The Kansas City Board of Trade has raised its minimum margins for the hard red winter wheat futures contract.
The changes go into effect at the close of business today. They are as follows:
Hard Red Winter Wheat | Initial | Maintenance | ||
New Margin | Old Margin | New Margin | Old Margin | |
Speculative | $3125 | $2500 | $2500 | $2000 |
Hedge | $2500 | $2000 | $2500 | $2000 |
Omnibus Account | $2500 | $2000 | $2500 | $2000 |
Member For Own Account | $2500 | $2000 | $2500 | $2000 |