Request of the Kansas City Board of Trade for Approval of Amendments to Its Hard Red Winter Wheat Futures Contract Lowering the Price Discount for Delivery at Huchinson, KS, Increasing the Price Discount for Delivery of U.S. No. 3 Hard Red Winter Wheat, and Modifying the Maximum Permissible Amount of Wheat of Other Classes Deliverable as U.S. No. 3 Hard Red Winter Wheat

Résumé

The Kansas City Board of Trade (KCBT or Exchange) has requested that the Commission approve amendments to its hard red winter wheat futures contract, pursuant to the provisions of section 5c(c)(2)(B) of the Commodity Exchange Act as amended. The proposed amendments would reduce to 9 from 12 cents per bushel the discount for delivery at Hutchinson, Kansas, increase to 5 from 3 cents per bushel the discount for delivery of U.S. No. 3 hard red winter wheat, and reduce the maximum permissible amount of wheat of other classes deliverable as No. 3 hard red winter wheat. The Acting Director of the Division of Economic Analysis (Division) of the Commission, acting pursuant to the authority delegated by Commission Regulation 140.96, has determined that publication of the proposal for comment is in the public interest, will assist the Commission in considering the views of interested persons, and is consistent with the purposes of the Commodity Exchange Act.