Automatic Adjustment Mechanism Ratios in Soybean Oil

In connection with its Soybean Oil futures contract (Globex Code: ZL; Clearing Code: 07; Rulebook Chapter 12), The Board of Trade of the City of Chicago, Inc. (“CBOT” or “Exchange”)  publishes the most recent Automatic Adjustment Mechanism ratios, rounded to the nearest 10th, for each delivery territory in the Deliverable Commodities Under Registration report (available at http://www.cmegroup.com/market-data/reports/registrar-reports.html).

As of 21 August 2015, the Illinois Territory has a reported ratio of 0.5 and the Southwest Territory also has a reported ratio of 0.5.  Several market participants have inquired about how close these ratios are to the 0.5 threshold for triggering changes to delivery differentials in January, 2016.  As of 21 August 2015, the Illinois Territory ratio rounded to the nearest 1,000^th is 0.453 and the Southwest Territory ratio rounded to the nearest 1,000^th is 0.455.

Questions may be directed to Fred Seamon (312-634-1587 or Fred.Seamon@CMEGroup.com) or Dave Lehman (312-930-1875 or David.Lehman@CMEGroup.com).

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