The Kansas City Board of Trade has lowered its minimum margins for wheat futures contracts. The changes, effective at the close of trading today, come as a result of decreased market volatility and are as follows:
Hard Red Winter Wheat | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Speculative | $875 | $1250 | $700 | $1000 |
Hedge | $700 | $1000 | $700 | $1000 |
Omnibus Account | $700 | $1000 | $700 | $1000 |
Member For Own Account | $700 | $1000 | $700 | $1000 |