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NYBOT Announces Change To Cotton No. 2 Futures Contract Daily Trading Limit

Date 26/07/2004

The New York Board of Trade (NYBOT ) announced that effective today, an amendment to its cotton rules will be implemented to provide that the daily trading limit on the Cotton No. 2 futures contract months will be raised from 3 to 4 cents per pound on any trading day which follows a day on which either of the two futures contract months, with the largest open interest settles at a price of 84.00 cents per pound or higher.

To view the new amendments, please visit the NYBOT website at www.nybot.com.

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges, NYBOT offers an expanding range of agricultural and financial products. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.