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Increased Volatility Leads KCBT To Raise Minimum Wheat Margins

Date 25/10/2006

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