The Kansas City Board of Trade has raised its minimum margins for the hard red winter wheat futures contract and wheat calendar swaps old crop/new crop spreads.
The changes go into effect today. They are as follows:
Hard Red Winter Wheat | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Old Crop/New Crop Spread | $2000 | $1000 | $2000 | $1000 |
Wheat Calendar Swaps | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Old Crop/New Crop Spread | $2000 | $1000 | $2000 | $1000 |