Seasonals • Charts • Strategies GRAINS · following trading day while exit on the prior. In order to reflect historical fact and actual market movement, studies on these strategy

COMMODITY PRODUCTS

2008 Moore Research Report

Seasonals • Charts • Strategies

GRAINS

Welcome to the

2008 MOORe HISTORICal GRaINS RePORT

this comprehensive report provides historical daily charts, cash and basis charts,

and seasonal strategies to help you trade.

cme Group offers the following Grain futures and options contracts: corn,

mini-sized corn, Wheat, mini-sized Wheat, oats and Rough Rice.

For more information on cme Group Grain products, visit www.cmegroup.com/commodities or contact [email protected].

to begin trading Grain futures and options on the cme Globex electronic trading platform, contact your broker directly.

PagePreface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2Seasonal Pattern Explanation and Month Symbols . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3Strategy Explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5Contract and Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17

Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .29Contract and Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41

Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .47Contract and Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .78Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .80

Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .107Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .108Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123Spread Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .125

Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .143Historical Volatility Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .144Cash & Basis Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .154

Chronological Summary of Trade & Spread Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .171

(All charts current through at least December 2007.)

Oats

Corn

Miscellaneous

Wheat(W,KW,MW)

Table of Contents

Historical Grains Report 2008 Edition

For Your Information

The Moore Research Center, Inc. (MRCI), located on 73 secluded acres outside Eugene, Oregon, is sought for its futures market analysis, combining many years of intensive computerized study and the experience of real-time trading. Our hardware and software both areconstantly upgraded, giving MRCI the speed and depth of capability tostudy price movement that we believe are state-of-the-art for the industry.

——————————————————————Copyright ©1989-2008. Moore Research Center, Inc. No part of this publication may bereproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, facsimile, or any information storage and retrieval system, without written permission. Retransmission by fax or other means which resultsin the creation of an additional copy is unlawful.

GrainInter-Market

Knowledge is the foundation essential to makingconsistently successful decisions. Would a

prudent businessman market product or purchase rawmaterial without first researching profit and cost potential? Would a successful trader/investor jump at a “hot tip” or a story in The Wall St. Journal? Or would he look before he leaped?

The purpose of this publication is to quantify pricehistory in the grains complex, offer it from a variety ofrelevant perspectives, and present it in a format useful to those whose commerce is substantially affected by fluctuations in prices for and between corn, oats, andwheat (CBOT, KCBT, MGE) futures. Therefore, notonly speculative traders but also producers, processors,and business executives throughout the industry are encouraged to thoroughly examine the following comprehensive study, for seasonality can be a primarycomponent in price movement.

Seasonal Patterns Nearly all markets — real estate, interest rates,

cash hogs, grain futures — are affected by various fundamental forces, many of which are seasonal in nature. Such forces as weather, fiscal calendars, cropcycles, and certain characteristics of futures contractsthemselves (such as delivery and expiration) tend torecur and influence, to one degree or another, certainmarkets every year. As any market or spread relationship responds to a series of annually recurringfactors, seasonal price patterns tend to evolve.

Daily seasonal patterns, both the 15- and most recent5-year, are derived from and a composite of historicaldaily price activity in the specific contract or spreadunder consideration. The numerical index to the rightreflects a historical tendency to reach its seasonal high(100) or low (0) at a given time.

Weekly continuation charts are also contract-specific.They are intended to better illustrate historical relativevalue, turning points, and long-term trends for particulartrading, spread, and hedging strategies.

Windows of OpportunityFrom these seasonal patterns, one can derive a

seasonal approach to markets that is designed to anticipate, enter, and capture recurrent price trends asthey emerge and exit before they are “realized.” Within these patterns may exist certain “windows of opportunity,” well-defined seasonal tops, bottoms, and trends.

Moore Research Center, Inc. computer programshave rigorously analyzed trends that have recurred in thesame direction during a similar period of time in at least80% of the last 15 years. The underlying theory assumes that causal fundamental factors specific to thattime period must have existed and may be influentialagain, thus making each historically 80%-or-more reliable strategy valid as a potential trading idea.

Because past performance is not necessarily indicative of future results, these strategies are notrecommendations but rather presentations of quantifiedhistorical fact — the cold, hard historical facts fromwhich to better anticipate future price movement. Essentially, these strategies identify computer-optimized, critical dates on which prices/values haveconsistently been higher/lower than on preceding dates.

