WHEAT - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      241,758
COMMITMENTS
  31,412   71,375   37,805  134,268  100,713  203,486  209,893   38,272   31,865

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      5,652)
  -4,503   -4,924    2,174    5,119    6,156    2,790    3,406    2,861    2,246

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    13.0     29.5     15.6     55.5     41.7     84.2     86.8     15.8     13.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      249)
      79       93       75       58       58      176      194
 
 
CORN - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      778,220
COMMITMENTS
  64,750  190,490  111,582  451,211  278,466  627,544  580,538  150,676  197,682

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      8,397)
 -11,046   -8,900   10,138  -22,636  -25,926  -23,543  -24,687   31,940   33,085

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.3     24.5     14.3     58.0     35.8     80.6     74.6     19.4     25.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      518)
     119      160      132      198      169      398      387
 
 
OATS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:        9,562
COMMITMENTS
   3,267      420      481    1,471    6,048    5,219    6,949    4,343    2,613

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:        681)
     513      174       47      224      534      784      756     -103      -75

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    34.2      4.4      5.0     15.4     63.2     54.6     72.7     45.4     27.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       38)
      17        6        5       10       15       30       23
 
 
SOYBEANS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:      337,307
COMMITMENTS
  26,804   75,281   76,860  167,377  110,283  271,040  262,424   66,267   74,883

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     -1,970)
  -2,044   -3,671    1,941  -11,942  -11,238  -12,044  -12,967   10,074   10,997

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     7.9     22.3     22.8     49.6     32.7     80.4     77.8     19.6     22.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      338)
      89      126      117       94       99      256      276
 
 
SOYBEAN OIL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 60,000 POUNDS)                         OPEN INTEREST:      180,483
COMMITMENTS
  16,756   50,736   29,802  110,159   76,222  156,717  156,760   23,766   23,724

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     -2,576)
   1,944   -2,234      289   -3,781      -90   -1,548   -2,035   -1,028     -541

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.3     28.1     16.5     61.0     42.2     86.8     86.9     13.2     13.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      159)
      31       52       36       54       47      107      124
 
 
U.S. TREASURY BONDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:      846,211
COMMITMENTS
 175,090  151,217   83,594  425,394  413,576  684,079  648,387  162,132  197,824

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     30,113)
  -6,371   30,622     -651    1,583  -52,556   -5,440  -22,585   35,553   52,699

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    20.7     17.9      9.9     50.3     48.9     80.8     76.6     19.2     23.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      172)
      36       42       42       66       79      129      136
 
 
SOYBEAN MEAL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 100 TONS)                              OPEN INTEREST:      173,477
COMMITMENTS
   8,645   39,449   36,706   97,985   69,348  143,336  145,503   30,141   27,975

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     -5,054)
   1,617    1,215      -92   -7,970   -7,701   -6,444   -6,578    1,391    1,524

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     5.0     22.7     21.2     56.5     40.0     82.6     83.9     17.4     16.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      170)
      22       57       56       55       57      120      148
 
 
ROUGH RICE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 200,000 POUNDS)                        OPEN INTEREST:        4,818
COMMITMENTS
   1,606    1,407      353    1,239    1,484    3,198    3,244    1,621    1,574

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:        150)
     -25      -27       -8       30       86       -3       51      153       99

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    33.3     29.2      7.3     25.7     30.8     66.4     67.3     33.6     32.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       34)
      12        9        3       12        9       27       18
 
 
2-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $200,000 FACE VALUE)                   OPEN INTEREST:      312,683
COMMITMENTS
  80,008   80,054    1,023  182,049  136,803  263,080  217,880   49,603   94,803

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     16,405)
     376   -8,530     -435   -3,790  -11,531   -3,849  -20,496   20,255   36,901

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    25.6     25.6      0.3     58.2     43.8     84.1     69.7     15.9     30.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      108)
      14       32        2       37       43       53       75
 
 
10-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    2,060,643
COMMITMENTS
 281,062  312,443  234,545  1248641  978,271  1764249  1525259  296,394  535,384

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:    -82,716)
-121,253  -32,526  -48,129  -23,950 -182,661 -193,332 -263,315  110,616  180,599

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    13.6     15.2     11.4     60.6     47.5     85.6     74.0     14.4     26.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      263)
      45       67       66      106      135      191      228
 
 
5-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 FACE VALUE)                   OPEN INTEREST:    1,383,840
COMMITMENTS
 282,717  191,228  123,492  830,102  757,643  1236312  1072363  147,529  311,477

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:    -19,235)
 -54,548  -43,773  -10,161  -26,905 -102,620  -91,614 -156,555   72,379  137,320

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    20.4     13.8      8.9     60.0     54.7     89.3     77.5     10.7     22.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      192)
      29       53       46       76       99      135      168
 
 
30-DAY FEDERAL FUNDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(INTEREST ON $5,000,000 FED FUNDS)                   OPEN INTEREST:      584,246
COMMITMENTS
 153,789   55,855  165,466  232,793  335,480  552,048  556,800   32,198   27,446

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:     78,626)
  27,999   13,928    6,184   31,663   46,923   65,847   67,036   12,780   11,591

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    26.3      9.6     28.3     39.8     57.4     94.5     95.3      5.5      4.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      122)
      36       20       31       56       57      102       99
 
 
DOW JONES INDUSTRIAL AVERAGE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
($10 X DJIA INDEX)                                   OPEN INTEREST:       49,578
COMMITMENTS
  13,489    9,986      563   22,938   31,558   36,991   42,107   12,588    7,471

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      1,243)
  -1,450    1,214     -265   -2,909   -1,093   -4,625     -145    5,868    1,388

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    27.2     20.1      1.1     46.3     63.7     74.6     84.9     25.4     15.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       68)
      26       14        6       22       11       53       26
 
 
DOW JONES INDUSTRIAL AVG- x $5 - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
($5 X DJIA INDEX)                                    OPEN INTEREST:       70,585
COMMITMENTS
   8,744   25,551    1,837   48,195   26,382   58,776   53,770   11,809   16,814

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:      3,691)
    -422    4,292   -3,923    4,365   -4,231       20   -3,862    3,671    7,553

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    12.4     36.2      2.6     68.3     37.4     83.3     76.2     16.7     23.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       71)
      22       21       12       21       15       45       46
 
 
INTEREST RATE SWAPS 10YR - 3MO - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       39,125
COMMITMENTS
   7,850   10,239    1,014   29,977   26,480   38,841   37,733      284    1,392

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:       -772)
   5,958      -98        0   -6,803     -759     -845     -857       73       85

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    20.1     26.2      2.6     76.6     67.7     99.3     96.4      0.7      3.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       55)
       6       21        3       17       15       26       36
 
 
INTEREST RATE SWAPS 5YR - 3MO - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/25/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF $100,000 NOTIONAL PRINCIPA             OPEN INTEREST:       14,214
COMMITMENTS
   5,718    1,587        0    8,480   12,167   14,198   13,754       16      460

CHANGES FROM 01/18/05 (CHANGE IN OPEN INTEREST:        751)
   5,718     -160        0   -4,971      915      747      755        4       -4

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    40.2     11.2      0.0     59.7     85.6     99.9     96.8      0.1      3.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       24)
       2        6        0        7       10        9       16
 

Updated January 28, 2005