COTTON NO. 2 - NEW YORK BOARD OF TRADE                                                                        
Commitments of Traders with Delta-adjusted Options and Futures Combined, January 25, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 50,000 POUNDS)                                               :
     :          :                                                                            :
All  :   137,839:    30,943      8,718     34,081     51,905     84,096    116,929    126,895:    20,909     10,944
Old  :   126,841:    30,640      8,703     31,333     45,636     76,342    107,609    116,379:    19,232     10,462
Other:    10,998:       914        625      2,137      6,269      7,754      9,320     10,516:     1,678        482
     :          :                                                                            :
     :          :          Changes in Commitments from: January 18, 2005                     :
     :     5,842:     1,813     -5,831      1,448     -2,593      6,386        667      2,004:     5,175      3,838
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      22.4        6.3       24.7       37.7       61.0       84.8       92.1:      15.2        7.9
Old  :     100.0:      24.2        6.9       24.7       36.0       60.2       84.8       91.8:      15.2        8.2
Other:     100.0:       8.3        5.7       19.4       57.0       70.5       84.7       95.6:      15.3        4.4
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       252:       120         42         83         68         65        216        169:
Old  :       251:       124         41         80         67         65        215        166:
Other:        84:        18         25         30         31         29         67         66:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 14.8       29.6       24.1       40.1       14.8       26.8       22.4       34.7
Old  :                 16.1       29.8       25.8       40.3       16.1       27.5       24.4       35.6
Other:                 30.9       40.2       43.6       52.0       24.2       37.8       33.4       47.2
 
FRZN CONCENTRATED ORANGE JUICE - NEW YORK BOARD OF TRADE                                                      
Commitments of Traders with Delta-adjusted Options and Futures Combined, January 25, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 15,000 POUNDS)                                               :
     :          :                                                                            :
All  :    63,052:     7,619      2,082     22,563     27,469     36,738     57,651     61,383:     5,401      1,669
Old  :    62,969:     7,624      2,027     22,556     27,405     36,718     57,585     61,301:     5,384      1,668
Other:        83:         1         61          1         64         20         66         82:        17          1
     :          :                                                                            :
     :          :          Changes in Commitments from: January 18, 2005                     :
     :      -300:    -1,044       -141      1,032         74     -1,507         63       -616:      -362        316
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      12.1        3.3       35.8       43.6       58.3       91.4       97.4:       8.6        2.6
Old  :     100.0:      12.1        3.2       35.8       43.5       58.3       91.4       97.4:       8.6        2.6
Other:     100.0:       1.2       73.2        1.3       77.0       24.2       79.5       98.7:      20.5        1.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       118:        47         27         33         36         25        105         66:
Old  :       118:        47         28         33         36         25        105         66:
Other:        13:         1          9          2          2          2          5         11:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 39.8       46.1       53.4       62.9       11.3       21.4       15.2       28.7
Old  :                 39.8       46.1       53.5       63.0       11.3       21.5       15.2       28.8
Other:                 79.2       57.5       79.5       91.8       78.0       56.5       78.0       90.6
 
COCOA - NEW YORK BOARD OF TRADE                                                                               
Commitments of Traders with Delta-adjusted Options and Futures Combined, January 25, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 10 METRIC TONS)                                              :
     :          :                                                                            :
All  :   128,801:    15,728     13,187     11,108     93,699    102,356    120,535    126,651:     8,266      2,150
Old  :    86,038:    15,587     13,010      9,566     53,450     61,349     78,603     83,926:     7,435      2,112
Other:    42,764:     1,049      1,084        634     40,249     41,008     41,932     42,726:       832         38
     :          :                                                                            :
     :          :          Changes in Commitments from: January 18, 2005                     :
     :      -210:       686        882      1,041     -1,819     -1,889        -92         35:      -118       -245
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      12.2       10.2        8.6       72.7       79.5       93.6       98.3:       6.4        1.7
Old  :     100.0:      18.1       15.1       11.1       62.1       71.3       91.4       97.5:       8.6        2.5
Other:     100.0:       2.5        2.5        1.5       94.1       95.9       98.1       99.9:       1.9        0.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       146:        53         36         40         48         39        117        104:
Old  :       146:        58         36         39         47         39        116        103:
Other:        44:         4         11          8         20         21         29         35:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 35.2       40.7       51.9       58.1       20.2       24.6       28.6       31.4
Old  :                 29.5       33.5       44.3       49.9       25.6       27.6       37.4       40.7
Other:                 69.5       71.8       83.8       86.3       55.1       61.4       64.4       71.1
 
