WHEAT - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      219,798
COMMITMENTS
  36,624   76,492   29,417  120,490   86,280  186,531  192,189   33,267   27,610

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     13,005)
    -345    9,635    3,000    4,772   -4,017    7,427    8,618    5,578    4,388

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    16.7     34.8     13.4     54.8     39.3     84.9     87.4     15.1     12.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      298)
     100      103       72       64       69      196      220
 
 
CORN - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      726,517
COMMITMENTS
  69,924  179,408   95,077  449,443  300,387  614,444  574,872  112,073  151,645

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     13,440)
     719   14,784   -4,441   17,494   -1,749   13,772    8,595     -332    4,845

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.6     24.7     13.1     61.9     41.3     84.6     79.1     15.4     20.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      723)
     162      194      154      293      267      542      538
 
 
OATS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:        7,710
COMMITMENTS
   1,247      668      463    2,117    4,696    3,828    5,827    3,883    1,883

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -313)
     -22     -141       67     -119     -180      -74     -254     -239      -59

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    16.2      8.7      6.0     27.5     60.9     49.6     75.6     50.4     24.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       37)
      15        6        6       14       13       31       23
 
 
SOYBEANS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      308,712
COMMITMENTS
  31,343   53,815   65,965  161,547  124,859  258,855  244,639   49,856   64,073

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      6,196)
  -5,675    8,308    3,866    6,126   -7,856    4,318    4,319    1,878    1,877

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    10.2     17.4     21.4     52.3     40.4     83.9     79.2     16.1     20.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      405)
     112      138      122      111      125      292      324
 
 
SOYBEAN OIL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 60,000 POUNDS)                         OPEN INTEREST:      162,616
COMMITMENTS
  15,576   38,886   26,776   98,436   75,366  140,788  141,028   21,828   21,588

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:       -445)
  -2,287    4,043      547    4,174   -5,232    2,434     -643   -2,879      198

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.6     23.9     16.5     60.5     46.3     86.6     86.7     13.4     13.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      147)
      32       46       33       52       45      102      114
 
 
U.S. TREASURY BONDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:      727,236
COMMITMENTS
 169,059  107,293   72,767  373,145  412,226  614,970  592,286  112,265  134,950

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     12,681)
  15,919   15,819  -16,244     -915     -713   -1,240   -1,138   13,921   13,819

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.2     14.8     10.0     51.3     56.7     84.6     81.4     15.4     18.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      195)
      41       47       38       69       94      133      156
 
 
SOYBEAN MEAL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TONS)                              OPEN INTEREST:      168,077
COMMITMENTS
   7,967   31,829   35,151   99,244   74,908  142,362  141,888   25,715   26,190

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      8,120)
     -51    6,772    2,894    7,672   -1,611   10,515    8,056   -2,395       64

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.7     18.9     20.9     59.0     44.6     84.7     84.4     15.3     15.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      168)
      26       51       52       56       56      119      142
 
 
ROUGH RICE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 200,000 POUNDS)                        OPEN INTEREST:        4,892
COMMITMENTS
   1,541    1,430      359    1,212    1,634    3,113    3,423    1,780    1,469

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:         89)
     165      151       79      288     -158      531       72     -442       18

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    31.5     29.2      7.3     24.8     33.4     63.6     70.0     36.4     30.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       34)
      11        8        3       11       10       23       20
 
 
2-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $200,000 FACE VALUE)                   OPEN INTEREST:      252,479
COMMITMENTS
  67,803   84,343      525  156,669  117,751  224,997  202,619   27,482   49,860

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      3,802)
   5,347   14,316     -875   -2,432  -10,783    2,040    2,658    1,762    1,144

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    26.9     33.4      0.2     62.1     46.6     89.1     80.3     10.9     19.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      163)
      19       55        4       48       66       69      123
 
 
10-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    2,140,053
COMMITMENTS
 393,805  347,239  264,198  1310557  1170547  1968560  1781984  171,494  358,070

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:    123,830)
   6,129   15,775   63,423   48,126   -6,396  117,679   72,802    6,151   51,027

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    18.4     16.2     12.3     61.2     54.7     92.0     83.3      8.0     16.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      379)
      46      116       89      137      199      249      338
 
 
5-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    1,326,282
COMMITMENTS
 333,080  255,536  105,305  789,631  787,910  1228016  1148751   98,267  177,532

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     14,091)
  -2,485   41,114  -17,371   13,368  -16,548   -6,488    7,195   20,580    6,896

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    25.1     19.3      7.9     59.5     59.4     92.6     86.6      7.4     13.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      303)
      59       83       54       90      143      171      258
 
 
30-DAY FEDERAL FUNDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(INTEREST ON $5,000,000 FED FUNDS)                   OPEN INTEREST:      444,716
COMMITMENTS
 109,262   31,998  129,524  180,002  267,771  418,788  429,293   25,928   15,422

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:   -207,908)
 -75,820  -20,282  -64,530  -61,164 -120,024 -201,514 -204,836   -6,394   -3,072

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    24.6      7.2     29.1     40.5     60.2     94.2     96.5      5.8      3.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      145)
      42       25       35       61       62      119      107
 
 
DOW JONES INDUSTRIAL AVERAGE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
($10 X DJIA INDEX)                                   OPEN INTEREST:       51,434
COMMITMENTS
  19,712    9,235      797   25,202   33,289   45,712   43,321    5,722    8,113

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:        261)
       6     -613       38     -413      355     -369     -220      630      481

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    38.3     18.0      1.5     49.0     64.7     88.9     84.2     11.1     15.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       90)
      38       18       13       26       15       72       38
 
 
DOW JONES INDUSTRIAL AVG- x $5 - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
($5 X DJIA INDEX)                                    OPEN INTEREST:       52,573
COMMITMENTS
   6,203   13,805    3,750   30,656   24,856   40,610   42,411   11,964   10,162

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:     12,729)
  -1,064    2,584    1,675    8,034    7,834    8,645   12,093    4,084      636

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    11.8     26.3      7.1     58.3     47.3     77.2     80.7     22.8     19.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       81)
      34       19       19       19       16       58       49
 
 
INTEREST RATE SWAPS 10YR - 3MO - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       36,255
COMMITMENTS
   1,548    6,464    1,006   33,363   27,417   35,917   34,887      338    1,368

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:        -52)
    -483       64        0      457     -112      -26      -48      -26       -4

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.3     17.8      2.8     92.0     75.6     99.1     96.2      0.9      3.8

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
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       13,599
COMMITMENTS
     500    1,689        0   13,078   11,442   13,578   13,131       21      468

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:        473)
    -181      109        0      645      352      464      461        9       12

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     3.7     12.4      0.0     96.2     84.1     99.8     96.6      0.2      3.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       25)
       1        7        0        8       10        9       17
 

Updated January 7, 2005