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Application for Regularity in Ethanol
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Ethanol Fundamentals & Risk Management
Reminder - Changes to Ethanol Futures Contracts

As previously announced, the Board of Directors has approved the following revised contract specifications for CBOT Ethanol futures:

- Change the last trading day from the business day prior to the 15th calendar day to the 3rd business day of the delivery month; and

- Change load-out procedures to require that regular shippers load out against certificates within 17 days of cancellation and that in-tank transfers be completed within 17 days of certificate cancellation.

These revisions in the last trading day and the load-out procedures will be effective for all Ethanol futures contract months from September 2006 forward.

Copies of the pertinent regulation changes (in Regulations 1609.01 and 1690.01) are available from the Secretary’s Office.

Questions in this regard may be directed to John Hill in the Registrar’s Office (312-435-3592) or Fred Seamon in Business Development (312-347-3808).

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