Only one market will be crowned Champion …

Basketballs’ March Madness comes but once a year … but Futures Market Madness occurs every month. Here is how it works … at the end of each month we set the seeding for the markets. Forty futures markets, across eight diversified sectors, are available for the tournament, but only 16 will make the cut. The top eight performers and the bottom eight performers from the previous month will make the big dance. 

Seeding will be given to each market. Seeds 1 and 2 will be given to the top performers and seeds 3 and 4 will be given to the bottom performers. The top number 1 seed will go up against the bottom seed similar to March Madness. Seeding begin in the Midwest bracket followed clockwise by the East, South and West sections.  With the brackets set for the month … each market will battle its opponent on a weekly basis with the winners advancing. Markets that outperform their opponent, by even as much as by 0.01%, will move onto the next level until an overall champion is crowned.

Futures Market Madness will take four weeks to complete. Week one equates to the Sweet 16. Note the first week may be abbreviated, based on the calendar, so Cinderella markets could have a great opportunity to advance. The next three weeks will see winners move to the Elite Eight, Final Four and ultimately to the Finals, where a champion will be named Top Market for the month. 

Tournament Overview:

  • Seeding based on previous months performance (Orange)
  • Week 1: Sweet Sixteen (Tan)
  • Week 2: Elite Eight (Blue)
  • Week 3: Final Four (Gray)
  • Week 4: Championship Finals (Green)
  • The → arrow denotes weekly winners.

Futures Market Madness Bracket:

Click to enlarge.

FMM Factoid

How frequently does an upper seed market (rank 1 or 2) appear in the Championship game?

FMM Factoid Answer

An upper seed market appears in the Championship game 61% of the time.

Bonus: They win the Championship game 67.7% of the time and lose 32.3%.

FMM Factoid

Which market seed (1, 2, 3, or 4) wins the Championship game the most?

FMM Factoid Answer

The number two seed wins the Championship game 49.2% of the time

Bonus: Seed one wins 18.5% / Seed three wins 18.5% and Seed four wins 13.8%

FMM Factoid

Which market seed is the runner-up in the Championship game the most?

FMM Factoid Answer

The number two seed is runner-up in the Championship game 35.4% of the time

Bonus: Seed one is runner up 18.5% / seed three 24.6% and seed four 21.5%

FMM Factoid

Which market has the most appearances in the Championship game?

FMM Factoid Answer

Live Cattle (LC) has appeared in the Championship game 9 times; winning 7 of the games.

Bonus: Other appearances include Lumber (7), Soybean Meal (7) and Coffee (6) 

FMM Factoid

Which division has the most Championship game appearances?

FMM Factoid Answer

The South division has appeared 30.7% of the time in the Championship game

Bonus: Division appearances Midwest 27.7%, West 22.3% and East 19.2% 

FMM Factoid

Which division has won the Championship game the least?