In any one given year, markets can certainly tradecontrary to their usual patterns. However, rather than aseries of statistical aberrations, these strategies tend toreflect a seasonal “flow” — a matrix of tendencies —from which only unusual fundamental conditions maycause trading to depart drastically. Any assumptionsabout future price movement are merely reflections ofthe market’s own past behavior.

Special CommentsAll spread values in this publication are found by

subtracting the price (or equity value) of the sell sidefrom that for the buy side. Some spreads reflect changes in value between multiple contracts.

In any trade or spread involving wheat futures, closeattention must be paid to the appropriate exchange. Because contracts at each (Chicago Board of Trade, Kansas City Board of Trade, Minneapolis Grain Exchange) reflect trading for wheats of different type,class, use, and crop cycle, trading results will vary.

The effort to provide a cross-section of seasonalspread ideas could create some unintended net positionsif all were traded. The responsibility for developing anappropriate real-time trading plan lies with the user.

“Red” Contracts“Red” denotes a contract for delivery one year

deferred from a nearby contract of the same month. Forexample, during the year 2008, the July 2009 contract isdesignated as “Red” until the July 2008 contract expires.

Preface

Pre

face

2 HISTORICAL GRAINS REPORT

Each chart consists of two aspects of a market’s seasonal pattern—the most recent 15-year (solid line) and its most recent 5-year (dotted line), December 2007 contracts inclusive. Thus, any evolution in the pattern may

be perceived, as well as trends, tops, and bottoms coincident to both. The numerical index to the right measures the greatest historical tendency for the market to make a seasonal high (100) or low (0) at a given time.

Besides illustrating the more obvious seasonal tops, seasonal bottoms, and seasonal trends, these patterns also suggest certain cause/effect phenomena which may present secondary opportunities. For instance, do smaller but well-defined breaks/rallies typically precede certain events, such as Thanksgiving or first deliveries against a lead contract? If so, does there exist an implied opportunity?

Mar Corn(CBOT) 15 Year Seasonal(93-07)

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0

20

40

60

80

100

15 YearPattern

5 YearPattern

Seasonal Pattern Chart Explanation

Month Symbols

MONTH SYMBOL MONTH SYMBOL

January F July N

February G August Q

March H September U

April J October V

May K November X

June M December Z

MOORE RESEARCH CENTER, INC. 3

Unique MRCI strategy sheets present each historically reliable seasonal trade or spread with a table of its relevantdetail. Traders are encouraged to evaluate each strategy individually; some may be more speculative in nature than

others. To detect a trade, MRCI’s computer system scrutinizes the last 15 years (when available) of historical pricedata for those trends recurrent, with a minimum reliability of 80%, during similar time windows. Those strategies arethen subjected to further criteria established for average profit and duration of time window. Once discovered and initially evaluated, a trading strategy is outlined, its crucial data tabulated, and then presented in the format below for closer analysis perspective on the third dimension, if you will. (Special reports may contain certainstrategies that have more commercial rather than speculative application, for instance, those that duplicate/overlapother strategies or trade a “spot month” contract.)

Reading the Table

For each contract year studied, the table lists entry date and price, exit date and price, and the ultimate profit orloss. Entry and exit prices are definitively based on the settlement price of the dates listed, as are profit and lossvalues. If an optimized trade date fell on a weekend or holiday, entry was considered to have been made on the following trading day while exit on the prior. In order to reflect historical fact and actual market movement, studieson these strategy sheets do not utilize the equity protection techniques (STOPS) suggested for real-time trading. Thetable encourages further evaluation by providing peak equity/worst drawdown dates and amounts.

Because past performance is not necessarily indicative of future results, these strategies are not recommendations but rather presentations of quantified historical fact. MRCI urges all traders to employproper money- management techniques at all times.

