As has previously been announced, USDA Rice Warehouse Receipts which serve as the future delivery instrument for Rice futures contracts have been converted from paper to electronic form. Effective with the September 2007 and subsequent contracts, paper Rice receipts will not be deliverable. 

The Exchange is utilizing eGrain, Inc., a USDA-licensed electronic warehouse receipt provider. Effective August 30, 2007, warehouse receipts delivered in satisfaction of Rough Rice futures contracts must be Electronic Warehouse Receipts (EWRs) issued through eGrain.  Paper warehouse receipts issued by regular facilities will not be deliverable against September 2007 futures or subsequent contract months.

Any firm that participates in the Rough Rice futures market and/or currently holds a position in the September 2007 contract should get signed up immediately. 

If you have any questions regarding EWRs or with the process of signing up with eGrain, please contact Sharon Weiss (312-341-3097), Joe Miller (312-341-3426) or Terry Gehring (312-435-3644) of the Market Regulation Department.