News Release

First CBOT Ag Contract to Go Side-by-Side May 15

Fri May 12 2006

For Immediate Release

Media Contact:
Jennifer Rook
312-435-3625
news@cbot.com

CBOT to Launch First Agricultural Product Side-By-Side; South American Soybean Futures Scheduled to Begin Trading Electronically During Daytime Hours on May 15

CHICAGO, May 12, 2006 – The Chicago Board of Trade (CBOT®) announced it is set to begin the listing of Agricultural futures electronically during daytime hours, beginning with South American Soybean (SAB) futures on Monday, May 15.

CBOT is also extending the trading hours in the product by 30 minutes, with the electronic and open auction market for SAB futures opening a half hour earlier at 9:00 a.m. (Chicago Time) beginning on May 15.

CBOT CEO Bernard W. Dan said, “Our decision to first list the SAB contract electronically side-by-side was a strategic one and it leverages the global distribution and exceptional transparency of the E-CBOT platform. The move was also designed to spark new growth in the contract globally and to further develop liquidity.” 

The CBOT will have an electronic market maker for the May 15th opening. The electronic market maker will be instrumental in creating a competitive, two-sided market and dedicated to providing constant bids and offers on the SAB contract.  

The CBOT launched its SAB contract as a means to provide a reliable and effective tool to meet the growing risk management needs of South American producers and international consumers of soybeans.  South America supplies more than 50 percent of the world’s soybeans.  With delivery points in the ports of Paranagua and Santos, Brazil, the contract is the CBOT’s first product with delivery outside the U.S.  The contract which was originally listed in the open auction environment in May 2005, has had successful deliveries in each of the past contract months.

As previously announced, the CBOT plans to list its Ethanol futures contract electronically side-by-side beginning on May 31, 2006. The CBOT intends to offer the remainder of its Agricultural futures contracts, including Corn, Soybean, Soybean Oil, Soybean Meal, Rough Rice, Wheat and Oat futures, on its electronic trading platform during daytime trading hours beginning August 1, 2006. 

For more information on SAB futures, as well as the CBOT’s Agricultural complex, please visit the CBOT’s website at www.cbot.com/ag. Market users can access live, real-time electronic bids and offers for the most active trading contract months for free at www.cbot.com.

About the CBOT

As one of the leading global derivative exchanges, the Chicago Board of Trade provides a diverse mix of financial, equity and commodity futures and options-on-futures products. Building on its 157-year history, the CBOT continues to advance into the future using the strength of deep liquidity, market integrity and member-trader expertise. Using superior trading technology in both electronic and open-auction trading platforms, the CBOT provides premier customer service to risk managers and investor worldwide. For more information visit our web site at www.cbot.com.

Forward Looking Statements

In this release, our use of the words “may,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or other comparable terminology is intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in filings made by CBOT Holdings, Inc. with the Securities and Exchange Commission, which can be obtained at its website at www.sec.gov. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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