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February 21,2025 @09:00 AM
CME Group is sowing the seeds for new opportunities with the launch of Micro Ag futures on February 24, 2025. For the first time, traders can access five of the most popular agricultural commodities — Corn, Soybeans, Chicago Wheat, Soybean Oil, and Soybean Meal — in a smaller, more flexible contract size.
If you’ve considered trading agricultural futures but were deterred by capital requirements or the complexities of physical commodity delivery, Micro Ags may offer you an exciting new way for you to enter the market. With EdgeClear’s ultra-competitive rates—just $0.44 per side commission* on Micro Ag products—trading these new contracts is more accessible than you may have expected.
Every investment carries inherent risk of loss. A key advantage of Micro contracts is their ability to trade at 1/10th the size of standard contracts, lowering capital requirements while giving traders the flexibility to scale positions up or down with precision. Another key benefit is that Micro Ags will be financially settled, allowing retail traders to access the agricultural markets without the hassle and cost of managing a physical product. Whether you’re looking to diversify your portfolio or fine-tune your trading strategy, Micro Ags offer a lower-risk way to cultivate new opportunities in major crop markets.
Be among the first to trade CME’s Micro Ag futures with EdgeClear, the forward-thinking futures broker. Simply ask your EdgeClear broker for details on accessing Micro Ag futures.
If you don’t have an EdgeClear broker yet, fill in the information request below and we will assign one to you!
Contract Specifications:
MICRO CORN | MICRO SRW WHEAT | MICRO SOYBEANS | MICRO SOYBEAN MEAL | MICRO SOYBEAN OIL | |
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PRODUCT CODE | MZC | MZW | MZS | MZM | MZL |
CONTRACT SIZE | 500 Bushels (12.7 MT) | 500 Bushels (13.6 MT) | 500 Bushels (13.6 MT) | 10 Short Tons (9.1 MT) | 6,000 pounds (2.7 MT) |
MINIMUM TICK/PRICE FLUCTUATION | 1/2 of one cent ($0.005) per bushel | $0.20/short ton | 1/50 of one cent ($.0002)/lb | ||
VALUE OF ONE TICK | $2.50 per contract | $2.00 per contract | $1.20 per contract | ||
PRICE QUOTATION | Cents per bushel | Dollars and cents/ short ton | Cents per pound | ||
CONTRACT MONTHS | Mar, May, July, Sep, Dec | Jan, Mar, May, July, Aug, Sep, Nov | Jan, Mar, May, July, Aug, Sep, Oct, Dec | ||
TERMINATION OF TRADING | Trading terminates on option expiration day of the underlying standard size contract. For example, a July 2025 contract would financially settle on June 20, 2025. | ||||
SETTLEMENT (DAILY AND FINAL) | Financial settlement to standard size. Settlement can occur at a non-tradable tick increment. | ||||
SETTLEMENT TYPE | Bullet | ||||
TRADING HOURS | CME Globex: Sunday – Friday: 7:00 p.m. – 7:45 a.m. CT and Monday – Friday: 8:30 a.m. –
1:20 p.m. CT CME ClearPort: Sunday 5:00 p.m. – Friday 5:45 p.m. CT with no reporting Monday – Thursday from 5:45 p.m. – 6:00 p.m. CT |
Fee Break Down*:
EdgeClear Commissions: | $0.44 per contract |
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CME Group Exchange Fees: | $0.50 per contract |
NFA Fees: | $0.02 per contract |
TOTAL FEES: | $0.96 per contract |
**The views expressed are opinions, not financial advice.