The Kansas City Board of Trade has raised its minimum margins for the hard red winter wheat futures contract. The changes come as a result of increased market volatility.
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 | $5625 | $3750 | $4500 | $3000 |
Hedge | $4500 | $3000 | $4500 | $3000 |
Omnibus Account | $4500 | $3000 | $4500 | $3000 |
Member For Own Account | $4500 | $3000 | $4500 | $3000 |