Strategy Explanation Sheet

Stra

tegy

Exp

lana

tion

Corn(CBOT)—SeptemberBuy on approximately 01/29 - Exit on approximately 02/14 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/29/07 402.75 02/14/07 412.50 9.75 487.50 02/13/07 575.00 02/07/07 -187.502006 01/30/06 243.75 02/14/06 246.25 2.50 125.00 02/09/06 350.002005 01/31/05 219.25 02/14/05 222.25 3.00 150.00 02/14/05 150.00 02/04/05 -75.002004 01/29/04 272.00 02/13/04 284.25 12.25 612.50 02/11/04 750.002003 01/29/03 240.75 02/14/03 244.25 3.50 175.00 02/10/03 237.502002 01/29/02 225.25 02/14/02 226.50 1.25 62.50 02/13/02 100.00 02/06/02 -100.002001 01/29/01 233.25 02/14/01 236.00 2.75 137.50 02/06/01 237.50 01/31/01 -12.502000 01/31/00 240.25 02/14/00 244.50 4.25 212.50 02/10/00 350.001999 01/29/99 231.50 02/12/99 232.75 1.25 62.50 02/10/99 262.501998 01/29/98 284.75 02/13/98 285.25 0.50 25.00 02/10/98 75.00 02/06/98 -125.001997 01/29/97 266.25 02/14/97 268.00 1.75 87.50 02/12/97 87.50 02/03/97 -237.501996 01/29/96 310.25 02/14/96 323.00 12.75 637.50 02/14/96 637.501995 01/30/95 247.75 02/14/95 253.00 5.25 262.50 02/14/95 262.501994 01/31/94 279.00 02/14/94 289.00 10.00 500.00 02/11/94 500.001993 01/29/93 235.75 02/12/93 234.00 -1.75 -87.50 02/05/93 -162.50

Percentage Correct 93

Average Profit on Winning Trades 5.05 252.68 Winners 14

Average Loss on Trades -1.75 -87.50 Losers 1

Average Net Profit Per Trade 4.60 230.00 Total trades 15

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.


PageSEASONAL PATTERNS & WEEKLY CONTINUATIONS

Corn (C)CH; CH vs: CK, CN, CU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

CK; CK vs: CN, CU, CZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

CN; CN vs: CU, CZ, CH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

CU; CU vs: CZ, CH, CK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

CZ; CZ vs: CH, CK, CN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

STRATEGIESSeasonal Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Seasonal Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Cor

n (C

)

Corn (C)


Mar Corn(CBOT) - May Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Corn(CBOT) - Jul Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Cor

n: M

arch

Sea

sona

l Pat

tern

s

Mar Corn(CBOT) - Sep Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Mar Corn(CBOT) - May Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-16.00

-14.00

-12.00

-10.00

-8.00

-6.00

-4.00

-2.00

0.00

2.00

Weekly Mar Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

500.00

Weekly Mar Corn(CBOT) - Jul Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

Weekly Mar Corn(CBOT) - Sep Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00 C

orn:

Mar

ch W

eekl

ies


May Corn(CBOT) - Jul Corn(CBOT) 15 Year Seasonal(93-07)

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0

20

40

60

80

100

15 YearPattern

5 YearPattern

May Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Cor

n: M

ay S

easo

nal P

atte

rns

May Corn(CBOT) - Sep Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Corn(CBOT) - Dec Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly May Corn(CBOT) - Jul Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-14.00

-12.00

-10.00

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

Weekly May Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

500.00

Weekly May Corn(CBOT) - Sep Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

Weekly May Corn(CBOT) - Dec Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00 C

orn:

May

Wee

klie

s


Jul Corn(CBOT) - Sep Corn(CBOT) 15 Year Seasonal(93-07)

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0

20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Cor

n: J

uly

Seas

onal

Pat

tern

s

Jul Corn(CBOT) - Dec Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Corn(CBOT) - Mar Corn(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Jul Corn(CBOT) - Sep Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

20.00

25.00

Weekly Jul Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

500.00

Weekly Jul Corn(CBOT) - Dec Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

Weekly Jul Corn(CBOT) - Mar Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-5.00

0.00

5.00

10.00

15.00

20.00

25.00

30.00 C

orn:

Jul

y W

eekl

ies


Sep Corn(CBOT) - Dec Corn(CBOT) 15 Year Seasonal(93-07)

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0

20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Cor

n: S

epte

mbe

r Se

ason

al P

atte

rns

Sep Corn(CBOT) - Mar Corn(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Corn(CBOT) - May Corn(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Sep Corn(CBOT) - Dec Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

20.00

Weekly Sep Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

500.00

Weekly Sep Corn(CBOT) - Mar Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

Weekly Sep Corn(CBOT) - May Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00 C

orn:

Sep

tem

ber

Wee

klie

s


Dec Corn(CBOT) - Mar Corn(CBOT) 15 Year Seasonal(93/94-07/08)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0

20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Corn(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Corn(CBOT) - May Corn(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Cor

n: D

ecem

ber

Seas

onal

Pat

tern

s

Dec Corn(CBOT) - Jul Corn(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Dec Corn(CBOT) - Mar Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-15.00

