WHEAT - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      192,983
COMMITMENTS
  37,013   66,426   16,392  109,514   82,793  162,919  165,611   30,064   27,372

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     -2,018)
  -1,048  -10,483    1,103   -1,478    5,927   -1,423   -3,453     -595    1,435

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    19.2     34.4      8.5     56.7     42.9     84.4     85.8     15.6     14.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      273)
      96       91       54       50       64      169      191
 
 
CORN - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      613,073
COMMITMENTS
  84,505  151,441   28,548  403,455  294,807  516,508  474,796   96,565  138,277

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      8,556)
   2,940  -22,559     -320    3,483   24,941    6,103    2,062    2,453    6,494

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    13.8     24.7      4.7     65.8     48.1     84.2     77.4     15.8     22.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      669)
     167      151      101      248      244      468      455
 
 
OATS - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:        6,924
COMMITMENTS
   1,883      600       49    1,404    4,572    3,336    5,221    3,588    1,703

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:         79)
     476      -76       23     -454      121       45       68       34       11

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    27.2      8.7      0.7     20.3     66.0     48.2     75.4     51.8     24.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       35)
      16        5        2       10       11       27       17
 
 
SOYBEANS - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      233,595
COMMITMENTS
  28,599   80,137   15,790  151,466   88,576  195,855  184,503   37,740   49,092

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:        -79)
  -1,536    4,932     -624    4,254     -584    2,094    3,724   -2,173   -3,803

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    12.2     34.3      6.8     64.8     37.9     83.8     79.0     16.2     21.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      372)
      89      134       80       97      115      242      282
 
 
SOYBEAN OIL - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 60,000 POUNDS)                         OPEN INTEREST:      152,958
COMMITMENTS
  20,737   42,442   16,171   94,952   73,328  131,860  131,941   21,098   21,017

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      5,919)
   1,124    3,632   -1,065    5,601    2,876    5,660    5,443      259      476

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    13.6     27.7     10.6     62.1     47.9     86.2     86.3     13.8     13.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      144)
      38       37       28       51       43      100      106
 
 
U.S. TREASURY BONDS - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:      645,645
COMMITMENTS
 186,288  112,560    6,164  341,442  403,256  533,894  521,980  111,751  123,665

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     39,915)
   9,629    1,924    1,821   18,288   31,315   29,738   35,060   10,177    4,855

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    28.9     17.4      1.0     52.9     62.5     82.7     80.8     17.3     19.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      193)
      44       44       15       59       82      115      130
 
 
SOYBEAN MEAL - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TONS)                              OPEN INTEREST:      149,191
COMMITMENTS
  14,090   26,805   24,463   84,012   75,211  122,565  126,479   26,626   22,712

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     -2,893)
   5,699   -6,512   -1,714   -9,533    7,119   -5,548   -1,107    2,655   -1,786

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     9.4     18.0     16.4     56.3     50.4     82.2     84.8     17.8     15.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      162)
      30       49       46       51       50      119      124
 
 
ROUGH RICE - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 200,000 POUNDS)                        OPEN INTEREST:        4,034
COMMITMENTS
   1,627    1,512       47      973    1,114    2,647    2,673    1,387    1,361

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:       -386)
      95       37     -104     -130     -345     -139     -412     -247       26

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    40.3     37.5      1.2     24.1     27.6     65.6     66.3     34.4     33.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       30)
      10       10        3        6        7       19       17
 
 
2-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF $200,000 FACE VALUE)                   OPEN INTEREST:      272,173
COMMITMENTS
  73,179   87,651      374  173,308  130,624  246,861  218,649   25,312   53,524

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     19,739)
   5,376    3,308     -151   16,639   12,873   21,864   16,030   -2,125    3,709

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    26.9     32.2      0.1     63.7     48.0     90.7     80.3      9.3     19.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      167)
      22       57        2       48       67       71      125
 
 
10-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    1,683,691
COMMITMENTS
 402,963  408,100   27,121  1078515  916,098  1508599  1351319  175,092  332,372

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      7,213)
    -467   36,655   -9,777     -301  -24,520  -10,545    2,358   17,758    4,855

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    23.9     24.2      1.6     64.1     54.4     89.6     80.3     10.4     19.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      382)
      54      112       35      106      177      180      304
 
 
5-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    1,166,477
COMMITMENTS
 318,122  238,648   11,455  761,409  746,521  1090986  996,624   75,491  169,853

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     19,475)
  -1,701  -10,007    1,425   41,531   31,161   41,255   22,579  -21,780   -3,104

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    27.3     20.5      1.0     65.3     64.0     93.5     85.4      6.5     14.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      299)
      53       89       25       79      128      146      229
 
 
30-DAY FEDERAL FUNDS - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(INTEREST ON $5,000,000 FED FUNDS)                   OPEN INTEREST:      352,991
COMMITMENTS
 119,588   42,800   42,026  169,987  250,004  331,601  334,830   21,390   18,161

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     14,040)
     740    5,060    5,453   11,264      -88   17,457   10,425   -3,417    3,615

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    33.9     12.1     11.9     48.2     70.8     93.9     94.9      6.1      5.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      134)
      37       21       25       54       58      103       93
 
 
DOW JONES INDUSTRIAL AVERAGE - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
($10 X DJIA INDEX)                                   OPEN INTEREST:       47,667
COMMITMENTS
  17,169    9,607      103   25,254   32,568   42,526   42,278    5,141    5,389

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     -1,913)
  -2,494      586       56      550     -348   -1,888      294      -25   -2,207

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    36.0     20.2      0.2     53.0     68.3     89.2     88.7     10.8     11.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       93)
      35       23        3       27       12       65       35
 
 
DOW JONES INDUSTRIAL AVG- x $5 - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
($5 X DJIA INDEX)                                    OPEN INTEREST:       55,712
COMMITMENTS
  11,034   17,967      264   35,562   28,570   46,860   46,801    8,852    8,911

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      8,610)
   2,367    4,086       67    8,806    5,300   11,240    9,453   -2,630     -843

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    19.8     32.2      0.5     63.8     51.3     84.1     84.0     15.9     16.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       87)
      28       24        2       22       16       51       41
 
 
INTEREST RATE SWAPS 10YR - 3MO - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       35,875
COMMITMENTS
   1,696    6,395    1,006   32,843   27,086   35,545   34,487      330    1,388

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:       -380)
     148      -69        0     -520     -331     -372     -400       -8       20

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     4.7     17.8      2.8     91.5     75.5     99.1     96.1      0.9      3.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       53)
       4       21        2       17       15       23       36
 
 
INTEREST RATE SWAPS 5YR - 3MO - CHICAGO BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       13,266
COMMITMENTS
       0    1,554        0   13,254   11,252   13,254   12,806       12      460

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:       -333)
    -500     -135        0      176     -190     -324     -325       -9       -8

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     0.0     11.7      0.0     99.9     84.8     99.9     96.5      0.1      3.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       0        7        0        8       10        8       17
 

Updated January 11, 2005