The Kansas City Board of Trade has raised its minimum margins for wheat futures contracts. The changes, effective at the close of business on Monday, February 11, 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 | $4050 | $1875 | $3000 | $1500 |
Hedge | $3000 | $1500 | $3000 | $1500 |
Omnibus Account | $3000 | $1500 | $3000 | $1500 |
Member For Own Account | $3000 | $1500 | $3000 | $1500 |