KCBT Wheat Margins Altered - Market Volatility Raises Wheat Margins

Date 19/04/2004

The Kansas City Board of Trade has raised its minimum margins for wheat futures contracts. The changes, effective 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	$1125	$1000	$900	$800
Hedge	$900	$800	$900	$800
Omnibus Account	$900	$800	$900	$800
Member For Own Account	$900	$800	$900	$800

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