* To be valid for delivery on futures contracts, all warehouse receipts and shipping certificates covering [Wheat and] Oats in regular store or Corn, Wheat, and Soybeans under obligation for shipment must indicate the applicable storage rate or premium charge. No warehouse receipts or shipping certificates shall be valid for delivery on futures contracts unless the storage rates or premium charges on such grain shall have been paid up to and including the 18th calendar day of the preceding month, and such payment endorsed on the warehouse receipt or shipping certificate. Unpaid accumulated storage rates and premium charges at the posted rate applicable to the warehouse or shipping station where the grain is stored or under obligation for shipment shall be allowed and credited to the buyer by the seller to and including date of delivery. 1641

If storage rates or premium charges are not paid on-time up to and including the 18th calendar day preceding the delivery months of March, July and September and by the first calendar day of each of these delivery months, a late charge will apply.  The late charge will be an amount equal to the total unpaid accumulated storage rates or premium charges multiplied by the "prime interest rate" in effect on the day that the accrued storage rates or premium charges are paid plus a penalty of 5 percentage points, all multiplied by the number of calendar days that storage or premium is overdue, divided by 360 days.  The term "prime interest rate" shall mean the lowest of the rates announced by each of the following four banks at Chicago, Illinois, as its "prime rate":  Bank of America-Illinois, JP Morgan Chase & Co., Harris Trust & Savings Bank, and the Northern Trust Company.

The [storage rates on Wheat and] premium charges on Corn and Soybeans for delivery shall not exceed 15/100 of one cent per bushel per day. The premium charges on Wheat for delivery shall not exceed 16.5/100 of one cent per bushel per day.

The storage rates on Oats for delivery shall not exceed 13/100 of one cent per bushel per day.  (06/01/07)

* Additions underlined; deletions bracketed for contracts July 2008 forward.