Cc) eC?)

SoybeanOil | 540 5,000 (eee) 16,500 (see | 200
LT | ALD
Soybean Meal | 720 5,000 (see 6,500 (see \
a LD
SoybeanCrush == N/A __1,000 (see | 1,000 |
Options
Ethanol 200 1,000 1,000 25

2000 |

“100

#12 In the last five trading days of the expiring futures month, the speculative position limit for
the November futures month will be 180 contracts and for the January futures month the

speculative position will be [365] 100 contracts.


sized DowTM ($5 |
multiplier) |

CBOT Dow
Jones-AIG
Commodity
IndexTM :
CBOT 5,000 oz.
Silver

CBOT 100 oz.
Gold

CBOT mini-
sized Silver
CBOT mini-
sized Gold
U.S. Treasury
Bonds

U.S. Treasury
Notes (Syr.)
U.S. Treasury
Notes (6 1/2-
10yr.)

U.S. Treasury
Notes (2yr.)

30 Day Fed Fund _

mini-sized
Eurodollars
Com and CBOT

Soybeans and
CBOT mini-
sized Soybeans

South American | 600 (see 3,500 (see! 5,500 (see |

Soybeans
Wheat and |
CBOT mini-
sized Wheat

Oats

Rough Rice

~ None

“1,500
3,000
‘1,500
4,000

(see #13)

(see #13) |

(see #13)

(see #13)

_ None -
10,000

600

600

#12)
600

600

600

| @ggregate |
JIA® limit,|
See #9) |

15,000

None |

6,000 |
1,500 | 3,000 —
4,000 | 6,000
None None
None None
None None _
None None
‘None | None |
10,000

13,500 | 22,000
mini-sized Corn (aggregate, (aggregate,| (aggregate, |
see #10) see #1, 10) see #1,3, |

10)

6,500 10,000

(aggregate, (aggregate, (aggregate, |
sec #10) see #1, 10)) see#l,4, —

| 10) :
1,400 (see| 2,000 (see |
#1) #16)
1,000 1,000

6,000

10,000

“35

1,000

600
400

| 250 (individual,

see #11)

150 (individual,
see #11)

25

ee ee |!)
a) |
5,000 | 6,500

(150 (individual,
\aggregate, aggregate, aggregate, |
‘see #8, 10)'sce #1, 10), see #1,7, |

see #11)

60

50

1,500
2,000

2,000

1,000

600
250

150

150

60

50


December 14, 2006

Ms. Eileen A. Donovan

Acting Secretary

Commodity Futures Trading Commission
Three Lafayette Center

1155 21* Street, N.W.

Washington, D.C. 20581

Reference File # 2749.01
Rule Certification
Dear Ms. Donovan:

Pursuant to Commission Regulation 40.6(a), the Chicago Board of Trade (CBOT®) hereby
submits the following:

- Amendments to Regulations 1736.02 and 1741.01, and to Rulebook Appendix
4C, per the attached texts (additions bold and underlined; deletions
bracketed and struck through),

These amendments will effectuate the following changes for CBOT South American Soybean
(“SAB”) futures:

- Eliminate multiple delivery points by designating the Paranagua Export Corridor as the
only delivery point for this contract; and

- Reduce the spot month speculative position limit from 365 to 100 contracts in the last
five trading days for expiring January futures.

Under the current regulations, deliveries on SAB futures may occur at the Paranagua Export
Corridor, the Port of Paranagua, or the Port of Santos. Revised Regulations 1736.02 and 1741.01
will make the Paranagua Export Corridor the only delivery point for SAB futures. This change
will eliminate the potential problem of a taker getting delivery of certificates issued from
multiple shippers located in different ports or located at different berths within the same port. In
addition, having physical delivery at a single delivery point will make the SAB contract easier
for market participants to understand and trade due to a simplified pricing basis.


December 14, 2006
Ms. Eileen A. Donovan
Page Two

In 2005, approximately 5.3 million metric tons of soybeans were exported from the Port of
Paranagua versus 7.5 million metric tons from the Port of Santos. Notwithstanding the removal
of the Port of Santos as a delivery point, the CBOT believes that sufficient stocks of beans are
shipped through the Port of Paranagua to assure contract performance. The slowest export
month at the Port of Paranagua is January. (For example, during January 2005, 60,993 metric
tons of soybeans were exported from Paranagua.) Revised Rulebook Appendix 4C will
recognize this fact by reducing the spot month speculative position limit for expiring January
futures as indicated above.

There were no substantive opposing views concerning these amendments.
The CBOT intends to implement these amendments one day after the Commission’s receipt of
this submission, for all current and newly listed SAB contract months. (There currently is no

open interest in these contracts.)

The CBOT certifies that these amendments comply with the Commodity Exchange Act and the
rules thereunder.

Sincerely,

Paul J. Draths
Vice President and Secretary

b121206


Deletions are [bracketed-with strikethrough]. Additions are bold and underlined.

Chapter 17 South American Soybean Futures

1736.02 Location Differentials — Soybeans for shipment from regular shipping stations located

within the Paranagua Export Corridor [and+thePert ef Paranagud] may be delivered in
satisfaction of South American Soybean futures contracts at contract price. [Seybeans-for

hi +5 lar shi tat lecated-within-the Port of Sant
PF Si ping a

bushel]

1741.01 Delivery Points — South American Soybean Shipping Certificates shall specify
shipment from one of the shipping stations currently regular for delivery and located in the

Paranagua Export Corridor. [ene-ef the folowing pers:

A P, 5 Export Corrid
a S P

a  ]
Initial deliveries by shipping stations located in the Paranagua Export Corridorf,the-Pert-of

PR. 2 the Pert-efSantes] must consist of 5,000 bushel shipping certificates of a like kind
and quality of grain and a minimum quantity of 35,000 bushels against the futures contracts.

Appendix 4C
Position Limits and Reportable Positions

*SPOT *SINGLE| *ALL _*REPORTABLE*REPORTABLE|

CONTRACT MONTH MONTH MONTH | FUTURES OPTIONS

- eee eee | LEVEL | LEVEL
10-Year Interest | None None None | 500 500

Rate Swap i i ee Sees - |
5-Year Interest None None None. 500 500

Rate Swap :

Binary Options | None None None 600

on the Fed : H 7 -

CBOT Dow ‘None None 50,000 200

Jones Industrial (aggregate

AverageTM Index DJIATM limit,

($25 multiplier) _ | i see#9) es

CBOT Dow None None 50,000 200 200
Jones Industrial (aggregate | |
Average Index DJIATM limit,

rr se ase bene edt, SOC HD) | _4

CBOT mini- None None 50,000 200 200