WHEAT - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      236,106
COMMITMENTS
  35,915   76,299   35,631  129,149   94,558  200,696  206,488   35,411   29,619

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:      9,815)
    -281   10,735    1,871    5,707   -3,132    7,297    9,474    2,518      341

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    15.2     32.3     15.1     54.7     40.0     85.0     87.5     15.0     12.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      309)
     104      112       84       61       70      205      235
 
 
CORN - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      769,823
COMMITMENTS
  75,796  199,390  101,444  473,847  304,392  651,087  605,226  118,736  164,597

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     22,737)
   1,804   44,993   -1,728   20,977  -26,791   21,053   16,473    1,685    6,264

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.8     25.9     13.2     61.6     39.5     84.6     78.6     15.4     21.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      743)
     173      212      175      295      257      572      549
 
 
OATS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:        8,881
COMMITMENTS
   2,753      246      434    1,248    5,513    4,435    6,193    4,446    2,688

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:      1,115)
     951     -345        0     -338      666      613      321      502      795

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    31.0      2.8      4.9     14.0     62.1     49.9     69.7     50.1     30.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       39)
      21        4        7        9       14       32       23
 
 
SOYBEANS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      339,277
COMMITMENTS
  28,848   78,952   74,918  179,319  121,520  283,085  275,391   56,193   63,887

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     26,906)
     290   23,063    4,796   14,292   -4,594   19,378   23,265    7,527    3,641

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.5     23.3     22.1     52.9     35.8     83.4     81.2     16.6     18.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      453)
     108      181      143      121      130      322      371
 
 
SOYBEAN OIL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 60,000 POUNDS)                         OPEN INTEREST:      183,059
COMMITMENTS
  14,812   52,969   29,513  113,940   76,312  158,265  158,794   24,794   24,265

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     13,639)
  -1,343   10,326    3,155    9,661   -2,090   11,474   11,392    2,165    2,247

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.1     28.9     16.1     62.2     41.7     86.5     86.7     13.5     13.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      159)
      29       56       36       53       46      108      124
 
 
U.S. TREASURY BONDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:      816,098
COMMITMENTS
 181,462  120,595   84,246  423,812  466,132  689,519  670,973  126,579  145,125

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     44,155)
   4,705   12,003    5,962   29,169   23,489   39,835   41,455    4,319    2,700

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    22.2     14.8     10.3     51.9     57.1     84.5     82.2     15.5     17.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      231)
      45       64       51       84      103      167      180
 
 
SOYBEAN MEAL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TONS)                              OPEN INTEREST:      178,531
COMMITMENTS
   7,028   38,234   36,798  105,955   77,049  149,781  152,080   28,750   26,451

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     12,944)
  -6,706   13,620    2,901   17,177   -5,425   13,372   11,097     -427    1,848

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     3.9     21.4     20.6     59.3     43.2     83.9     85.2     16.1     14.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      169)
      29       49       53       58       56      122      143
 
 
ROUGH RICE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 200,000 POUNDS)                        OPEN INTEREST:        4,669
COMMITMENTS
   1,631    1,434      361    1,209    1,398    3,201    3,193    1,468    1,476

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:        121)
       4       32       51      124       70      180      154      -59      -33

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    34.9     30.7      7.7     25.9     29.9     68.6     68.4     31.4     31.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       33)
      10       10        3       12        8       25       18
 
 
2-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $200,000 FACE VALUE)                   OPEN INTEREST:      296,278
COMMITMENTS
  79,632   88,583    1,458  185,839  148,334  266,929  238,375   29,348   57,902

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     24,067)
   6,453      932    1,084   12,531   17,710   20,068   19,726    3,999    4,340

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    26.9     29.9      0.5     62.7     50.1     90.1     80.5      9.9     19.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      175)
      26       56        4       49       70       78      127
 
 
10-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    2,143,359
COMMITMENTS
 402,315  344,968  282,674  1272592  1160932  1957581  1788574  185,778  354,785

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:    -22,636)
   2,792  -32,284    9,326  -29,593    9,829  -17,475  -13,130   -5,161   -9,506

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    18.8     16.1     13.2     59.4     54.2     91.3     83.4      8.7     16.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      406)
      76      110       99      149      200      275      360
 
 
5-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    1,403,075
COMMITMENTS
 337,266  235,001  133,654  857,007  860,263  1327926  1228918   75,149  174,158

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     11,575)
   7,096  -14,239    2,233    7,889   29,837   17,219   17,832   -5,643   -6,256

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    24.0     16.7      9.5     61.1     61.3     94.6     87.6      5.4     12.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      319)
      61       92       64      100      147      193      271
 
 
30-DAY FEDERAL FUNDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(INTEREST ON $5,000,000 FED FUNDS)                   OPEN INTEREST:      505,620
COMMITMENTS
 125,790   41,926  159,282  201,130  288,556  486,202  489,765   19,418   15,855

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     27,677)
  15,466    4,120   10,598    5,000   16,407   31,064   31,126   -3,387   -3,449

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    24.9      8.3     31.5     39.8     57.1     96.2     96.9      3.8      3.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      153)
      48       28       41       64       63      127      117
 
 
DOW JONES INDUSTRIAL AVERAGE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
($10 X DJIA INDEX)                                   OPEN INTEREST:       48,335
COMMITMENTS
  14,939    8,772      829   25,848   32,651   41,615   42,252    6,720    6,083

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:     -1,090)
  -2,296     -997       10      123     -295   -2,163   -1,281    1,073      192

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    30.9     18.1      1.7     53.5     67.6     86.1     87.4     13.9     12.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       87)
      35       17       12       29       14       71       36
 
 
DOW JONES INDUSTRIAL AVG- x $5 - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
($5 X DJIA INDEX)                                    OPEN INTEREST:       66,893
COMMITMENTS
   9,166   21,259    5,759   43,830   30,613   58,756   57,632    8,138    9,261

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:      4,463)
   1,515    3,318      733    3,440      434    5,688    4,485   -1,225      -22

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    13.7     31.8      8.6     65.5     45.8     87.8     86.2     12.2     13.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      101)
      29       37       21       24       20       65       66
 
 
INTEREST RATE SWAPS 10YR - 3MO - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       39,897
COMMITMENTS
   1,892   10,337    1,014   36,780   27,239   39,686   38,590      211    1,307

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:      4,022)
     196    3,942        8    3,937      153    4,141    4,103     -119      -81

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     4.7     25.9      2.5     92.2     68.3     99.5     96.7      0.5      3.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       55)
       4       22        3       17       16       24       38
 
 
INTEREST RATE SWAPS 5YR - 3MO - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/18/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       13,463
COMMITMENTS
       0    1,747        0   13,451   11,252   13,451   12,999       12      464

CHANGES FROM 01/11/05 (CHANGE IN OPEN INTEREST:        197)
       0      193        0      197        0      197      193        0        4

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     0.0     13.0      0.0     99.9     83.6     99.9     96.6      0.1      3.4

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

Updated January 21, 2005