MCM Margin Rates:

RJO QUICK MARGIN GUIDE 12-9-03

 

        Spec        Hedge            Spread         Spec        Hedge    Spread
Commodity Initial Main. Initial Main. Initial Main. Commodity Initial Main. Initial Main. Initial Main.
CBOT Grains KCBOT
Corn 540 400 400 400 135(old/new) 100 KC value line 4500 3600 3600 3600 100 80
Wheat 878 650 650 650 405(old/new) 300 KC wheat 938 750 750 750 135 100
Oats 675 500 500 500 338(old/new) 250 Minneapolis
Soybeans 1620 1200 1200 1200 743(old/new) 550 Mpls Wheat 975 750 750 750 ---
Meal 945 700 700 700 608(old/new) 450
Oil 743 550 550 550 270(old/new) 200             Mini Contracts
Rough Rice 878 650 650 650 --- Commodity Initial Main.
CME Agricutural Corn 108 80 80 80 27 20
Live Cattle 1620 1200 1200 1200 1620 1200 Wheat (CBT) 176 130 130 130 81 60
Feeder Cattle 1350 1000 1000 1000 1013 750 Soybeans 270 200 200 200 95 70
Lean Hoggs 1080 800 800 800 1215 900 Meal 439 325 325 325
Frozen Bellies 1620 1200 1200 1200         (same yr.)  945 700 Japanese Yen 878 650 650 650
            (diff. yr.) 1620 1200 Euro Currency 1249 925 925 925
Fresh Bellies 1620 1200 1200 1200 1080 800 E-Mini Russell 3000 2400 2400 2400
Class IV Milk Month 1 675 500 500 500 1080 800 Dow Jones 2700 2000 2000 2000
Class IV Milk Month 2-5 1080 800 800 800 1080 800 Gold (CMX) 405 300 300 300
Milk (DA) Month 1 675 500 500 500 1080 800 Silver 1000 oz. NY 203 150 150 150
Milk (DA) Month 2-5 1080 800 800 800 1080 800 US T-Bonds 1519 1125 1125 1125
Butter(CME) 1350 1000 1000 1000 1080 800 10 Year Note 911 675 675 675
Lumber 2475 1650 1650 1650 1500 1000 Coffee 665 475 475 475
CME Currency Crude Oil 1350 1000 1350 1000
Australian Dollar 1215 900 900 900 34 25 Natural Gas 4725 3500 4725 3500
British Pound 1823 1350 1350 1350 34 25    
Canadian Dollar 1350 1000 1000 1000 68 50 Spreads
Japanese Yen 1755 1300 1300 1300 68 50 Cattle vs. Hog 1485 1100 1100 1100
SwissFranc 1823 1350 1350 1350 34 25 Belly vs. Hog 1350 1000 1000 1000
Euro Currency 2498 1850 1850 1850 34 25 Feeder vs. Cattle 1485 1100 1100 1100
Mexician Peso 3125 2500 2500 2500 250 200 Feeder vs. Hog 1789 1325 1325 1325
South African Rand 3240 2400 2400 2400 405 300 Cattle/Frozen Belly 1620 1200 1200 1200
Norwegian Krone 6210 4600 4600 4600 237 175 Gold/Platinum spread 1/2 1485 1100 1100 1100 ---
Swedish Krona 5670 4200 4200 4200 169 120 Gold/Silver 2/3 4388 3250 3250 3250
Brazilian Real 5600 4000 4000 4000 2800 2000 KC/CHI Wheat CHI 70% KC 270 CHI 70% 200
New Zealand Dollar 1080 800 800 800 34 25 NOB spread 1175 870 870 870 70% Spread Credit
Russian Ruble 3000 2000 2000 2000 2250 1500 Soybeans vs. Oil 844 625 625 625 50% Spread Credit
Soybeans vs. Meal 481 357 357 357 75% Spread Credit
Interest Rates Soybean/Meal/Oil 85% Spread Credit
Eurodollar (CME) 1080 800 800 800 473 350
T-Bill (CME) 405 300 300 300 338 250 1-1-2 Corn/Feeder/Live Cattle 2052 1520 1520 1520
Euroyen (CME) 10125 (Yen) 7500 (Yen) 7500 (Yen) 7500 (Yen) Corn/Wheat 780 578 578 578
Us T-Bonds (CBT) 3038 2250 2250 2250 0 0 Corn/Oats 1485 1100 1100 1100
10 Year T-Note (CBT) 1823 1350 1350 1350 0 0 2-3 Meal/Oil 1853 1373 1373 1373
10 Year Muni Note Index (CBT) 1485 1100 1100 1100 0 0 3-1 Dow Jones/S & P 1750 1400 1400 1400
10 Year Agency Fut.(CBT) 2025 1500 1500 1500 1-1 Dow Jones/Nasdq 5938 4750 4750 4750
5 Year T-Note (CBT) 1350 1000 1000 1000
2 Year T-Note (CBT) 1013 750 750 750 Crop Years are defined as Follows
30-Day Fed Fund (CBT) 540 400 400 400 Corn:  November thru September
Med. Term Agency Fut.(CBT) 1080 800 800 800 Wheat:  July thru May
10 Yr. Agency (CME) 945 700 700 700 270 200 Oats:  July thru May
5 Yr. Agency (CME) 540 400 400 400 68 50 Soybeans:  November thru September
Index Futures Oil:  October thru September
US dollar index 1596 1200 1200 1200 200 150
CRB Index Reuters 2125 2125 2125 2125
Nikkei Index (cme) 6250 5000 5000 5000 94 75 Meal:  October thru September
S&P 500 20000 16000 16000 16000 125 100
E-Mini S&P 4000 3200 3200 3200 25 20
Nasdaq 100 18750 15000 15000 15000 125 100
Russell 2000 17500 14000 14000 14000 313 250
E-Mini Nasdaq 3750 3000 3000 3000 25 20
Dow Jones 5000 4000 4000 4000 ---
Dow Jones $5 2500 2000 2000 2000
Dow Jones AIG Index 878 650 650 650
NYMEX
Copper 1350 1000 1350 1000 567 420
Gold (CMX) 2025 1500 2025 1500 108 80
Platinum 2160 1600 2160 1600 675 500
Palladium 3375 2500 3375 2500 675 500
Silver 5000 oz. NY 1350 1000 1350 1000 108 80
Crude Oil 3375 2500 2500 2500 540 400
Heating Oil 3375 2500 2500 2500 540 400
Unleaded Gas 3375 2500 2500 2500 540 400
Natural Gas 9450 7000 9450 7000 1350 1000
NYBOT
Cocoa 1400 1000 1000 1000 280 200
Coffee 1960 1400 1400 1400 280 200
Sugar 560 400 400 400 210 150
Cotton 2940 2100 2100 2100 (same yr.)  420 300
         (diff. yr)       700 500
Orange Juice 700 500 500 500 350 250