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The following is a list of futures contracts on physically traded commodities .
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The following is a list of futures contracts on physically traded commodities .
Symbol from [1]
| Commodity | Main exchange | MIC | Contract size | Symbol |
|---|---|---|---|---|
| Corn | CBOT | XCBT | 5000 bu | C/ZC (Electronic) |
| Corn | EURONEXT | 50 tons | EMA | |
| Corn | DCE | XDCE | 10 metric tons | c |
| Oats | CBOT | XCBT | 5000 bu | O/ZO (Electronic) |
| Rough Rice | CBOT | XCBT | 2000 cwt | ZR |
| Soybeans | CBOT | XCBT | 5000 bu | S/ZS (Electronic) |
| No 2. Soybean | DCE | XDCE | 10 metric tons | b |
| Rapeseed | EURONEXT | 50 tons | ECO | |
| Soybean Meal | CBOT | XCBT | 100 short tons | SM/ZM (Electronic) |
| Soy Meal | DCE | XDCE | 10 metric tons | m |
| Soybean Oil | CBOT | XCBT | 60,000 lb | BO/ZL (Electronic) |
| Soybean Oil | DCE | XDCE | 10 metric tons | y |
| Wheat | CBOT | XCBT | 5000 bu | W/ZW (Electronic) |
| Wheat | EURONEXT | 50 tons | EBL | |
| Milk | CME | XCME | 200,000 lbs | DC |
| Cocoa | ICE | IEPA | 10 tons | CC |
| Coffee C | ICE | IEPA | 37,500 lb | KC |
| Cotton No.2 | ICE | IEPA | 50,000 lb | CT |
| Sugar No.11 | ICE | IEPA | 112,000 lb | SB |
| Sugar No.14 | ICE | IEPA | 112,000 lb | SE |
| Frozen Concentrated Orange Juice | ICE | IEPA | 15,000 lbs | FCOJ-A |
| Adzuki bean | OSE | XOSE | 2400 kg | |
| Robusta coffee | ICE | IEPA | 10,000kg | |
| Commodity | Contract size | Currency | Main exchange | Symbol |
|---|---|---|---|---|
| Lean Hogs | 40,000 lb (20 tons) | USD ($) | Chicago Mercantile Exchange | HE |
| Live Cattle | 40,000 lb (20 tons) | USD ($) | Chicago Mercantile Exchange | LE |
| Feeder Cattle | 50,000 lb (25 tons) | USD ($) | Chicago Mercantile Exchange | GF |
| Commodity | Contract size | Currency | Main exchange | Symbol |
|---|---|---|---|---|
| Class III Milk | 200,000 lb | USD ($) | Chicago Mercantile Exchange | DC |
| Cash-settled Butter | 20,000 lb (~9 metric tons) | USD ($) | Chicago Mercantile Exchange | CB |
| Non-fat Dry Milk | 44,000 lb (~22 metric tons) | USD ($) | Chicago Mercantile Exchange | GNF |
| Whole milk powder | 1 metric ton | USD ($) | Singapore Exchange | WMP |
| Skim Milk Powder | 1 metric ton | USD ($) | Singapore Exchange | SMP |
| Commodity | Main exchange | Contract size | Symbol |
|---|---|---|---|
| WTI Crude Oil | NYMEX, ICE | 1000 bbl (42,000 U.S. gal) | CL (NYMEX), WTI (ICE) |
| Brent Crude | ICE | 1000 bbl (42,000 U.S. gal) | B |
| Ethanol | CBOT | 29,000 U.S. gal | AC (Open Auction) ZE (Electronic) |
| Natural gas | NYMEX | 10,000 million BTU | NG |
| Natural gas | ICE | 1,000 therms | NBP |
| Heating Oil | NYMEX | 1000 bbl (42,000 U.S. gal) | HO |
| Gulf Coast Gasoline | NYMEX | 1000 bbl (42,000 U.S. gal) | LR |
| RBOB Gasoline (reformulated gasoline blendstock for oxygen blending) | NYMEX | 1000 bbl (42,000 U.S. gal) | RB |
| Propane | NYMEX | 1000 bbl (42,000 U.S. gal) | PN |
| Purified Terephthalic Acid (PTA) | ZCE | 5 tons | TA |
| Commodity | Main exchange | Contract size | Symbol |
|---|---|---|---|
| Random Length Lumber | Chicago Mercantile Exchange | 110,000 nominal board feet | LBS |
| Hardwood Pulp [4] | Chicago Mercantile Exchange | 20 metric tonnes | HWP |
| Softwood Pulp [4] | Chicago Mercantile Exchange | 20 metric tonnes | WP |
| Commodity | Contract size | Currency | Main exchange | Symbol |
|---|---|---|---|---|
| LME Copper | Metric Ton | USD ($) | London Metal Exchange, New York | HG |
| Lead | Metric Ton | USD ($) | London Metal Exchange | |
| Zinc | Metric Ton | USD ($) | London Metal Exchange | |
| Tin | Metric Ton | USD ($) | London Metal Exchange | |
