MEMO

TO: Clearing Members, Members and Market Participants
FROM: Mark G. Bagan, President & CEO
SUBJECT: Additional Spring Wheat Months Available for Trade

DATE: April 3, 2006

Earlier today, Minneapolis Grain Exchange (“MGEX”) ownership approved
changes to Rule 715.00. Months Traded In. Additionally, at its March meeting,
the Board of Directors approved modifications to Regulation 2010.00. that
pending ownership approval of Rule 715.00., the MGEX could begin listing
additional Spring Wheat futures and options months for trade. Together, the
approved Rule and Regulation change allow trading in Spring Wheat futures in
the current delivery month plus any month in the March, May, July, September,
December delivery cycle which falls within the next succeeding twenty-three (23)
months.

Accordingly, as a result of Board of Directors and ownership action, the MGEX
will begin to offer the December 2007 and March 2008 contract months for trade
effective the trade date April 7, 2006 (beginning with the overnight session at
6:30 p.m. CT on April 6). Should you have any questions please contact James
D. Facente, Director, Market Operations & IT, at 612-321-7108 or
jfacente@mgex.com.



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Electronic Mail April 3, 2006

Ms. Jean A. Webb

Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre

1155 21st Street NW

Washington, D.C. 20581

SUBJECT: Rule Certification
Dear Ms. Webb:

Pursuant to Commodity Exchange Act (“CEAct") Section 5c(c)(1) and Commodity
Futures Trading Commission (“Commission”) Regulation 40.6(a), the Minneapolis Grain
Exchange (“MGEX”) hereby certifies that the attached amended Rule and Regulation
complies with the CEAct and the regulations thereunder. Additions have been
underlined while deletions have been marked through.

The purpose for amending the Rule and Regulation is to allow trading in Spring Wheat
futures in the current delivery month plus any month in the March, May, July,
September, December delivery cycle which fails within the next succeeding twenty-
three (23) months. Previously, trading was permitted for contract months only the next
17 months out. The amended Rule and Regulation have no affect upon current
delivery months with open interest.

Pursuant to the authority of MGEX Rule 204.01., the Board of Directors and ownership
approved amending Rule 715.00 and pursuant to the authority of MGEX Rules 210.01.
and 715.00., the Board of Directors approved amending Regulation 2010.00. The
MGEX plans to implement the changes the next business day after receipt of this
submission to the Commission. Additionally, from an operational perspective, the
MGEX will begin to offer the December 2007 and March 2008 contract months for trade
effective the trade date April 7, 2006 (beginning with the overnight session at 6:30 p.m.
CST on April 6, 2006). Enclosed is the MGEX implementation memo.

If there are any questions regarding this submission, please contact me at (612) 321-
7190. Thank you for your attention to this matter.

Sincerely,

Sandra S. Sullivan

Department of Audits and Investigations 130 Grain Exchange Building 400 South 4th Street Minneapolis, MN 55415-1413
800.827.4746 612.321.7165 Fax: 612.321.7180 equal opportunity employer



Enclosures
cc: Anne Reuter

Director, Market Regulation



715.00. MONTHS TRADED IN.

eo ee _ - { Deleted: Trading in Spring Wheat
Futures shall be permitted in the

f 7 . a e current delivery month plus
The months available for trading in Spring Wheat Futures and the number of months available month in the Merch, May, uy,
for trade at one time shall be determined by the Board of Directors. See Regulation 2010.00. ‘September, December delivery cycle
= which falls within the next succeeding
seventeen (17) months. The number
of months to be available for trade at
one time shall be at the discretion of
the Board of Directors.

2010.00. FUTURES AND OPTIONS MONTHS PRESCRIBED.

A -
Lrading in Spring Wheat Futures shail be permitted in the current delivery month plus any | ~~ ‘| Deleted: All futures and Options
month in the March, May, July, September, December delivery cycle which falls within the next conact months in tis marnet shall
succeeding twenty-three (23) months. The next delivery month in the sequence shall replace Brecon ‘See Rule 715.00"

the expiring delivery month as of the close of business on the last business day of the expiring, _ 1 -
delivery month. This implicit approval shall take effect unless such listing is deemed a ceeekee Qetions contract
inappropriate because of conflicts with other superseding Rules or Regulations, or unless ‘\. | automatically be approved in the

otherwise determined by the Board of Directors. \*, [ sequence normally traded.

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