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  <FDSYS>
    <CFRTITLE>17</CFRTITLE>
    <CFRTITLETEXT>Commodity and Securities Exchanges</CFRTITLETEXT>
    <VOL>1</VOL>
    <DATE>2007-04-01</DATE>
    <ORIGINALDATE>2007-04-01</ORIGINALDATE>
    <COVERONLY>false</COVERONLY>
    <TITLE>Position limits.</TITLE>
    <GRANULENUM>150.2</GRANULENUM>
    <HEADING>Section 150.2</HEADING>
    <ANCESTORS>
      <PARENT HEADING="Title 17" SEQ="2">Commodity and Securities Exchanges</PARENT>
      <PARENT HEADING="CHAPTER I" SEQ="1">COMMODITY FUTURES TRADING COMMISSION</PARENT>
      <PARENT HEADING="PART 150" SEQ="0">LIMITS ON POSITIONS</PARENT>
    </ANCESTORS>
  </FDSYS>
  <SECTION>
    <SECTNO>§ 150.2</SECTNO>
    <SUBJECT>Position limits.</SUBJECT>

    <P>No person may hold or control positions, separately or in combination, net long or net short, for the purchase or sale of a commodity for future delivery or, on a futures-equivalent basis, options thereon, in excess of the following:<PRTPAGE P="565"/>
    </P>
    <GPOTABLE CDEF="s100,10,10,10" COLS="4" OPTS="L2">
      <TTITLE>Speculative Position Limits</TTITLE>
      <TDESC>[In contract units]</TDESC>
      <BOXHD>
        <CHED H="1">Contract</CHED>
        <CHED H="1">Spot month</CHED>
        <CHED H="1">Single month</CHED>
        <CHED H="1">All months</CHED>
      </BOXHD>
      <ROW EXPSTB="03" RUL="s">
        <ENT I="21">
          <E T="02">Chicago Board of Trade</E>
        </ENT>
      </ROW>
      <ROW EXPSTB="00">
        <ENT I="01">Corn and Mini-Corn <SU>1</SU>
        </ENT>
        <ENT>600</ENT>
        <ENT>13,500</ENT>
        <ENT>22,000</ENT>
      </ROW>
      <ROW>
        <ENT I="01">Oats</ENT>
        <ENT>600</ENT>
        <ENT>1,400</ENT>
        <ENT>2,000</ENT>
      </ROW>
      <ROW>
        <ENT I="01">Soybeans and Mini-Soybeans <SU>1</SU>
        </ENT>
        <ENT>600</ENT>
        <ENT>6,500</ENT>
        <ENT>10,000</ENT>
      </ROW>
      <ROW>
        <ENT I="01">Wheat and Mini-Wheat <SU>1</SU>
        </ENT>
        <ENT>600</ENT>
        <ENT>5,000</ENT>
        <ENT>6,500</ENT>
      </ROW>
      <ROW>
        <ENT I="01">Soybean Oil</ENT>
        <ENT>540</ENT>
        <ENT>5,000</ENT>
        <ENT>6,500</ENT>
      </ROW>
      <ROW RUL="s">
        <ENT I="01">Soybean Meal</ENT>
        <ENT>720</ENT>
        <ENT>5,000</ENT>
        <ENT>6,500</ENT>
      </ROW>
      <ROW EXPSTB="03" RUL="s">
        <ENT I="21">
          <E T="02">Minneapolis Grain Exchange</E>
        </ENT>
      </ROW>
      <ROW EXPSTB="00" RUL="s">
        <ENT I="01">Hard Red Spring Wheat</ENT>
        <ENT>600</ENT>
        <ENT>5,000</ENT>
        <ENT>6,500</ENT>
      </ROW>
      <ROW EXPSTB="03" RUL="s">
        <ENT I="21">
          <E T="02">New York Board of Trade</E>
        </ENT>
      </ROW>
      <ROW EXPSTB="00" RUL="s">
        <ENT I="01">Cotton No. 2</ENT>
        <ENT>300</ENT>
        <ENT>3,500</ENT>
        <ENT>5,000</ENT>
      </ROW>
      <ROW EXPSTB="03" RUL="s">
        <ENT I="21">
          <E T="02">Kansas City Board of Trade</E>
        </ENT>
      </ROW>
      <ROW EXPSTB="00">
        <ENT I="01">Hard Winter Wheat</ENT>
        <ENT>600</ENT>
        <ENT>5,000</ENT>
        <ENT>6,500</ENT>
      </ROW>
      <TNOTE>
        <SU>1</SU> For purposes of compliance with these limits, positions in the regular sized and mini-sized contracts shall be aggregated.</TNOTE>
    </GPOTABLE>
    <CITA>[70 FR 24706, May 11, 2005]</CITA>
  </SECTION>
</CFRGRANULE>
