Intercontinental Exchange : Margin Update for ICE Futures U.S. Cotton Contracts
ICE
Published on 04/30/2026 at 08:07 pm EDT
ICE Futures U.S.
30 April 2026
The Exchange is changing the margin requirements for the contract listed below effective at the close of business on April 30, 2026. Accordingly, Firms carrying accounts with positions in the following contracts should be collecting margin using the updated ICE® Risk Model margin parameters:
Commodity Code
Market
Expiry
Initial Margin Requirement
Prior Initial Margin Requirement
Difference
CT
Cotton No. 2 Futures
May 26
1,810 USD
1,215 USD
595 USD
CT
Cotton No. 2 Futures
Jul 26
1,470 USD
1,175 USD
295 USD
CT
Cotton No. 2 Futures
Oct 26
1,375 USD
1,160 USD
215 USD
CT
Cotton No. 2 Futures
Dec 26
1,355 USD
950 USD
405 USD
CT
Cotton No. 2 Futures
Mar 27
1,185 USD
895 USD
290 USD
CT
Cotton No. 2 Futures
May 27
1,155 USD
865 USD
290 USD
CT
Cotton No. 2 Futures
Jul 27
830 USD
745 USD
85 USD
CT
Cotton No. 2 Futures
Dec 27
490 USD
476 USD
14 USD
CT
Cotton No. 2 Futures
Mar 28
500 USD
457 USD
43 USD
CT
Cotton No. 2 Futures
May 28
485 USD
469 USD
16 USD
CT
Cotton No. 2 Futures
Jul 28
490 USD
478 USD
12 USD
CT
Cotton No. 2 Futures
Oct 28
505 USD
500 USD
5 USD
CT
Cotton No. 2 Futures
Dec 28
530 USD
517 USD
13 USD
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Commodity Code
Market
Leg1 Expiry
Leg2 Expiry
Initial Margin Requirement
Prior Initial Margin Requirement
Difference
CT
Cotton No. 2 Futures
May 26
Oct 26
476 USD
413 USD
63 USD
CT
Cotton No. 2 Futures
May 26
Dec 26
476 USD
407 USD
69 USD
CT
Cotton No. 2 Futures
May 26
Mar 27
524 USD
448 USD
76 USD
CT
Cotton No. 2 Futures
May 26
May 27
569 USD
517 USD
52 USD
CT
Cotton No. 2 Futures
May 26
Oct 27
1,224 USD
997 USD
227 USD
CT
Cotton No. 2 Futures
Oct 26
Oct 27
910 USD
756 USD
154 USD
CT
Cotton No. 2 Futures
Dec 26
Oct 27
866 USD
677 USD
189 USD
CT
Cotton No. 2 Futures
Mar 27
Oct 27
850 USD
502 USD
348 USD
CT
Cotton No. 2 Futures
May 27
Oct 27
818 USD
439 USD
379 USD
Commodity Code
Market
Leg1 Expiry
Leg2 Expiry
Leg3 Expiry
Initial Margin Requirement
Prior Initial Margin Requiremen
t
Difference
CT
Cotton No. 2 Futures
May 26
Jul 26
Oct 26
553 USD
529 USD
24 USD
CT
Cotton No. 2 Futures
Dec 26
Mar 27
May 27
202 USD
192 USD
10 USD
CT
Cotton No. 2 Futures
Mar 27
May 27
Jul 27
603 USD
225 USD
378 USD
CT
Cotton No. 2 Futures
May 27
Jul 27
Oct 27
722 USD
280 USD
442 USD
CT
Cotton No. 2 Futures
Jul 27
Oct 27
Dec 27
611 USD
562 USD
49 USD
CT
Cotton No. 2 Futures
Dec 27
Mar 28
May 28
211 USD
191 USD
20 USD
CT
Cotton No. 2 Futures
Mar 28
May 28
Jul 28
212 USD
208 USD
4 USD
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A complete grid of margin rates for all ICE Futures U.S. Agricultural, Index, and Financial Products can be accessed by Click here for 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.
FOR MORE INFORMATION
ICE Clear US
(212) 748-4001
(312) 836-6777
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Disclaimer
ICE - Intercontinental Exchange Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 23:47 UTC.