News Release

CBOT Announces May 14 e-CBOT Launch Date for Mini-sized Ags

Thu Apr 12 2007

For Immediate Release

Media Contact:

Debbie Baratz


CHICAGO, April 12 , 2007 – The Chicago Board of Trade (CBOT®) today announced that it will launch CBOT mini-sized Ag futures contracts on its e-cbot® electronic trading platform on May 14, 2007. The contracts will include mini-sized Corn, mini-sized Soybeans and mini-sized Wheat contracts.  

CBOT Senior Vice President of Business Development, Robert D. Ray, said, “This is the first time CBOT mini-sized Ag contracts will trade electronically overnight, providing global market participants with enhanced trading opportunities and offering customers, particularly in Asia, a contract sized to their needs and in a favorable currency (U.S. dollars).”  “In addition, these products will utilize CBOT’s innovative process for directed fungibility allowing market participants the opportunity to offset mini-sized contracts against full-sized contracts as they near expiration. These mini-sized contracts will benefit from the arbitrage opportunities with the full-sized contracts, and the increasing liquidity during the European and Asian trading day.”

The electronically traded mini-sized Ags will trade on the CBOT electronic trading platform on the overnight hours beginning at 6:30 p.m. to 6:00 a.m., Sunday through Friday. The electronically traded mini-sized Ag contracts are 1/5 the size of their full-sized counterparts, or 1,000 bushels and will trade under the symbols XC (mini-sized Corn), XB (mini-sized Soybeans) and XW (mini-sized Wheat).

For a listing of fees, see the following link:,3181,1042,00.html

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 159-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 investors worldwide.  For more information, visit our website at

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