KCBT Wheat Margin Change - KCBT Lowers Wheat Margins

Date 01/09/2004

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

Hard Red Winter Wheat	Initial		Maintenance
	New Margin	Old Margin	New Margin	Old Margin
Speculative	$625	$750	$500	$600
Hedge	$500	$600	$500	$600
Omnibus Account	$500	$600	$500	$600
Member For Own Account	$500	$600	$500	$600

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