<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ta/tatwofiler" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0606</schemaVersion>
  <headerData>
    <submissionType>TA-2</submissionType>
    <filerInfo>
      <periodOfReport>2025-12-31</periodOfReport>
      <filer>
        <fileNumber>084-06079</fileNumber>
        <filerCredentials>
          <cik>0001237208</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <testOrLive>LIVE</testOrLive>
      <entityName>DEARBORN CAPITAL MANAGEMENT LLC</entityName>
    </filerInfo>
  </headerData>
  <formData>
    <engagedServiceCompany>
      <serviceCompany>None</serviceCompany>
      <registrantEngagedService>N</registrantEngagedService>
    </engagedServiceCompany>
    <registrantRegulatoryAgency>
      <regulatoryAgency>Securities and Exchange Commission</regulatoryAgency>
      <amendmentFiled>No, failed to file amendment(s)</amendmentFiled>
      <additionalInformation>The Registrant failed to timely amend its previous TA-1/A dated April 1, 2015. The Registrant filed an amended Form TA-1 on July 11, 2025 correcting the inaccuracies.</additionalInformation>
    </registrantRegulatoryAgency>
    <serviceCompanyData>
      <numberItemsReceivedForTransfer>17</numberItemsReceivedForTransfer>
      <numberMasterSecurityHolderFilings>907</numberMasterSecurityHolderFilings>
      <numberIndividualAccounts>907</numberIndividualAccounts>
      <numberDivReinvDirPurPlanAccounts>0</numberDivReinvDirPurPlanAccounts>
      <numberDirectRegistSystemAccounts>0</numberDirectRegistSystemAccounts>
      <securityHolderAccounts>
        <equitySecurity>0.00</equitySecurity>
        <debtSecurity>0.00</debtSecurity>
        <openEndInvestmentCompany>0.00</openEndInvestmentCompany>
        <limitedPartnership>100.00</limitedPartnership>
        <municipalDebt>0.00</municipalDebt>
        <other>0.00</other>
      </securityHolderAccounts>
      <securityHolderData>
        <transMaintainMasterSecHolder>
          <equitySecurity>0</equitySecurity>
          <debtSecurity>0</debtSecurity>
          <openEndInvestmentCompany>0</openEndInvestmentCompany>
          <limitedPartnership>1</limitedPartnership>
          <municipalDebt>0</municipalDebt>
          <other>0</other>
        </transMaintainMasterSecHolder>
        <transNotMaintMasterSecHolder>
          <equitySecurity>0</equitySecurity>
          <debtSecurity>0</debtSecurity>
          <openEndInvestmentCompany>0</openEndInvestmentCompany>
          <limitedPartnership>0</limitedPartnership>
          <municipalDebt>0</municipalDebt>
          <other>0</other>
        </transNotMaintMasterSecHolder>
        <notTransMaintMasterSecHolder>
          <equitySecurity>0</equitySecurity>
          <debtSecurity>0</debtSecurity>
          <openEndInvestmentCompany>0</openEndInvestmentCompany>
          <limitedPartnership>0</limitedPartnership>
          <municipalDebt>0</municipalDebt>
          <other>0</other>
        </notTransMaintMasterSecHolder>
        <dividendReinvDirectPurchasePlan>0</dividendReinvDirectPurchasePlan>
        <directRegistrationSystem>0</directRegistrationSystem>
        <dividendAndInterest>
          <numberIssues>0</numberIssues>
          <amountIssues>0.00</amountIssues>
        </dividendAndInterest>
        <priorAgent>
          <numberIssues>0</numberIssues>
          <amountIssues>0.00</amountIssues>
        </priorAgent>
        <currentAgent>
          <numberIssues>0</numberIssues>
          <amountIssues>0.00</amountIssues>
        </currentAgent>
        <numberFiled>0</numberFiled>
        <alwaysCompliant>Yes</alwaysCompliant>
        <total>0</total>
        <totalOtherThanReceiptOrderDate>0</totalOtherThanReceiptOrderDate>
      </securityHolderData>
      <databaseSearches>
        <databaseSearchDate>12/31/2025</databaseSearchDate>
        <numberLostAccountsSearched>0</numberLostAccountsSearched>
        <numberAddressesFromSearch>0</numberAddressesFromSearch>
      </databaseSearches>
      <numberLostAccountsRemittedToStates>0</numberLostAccountsRemittedToStates>
    </serviceCompanyData>
    <signatureData>
      <signatureName>Maureen O'Rourke</signatureName>
      <signaturePhoneNumber>312-756-4450</signaturePhoneNumber>
      <signatureTitle>Chief Financial Officer</signatureTitle>
      <signatureDate>03/27/2026</signatureDate>
    </signatureData>
  </formData>
</edgarSubmission>
