Intercontinental Exchange : Margin Update for ICE Futures U.S. FCOJ Contracts
ICE
ICE Futures U.S.
14 April 2025
MARGIN UPDATE FOR ICE FUTURES U.S. FCOJ CONTRACTS
The Exchange is changing the margin requirements for the contract listed below effective at the close of business on April 14, 2025. Accordingly, Firms carrying accounts with positions in the following contracts should be collecting margin using the updated ICE® Risk Model margin parameters:
*** MARGIN UPDATE EFFECTIVE APRIL 14, 2025 ***
Commodity
Market
Expiry
Initial Margin
Prior Initial Margin
Difference
Code
Requirement
Requirement
OJ
Frozen Concentrated
May 25
6,270 USD
4,902 USD
1,368 USD
Orange Juice
OJ
Frozen Concentrated
Jul 25
5,675 USD
4,432 USD
1,243 USD
Orange Juice
OJ
Frozen Concentrated
Sep 25
5,085 USD
4,063 USD
1,022 USD
Orange Juice
OJ
Frozen Concentrated
Nov 25
5,144 USD
4,167 USD
977 USD
Orange Juice
OJ
Frozen Concentrated
Jan 26
5,384 USD
4,374 USD
1,010 USD
Orange Juice
OJ
Frozen Concentrated
Mar 26
4,802 USD
3,931 USD
871 USD
Orange Juice
OJ
Frozen Concentrated
May 26
4,628 USD
3,870 USD
758 USD
Orange Juice
OJ
Frozen Concentrated
Jul 26
4,571 USD
3,870 USD
701 USD
Orange Juice
OJ
Frozen Concentrated
Sep 26
4,497 USD
3,872 USD
625 USD
Orange Juice
OJ
Frozen Concentrated
Nov 26
4,508 USD
3,873 USD
635 USD
Orange Juice
OJ
Frozen Concentrated
Jan 27
4,541 USD
3,875 USD
666 USD
Orange Juice
OJ
Frozen Concentrated
Mar 27
4,491 USD
3,849 USD
642 USD
Orange Juice
OJ
Frozen Concentrated
May 27
4,457 USD
3,855 USD
602 USD
Orange Juice
OJ
Frozen Concentrated
Jul 27
4,458 USD
3,856 USD
602 USD
Orange Juice
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Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use
Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.
OJ
Frozen Concentrated
Sep 27
4,458 USD
3,856 USD
602 USD
Orange Juice
Commodity
Market
Expiry
Initial Margin
Prior Initial Margin
Difference
Code
Requirement
Requirement
OJ
Frozen Concentrated
Nov 27
4,458 USD
3,856 USD
602 USD
Orange Juice
OJ
Frozen Concentrated
Jan 28
4,449 USD
3,852 USD
597 USD
Orange Juice
OJ
Frozen Concentrated
Mar 28
4,449 USD
3,852 USD
597 USD
Orange Juice
Commodity
Market
Leg1
Leg2
Initial Margin
Prior Initial Margin
Difference
Code
Expiry
Expiry
Requirement
Requirement
OJ
Frozen Concentrated
May 25
Jul 25
928 USD
769 USD
159 USD
Orange Juice
OJ
Frozen Concentrated
May 25
Sep 25
1,360 USD
1,210 USD
150 USD
Orange Juice
Commodity
Volatility
Prior Volatility
Market
Expiry
Scan Range
Scan Range
Difference
Code
- Down
- Down
OJ
Frozen Concentrated
May 25
17.99%
15.36%
2.63%
Orange Juice
A complete grid of margin rates for all ICE Futures U.S. Agricultural, Index, and Financial Products can be accessed by Click herefor a link.
For each of the IFUS Contracts, ICE Clear U.S. ("ICUS") determines the margin rate that is charged to clearing members that carry positions in these contracts. The Exchange minimum margin requirements for outright and straddle positions are based upon the ICUS margin rate charged to clearing members, as follows:
For all accounts, clearing members are required to identify categories of customers with heightened risk profiles and collect initial margin for each account at a level that exceeds the specified clearing original margin requirement by an amount commensurate with the risk presented by each such account. Exchange Carrying Firms are required to collect initial margin on this same basis.
For all accounts, the Exchange minimum Maintenance Margin is equal to the ICUS Margin rate for each respective IFUS Contract.
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© 2025 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock
Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use
Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.
FOR MORE INFORMATION
ICE Clear US
View All Notices / Contact Us /Media Inquiries
© 2025 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated companies: Intercontinental Exchange, ICE, New York Stock
Exchange and NYSE. For more information regarding trademarks owned by Intercontinental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms-of-use
Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key information Documents (KIDS)," commencing January 1, 2019.
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ICE - Intercontinental Exchange Inc. published this content on April 14, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 14, 2025 at 21:02 UTC.