The Board of Directors and the CFTC have approved the following changes to the CBOT^® Oat futures contract: 

1.       Change the delivery instrument from a warehouse receipt to a shipping certificate. 

2.       Increase the storage/premium charge from 13/100s of one cent per bushel per day to 15/100s of one cent per bushel per day. 

3.       Add Duluth, MN and Superior, WI as a delivery point at a 14 cent per bushel discount. 

Items 1 and 2 above will be implemented starting with the July 2008 contract and Item 3 above will be implemented starting with the September 2008 contract. Further details regarding the change in the delivery instrument (Item 1 above) will be provided in a separate announcement. 

Questions in this regard may be directed to David Lehman (312-930-1875) or Fred Seamon (312-634-1587) in the Corporate Development Division.