KCBT Lowers Minimum Margins For Trading Wheat

Date 27/07/2004

The Kansas City Board of Trade has lowered its minimum margins for wheat futures contracts. The changes, effective Wednesday, July 28, come as a result of decreased market volatility and are as follows:

	INITIAL		MAINTENANCE
HARD RED WINTER WHEAT	New Margin	Old Margin	New Margin	Old Margin
Speculative	$750	$875	$600	$700
Hedge	600	700	600	700
Omnibus Account	600	700	600	700
Member-For Own Account	600	700	600	700

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