method: Physically settled (wheat delivery)
  • Initial Margin: $2,750 (as of April 2025, per CME Group)
  • Maintenance Margin: $2,000 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Mini Wheat Futures (XW)

  • Trading Symbol: XW
  • Contract Size: 1,000 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $2.50 per contract ($0.0025 × 1,000 bushels)
  • Settlement Method: Physically settled (wheat delivery)
  • Initial Margin: ~$550 (as of April 2025, per CME Group)
  • Maintenance Margin: ~$400 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Micro Wheat Futures (MZW)

  • Trading Symbol: MZW
  • Contract Size: 500 bushels
  • Trading Hours: Sunday–Friday: 7:00 PM – 7:45 AM CT; Monday–Friday: 8:30 AM – 1:20 PM CT (Daily break: 1:20 PM – 7:00 PM CT)
  • Tick Size: $0.0025 per bushel (¼ cent)
  • Tick Value: $1.25 per contract ($0.0025 × 500 bushels)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: ~$275 (as of April 2025, per CME Group)
  • Maintenance Margin: ~$200 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)