SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-210

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): 05/09/23 Filing Description: Weekly Notification of Amendments 

Related to Product Terms and Conditions (Week of May 1, 2023)

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

Official Product Name: 

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. 
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

May 9, 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, D.C. 20581

Re: CFTC Regulation 40.6(d) Notification. The Board of Trade of the City of Chicago, Inc.

(“CBOT” or “Exchange”) Weekly Notification of Amendments Related to Product 

Terms and Conditions.

CBOT Submission No. 23-210

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulation 40.6(d), the 

Exchange submits this weekly notification of the following amendments related to product terms and 

conditions made effective during the week of May 1, 2023.

Effective Sunday, April 30, 2023 for trade date Monday, May 1, 2023, the Exchange amended the strike 

price listing schedule for all short-dated options on new crop Corn, Soybean, Soybean Meal, Soybean Oil, 

Soybean Meal, Wheat, and KC HRW Wheat Futures contracts listed below in Exhibit A for trading on the 

CME Globex electronic trading platform and for submission for clearing via CME ClearPort. The 

marketplace was alerted of the changes via Special Executive Report (“SER”) 9170, which is attached 

hereto as Exhibit A. 

If you require any additional information, 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 – SER 9170
2

Exhibit A

Special Executive Report

DATE: April 4, 2023

SER#: 9170

SUBJECT: Amendments to the Strike Price Listing Schedule for ALL ShortDated Options on New Crop Futures Contracts: Corn, Soybean, 

Soybean Oil, Soybean Meal, Wheat, and KC HRW Wheat

Effective Sunday, April 30, 2023 for trade date Monday, May 1, 2023, The Board of Trade of the City of 

Chicago, Inc. (“CBOT” or “Exchange”) will amend the strike price listing schedule for all short-dated options 

on new crop Corn, Soybean, Soybean Meal, Soybean Oil, Soybean Meal, Wheat, and KC HRW Wheat 

Futures contracts in the table below (the “Contracts”) for trading on the CME Globex electronic trading 

platform (“CME Globex”) and for submission for clearing via CME ClearPort as more specifically described

below (collectively, the “Rule Amendments”). 

Contract Title

Rulebook

Chapter

CME 

Globex /

CME 

ClearPort 

Code

Current Strike Price 

Listing Schedule

Amended Strike Price

Listing Schedule

Short Dated Options 

on New Crop Corn 

Futures

10A CDF /

OCD

Strikes listed for 25% of the 

underlying Dec 

settlement price above and 

below the at-the-money 

strike at $0.05 per bushel 

increment plus dynamic 

strikes at $0.05 per bushel 

increment above and below 

the highest and lowest prelisted strikes.

Strikes listed for 25% of the 

underlying Dec settlement price 

above and below the at-themoney strike at $0.10 per bushel 

increment plus dynamic strikes at 

$0.05 per bushel increment above 

and below the highest and lowest 

pre-listed strikes. Additional 

strikes listed for 25% of the 

underlying settlement price 

above and below the at-themoney strike at $0.05 per 

bushel increment for the first 

three listed contract months.

Short-Dated Options 

on New Crop 

Soybean Futures

11A SDF / 

OSD

Strikes listed for 25% of the 

underlying Nov settlement 

price above and below the 

at-the-money strike at 

$0.10 per bushel strike 

increment plus dynamic 

strikes at $0.10 per bushel 

strike increment above and 

below the highest and 

lowest pre-listed strikes.

Strikes listed for 25% of the 

underlying Nov settlement price 

above and below the at-themoney strike at $0.20 per bushel 

strike increment plus dynamic 

strikes at $0.10 per bushel strike 

increment above and below the 

highest and lowest pre-listed 

strikes. Additional strikes listed 

for 25% of the underlying 

settlement price above and 

below the at-the-money strike at 

$0.10 per bushel increment for 
3

the first three listed contract 

months. 

Short-Dated Options 

on New Crop 

Soybean Oil Futures

12A LDF / 

OLD

Strikes listed for 50% of the 

underlying Dec settlement 

price above and below the 

at-the-money strike at 

$0.005 per pound 

increment plus dynamic 

strikes at $0.005 per pound 

increment above and below 

the highest and lowest prelisted strikes.

Strikes listed for 25% of the 

underlying Dec settlement price 

above and below the at-themoney strike at $0.005 per pound 

increment plus dynamic strikes at 

$0.005 per pound increment 

above and below the highest and 

lowest pre-listed strikes.

Short Dated Options 

on New Crop 

Soybean Meal 

Futures

13A ODF / 

OMD

Strikes listed for 50% of the 

underlying Dec settlement 

price above and below the 

at-the-money strike at 

$5.00 per ton increment 

plus dynamic strikes at 

$10.00 per ton increment 

above and below the 

highest and lowest prelisted strikes.

Strikes listed for 25% of the 

underlying Dec settlement price 

above and below the at-themoney strike at $5.00 per ton 

increment for strikes below 

$200.00, and $10.00 per ton 

increment for strikes equal to or 

above $200.00, plus dynamic 

strikes at $5.00 per ton 

increment above and below the 

highest and lowest pre-listed 

strikes. Additional strikes listed 

for 25% of the underlying 

settlement price above and 

below the at-the-money strike at 

$5.00 per ton increment for the 

first three listed contract

months.

Short-Dated Options 

on New Crop Wheat 

Futures

14A WDF / 

OWD

Strikes listed for 25% of the 

underlying Jul settlement 

price above and below the 

at-the-money strike at 

$0.05 per bushel increment 

plus dynamic strikes at 

$0.05 per bushel increment 

above and below the 

highest and lowest prelisted strikes.

Strikes listed for 25% of the 

underlying Jul settlement price 

above and below the at-themoney strike at $0.10 per bushel 

increment plus dynamic strikes at 

$0.05 per bushel increment above 

and below the highest and lowest 

pre-listed strikes. Additional 

strikes listed for 25% of the 

underlying settlement price 

above and below the at-themoney strike at $0.05 per 

bushel increment for the first 

three listed contract months.
4

Short Dated Options 

on New Crop KC 

HRW Wheat Futures

14L

KWO / 

KWE

Strikes listed for 25% of the 

underlying Jul settlement 

price above and below the 

at-the-money strike at 

$0.05 per bushel increment 

plus dynamic strikes at 

$0.05 per bushel increment 

above and below the 

highest and lowest prelisted strikes.

Strikes listed for 25% of the 

underlying Jul settlement price 

above and below the at-themoney strike at $0.10 per bushel 

increment plus dynamic strikes at 

$0.05 per bushel increment above 

and below the highest and lowest 

pre-listed strikes. Additional 

strikes listed for 25% of the 

underlying settlement price 

above and below the at-themoney strike at $0.05 per 

bushel increment for the first 

three listed contract months.

The Commodity Futures Trading Commission (“CFTC”) will be notified of the Rule Amendments during the 

week of May 8, 2023, via the weekly notification procedures set forth in Part 40 of the CFTC Regulations.

Please refer questions on this subject to:

Steven Stasys, Senior Director, Business Line Management - (312) 213-7046, 

steve.stasys@cmegroup.com

Emily Balsamo, Manager, Research & Product Development - (312) 504-0450, 

emily.balsamo@cmegroup.com