NYBOT Issues Reminder Concerning Ethanol Minimum Delivery Requirement

The New York Board of Trade (NYBOT) issued today a reminder that Wednesday, June 30th, is the first expiration for Ethanol futures, the June ’04 contract. A minimum of eighty (80) contracts shall be stated for each port being used by a clearing member to make delivery of its final short position.

NYBOT launched its Ethanol futures contract on May 7th and the options on May 10, 2004. The contract (symbol “XA”) calls for free on board (FOB) vessel delivery of 7,750 U.S. gallons of biomass-derived, undenatured, anhydrous ethanol. The Ethanol futures and options contracts trade in NYBOT’s sugar rings from 8:50 am to 12:05 pm (NY Time).

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice and sugar, as well as currency and index futures and options.

Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.