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P C M O F M O N T A N A 4 0 6 . 3 8 8 . 1 5 4 5

M A R G I N G U I D E

Effective Date: 9/9/2024

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	08/02/24	1320	1200	440	400
YC	Mini Corn	08/02/24	264	240	88	80
S	Soybeans	08/02/24	2420	2200	1100	1000
YK	Mini Soybeans	08/02/24	484	440	220	200
06	Soybean Meal	08/02/24	2200	2000	880	800
07	Soybean Oil	08/02/24	1870	1700	770	700
W	Wheat	08/02/24	2090	1900	550	500
YW	Mini Wheat	08/02/24	418	380	110	100
KW	KC Wheat	08/02/24	2090	1900	825	750
O	Oats	02/23/24	1540	1400	1100	1000
14	Rough Rice	07/02/24	1733	1575	1843	1675
EH	Ethanol	09/06/24	5390	4900	3190	2900
	CBOT - FINANCIAL
17	30Year US Bond	06/21/24	4070	3700	275	250
21	10Year US Note	06/21/24	2200	2000	220	200
25	5Year US Note	06/21/24	1430	1300	176	160
26	2Year US Note	08/06/24	1265	1150	187	170
	CME - AG
48	Live Cattle	11/10/23	2695	2450	880	800
62	Feeder Cattle	04/12/24	4538	4125	1210	1100
LN	Lean Hogs	09/08/23	1650	1500	1760	1600
DK	Milk (Class IV)	06/30/23	770	700	1595	1450
DA	Milk (Class III)	06/21/24	1320	1200	2046	1860
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	08/05/24	15180	13800	165	150
YM	Mini $5 Dow	08/05/24	10780	9800	385	350
NQ	Mini Nasdaq 100	08/05/24	23100	21000	275	250
ME	Mini S+P 400 Midcap	08/05/24	19250	17500	682	620
SG	S+P Growth Index	08/05/24	51590	46900	1650	1500
SU	S+P Value Index	08/05/24	24310	22100	1980	1800
RTY	Russell 2000 Index	08/05/24	7920	7200	132	120
GI	GSCI	02/16/24	7700	7000	4510	4100
NK	Nikkei 225	08/09/24	13200	12000	1320	1200
	CME - CURRENCY
AD	Australian Dollar	06/07/24	1595	1450	55	50
BP	British Pound	06/07/24	2090	1900	66	60
C1	Canadian Dollar	11/03/23	1100	1000	50	45
J1	Japanese Yen	08/09/24	3520	3200	110	100
E1	SwissFranc	01/05/24	4070	3700	198	180
EC	Euro Currency	11/03/23	2310	2100	99	90
MP	Mexican Peso	06/14/24	1980	1800	44	40
RA	South African Rand	11/03/23	1540	1400	54	49
BR	Brazilian Real	06/07/24	935	850	220	200
NE	New Zealand Dollar	06/07/24	1540	1400	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	08/29/24	6050	5500	1100	1000
GC	Gold	08/23/24	11550	10500	330	300
SI	Silver (x1.25)	08/23/24	11550	10500	330	300
	NYMEX - ENERGY
CL	Crude Oil	08/18/23	7260	6600	633	575
QM	Mini - WTI Crude	08/20/24	3630	3300	316	288
HO	Heating Oil	08/20/24	6820	6200	1100	1000
QH	Mini - Heating Oil	08/30/24	3410	3100	550	500
RB	RBOB Gas	08/30/24	8690	7900	1320	1200
QU	Mini - RBOB Gas	08/30/24	4345	3950	660	600
NG	Natual Gas	08/18/23	6050	5500	715	650
QG	Mini - Natural Gas	08/28/24	1513	1375	179	163
	NYMEX - METAL
PL	Platinum	07/19/24	3080	2800	495	450
PA	Palladium	07/19/24	11550	10500	1650	1500
	MGE
MW	Red Spring Wheat	08/20/24	2090	1900	550	500
	NYBOT - SOFTS
KC	Coffee	09/02/24	7310	6645	574	522
SB	Sugar	08/23/24	1306	1187	206	187
CC	Cocoa	09/02/24	16797	15270	2564	2331
CT	Cotton	08/23/24	2305	2095	972	883
OJ	Frozen Orange Juice	09/02/24	4125	3750	927	842
	NYBOT - CURRENCY
DX	Dollar Index	09/02/24	1729	1572	230	209

	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
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. The risk of loss when trading futures and options is substantial. Each investor must consider whether this is a suitable investment. Past performance isnot indicative of future results.