Chicago Board of Trade Futures Contracts in Corn and Soybeans; Proposed Disapproval of Exchange Listing for Trading of January 1999 Soybean Futures Contract and March 1999 Corn Futures Contract

Samenvatting

The Commodity Futures Trading Commission (``Commission'') has issued a Proposed Order to the Board of Trade of the City of Chicago (``CBT''), under sections 5a(a)(10) and 15 of the Commodity Exchange Act (``Act''), 7 U.S.C. 7a(a)(10) and 19, to change and to supplement its proposal regarding the delivery terms of the CBT corn and soybean futures contracts. Notice of the Commission's Proposed Order was published in the Federal Register on Monday, September 22, 1997. 62 FR 49474. The Proposed Order proposed a number of changes and supplements to the CBT proposal for its corn and soybean futures contracts. The Commission also proposed to disapprove, to change and to supplement the terms of the July and December 1999 corn futures contracts and the July and November 1999 soybean futures contracts proposed by the CBT. The Commission has become aware that the Board of Trade of the City of Chicago (CBT) notified its members on September 19, 1997, of its intent to propose listing for trading the January 1999 soybean futures contract and the March 1999 corn futures contract. By letter dated September 23, 1997, the Commission notified the CBT that the Commission is proposing under sections 5a