SUGAR NO. 11 - NEW YORK BOARD OF TRADE                                                                        
Commitments of Traders with Delta-adjusted Options and Futures Combined, January 25, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 112,000 POUNDS)                                              :
     :          :                                                                            :
All  :   535,978:    97,849     23,454    114,727    227,513    346,320    440,089    484,501:    95,889     51,477
Old  :   535,978:    97,849     23,454    114,727    227,513    346,320    440,089    484,501:    95,889     51,477
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: January 18, 2005                     :
     :    21,426:    -2,367       -343        -26      4,276     10,628      1,882     10,258:    19,544     11,168
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      18.3        4.4       21.4       42.4       64.6       82.1       90.4:      17.9        9.6
Old  :     100.0:      18.3        4.4       21.4       42.4       64.6       82.1       90.4:      17.9        9.6
Other:     100.0:       0.0        0.0        0.0        0.0        0.0        0.0        0.0:       0.0        0.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       152:        58         28         53         57         49        144        104:
Old  :       152:        58         28         53         57         49        144        104:
Other:         0:         0          0          0          0          0          0          0:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 15.3       31.1       24.3       46.2        9.5       24.3       16.0       33.0
Old  :                 15.3       31.1       24.3       46.2        9.5       24.3       16.0       33.0
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
COFFEE C - NEW YORK BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, January 25, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 37,500 POUNDS)                                               :
     :          :                                                                            :
All  :   144,680:    43,249     10,002     40,348     47,998     88,016    131,595    138,366:    13,085      6,314
Old  :   141,526:    43,281     11,123     38,461     47,086     85,948    128,829    135,532:    12,697      5,993
Other:     3,154:     1,280        192        574        911      2,068      2,766      2,833:       388        321
     :          :                                                                            :
     :          :          Changes in Commitments from: January 18, 2005                     :
     :     3,485:       722        551        660      1,269      2,056      2,652      3,268:       833        217
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      29.9        6.9       27.9       33.2       60.8       91.0       95.6:       9.0        4.4
Old  :     100.0:      30.6        7.9       27.2       33.3       60.7       91.0       95.8:       9.0        4.2
Other:     100.0:      40.6        6.1       18.2       28.9       65.6       87.7       89.8:      12.3       10.2
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       386:       173         68        124        102        121        321        279:
Old  :       385:       169         74        124        101        121        320        278:
Other:        81:        14         11         17         29         41         52         60:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 12.5       20.6       20.6       32.0       10.2       15.6       17.2       24.9
Old  :                 12.7       20.9       20.9       32.5       10.4       16.0       17.5       25.3
Other:                 40.0       31.1       54.0       43.1       35.5       31.0       46.4       39.6
 
U.S. DOLLAR INDEX - NEW YORK BOARD OF TRADE                                                                   
Commitments of Traders with Delta-adjusted Options and Futures Combined, January 25, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (U.S. DOLLAR INDEX X $1000)                                                :
     :          :                                                                            :
All  :    21,218:     4,566     10,043      3,620      9,421      5,511     17,607     19,174:     3,611      2,044
Old  :    21,218:     4,566     10,043      3,620      9,421      5,511     17,607     19,174:     3,611      2,044
Other:         0:         0          0          0          0          0          0          0:         0          0
     :          :                                                                            :
     :          :          Changes in Commitments from: January 18, 2005                     :
     :     1,799:       678       -189        215        102      2,044        995      2,071:       803       -272
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      21.5       47.3       17.1       44.4       26.0       83.0       90.4:      17.0        9.6
Old  :     100.0:      21.5       47.3       17.1       44.4       26.0       83.0       90.4:      17.0        9.6
Other:     100.0:       0.0        0.0        0.0        0.0        0.0        0.0        0.0:       0.0        0.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        54:        13         28         11          8          8         29         40:
Old  :        54:        13         28         11          8          8         29         40:
Other:         0:         0          0          0          0          0          0          0:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 64.2       34.3       73.4       56.3       51.0       29.8       55.4       48.6
Old  :                 64.2       34.3       73.4       56.3       51.0       29.8       55.4       48.6
Other:                  0.0        0.0        0.0        0.0        0.0        0.0        0.0        0.0
 
 

Updated January 28, 2005