SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-327

Organization: The Board of Trade of the City of Chicago, Inc. (“CBOT”)

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 09/01/23 Filing Description: Expansion of Trading at Settlement 

(TAS) Eligibility for the KC HRW Wheat, Soybean, Soybean Meal, and Soybean Oil Futures 

Contracts

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers: See filing.

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: 

Rule Numbers: 
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

1

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

September 1, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Expansion of Trading at Settlement (TAS) 

Eligibility for the KC HRW Wheat, Soybean, Soybean Meal, and Soybean Oil Futures 

Contracts.

CBOT Submission 23-327

Dear Mr. Kirkpatrick:

The Board of Trade of the City of Chicago, Inc. (“CBOT”) is certifying to the Commodity Futures Trading 

Commission (“CFTC” or “Commission”) amendments to the Trading at Settlement (“TAS”) Table (the 

“Table”) located in Chapter 5 (“Trading Qualifications and Practices”) to expand TAS eligibility for the 

agricultural futures contracts noted below (the “Contracts”) for trading on CME Globex electronic trading 

platform and for submission for clearing via CME ClearPort effective on Sunday, October 1, 2023, for trade 

date Monday, October 2, 2023. In addition, spread functionality will be permitted for all combinations of 

TAS eligible contract months of the Contracts (collectively, the “Rule Amendments”). 

Contract Title Rulebook

Chapter

CME Globex/

CME ClearPort Code

TAS Code

KC HRW Wheat Futures 14H KE/KW ZCT

Soybean Futures 11 ZS/S SBT

Soybean Meal Futures 13 ZL/06 ZMT

Soybean Oil Futures 12 ZL/07 ZLT

The Rule Amendments to the Table are provided in Exhibit A attached with additions underscored.

The Exchange conducted an analysis of liquidity of the affected contract month and determined that the 

expansion of TAS eligibility for the Contracts is appropriate at this time. Additional information regarding 

TAS transactions may be viewed HERE.

The Exchange reviewed the designated contract market core principles (“Core Principles”) as set forth in 

the Commodity Exchange Act (“CEA” or “Act”) and identified that the Rule Amendments may have some 

bearing on the following core principles:

• Availability of General Information: The Exchange shall publish information regarding the Rule 

Amendments via a Special Executive Report (“SER”) to notify the marketplace. The SER will also 

be posted on the CME Group website.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

2

• Contracts Not Readily Subject to Manipulation: A review of the Contracts shows that there is 

sufficient liquidity on CME Globex to support expanded TAS eligibility of the Contracts TAS. The 

Exchange continues to be belief that the Contracts are not subject to manipulation.

• Daily Publication of Trading Information: The Exchange shall make public daily information on 

settlement prices, volume, open interest, and opening and closing ranges for the Contract. 

• Compliance with Rules: The Exchange shall continue its normal practice to establish, monitor 

and enforce compliance with the rules of the Contracts including the Rule Amendments.

• Execution of Transactions: The Exchange will continue its current practice of providing a 

competitive, open, and efficient market mechanism for executing transactions in the Contracts.

Pursuant to Section 5c(c) of the Act and CFTC Regulation 40.6(a), the Exchange certifies that the Rule 

Amendments comply with the Act, including regulations under the Act. There were no substantive opposing 

views to the Rule Amendments.

The Exchange certifies that this submission has been concurrently posted on the CME Group website at 

http://www.cmegroup.com/market-regulation/rule-filings.html.

Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200 

or via e-mail at CMEGSubmissionInquiry@cmegroup.com.

Sincerely, 

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachment: Exhibit A – Amendments to the Trading at Settlement Table Located in CBOT/CME

 Chapter 5 (“Trading Qualifications and Practices”)
3

Exhibit A

CME/CBOT Rulebook 

Chapter 5

(“Trading Qualifications and Practices”)

Trading at Settlement (“TAS”) Table

(additions underscored)

Trading at Settlement (“TAS”) Outright and Calendar Spread Availability – CBOT Grain and 

Oilseed Futures 

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Mar Mar May May Jul Jul Sep Sep Dec Dec Dec Mar

May May Jul Jul Sep Sep Dec Dec Mar Mar Mar May

HRW Wheat 

(KW) Jul Jul Sep Sep Dec Dec Mar Mar May May May Jul

Sep Sep Dec Dec Mar Mar May Jul Jul Jul Sep 

Dec Dec Mar Jul Jul

MarMayMarMayMayJulMayJulJulSepJulSepSepDecSepDecDecMarDecMarDecMarMarMay

MarJulMarJulMaySepMaySepJulDecJulDecSepMarSepMarDecMayDecMayDecMayMarJul

MarSepMarSepMayDecMayDecJulMarJulMarSepMayDecJulDecJulDecJulMarSep

MarDecMarDecMayMarSepJulSepJul

MayJulMayJulJulSepJulSepSepDecSepDecDecMarDecMarMarMayMarMayMarMayMayJul

MaySepMaySepJulDecJulDecSepMarSepMarDecMayMarJulMarJulMarJulMaySep

MayDecMayDecJulMarDecJulDecJul

JulSepJulSepSepDecSepDecDecMarDecMarMarMayMayJulMayJulMayJulJulSep

JulDecJulDecSepMarMarJulMarJul

SepDecSepDecDecMarMayJulMayJul

Mar Mar May May Jul Jul Aug Sep Nov Nov Jan Jan

May May Jul Jul Aug Aug Sep Nov Jan Jan Mar Mar

Jul Jul Aug Aug Sep Sep Nov Jan Mar Mar May May

Aug Aug Sep Sep Nov Nov Jan Mar May May Jul Jul

Sep Nov Nov Jan Jan Mar May Jul Jul Aug Aug

Nov Nov Jan Jan Mar Mar May Jul

Jan Mar Mar May Jul Nov Nov
4

Mar-

May

Mar-

May

May-

Jul

May-

Jul

Jul-

Aug

Jul-

Aug

Aug-

Sep

Sep-

Nov

Nov-

Jan

Nov-

Jan

Jan-

Mar

Jan-

Mar

Soybean (S)

