The Board of Directors and the CFTC have approved revised contract specifications for CBOT Soybean Oil futures as indicated below.  These revisions will be effective for all Soybean Oil contract months from January 2007 forward.

-           Change last delivery day from the last business day of the month to the seventh business day following last trading day; and

-           Reduce the maximum deliverable capacity at regular warehouses from 30 to 20 times a warehouse’s registered daily rate of loading. (In connection with this change, warehouses that have outstanding receipts in excess of 20 times their registered daily rate of loading on January 1, 2007 will not be permitted to register additional receipts until the day after the number of outstanding receipts at the warehouse is less than 20 times the warehouse’s daily rate of loading.)

Copies of the pertinent regulation changes (in Regulations 1109.01, 1146.01, 1180.01 and 1181.01) 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)