On November 17, 2009, the CBOT issued an Advisory Notice announcing new settlement procedures for CBOT agricultural futures contracts were to be implemented on December 1, 2009. In light of feedback received since the time the changes were announced, a determination has been made to not move forward with the announced changes in order to allow for additional analysis of the settlement procedures. The CBOT will continue to employ its current closing and settlement practices for the present time and will further evaluate possible refinements to the agricultural futures’ settlement methodology to ensure that it serves the marketplace’s need for accurate and transparent settlement price determinations.
The current settlement practices are detailed in the September 9, 2008 Advisory Notice that can be found at the attached link:
Questions regarding this Advisory Notice may be directed to the following individuals:
Tom Lord, Director Settlements, 312.341.3116
Dean Payton, Managing Director, Market Regulation, 312.435.3658
For media inquiries concerning this Advisory Notice, please contact CME Group Corporate Communications at 312.930.3434 or firstname.lastname@example.org.