| Aluminium | Metric Ton | USD ($) | London Metal Exchange, New York | |
| Aluminium alloy | Metric Ton | USD ($) | London Metal Exchange | |
| LME Nickel | Metric Ton | USD ($) | London Metal Exchange | |
| Cobalt | Metric Ton | USD ($) | London Metal Exchange | |
| Molybdenum | Metric Ton | USD ($) | London Metal Exchange |
| Commodity | Contract size | Currency | Main exchange | Symbol |
|---|---|---|---|---|
| Gold | 100 troy ounces | USD ($) | COMEX | GC |
| Platinum | 50 troy ounces | USD ($) | NYMEX | PL |
| Palladium | 100 troy ounces | USD ($) | NYMEX | PA |
| Silver | 5,000 troy ounces | USD ($) | COMEX | SI |
| Commodity | Contract size | Currency | Main exchange |
|---|---|---|---|
| Palm Oil | 1000 kg | Malaysian Ringgit (RM) | Bursa Malaysia |
| Rubber | 5000 kg | US cents (¢) | Osaka Exchange |
| Wool | 2500 kg | AUD ($) | ASX |
| Amber | 1 kg | Rub (₽) | Saint Petersburg "Bourse" |
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The International Monetary Market (IMM), a related exchange created within the old Chicago Mercantile Exchange and largely the creation of Leo Melamed, was one of four divisions of the CME Group (CME), the largest futures exchange in the United States, for the trading of futures contracts and options on futures. The IMM was started in December 1971, foreign exchange futures was started on May 16, 1972, and the IMM was merged into the CME in 1986. Two of the more prevalent contracts traded are currency futures and interest rate futures, specifically, 3-month Eurodollar time deposits and 90-day U.S. Treasury bills. The other two CME divisions includes the Index and Option Market (IOM) and Growth and Emerging Markets (GEM). All products fall under one of these three divisions.
In finance, a futures contract is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the forward price or delivery price. The specified time in the future when delivery and payment occur is known as the delivery date. Because it derives its value from the value of the underlying asset, a futures contract is a derivative.
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic trading venues, details of standardized contracts, market and price data, clearing houses, exchange self-regulations, margin mechanisms, settlement procedures, delivery times, delivery procedures and other services to foster trading in futures contracts. Futures exchanges can be organized as non-profit member-owned organizations or as for-profit organizations. Futures exchanges can be integrated under the same brand name or organization with other types of exchanges, such as stock markets, options markets, and bond markets. Non-profit member-owned futures exchanges benefit their members, who earn commissions and revenue acting as brokers or market makers. For-profit futures exchanges earn most of their revenue from trading and clearing fees.
The Chicago Mercantile Exchange (CME) is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. For most of its history, the exchange was in the then common form of a non-profit organization, owned by members of the exchange. The Merc demutualized in November 2000, went public in December 2002, and merged with the Chicago Board of Trade in July 2007 to become a designated contract market of the CME Group Inc., which operates both markets. The chairman and chief executive officer of CME Group is Terrence A. Duffy, Bryan Durkin is president. On August 18, 2008, shareholders approved a merger with the New York Mercantile Exchange (NYMEX) and COMEX. CME, CBOT, NYMEX, and COMEX are now markets owned by CME Group. After the merger, the value of the CME quadrupled in a two-year span, with a market cap of over $25 billion.
