Proposed Amendments to Chicago Board of Trade Rough Rice Futures Contract Regarding Locational Price Differentials

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The Chicago Board of Trade (CBT or Exchange) has proposed amendments to Chicago Board of Trade rough rice futures contract that would remove the discount for deliveries at non-mill site warehouses. The proposed amendments were submitted under the Commission's 45-day Fast Track procedures which provides that, absent any contrary action by the Commission, the proposed amendments may be deemed approved on September 10, 1999--45 days after the Commission's receipt of the proposals. 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 proposals 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.