WHEAT - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      226,291
COMMITMENTS
  36,196   65,564   33,760  123,442   97,689  193,399  197,013   32,893   29,278

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      6,493)
    -427  -10,928    4,343    2,952   11,410    6,868    4,825     -375    1,668

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    16.0     29.0     14.9     54.6     43.2     85.5     87.1     14.5     12.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      295)
     102      103       81       60       72      203      220
 
 
CORN - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      747,085
COMMITMENTS
  73,993  154,398  103,172  452,870  331,183  630,034  588,752  117,051  158,333

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     20,569)
   4,068  -25,011    8,095    3,427   30,796   15,591   13,880    4,978    6,689

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.9     20.7     13.8     60.6     44.3     84.3     78.8     15.7     21.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      735)
     170      189      166      305      274      577      539
 
 
OATS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:        7,766
COMMITMENTS
   1,802      591      434    1,586    4,848    3,822    5,873    3,944    1,893

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:         56)
     555      -77      -29     -531      151       -6       45       61       10

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.2      7.6      5.6     20.4     62.4     49.2     75.6     50.8     24.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       37)
      18        5        7       13       12       32       23
 
 
SOYBEANS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      312,371
COMMITMENTS
  28,557   55,889   70,122  165,027  126,115  263,706  252,126   48,665   60,245

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      3,659)
  -2,786    2,074    4,157    3,480    1,256    4,851    7,487   -1,191   -3,828

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.1     17.9     22.4     52.8     40.4     84.4     80.7     15.6     19.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      428)
     111      159      133      116      130      312      343
 
 
SOYBEAN OIL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      169,421
COMMITMENTS
  16,155   42,643   26,358  104,279   78,401  146,791  147,402   22,629   22,018

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      6,805)
     579    3,758     -418    5,843    3,035    6,003    6,375      801      430

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     9.5     25.2     15.6     61.6     46.3     86.6     87.0     13.4     13.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      146)
      32       45       34       52       47      102      116
 
 
U.S. TREASURY BONDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      771,943
COMMITMENTS
 176,757  108,592   78,283  394,643  442,642  649,683  629,518  122,260  142,425

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     44,707)
   7,698    1,299    5,517   21,498   30,416   34,713   37,232    9,994    7,475

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    22.9     14.1     10.1     51.1     57.3     84.2     81.5     15.8     18.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      207)
      46       52       42       73       94      145      162
 
 
SOYBEAN MEAL - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      165,586
COMMITMENTS
  13,734   24,613   33,897   88,778   82,474  136,409  140,983   29,178   24,603

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     -2,491)
   5,767   -7,215   -1,254  -10,467    7,565   -5,954     -904    3,463   -1,587

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.3     14.9     20.5     53.6     49.8     82.4     85.1     17.6     14.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      171)
      34       50       53       56       57      129      138
 
 
ROUGH RICE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:        4,548
COMMITMENTS
   1,627    1,402      310    1,085    1,328    3,021    3,040    1,526    1,508

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:       -345)
      86      -28      -50     -127     -306      -91     -383     -253       39

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    35.8     30.8      6.8     23.9     29.2     66.4     66.8     33.6     33.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       33)
      10       10        3       11        9       24       19
 
 
2-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      272,211
COMMITMENTS
  73,179   87,651      374  173,308  130,624  246,861  218,649   25,350   53,562

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     19,731)
   5,376    3,308     -151   16,639   12,873   21,864   16,030   -2,133    3,701

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    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
OPTION AND FUTURES COMBINED 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:    2,165,995
COMMITMENTS
 399,523  377,252  273,349  1302185  1151103  1975056  1801704  190,939  364,291

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     25,941)
   5,718   30,013    9,151   -8,372  -19,444    6,496   19,720   19,445    6,221

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    18.4     17.4     12.6     60.1     53.1     91.2     83.2      8.8     16.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      406)
      57      122       93      156      206      274      360
 
 
5-YEAR U.S. TREASURY NOTES - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:    1,391,500
COMMITMENTS
 330,169  249,240  131,420  849,118  830,426  1310707  1211086   80,793  180,414

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     65,217)
  -2,911   -6,296   26,115   59,487   42,517   82,691   62,336  -17,474    2,882

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.7     17.9      9.4     61.0     59.7     94.2     87.0      5.8     13.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      311)
      59       92       64       96      143      188      266
 
 
30-DAY FEDERAL FUNDS - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:      477,943
COMMITMENTS
 110,323   37,806  148,684  196,130  272,149  455,137  458,638   22,805   19,304

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     33,227)
   1,062    5,808   19,159   16,129    4,378   36,350   29,345   -3,123    3,882

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.1      7.9     31.1     41.0     56.9     95.2     96.0      4.8      4.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      156)
      48       27       40       62       66      125      118
 
 
DOW JONES INDUSTRIAL AVERAGE - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:       49,425
COMMITMENTS
  17,235    9,769      819   25,725   32,946   43,778   43,533    5,647    5,891

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:     -2,009)
  -2,478      534       22      522     -344   -1,934      212      -75   -2,221

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    34.9     19.8      1.7     52.0     66.7     88.6     88.1     11.4     11.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       96)
      38       22       13       30       14       76       41
 
 
DOW JONES INDUSTRIAL AVG- x $5 - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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:       62,430
COMMITMENTS
   7,651   17,941    5,027   40,390   30,179   53,068   53,147    9,362    9,283

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:      9,857)
   1,448    4,136    1,276    9,734    5,323   12,458   10,736   -2,601     -879

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    12.3     28.7      8.1     64.7     48.3     85.0     85.1     15.0     14.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       97)
      35       27       22       22       20       64       62
 
 
INTEREST RATE SWAPS 10YR - 3MO - CHICAGO BOARD OF TRADE
OPTION AND FUTURES COMBINED 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 TRADER
     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
OPTION AND FUTURES COMBINED 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 TRADER
     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