The Kansas City Board of Trade has raised its minimum margins for wheat futures contracts. In addition, spread trades have been separated into two categories: intra-crop year spread and old crop/new crop spread.
The changes, effective at the close of trading tomorrow, come as a result of increased market volatility and are as follows:
| Hard Red Winter Wheat | Initial | Maintenance | ||
| New Margin | Old Margin | New Margin | Old Margin | |
| Speculative | $1250 | $875 | $1000 | $700 |
| Hedge | $1000 | $700 | $1000 | $700 |
| Omnibus Account | $1000 | $700 | $1000 | $700 |
| Member For Own Account | $1000 | $700 | $1000 | $700 |
| Intra-Crop Year Spread | $125 | $100 | $100 | $100 |
| Old Crop/New Crop Year Spread | $375 | $100 | $300 | $100 |
