Amadeusz Juskowiak

Tokyo grain exchange to raise margin requirements

The Tokyo Grain Exchange said it will raise the margin requirement on the spot and nearby month for US And Chinese soybeans and red beans effective March 2

Spot April US Soybean contracts will increase to 90000 yen per 15 tonne lot from 70000 now Other months will stay unchanged at 70000 except the new distant February requirement which will be set at 70000 from March 2

Chinese spot March will be set at 110000 yen per 15 tonne lot from 90000 The exchange said it raised spot March requirement to 130000 yen on contracts outstanding at March 13 Chinese nearby April rises to 90000 yen from 70000

Other months will remain unchanged at 70000 yen except new distant August which will be set at 70000 from March 2

The new margin for red bean spot March rises to 150000 yen per 24 tonne lot from 120000 and to 190000 for outstanding contracts as of March 13

The nearby April requirement for red beans will rise to 100000 yen from 60000 effective March 2

The margin money for other red bean months will remain unchanged at 60000 yen except new distant August for which the requirement will also be set at 60000 from March 2

REUTER