Mar-

Jul

Mar-

Jul

May-

Aug

May-

Aug

Jul-

Sep

Jul-

Sep

Aug-

Nov

Sep-

Jan

Nov-

Mar

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Mar-

May

May-

Jul

Sep-

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Sep-

Nov

Mar Mar May May Jul Jul Aug Sep Oct Dec Dec Jan

May May Jul Jul Aug Aug Sep Oct Dec Jan Jan Mar
5

Soybean 

Meal (06) Jul Jul Aug Aug Sep Sep Oct Dec Jan Mar Mar May

Oct Dec Jan Mar May May Jul

Dec Dec Jan Mar May Jul Jul

Dec Dec Jan Jan Mar May Jul

Dec Dec Jan Mar Mar May

Dec

MarMayMarMayMayJulMayJulJulAugJulAugAugSepSepOctOctDecDecJanDecJanJanMar

MarJulMarJulMayAugMayAugJulSepJulSepAugOctSepDecOctJanDecMarDecMarJanMay

JulOctAugDecSepJanOctMarDecMayDecMayJanJul

JulDecJulDecAugJanSepMarOctMayDecJulDecJul

MayDecMayDecJulJanJulJanAugMarSepMayOctJul

MarDecMarDecMayJanJulMarJulMarAugMay

JanDec

MayJulMayJulJulAugJulAugAugSepAugSepSepOctOctDecDecJanJanMarJanMarMarMay

AugOctSepDecOctJanDecMarJanMayJanMayMarJul

AugDecAugDecSepJanOctMarDecMayJanJulJanJul

JulDecJulDecAugJanAugJanSepMarOctMayDecJul

MayDecMayDecJulJanAugMarAugMarSepMay

MarDec

SepOctOctDecDecJanJanMarMarMayMarMayMayJul

SepDecSepDecOctJanDecMarJanMayMarJulMarJul

AugDecAugDecSepJanSepJanOctMarDecMayJanJul

JulDecJulDecAugJanSepMarSepMarOctMay

MayDec
6

OctDecOctDecDecJanJanMarMarMayMayJulMayJul

SepDecSepDecOctJanOctJanDecMarJanMayMarJul

AugDecAugDecSepJanOctMarOctMarDecMay

JulDec

OctDecDecJanDecJanJanMarMarMayMayJul

SepDecSepDecOctJanDecMarDecMarJanMay

AugDec

OctDecOctDecDecJanJanMarJanMarMarMay

SepDec

OctDec

Mar Mar May May Jul Jul Aug Sep Oct Dec Dec Jan

Soybean Oil 

(07) May May Jul Jul Aug Aug Sep Oct Dec Jan Jan Mar

Jul Jul Aug Aug Sep Sep Oct Dec Jan Mar Mar May

Aug Sep Oct Oct Dec Jan Mar May May Jul

Dec Dec Jan Mar May Jul Jul

Dec Dec Jan Jan Mar May Jul

Dec Dec Jan Mar Jul

Dec

MarMayMarMayMayJulMayJulJulAugJulAugAugSepSepOctOctDecDecJanDecJanJanMar

MarJulMarJulMayAugMayAugJulSepJulSepAugOctSepDecOctJanDecMarDecMarJanMay

MarAugMaySepJulOctJulOctAugDecSepJanOctMarDecMayDecMayJanJul

JulDecJulDecAugJanSepMarOctMayDecJulDecJul

MayDecMayDecJulJanJulJanAugMarSepMayOctJul

MarDecMarDecMayJanJulMarSepJul

JanDec
7

MayJulMayJulJulAugJulAugAugSepAugSepSepOctOctDecDecJanJanMarJanMarMarMay

MayAugJulSepAugOctAugOctSepDecOctJanDecMarJanMayJanMayMarJul

AugDecAugDecSepJanOctMarDecMayJanJulJanJul

JulDecJulDecAugJanAugJanSepMarOctMayDecJul

MayDecMayDecJulJanAugMarOctJul

MarDec

JulAugAugSepSepOctSepOctOctDecDecJanJanMarMarMayMarMayMayJul

SepDecSepDecOctJanDecMarJanMayMarJulMarJul

AugDecAugDecSepJanSepJanOctMarDecMayJanJul

JulDecJulDecAugJanSepMarDecJul

MayDec

OctDecOctDecDecJanJanMarMarMayMayJulMayJul

SepDecSepDecOctJanOctJanDecMarJanMayMarJul

AugDecAugDecSepJanOctMarJanJul

JulDec

OctDecOctDecDecJanDecJanJanMarMarMayMayJul

SepDecSepDecOctJanDecMarMarJul

AugDec

OctDecOctDecDecJanJanMarMayJul

SepDec

OctDec