SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-483

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): 12/04/23 Filing Description: Delisting of the Thailand Long Grain 

White Rice (Platts) Futures Contract

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: 

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: See filing.

Rule Numbers: See filing.
20 S Wacker Dr Chicago, IL 60606 T 312 466 7478 tim.elliott@cmegroup.com cmegroup.com

1

Timothy Elliott

Managing Director and Chief Regulatory Counsel

Legal Department

December 4, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Future Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Delisting of the Thailand Long Grain White 

Rice (Platts) Futures Contract.

CBOT Submission No. 23-483

Dear Mr. Kirkpatrick:

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

Futures Trading Commission (“CFTC” or “Commission”) the delisting of the Thailand Long Grain White Rice 

(Platts) Futures contract (the “Contract”) effective immediately. There is no open interest in the Contract. 

Contract Title Rulebook 

Chapter

Commodity 

Code

Thailand Long Grain White Rice (Platts) Futures 71 TRF

The Contract is being delisted for trading on CME Globex electronic trading platform (“CME Globex”) as 

well as submission for clearing via CME ClearPort. 

Exhibit A provides amendments to the CBOT Rulebook Chapter 71 in blackline format. 

As a result of the delisting, information regarding the Contract has been deleted from the CBOT Rulebook 

Chapter 71, related position limits in the Position Limit, Position Accountability and Reportable Level Table 

located in the Interpretations and Special Notices Section of Chapter 5 (“Trading Qualifications and 

Practices”) of the CBOT Rulebook (the “Table”), the CME Globex non-reviewable ranges located in Rule 

588.H. of the CBOT Rulebook, and the list of block-eligible products located on the CME Group website. 

The Table is attached under separate cover, in blackline format, as Exhibit B.

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

the Commodity Exchange Act (“CEA”) and staff identified that the delisting of the Contract may have some 

bearing on the following Core Principles:

• Emergency Authority: There is no open interest in the Contract, and therefore there will be no 

market disruption related to the suspension.

• Availability of General Information: The Exchange will make publicly available the details of the 

delisting by publishing a Special Executive Report (“SER”) to the marketplace. The SER will be 

available on CME Group’s website. 

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

delisting of the Contract complies with the Act, including all regulations under the Act. 
20 S Wacker Dr Chicago, IL 60606 T 312 466 7478 tim.elliott@cmegroup.com cmegroup.com

2

The Exchange certifies that this submission has been concurrently posted on the Exchange’s website at 

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

Should you have any questions concerning the above, please contact the undersigned at (312) 466-7478

or e-mail CMEGSubmissionInquiry@cmegroup.com.

Sincerely,

/s/ Timothy Elliott 

Managing Director and Chief Regulatory Counsel

Attachments: Exhibit A – Amendments to CBOT Rulebook Chapter 71 (blackline format) 

Exhibit B – Position Limit, Position Accountability, and Reportable Level Table in Chapter 

5 of the CBOT Rulebook (attached under separate cover) (blackline format)
3

EXHIBIT A

CBOT Rulebook

(deletions struck through)

Chapter 71

Thailand Long Grain White Rice (Platts) Futures

71100. SCOPE OF CHAPTER 

The provisions of these rules shall apply to all contracts bought or sold on the Exchange for cash 

settlement based on the Floating Price. The procedures for trading, clearing and cash settlement of 

this contract, and any other matters not specifically covered herein shall be governed by the general 

rules of the Exchange. 

71101. CONTRACT SPECIFICATIONS

The Final Settlement Price for each contract month shall be equal to the arithmetic average of the 

“Thailand Long Grain White Rice 5% broken FOB” price assessments published by Platts for each 

day that it is determined during the contract calendar month, rounded to the nearest $0.01.

71102. TRADING SPECIFICATIONS 

The number of months open for trading at a given time shall be determined by the Exchange. 

71102.A. Trading Schedule 

The hours of trading for this contract shall be determined by the Exchange. 

71102.B. Trading Unit 

The contract quantity shall be twenty-five (25) metric tonnes. 