-10.00

-5.00

0.00

5.00

Weekly Dec Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

500.00

Weekly Dec Corn(CBOT) - May Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

Weekly Dec Corn(CBOT) - Jul Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00 C

orn:

Dec

embe

r W

eekl

ies


Cor

n St

rate

gy S

umm

ary

Seasonal Corn and Spread StrategiesSeasonalStrategy

EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

1 Buy Corn(CBOT)—September 1/29 2/14 93 14 1 15 230 14/17 17


3 Sell Corn(CBOT)—December 4/06 4/28 100 15 0 15 417 18/23 18

4 Sell Corn(CBOT)—July * 4/07 6/30 80 12 3 15 803 9/85 18

5 Buy "Red" Dec Corn(CBOT)Sell Dec Corn(CBOT)

4/08 4/28 87 13 2 15 238 11/21 19


7 Sell Corn(CBOT)—July 4/25 6/27 87 13 2 15 667 10/64 20

8 Buy "Red" Jul Corn(CBOT)Sell Sep Corn(CBOT)

4/26 8/06 87 13 2 15 570 6/103 20


10 Buy Dec Corn(CBOT)Sell Jul Corn(CBOT)

5/19 6/14 93 14 1 15 238 9/27 21

11 Buy Dec Corn(CBOT)Sell Sep Corn(CBOT)

5/20 8/20 93 14 1 15 382 4/93 22

12 Sell Corn(CBOT)—September 5/21 6/29 87 13 2 15 719 18/40 22


5/21 7/02 93 14 1 15 336 8/43 23



16 Buy May Corn(CBOT)Sell Sep Corn(CBOT)

6/13 8/27 93 14 1 15 453 6/76 24

17 Buy May Corn(CBOT)Sell Dec Corn(CBOT)

6/13 9/21 100 15 0 15 221 2/101 25






8/25 10/03 87 13 2 15 442 11/40 27


9/03 10/05 87 13 2 15 347 11/33 28


* Caution: Trade exit is during delivery period. Longs may be subject to delivery.

Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.

SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.

Copyright ©1989-2008 Moore Research Center, Inc.

For other MRCI products and information: 1-800-927-7259 or (541) 484-7256 - Fax: (541) 484-0243Website: http://www.mrci.com Email: [email protected]


Cor

n St

rate

gy T

able

s


CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/29/07 402.75 02/14/07 412.50 9.75 487.50 02/13/07 575.00 02/07/07 -187.502006 01/30/06 243.75 02/14/06 246.25 2.50 125.00 02/09/06 350.002005 01/31/05 219.25 02/14/05 222.25 3.00 150.00 02/14/05 150.00 02/04/05 -75.002004 01/29/04 272.00 02/13/04 284.25 12.25 612.50 02/11/04 750.002003 01/29/03 240.75 02/14/03 244.25 3.50 175.00 02/10/03 237.502002 01/29/02 225.25 02/14/02 226.50 1.25 62.50 02/13/02 100.00 02/06/02 -100.002001 01/29/01 233.25 02/14/01 236.00 2.75 137.50 02/06/01 237.50 01/31/01 -12.502000 01/31/00 240.25 02/14/00 244.50 4.25 212.50 02/10/00 350.001999 01/29/99 231.50 02/12/99 232.75 1.25 62.50 02/10/99 262.501998 01/29/98 284.75 02/13/98 285.25 0.50 25.00 02/10/98 75.00 02/06/98 -125.001997 01/29/97 266.25 02/14/97 268.00 1.75 87.50 02/12/97 87.50 02/03/97 -237.501996 01/29/96 310.25 02/14/96 323.00 12.75 637.50 02/14/96 637.501995 01/30/95 247.75 02/14/95 253.00 5.25 262.50 02/14/95 262.501994 01/31/94 279.00 02/14/94 289.00 10.00 500.00 02/11/94 500.001993 01/29/93 235.75 02/12/93 234.00 -1.75 -87.50 02/05/93 -162.50







CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/29/07 402.75 03/09/07 416.75 14.00 700.00 02/22/07 1900.00 02/07/07 -187.502006 01/30/06 243.75 03/09/06 250.50 6.75 337.50 03/03/06 625.002005 01/31/05 219.25 03/09/05 230.00 10.75 537.50 02/28/05 800.00 02/04/05 -75.002004 01/29/04 272.00 03/09/04 297.75 25.75 1287.50 03/01/04 1375.002003 01/29/03 240.75 03/07/03 241.75 1.00 50.00 02/10/03 237.50 02/24/03 -275.002002 01/29/02 225.25 03/08/02 221.25 -4.00 -200.00 02/13/02 100.00 02/26/02 -325.002001 01/29/01 233.25 03/09/01 235.75 2.50 125.00 03/01/01 337.50 02/23/01 -25.002000 01/31/00 240.25 03/09/00 243.25 3.00 150.00 02/10/00 350.00 02/28/00 -200.001999 01/29/99 231.50 03/09/99 234.25 2.75 137.50 02/10/99 262.50 02/26/99 -362.501998 01/29/98 284.75 03/09/98 286.25 1.50 75.00 02/10/98 75.00 02/24/98 -337.501997 01/29/97 266.25 03/07/97 290.50 24.25 1212.50 03/06/97 1262.50 02/03/97 -237.501996 01/29/96 310.25 03/08/96 330.25 20.00 1000.00 02/27/96 1150.001995 01/30/95 247.75 03/09/95 255.00 7.25 362.50 03/09/95 362.501994 01/31/94 279.00 03/09/94 273.00 -6.00 -300.00 02/11/94 500.00 03/09/94 -300.001993 01/29/93 235.75 03/09/93 233.75 -2.00 -100.00 02/25/93 -225.00







Cor

n St

rate

gy T

able

sCorn(CBOT)—December

Sell on approximately 04/06 - Exit on approximately 04/28 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/09/07 386.50 04/27/07 367.50 19.00 950.00 04/27/07 950.00 04/13/07 -425.002006 04/06/06 272.75 04/28/06 271.75 1.00 50.00 04/25/06 350.00 04/07/06 -87.502005 04/06/05 231.50 04/28/05 230.25 1.25 62.50 04/18/05 150.00 04/26/05 -312.502004 04/06/04 332.25 04/28/04 310.00 22.25 1112.50 04/21/04 1512.50 04/07/04 -212.502003 04/07/03 243.75 04/28/03 232.50 11.25 562.50 04/28/03 562.502002 04/08/02 223.00 04/26/02 219.50 3.50 175.00 04/19/02 300.002001 04/06/01 237.25 04/27/01 223.00 14.25 712.50 04/24/01 837.50 04/16/01 -87.502000 04/06/00 253.00 04/28/00 250.00 3.00 150.00 04/11/00 187.50 04/25/00 -225.001999 04/06/99 236.75 04/28/99 233.00 3.75 187.50 04/27/99 225.00 04/20/99 -387.501998 04/06/98 267.75 04/28/98 267.50 0.25 12.50 04/27/98 125.00 04/21/98 -225.001997 04/07/97 289.75 04/28/97 274.50 15.25 762.50 04/28/97 762.50 04/10/97 -125.001996 04/08/96 342.25 04/26/96 329.00 13.25 662.50 04/16/96 987.50 04/10/96 -225.001995 04/06/95 264.75 04/28/95 262.50 2.25 112.50 04/18/95 300.00 04/11/95 -75.001994 04/06/94 260.75 04/28/94 256.00 4.75 237.50 04/19/94 600.001993 04/06/93 246.25 04/28/93 236.25 10.00 500.00 04/27/93 500.00 04/12/93 -150.00



Average Loss on Trades Losers 0



Corn(CBOT)—JulySell on approximately 04/07 - Exit on approximately 06/30 - Caution:

