Date:                                          July 20, 2006

Recipients:                                Members and Independent Software Vendors

Authorized by:                           Jeffrey S. Hersh

Title:                                          Ethanol Contract Specification Changes

Action Date:                             Revised Settlement Procedures, July 21; Revised Daily Price Limits, July 24

Document Recommended for: All Departments

Related Bulletins: n/a

Attachment: n/a

A CBOT Notice regarding Changes to the Last Trading Day, Load-Out Procedures, Daily Price Limits and Settlement Procedures for CBOT Ethanol Futures Contracts has been distributed.

The revisions in the last trading day and the load-out procedures will be effective for all Ethanol futures contracts months from September 2006 forward.  The revision in daily price limits will become effective Monday, July 24, 2006 for all Ethanol futures contracts.  The revised settlement price procedures will be effective Friday, July 21, 2006. 

Questions in this regard may be directed to John Hill in the Registrar’s Office (312-435-3592) Fred Seamon in Business Development (312-347-3808).

Please contact your Key Account Manager if you have questions about this Bulletin.