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News, North America

CME Raises Wheat, Corn Futures Margins For March

Jan 13 (Reuters) – CME Group Inc:

* CME RAISES WHEAT FUTURES (W) MAINTENANCE MARGINS BY 9.1% TO $1,800 PER CONTRACT FROM $1,650 FOR MARCH 2021

* CME RAISES CORN FUTURES (C) MAINTENANCE MARGINS BY 18.2% TO $1,300 PER CONTRACT FROM $1,100 FOR MARCH 2021

* SAYS INITIAL MARGIN RATES ARE 110% OF THESE LEVELS

* SAYS RATES WILL BE EFFECTIVE AFTER THE CLOSE OF BUSINESS ON JAN. 14, 2021 (Reporting by Brijesh Patel in Bengaluru)


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