The Kansas City Board of Trade has raised its minimum margins for wheat futures contracts. The changes, effective at the close of trading today, come as a result of increased market volatility and are as follows:
Hard Red Winter Wheat | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Speculative | $1500 | $1250 | $1200 | $1000 |
Hedge | $1200 | $1000 | $1200 | $1000 |
Omnibus Account | $1200 | $1000 | $1200 | $1000 |
Member For Own Account | $1200 | $1000 | $1200 | $1000 |
Old Crop/New Crop Year Spread | $625 | $375 | $500 | $300 |