Micro Ag futures
Harvest grain and oilseed opportunities with Micro Ag futures for precise exposure to the corn, wheat, soybean, soybean oil and soybean meal markets.
Reap agricultural market opportunities with smaller, more accessible contracts
Micro Ag futures are smaller-sized products at 1/10 the size of their respective standard contracts for precise exposure to global grains and oilseeds. Agricultural market opportunities are more accessible than ever with lower capital requirements. Trade Micro Corn, Wheat, Soybeans, Soybean Oil and Soybean Meal futures to diversify your portfolio and produce opportunities from major crops that feed the world.
Why trade Micro Ag futures?
Less capital, more opportunities
Micro contracts trade at 1/10 the size of the standard contracts, allowing you to scale up or down with precision.
Financially settled
Trade the Agricultural markets without the hassle and cost of managing the physical product.
Diversify your portfolio
Cultivate opportunities from major crops that feed the world and capture volatility in correlating energy markets.
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Contract specifications
|
| Micro Corn | Micro SRW Wheat | Micro Soybeans | Micro Soybean Meal | Micro Soybean Oil | |
|---|---|---|---|---|---|---|
|
Contract size (1/10) of standard size Contracts |
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 fluctuation |
1/2 of one cent ($0.005) per bushel |
$0.20/short ton |
1/50 of one cent ($.0002)/lb | |||
|
Dollar value of one tick |
$2.50 |
$2.00 |
$1.20 | |||
|
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 | |||||
|
Product Codes
|
CME Globex |
MZC | MZW |
MZS |
MZM |
MZL |
|
Bloomberg |
QZCA Comdty | KZWA Comdty |
VMIA Comdty |
XMWA Comdty |
VMLA Comdty | |
|
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 | ||||||
Vendor codes
| Name/Venues/Symbols | CME Group Codes | Bloomberg | CQG | DTN, Inc | Fidessa (ION) | FIS Global | ION Group | Itiviti | Refinitiv | Trading Technologies | Vela Trading Systems | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product Name | Globex | Clearport | All Venues | Composite | All Venues | All Venues | ||||||
| Micro Corn Futures | MZC | MZC | QZCA Comdty | MZC | @MZC | MZC | MZC | MZC | MZC | MZC | MZC | MZC |
| Micro Soybean Futures | MZS | MZS | VMIA Comdty | MZS | @MZS | MZS | MZS | MZS | MZS | MZS | MZS | MZS |
| Micro Wheat Futures | MZW | MZW | KZWA Comdty | MZW | @MZW | MZW | MZW | MZW | MZW | MZW | MZW | MZW |
| Micro Soybean Oil Futures | MZL | MZL | VMLA Comdty | MZL | @MZL | MZL | MZL | MZL | MZL | MZL | MZL | MZL |
| Micro Soybean Meal Futures | MZM | MZM | XMWA Comdty | MZM | @MZM | MZM | MZM | MZM | MZM | MZM | MZM | MZM |
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