The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges now operate as designated contract markets (DCM) of the CME Group.
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City.
ICE Futures U.S.—known as the New York Board of Trade (NYBOT) until September, 2007— is a physical commodity futures exchange located in New York City. It is a wholly owned subsidiary of Intercontinental Exchange (ICE).
Singapore Exchange Limited is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. it is ASEAN's second largest market capitalization after Indonesia Stock Exchange at US$585.97 billion as of September 2023.
A currency future, also known as an FX future or a foreign exchange future, is a futures contract to exchange one currency for another at a specified date in the future at a price that is fixed on the purchase date; see Foreign exchange derivative. Typically, one of the currencies is the US dollar. The price of a future is then in terms of US dollars per unit of other currency. This can be different from the standard way of quoting in the spot foreign exchange markets. The trade unit of each contract is then a certain amount of other currency, for instance €125,000. Most contracts have physical delivery, so for those held at the end of the last trading day, actual payments are made in each currency. However, most contracts are closed out before that. Investors can close out the contract at any time prior to the contract's delivery date.
An interest rate future is a financial derivative with an interest-bearing instrument as the underlying asset. It is a particular type of interest rate derivative.
A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contracts include futures, options, and similar financial derivatives. Clients who trade commodity contracts are either hedgers using the derivatives markets to manage risk, or speculators who are willing to assume that risk from hedgers in hopes of a profit.
Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange, equity options exchanges and OTC energy, credit and equity markets.
CME Group Inc. is a financial services company. Headquartered in Chicago, the company operates financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange. The company also owns 27% of S&P Dow Jones Indices. It is the world's largest operator of financial derivatives exchanges. Its exchanges are platforms for trading in agricultural products, currencies, energy, interest rates, metals, futures contracts, options, stock indexes, and cryptocurrencies futures.
The Dubai Mercantile Exchange (DME) is a commodity exchange based in Dubai currently listing its flagship futures contract, DME Oman Crude Oil Futures Contract (OQD). Launched in 2007, the DME aims to become the crude oil pricing benchmark for the Asian market with its Oman Crude Oil contract, like the Intercontinental Exchange’s (ICE) North Sea Brent is to Europe and the New York Mercantile Exchange’s (NYMEX) West Texas Intermediate is to North America.
NASDAQ futures are financial futures which launched on June 21, 1999. It is the financial contract futures that allow an investor to hedge with or speculate on the future value of various components of the NASDAQ market index.
Marex is a UK-based financial services company. The company's clients are predominantly commodity producers and consumers, banks, hedge funds, asset managers, broking houses, commodity trading advisors and professional traders. Marex currently has over 1,800 employees and 36 offices across Europe, USA and APAC.
OneChicago was a US-based all-electronic futures exchange with headquarters in Chicago, Illinois. The exchange offered approximately 12,509 single-stock futures (SSF) products with names such as IBM, Apple and Google. All trading was cleared through Options Clearing Corporation (OCC). The OneChicago exchange closed in September 2020.
Launched by the Dubai Mercantile Exchange (DME) on 1 June 2007, the DME Oman Crude Oil Futures Contract (OQD) is the Asian crude oil pricing benchmark. The contract is traded on the CME Group’s electronic platform CME Globex, and cleared through CME Clearport.
ICE Clear Credit LLC, a Delaware limited liability company, is a Derivatives Clearing Organisation (DCO) previously known as ICE Trust US LLC which was launched in March 2009. ICE offers trade execution and processing for the credit derivatives markets through Creditex and clearing through ICE Trust™. ICE Clear Credit LLC operates as a central counterparty (CCP) and clearinghouse for credit default swap (CDS) transactions conducted by its participants. ICE Clear Credit LLC is a subsidiary of IntercontinentalExchange (ICE). ICE Clear Credit LLC is a wholly owned subsidiary of ICE US Holding Company LP which is "organized under the law of the Cayman Islands but has consented to the jurisdiction of United States courts and government agencies with respect to matters arising out of federal banking laws."