The Board of Directors has approved revisions to Regulation 3204.01 to modify the strike price listing intervals for CBOT® Soybean Oil options.  The revised regulation will specify strike price intervals of one-half cent per pound for the “first tier” of strike prices and one cent per pound for the “second tier”, to be applicable at all price levels.

Previously, the regulation specified first tier strike price intervals of one cent per pound and second tier intervals of two cents per pound for strikes greater than or equal to thirty cents.

The revised regulation will be implemented as of trade date April 23, 2007.

Copies of the revised regulation are available from the Secretary’s Office.