Minneapolis Grain Exchange MGEX - Minneapolis Grain Exchange
News
Aug. 6, 2004
Home News Market Information Products Resources Real Estate About

400 South 4th Street
130 Grain Exchange Building
Minneapolis, MN 55415

ph: 612-321-7101 or
toll free: 1-800-827-4746
mgex@mgex.com
Facebook
Twitter

 

 

MINNEAPOLIS GRAIN EXCHANGE ANNOUNCES NEW MARGIN REQUIREMENTS August 6, 2004

MINNEAPOLIS The Minneapolis Grain Exchange (MGEX) Board of Directors has approved margin requirements and spread credits for the futures contracts listed below, effective August 6, 2004.

Speculative Margins Initial (per contract) Maintenance (per contract)
National Corn Index (NCI) $390 $300
National Soybean Index (NSI) $650 $500
Hard Winter Wheat Index (HWI) $650 (down from $943) $500 (down from 725)
Spring Wheat $650 (down from $943) $500 (down from 725)
     
Hedge Margins    
National Corn Index (NCI) $300 $300
National Soybean Index (NSI) $500 $500
Hard Winter Wheat Index (HWI) $500 (down from 725) $500 (down from 725)
Spring Wheat $500 (down from 725) $500 (down from 725)
     
Inter-Commodity Spreads   Spread Credit % Savings
NCI vs. NSI   50%
HWI vs. Spring Wheat   100%
     
Inter-Exchange Spreads-MGEX Side
MGEX NCI vs. CBOT Corn   100%
MGEX NSI vs. CBOT Soybeans   100%
MGEX HWI vs. CBOT Wheat   100%
MGEX HWI vs. KCBT Wheat   100%
MGEX Spring Wheat vs. CBOT Wheat   60%
MGEX Spring Wheat vs. KCBT Wheat   60%

MGEX, established in 1881, is the only market for hard red spring wheat, Hard Winter Wheat Index (HWI), National Corn Index (NCI) and National Soybean Index (NSI) futures and options.  For more information about MGEX, visit www.mgex.com.
###

About Us Apple Juice Concentrate Agricultural Indexes Hard Red Spring Wheat
DISCLAIMER