The Kansas City Board of Trade has raised its minimum margins for the hard red winter wheat futures contract and wheat calendar swaps.
The changes go into effect on business date March 16. They are as follows:
Hard Red Winter Wheat | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Speculative | $3125 | $2500 | $2500 | $2000 |
Hedge | $2500 | $2000 | $2500 | $2000 |
Omnibus Account | $2500 | $2000 | $2500 | $2000 |
Member For Own Account | $2500 | $2000 | $2500 | $2000 |
Wheat Calendar Swaps | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Speculative | $3125 | $2500 | $2500 | $2000 |
Hedge | $2500 | $2000 | $2500 | $2000 |
Omnibus Account | $2500 | $2000 | $2500 | $2000 |
Member For Own Account | $2500 | $2000 | $2500 | $2000 |