Contract Specifications

Delivery Month Codes:

For futures contracts specifying physical delivery, the delivery month is the month in which the seller must deliver, and the buyer must accept and pay for, the underlying. For contracts specifying cash settlement, the delivery month is the month of a final mark-to-market The exact dates of acceptable delivery vary considerably and will be specified by the exchange in the contract specifications.

Month Code
January F
February G
March H
April J
May K
June M
July N
August Q
September U
October V
November X
December Z
Currency:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Australian Dollar IMM 100,000 AD H,M,U,Z QAD,AD .0001 ($10.00) 1 pt=$10.00
British Pound IMM 62.5K BP H,M,U,Z QBP,BP .0002 ($12.50) 1 pt=$6.25
Canadian Dollar IMM 100K CD H,M,U,Z QCD,CD .0001 ($10.00) 1 pt=$10.00
Euro-Currency IMM 125K Euros H,M,U,Z QEC,EC .0001 ($12.50) 1 pt=$12.50
Japanese Yen IMM 12.5 mil Yen H,M,U,Z QJY,JY .000001 ($12.50) 1 pt=$12.50
Mexican Peso IMM 500K MP H,M,U,Z QME,ME .00001 ($5.00) 1 pt=$5.00
Swiss Franc IMM 125K SF H,M,U,Z QSF,SF .0001 ($12.50) 1 pt=$12.50
Dairy:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Butter (Grade AA) CME 40,000 lbs All Months DB .00025 ($10.00) 1 pt=$4.00
Class IV Milk CME 200,000 lbs All Months DK .01 ($20.00) 1 pt=$20.00
Milk CME 2000 lbs All Months DA .01 ($20.00) 1 pt=$20.00
Energy:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Brent Crude Oil NYMX 1,000 barrels All Months SC,SC=2 .01/barrel ($10.00) 1 pt=$10.00
Brent Crude Oil IPE 1,000 barrels All Months EB-IP .01/barrel ($10.00) 1 pt=$10.00
Crude Oil NYMX 1k bbl All Months CL,CL=2 .01/bbl ($10.00) 1 pt=$10.00
Gas Oil IPE 100 metric tons All Months EB-IP .25/ton ($25.00) 1 pt=$25.00
Heating Oil NYMX 42K gal All Months HO,HO=2 .0001 ($4.20) 1 pt=$4.20
Natural Gas NYMX 10K mm/btu All Months NG,NG=2 .10 ($10.00) 1 pt=$10.00
Unleaded Gas NYMX 42K gal All Months HU,HU=2 .0001 ($4.20) 1 pt=$4.20
Financial:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
3 Mo Eurodollars CME $1 mil E$ H,M,U,Z QED,ED .005 ($12.50) 1 pt=$25.00
3 Mo Euroyen CME $1 mil Yen H,M,U,Z EY .01 (2,500 Y) 1 pt=2,500 Y
90 Day T-Bills CME $1mil Bill H,M,U,Z TB,TB .01 ($25.00) 1 pt=$25.00
Fed Funds 30 Day CBOT $5 mil All Months QFF,FF .005 ($20.835) 1 pt=$41.67
Libor 1 Month CME $3 mil All Months QEM,EM=2 .005 ($12.50) 1 pt=$25.00
T-Notes 10 yrs CBOT $100K note H,M,U,Z QTY,TY 1/64 ($15.625) 1/64=$15.625
T-Notes 2 yrs CBOT $200K note H,M,U,Z QTU,TU 1/128 ($15.625) 1/128=$15.625
T-Notes 5 yrs CBOT $100K note H,M,U,Z QFV,FV 1/64 ($15.625) 1/64=$15.625
US T-Bonds CBOT $100K bond H,M,U,Z QUS,US 1/32 ($31.25) 1/32=$31.25
Grains:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Corn CBOT 5K bu H,K,N,U,Z QBC,C 1/4C ($12.50) 1 cent=$50.00
Hard Red Spring Wheat MGE 5000 bushels H,K,N,U,Z MW 1/4 cent/bu ($12.50) 1 pt=$50.00
Hard Wheat MGE 5000 bushels All Months IH 1/4 cent/bu ($12.50) 1 pt=$50.00
Oats CBOT 5K bu H,K,N,U,Z QZO,O .1/4C ($12.50) 1 cent=$50.00
