Minneapolis Grain Exchange Amends Margin Requirements For Hard Red Spring Wheat Futures

The Minneapolis Grain Exchange (MGEX) Board of Directors has unanimously approved changes to the margin requirements for hard red spring wheat futures, effective March 21, 2003.

Speculative Margins:
Initial: $650 per contract (down from $975)
Maintenance: $500 (down from $750)

Hedge Margins:
Initial: $500 per contract (down from $750)
Maintenance: $500 (down from $750)

MGEX, established in 1881, is the only market for hard red spring wheat, white wheat, durum wheat, and NSI and NCI futures and options. For more information about MGEX, visit www.mgex.com.