KCBT Announces Lower Wheat Margins

Date 23/04/2003

The Kansas City Board of Trade has lowered its minimum margins for wheat futures contracts. The changes, effective 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	$625	$812.50	$500	$650
Hedge	$500	$650	$500	$650
Omnibus Account	$500	$650	$500	$650
Member For Own Account	$500	$650	$500	$650

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