Rough Rice CBOT 2K klbs F,H,K,N,U,V,Z QRR,RR .005 klb ($12.50) 1 cent=$20.00
Soybean CBOT 5K bu F,H,K,N,Q,U,X QBS,S 1/4C ($12.50) 1 cent=$50.00
Soybean Meal CBOT 100 tons F,H,K,N,Q,U,V,Z QSM,SM .10/ton $(10.00) 1 pt=$1.00
Soybean Oil CBOT 60K lbs F,H,K,N,Q,U,V,Z QBO,BO 1/100 cent 1 pt=$6.00
Wheat CBOT 5K bu H,K,N,U,Z QBW,W 1/4 C ($12.50) 1 pt=$50.00
Wheat KCBT 5,000 bushels H,K,N,U,Z KW 1/4 C ($12.50) 1 pt=$50.00
Indicies:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
CRB Index NYBT $500 x Index value F,G,U,X CI .05 pt ($25.00) 1 pt=$5.00
Dow Jones Ind CBOT $10 x Index value H,M,U,Z QDJ,DJ .01 pt ($10.00) 1 pt=$10.00
E-Mini Nasdaq 100 CMEE $20 x Index value H,M,U,Z NQ .50 pt ($10.00) 1 pt=$0.20
E-Mini Russell 2000 CMEE $20 x Index value H,M,U,Z NQ .50 pt ($10.00) 1 pt=$0.20
E-Mini S&P CMEE $50 x Index value H,M,U,Z ES .05 pt ($2.50) 1 pt=$0.50
Muni Bond Index CBOT $1000 x Index value H,M,U,Z MB,MB 1/32 ($31.25) 1/32=$31.25
Nasdaq 100 CME $100 x Index value H,M,U,Z ND,ND=2 .05 pt ($5.00) 1 pt=$5.00
Nikkei 225 CME $5 x Ave H,M,U,Z NK 5 pts ($25.00) 1 pt=$5.00
NYSE Stock NYBT $500 x Index value H,M,U,Z YX .05 pt ($25.00) 1 pt=$5.00
S&P 500 CME $250 x Index value H,M,U,Z SP,SP=2 .10 pt ($25.00) 1 pt=$2.50
US Dollar Index NYBT $1000 x Index value H,M,U,Z DX .01 pt ($10.00) 1 pt=$10.00
Livestock:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Feeder Cattle CME 50K lbs F,H,J,Q,U,V,X FC 2.5 pts ($12.50) 1 pt=$5.00
Lean Hogs CME 40K lbs G,J,M,N,Q,V,Z LH 2.5 pts ($10.00) 1 pt=$4.00
Live Cattle CME 40K lbs G,J,M,Q,V,Z LC 2.5 pts ($10.00) 1 pt=$4.00
Pork Bellies CME 40K lbs G,H,K,N,Q PB 2.5 pts ($10.00) 1 pt=$4.00
Metals:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Copper COMX 25K lbs F,H,K,N,U,Z HG,HG=2 5 pts ($12.50) 1 cent=$250
Gold COMX 100 oz G,J,M,Q,V,Z GC,GC=2 10 pts ($10.00) $1 =$100
Palladium COMX 100 oz H,M,U,Z PA 5 pts ($1.00) 1 pt=$1.00
Silver COMX 5K oz F,H,K,N,U,Z SI,SI=2 50 pts ($25.00) 1 cent=$50.00
Mini Contracts:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Corn CBOT 1K bu H,K,N,U,Z YC 1/4 c/bu ($2.50) 1 cent=$10.00
Eurodollars eCBT $500K E$ H,M,U,Z YE .005 ($6.25) 1 pt=$12.50
Feeder Cattle CME 10,000 lbs F,H,J,K,Q,U,V,X XMF 0.001 ($10.00) 1 pt=$10.00
Lean Hogs CME 10,000 lbs G,J,M,N,Q,V,Z XHM 0.001 ($10.00) 1 pt=$10.00
Soybeans CBOT 1K bu F,H,K,N,Q,U,Z YK 1/4 c/bu ($2.50) 1 cent=$10.00
Wheat CBOT 1K bu H,K,N,U,Z YW 1/4 c/bu ($2.50) 1 cent=$10.00
Softs:
Commodity Exch Contract Size Delivery Months Symbol Min Fluctuation Point Value
Cocoa NYBT 10 metric tons H,K,N,U,Z CC $1/ton 1 pt=$10.00
Coffee NYBT 37.5k lbs H,K,N,U,Z KC .0005 ($18.25) 1 pt=$3.75
Cotton NYBT 50K lbs H,K,N,V,Z CT .001 ($5.00) 1 pt=$5.00
Lumber CME 110K board feet F,H,K,N,U,X LB .10/1K ($11.00) 1 pt=$.10
Orange Juice NYBT 15K lbs F,H,K,N,U,X JO .0005 ($7.50) 1 pt=$1.50
Sugar #11 NYBT 112K lbs H,K,N,V SB .0001 ($11.20) 1 pt=$11.20

Risk Warning: Trading in financial products always involves a risk. As a general rule, you should therefore only trade in financial products if you understand the products and the risks associated with them.