71102.C. Price Increments

Prices shall be quoted in U.S. dollars and cents per metric tonne. The minimum price 

fluctuation shall be $0.50 per metric tonne. The final settlement price shall be rounded to 

the nearest $0.01 per metric tonne. 

71102.D. Price Limits (up to and including April 30, 2021)

Daily price limits for Thailand Long Grain White Rice (Platts) Futures are reset every six months, on 

the first trading day in May and the first trading day in November. For the May reset, daily settlement 

prices are collected for the nearest July contract month over 45 consecutive trading days before and 

on the business day prior to April 16th. For the November reset, daily settlement prices are collected 

for the nearest November contract month over 45 consecutive trading days before and on the 

business day prior to October 16th. The average of these daily settlement prices is calculated, and 

the new daily price limit shall be 10 percent of this average price rounded up to the nearest $5. 

There shall be no trading in Thailand Long Grain White Rice (Platts) Futures at a price more than the 

price limit above or below the previous day’s settlement price. 

Should two or more Thailand Long Grain White Rice (Platts) Futures contract months, excluding the 

contract month which is in its final settlement price calculation period, settle at limit, the daily price 

limits for all contract months shall increase by 50 percent, rounded up to the nearest $5, the next 

business day. If no Thailand Long Grain White Rice (Platts) Futures contract month settles at the 

expanded limit the next business day, daily price limits for all contract months shall revert back the 

following business day to the pre-expansion price limit. There shall be no price limits on a contract 

month during its final settlement price calculation period. The final settlement price calculation period 

is all settlement days from the first business day to the last business day of the contract month.

71102.E. Position Limits, Exemptions, Position Accountability and Reportable Levels

The applicable position limits and/or accountability levels, in addition to the reportable levels, are set 

forth in the Position Limit, Position Accountability and Reportable Level Table in the Interpretations 

& Special Notices Section of Chapter 5. A Person seeking an exemption from position limits for bona 

fide commercial purposes shall apply to the Market Regulation Department on forms provided by the 

Exchange, and the Market Regulation Department may grant qualified exemptions in its sole 

discretion. Refer to Rule 559 for requirements concerning the aggregation of positions and allowable 

exemptions from the specified position limits. 
4

71102.F. Termination of Trading 

Trading shall cease on the last business day in the contract month which is also a Platts publication 

date for the price assessment.

71103. FINAL SETTLEMENT 

Final settlement under the contract shall be by cash settlement. The final settlement price will be 

the Floating Price calculated for each contract month. 

71104. DISCLAIMER 

NEITHER THE BOARD OF TRADE OF THE CITY OF CHICAGO, INC. (“CBOT”), ITS AFFILIATES, 

NOR S&P GLOBAL PLATTS GURANTEES THE ACCURACY AND/OR COMPLETENESS OF THE 

INDEX OR ANY OF THE DATA INCLUDED THEREIN. CBOT, ITS AFFILIATES AND S&P GLOBAL 

PLATTS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE 

OBTAINED BY ANY PERSON OR ENTITY FROM USE OF THE INDEX, TRADING BASED ON THE 

INDEX, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE TRADING OF THE 

CONTRACTS, OR, FOR ANY OTHER USE. CBOT, ITS AFFILIATES AND S&P GLOBAL PLATTS 

MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND HEREBY DISCLAIM ALL WARRANTIES 

OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT 

TO THE INDEX OR ANY DATA INCLUDED THEREIN, WITHOUT LIMITING ANY OF THE 

FOREGOING, IN NO EVENT SHALL CBOT, ITS AFFILIATES OR S&P GLOBAL PLATTS HAVE 

ANY LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL, OR 

CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE 

POSSIBILITY OF SUCH DAMAGES. 

“Platts” and “S&P Global Platts” are trademarks of S&P Global Inc. and have been licensed for use 

by CBOT. S&P Global Platts does not sponsor, endorse, sell or promote the contracts and S&P 

Global Platts makes no recommendations concerning the advisability of investing in the contracts.
5

EXHIBIT B

CBOT Rulebook

Chapter 5

(“Trading Qualifications and Practices”)

Position Limit, Position Accountability, and Reportable Level Table

(deletions struck through)

(provided under separate cover)