NYBOT Takes Actions Concerning September 2005 Coffee C Deliveries From The Port Of New Orleans

In order to promote the fair and orderly delivery of the September 2005 Coffee “C”® futures contract, the Board of Trade of the City of New York Inc. (NYBOT®) has declared all delivery notices issued for the port of New Orleans with respect to the September 2005 contract to be null and void effective Thursday, September 1st.

In addition, the open position for each Clearing Member that has issued or stopped such a delivery notice for New Orleans will be increased by the number of contracts reflected in such notices. In order to allow sufficient time to trade out of the restored contracts or issue delivery notices against them for a port other than New Orleans, the Board also extended the last trading day, last notice day and last delivery day for the September 2005 Coffee “C” futures contract as follows:

Last Trading Day – September 28th
Last Notice Day – September 29th
Last Delivery Day – October 10th

On August 29th, NYBOT considered the consequences of Hurricane Katrina on the Port of New Orleans and its impact on the delivery of coffee in the Port. In accordance with Rule 8.15, the Board declared that a force majeure situation exists in the Port, and that deliveries pursuant to delivery notices previously issued shall not be made until such date as the Board may determine and that, effective August 30th, 2005, no further delivery notices may be issued for coffee to be delivered in the Port of New Orleans until the conditions of the warehouses and the coffee located there can be determined.

In response to the disaster caused by Hurricane Katrina, the Exchange has pledged $250,000 in relief aid in the states of Louisiana and Mississippi.

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, pulp, 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.