The Board of Directors has approved and the Exchange has certified to the CFTC revisions to Regulation 3204.01 to modify the minimum number of strike prices that are listed in the first tier of strikes for CBOT^® Soybean Oil Options.  Following the convention used in Corn, Wheat, and Soybean option contracts, the option strike price closest to the previous day’s settlement price of the underlying Soybean Oil futures contract would be listed, along with the next five consecutive higher and the next five consecutive lower strikes.

Previously, the regulation specified a strike price closest to the previous day’s settlement price of the underlying Soybean Oil futures contract, and a consecutive series of strike prices within 5.5 cents above and below that strike.

The second tier of strike prices, consisting of the next four consecutive strikes above the initial band in one cent per pound increments, remains unchanged.

The revised regulation will be implemented as of trade date May 22, 2007 for July 2007 and forward Soybean Oil options contracts.

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