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The Kansas City Board of Trade has changed its minimum margins for wheat futures contracts. The changes supersede the increases that were announced on Friday, February 8 and are effective at the close of business today.
Margins are now on a bifurcated system, with the March and May 2008 contracts having a higher margin level than July 2008 contracts forward. July 2008 and forward contracts do not have increased margins compared to the last increase on Oct. 4, 2007. They are as follows:
| Hard Red Winter Wheat | Initial | Maintenance | ||
| March and May 2008 Contract Months | New Margin | Old Margin | New Margin | Old Margin |
| Speculative | $3750 | $1875 | $3000 | $1500 |
| Hedge | $3000 | $1500 | $3000 | $1500 |
| Omnibus Account | $3000 | $1500 | $3000 | $1500 |
| Member For Own Account | $3000 | $1500 | $3000 | $1500 |
| July 2008 and Forward Contract Months | Initial | Maintenance |
| Margin | Margin | |
| Speculative | $1875 | $1500 |
| Hedge | $1500 | $1500 |
| Omnibus Account | $1500 | $1500 |
| Member For Own Account | $1500 | $1500 |