FMM Factoid Answer

The East division has only won the Championship game 7.7% of the time

Bonus: Division winners South 15.4%, West 13.8% and Midwest 13.1%

Futures Market Madness – Championship Game Breakdown

Date Winner Division/Rank Runner Up Division/Rank Breakdown FMM Form
May 2020 Crude Oil Midwest [4] Live Cattle South [4] Lower/Lower FMM0520
Apr 2020 Can Govt Bond West [2] Five Yr. Notes East [2] Upper/Upper FMM0420
Mar 2020 Can Govt Bond South [2] Coffee Midwest [1] Upper/Upper FMM0320
Feb 2020 Britsh Pound East [3] RBOB Gasoline Midwest [3] Lower/Lower FMM0220
Jan 2020 Can Govt Bond East [4] Hang Seng Midwest [2] Lower/Upper FMM0120
Dec 2019 S&P 500 Index South [2] Sugar West [2] Upper/Upper FMM1219
Nov 2019 Bean Oil West [2] Live Cattle East [1] Upper/Upper FMM1119
Oct 2019 Live Cattle West [2] London Gas Oil South [2] Upper/Upper FMM1019
Sep 2019 Japanese Yen South [2] Natural Gas Midwest [2] Upper/Upper FMM0919
Aug 2019 Gold East [2] Coffee Midwest [4] Upper/Lower FMM0819
Jul 2019 Soybean Meal West [3] Corn South [3] Lower/Lower FMM0719
Jun 2019 Jpn Gov Bond Midwest [2] Lumber South [4] Upper/Lower FMM0619
May 2019 RBOB Gasoline Midwest [1] Crude Oil South [1] Upper/Upper FMM0519
Apr 2019 RBOB Gasoline East [1] Crude Oil West [2] Upper/Upper FMM0419
Mar 2019 Lean Hogs West [3] Cotton South [3] Lower/Lower FMM0319
Feb 2019 Russell 2000 West [1] London Gas Oil South [1] Upper/Upper FMM0219
Jan 2019 S&P 500 Index West [4] Crude Oil South [4] Lower/Lower FMM0119
Dec 2018 LME Lead Midwest [2] London Sugar South [3] Upper/Lower FMM1218
Nov 2018 Natural Gas West [1] S&P 500 Index East [3] Upper/Lower FMM1118
Oct 2018 Live Cattle Midwest [2] Sugar South [3] Upper/Lower FMM1018
Sep 2018 Soybean Meal Midwest [4] Copper South [3] Lower/Lower FMM0918
Aug 2018 S&P 500 Index Midwest [2] Wheat East [1] Upper/Upper FMM0818
Jul 2018 Wheat Midwest [3] Russell 2000 South [2] Lower/Upper FMM0718
Jun 2018 LME Lead West [2] Russell 2000 South [2] Upper/Upper FMM0618
May 2018 Paris CAC-40 West [2] Lumber East [1] Upper/Upper FMM0518
Apr 2018 Euro Bund West [2] Aluminum South [3] Upper/Lower FMM0418
Mar 2018 Japanese Yen Midwest [2] Corn East [2] Upper/Upper FMM0318
Feb 2018 Ten Year Notes East [3] KC Wheat West [2] Lower/Upper FMM0218
Jan 2018 Crude Oil Midwest [2] Lumber South [2] Upper/Upper FMM0118
Dec 2017 Russell 2000 South [2] Paris CAC-40 Midwest [3] Upper/Lower FMM1217
Nov 2017 LME Copper South [2] Natural Gas Midwest [4] Upper/Lower FMM1117
Oct 2017 Lumber Midwest [1] LME Copper South [3] Upper/Lower FMM1017
Sep 2017 Aluminum South [1] London Gas Oil Midwest [2] Upper/Upper FMM0917
Aug 2017 LME Copper South [2] DAX Index Midwest [3] Upper/Lower FMM0817
Jul 2017 Coffee South [3] Paris CAC-40 Midwest [3] Lower/Lower FMM0717
Jun 2017 Euro West [1] DAX Index South [2] Upper/Upper FMM0617
May 2017 Gold South [2] Can Gov Bond West [2] Upper/Upper FMM0517
Apr 2017 Live Cattle South [2] Soybean Meal West [4] Upper/Lower FMM0417
Mar 2017 Live Cattle South [2] Coffee West [4] Upper/Lower FMM0317
Feb 2017 London Gas Oil South [3] Aluminum West [2] Lower/Upper FMM0217
Jan 2017 LME Zinc South [3] LME Lead Midwest [4] Lower/Lower FMM0117
Dec 2016 Live Cattle East [2] Japanese Yen West [4] Upper/Lower FMM1216
Nov 2016 Lean Hogs East [1] Coffee Midwest [1] Upper/Upper FMM1116
Oct 2016 Soybean Meal South [4] Canadian Dollar Midwest [3] Lower/Lower FMM1016
Sep 2016 Copper West [3] Soybean Meal East [4] Lower/Lower FMM0916
Aug 2016 Hang Seng South [2] S&P 500 Index Midwest [2] Upper/Upper FMM0816
Jul 2016 LME Zinc West [2] London Sugar East [1] Upper/Upper FMM0716
Jun 2016 Australian Dollar South [3] London Sugar Midwest [2] Lower/Upper FMM0616
May 2016 Live Cattle Midwest [4] Coffee East [4] Lower/Lower FMM0516
Apr 2016 Aluminum South [4] Australian Dollar Midwest [2] Upper/Lower FMM0416
Mar 2016 Lumber West [1] Sugar South [1] Upper/Upper FMM0316
Feb 2016 Ten Yr. Note West [1] Gold East [1] Upper/Upper FMM0216
Jan 2016  London Sugar South [1] Soybean Meal West [4] Upper/Lower FMM0116
Dec 2015 Copper Midwest [4] LME Copper East [4] Lower/Lower FMM1215
Nov 2015 Corn East [3] London Sugar Midwest [2] Lower/Upper FMM1115
Oct 2015 Lumber West [2] London Sugar East [1] Upper/Upper FMM1015
Sep 2015 Ten Yr. Notes Midwest [2] Jpn. Gov Bond South [2] Upper/Upper FMM0915
Aug 2015 Dollar Index South [2] KC Wheat West [3] Upper/Lower FMM0815
Jul 2015 Soybean Meal East [1] Soybeans West [2] Upper/Upper FMM0715
Jun 2015 Live Cattle East [2] Lumber Midwest [1] Upper/Upper FMM0615
May 2015 London Gas Oil West [2] LME Zinc South [2] Upper/Upper FMM0515
Apr 2015 Russell 2000 Midwest [2] Sugar East [4] Upper/Lower FMM0415
Mar 2015 Gold South [3] LME Zinc Midwest [3] Lower/Lower FMM0315
Feb 2015 LME Copper Midwest [4] Lonson Gas Oil East [3] Lower/Lower FMM0215
Jan 2015 Can Gov Bond Midwest [2] Gold East [2]  Upper/Upper FMM0115

FMM Factoid

The wildest FMM bracket

FMM Factoid Answer

The wildest Futures Market Madness occurred in the Dec 2016 bracket.

  • 4 Buzzer Beaters
  • 9 Upsets
  • 5 Blowouts

FMM Factoid

The biggest Championship game blowout

FMM Factoid Answer

The biggest Championship blowouts

  • May 2020 Crude Oil +13.64% vs Live Cattle +.72%
  • Nov 2017 LME Copper +3.32% vs Natural Gas -8.25%

FMM Factoid

The closest Championship game

FMM Factoid Answer

The closest Championship game

  • Dec 2017 Russell 2000 +.45 vs Paris CAC-40 +.42
  • Jan 2017 LME Zinc -.68 vs LME Lead -.91
Midwest Division 33%
Midwest Division 33%