• Declaration of Condition of Force Majeure at Corn and Soybean Shipping Stations Due to Flooding on the Illinois and Mississippi Rivers and Load-Out Impossibility

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-8380
      • Notice Date
      • 02 May 2019
      • Effective Date
      • 02 May 2019
    • Effective immediately and until further notice, pursuant to The Board of Trade of the City of Chicago, Inc. (“CBOT” or “Exchange”) Rules 701. (“Declarations of Force Majeure”) and 703.C.G.(8) (“Barge Load-Out Procedures for Corn, Soybeans, and SRW Wheat…”), CBOT is hereby declaring a condition of Force Majeure due to load-out impossibility at a majority of Corn and Soybean regular shipping stations on the Illinois and Mississippi Rivers.  Such shipping stations are unable to load due to high water levels and/or flooding.

      Questions regarding this matter may be directed to the following individuals in the Market Regulation Department:

      Terry Gehring, at 312.435.3644 or Terry.Gehring@cmegroup.com

      Spencer McGowan, at 312.435.3662 or Spencer.McGowan@cmegroup.com

      For media inquiries concerning this Advisory Notice, please contact CME Group Corporate Communications at 312.930.3434 or corporate.communications@cmegroup.com.

      Please click here for PDF of SER-8380.