The Kansas City Board of Trade has raised its minimum margins for the hard red winter wheat futures contract and wheat calendar swaps inter-crop year spreads. The changes go into effect on business date April 24. They are as follows:
Hard Red Winter Wheat | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Inter-Crop Year Spread | $600 | $400 | $600 | $400 |
Wheat Calendar Swaps | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Inter-Crop Year Spread | $600 | $400 | $600 | $400 |