REMINDER: Soybean Meal Futures and Soybean Oil Futures Delivery Differentials

As previously announced on September 11, 2014 (SER 7185R), please be reminded that The Chicago Board of Trade of the City of Chicago, Inc., (CBOT or Exchange) per Rule 13106 (Shipping Plants) of Chapter 13 (Soybean Meal Futures), advised that the territorial delivery differentials, in dollars per ton, for all Soybean Meal futures delivery months (Clearing Code: 06; Globex Code: ZM; Floor Code: SM) beginning with the January 2015 contract month and ending with the December 2015 contract shall be as follows:

Territory 2015 Differential

Central            Par

Northeast        +2.00

MidSouth         +9.50

Missouri           +3.50

Eastern Iowa   -2.00

Northern          -2.50

Please note these 2015 differentials have not changed as the weekly average number of certificates outstanding has not exceeded 150 certificates in all territories combined during the previous soybean crop year.

In addition, per CBOT Rule 12106 (Delivery Points) of Chapter 12 (Soybean Oil Futures), advised that the territorial delivery differentials, in cents per hundredweight, for all Soybean Oil futures delivery months (Clearing Code: 07; Globex Code: ZL; Floor Code: BO) beginning with the January 2015 contract month and ending with the December 2015 contract month shall be as follows:

Territory 2015 Differential

Illinois               Par

Eastern             -10

Eastern Iowa     -140

Southwest         +95

Northern            -125

Western            +5

Questions may be directed to Fred Seamon (312) 634-1587 or Dave Lehman (312) 930-1875.