Release: 4025-97

For Release: May 22, 1997

CFTC TO HOLD PUBLIC MEETING TO RECEIVE ORAL AND WRITTEN STATEMENTS RELATING TO THE DELIVERY SPECIFICATIONS OF THE CBT CORN AND SOYBEAN FUTURES CONTRACTS

The Commodity Futures Trading Commission (Commission) will convene a public meeting at 2:00 p.m. (concluding at 5:00 p.m.), on Thursday, June 12, 1997, at which the Chicago Board of Trade (CBT) and interested members of the public may appear before it to give oral and written statements relating to the Commission's consideration of amendments proposed by the CBT to the delivery specifications of the CBT corn and soybean futures contracts.

The proposed amendments were submitted in response to a notification to the CBT by the Commission finding that those contracts no longer meet the statutory requirements of section 5a(a)(10) of the Commodity Exchange Act. 61 FR 67998 (December 26, 1996). The Commission, in its request for comment, 62 FR 12156 (March 14, 1997), described four alternatives included in the notification to the CBT and the CBT's proposed amendments to the contracts' delivery specifications. The Commission also posed a number of questions. Persons appearing before the Commission are invited specifically to address those questions and to provide relevant factual data. The Commission's public comment files will remain open for the receipt of written comment until June 16, 1997.

All individuals or organizations wishing to appear before the Commission should submit their requests and a concise statement of interest by June 5, 1997, to the Office of the Secretariat, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581; transmitted by facsimile at (202) 418-5521; or transmitted electronically to [ secretary@cftc.gov]. Reference should be made to "Delivery Specifications Meeting."