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Commodity Contract Value Calculator

Work out commodity contract value instantly with clear inputs, formula shown and shareable results.

About Commodity Contract Value Calculator

A commodity contract's value is the quoted price times the contract size, so a small price move translates into a large currency amount. Margin is a fraction of that notional, which is where the leverage comes from.

Formula

Contract value

Notional = price × contract size × contracts; margin = notional × margin %

Worked example

With the default values below, Commodity Contract Value Calculator returns Total Notional Value of $2,040,000.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Price Per Unitminimum 0
6,800
Units Per Contractaccepts 1–1,000,000
100
Number Of Contractsaccepts 1–10,000
3
Margin Requirementaccepts 0.5–100 %
8 %

Results

Total Notional Value
$2,040,000.00
Value Of One Contract
$680,000.00
Margin Required
$163,200.00
Effective Leverage
12.50

Step by step

  1. 1Values used
  2. 2Contract value
  3. 3Total Notional Value= 2,040,000.00
  4. 4Value Of One Contract= 680,000.00
  5. 5Margin Required= 163,200.00
  6. 6Effective Leverage= 12.50

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.
  • This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.

Frequently Asked Questions

Why does contract size matter so much?

It sets the currency value of each tick. The same price move means very different money across contracts.

Is physical delivery a risk?

For contracts held into the delivery window, yes. Most speculative positions are rolled or closed before then.

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