This Trade Enters Deliverable PeriodContract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/09/07 376.25 06/29/07 329.50 46.75 2337.50 06/29/07 2337.50 06/15/07 -2137.502006 04/07/06 254.50 06/30/06 235.50 19.00 950.00 06/26/06 1575.00 05/17/06 -425.002005 04/07/05 214.00 06/30/05 212.25 1.75 87.50 05/13/05 525.00 06/20/05 -1075.002004 04/07/04 337.50 06/30/04 257.50 80.00 4000.00 06/30/04 4000.00 04/08/04 -12.502003 04/07/03 244.50 06/30/03 228.50 16.00 800.00 06/30/03 800.00 05/15/03 -562.502002 04/08/02 208.00 06/28/02 225.50 -17.50 -875.00 04/29/02 387.50 06/27/02 -900.002001 04/09/01 218.50 06/29/01 188.75 29.75 1487.50 06/25/01 1700.00 04/16/01 -87.502000 04/07/00 237.75 06/30/00 187.38 50.38 2518.75 06/30/00 2518.75 05/03/00 -650.001999 04/07/99 223.50 06/30/99 211.25 12.25 612.50 06/29/99 662.50 04/20/99 -312.501998 04/07/98 255.25 06/30/98 245.25 10.00 500.00 06/10/98 1175.00 05/06/98 -287.501997 04/07/97 303.00 06/30/97 248.00 55.00 2750.00 06/27/97 2837.50 04/14/97 -162.501996 04/08/96 425.50 06/28/96 516.25 -90.75 -4537.50 04/09/96 225.00 06/28/96 -4537.501995 04/07/95 256.75 06/30/95 272.00 -15.25 -762.50 04/18/95 300.00 06/19/95 -1350.001994 04/07/94 278.25 06/30/94 249.25 29.00 1450.00 06/29/94 1600.00 06/17/94 -250.001993 04/07/93 237.25 06/30/93 222.75 14.50 725.00 06/15/93 1225.00 04/12/93 -87.50







Buy "Red" Dec Corn(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 04/08 - Exit on approximately 04/28

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 04/09/07 10.50 04/27/07 12.25 1.75 87.50 04/23/07 262.50 04/13/07 -287.502007 04/10/06 14.50 04/28/06 23.50 9.00 450.00 04/25/06 487.502006 04/08/05 15.50 04/28/05 16.75 1.25 62.50 04/18/05 100.00 04/21/05 -162.502005 04/08/04 -49.50 04/28/04 -34.75 14.75 737.50 04/26/04 1112.502004 04/08/03 -0.50 04/28/03 10.00 10.50 525.00 04/25/03 525.002003 04/08/02 20.75 04/26/02 18.75 -2.00 -100.00 04/10/02 75.00 04/25/02 -125.002002 04/09/01 24.25 04/27/01 31.25 7.00 350.00 04/27/01 350.002001 04/10/00 12.50 04/28/00 15.50 3.00 150.00 04/28/00 150.002000 04/08/99 19.50 04/28/99 19.75 0.25 12.50 04/12/99 100.00 04/19/99 -75.001999 04/08/98 3.25 04/28/98 6.25 3.00 150.00 04/22/98 150.00 04/09/98 -87.501998 04/08/97 -8.25 04/28/97 -3.50 4.75 237.50 04/28/97 237.50 04/10/97 -100.001997 04/08/96 -48.25 04/26/96 -37.00 11.25 562.50 04/16/96 737.501996 04/10/95 -7.75 04/28/95 -9.25 -1.50 -75.00 04/17/95 87.50 04/26/95 -100.001995 04/08/94 -7.25 04/28/94 -4.50 2.75 137.50 04/19/94 350.001994 04/08/93 5.25 04/28/93 10.75 5.50 275.00 04/27/93 300.00 04/16/93 -112.50






Cor

n St

rate

gy T

able

s

Corn(CBOT)—DecemberSell on approximately 04/09 - Exit on approximately 04/17 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/09/07 386.50 04/17/07 379.50 7.00 350.00 04/17/07 350.00 04/13/07 -425.002006 04/10/06 272.75 04/17/06 269.25 3.50 175.00 04/13/06 212.50 04/11/06 -50.002005 04/11/05 230.75 04/15/05 230.25 0.50 25.00 04/13/05 25.00 04/14/05 -37.502004 04/12/04 326.50 04/16/04 311.00 15.50 775.00 04/15/04 1100.002003 04/09/03 242.25 04/17/03 240.50 1.75 87.50 04/14/03 212.502002 04/09/02 222.75 04/17/02 221.00 1.75 87.50 04/15/02 250.002001 04/09/01 237.25 04/17/01 235.75 1.50 75.00 04/10/01 75.00 04/16/01 -87.502000 04/10/00 252.50 04/17/00 250.75 1.75 87.50 04/11/00 162.50 04/13/00 -62.501999 04/09/99 239.00 04/16/99 238.75 0.25 12.50 04/12/99 225.00 04/15/99 -75.001998 04/09/98 271.25 04/17/98 270.25 1.00 50.00 04/14/98 275.001997 04/09/97 289.00 04/17/97 282.75 6.25 312.50 04/16/97 350.00 04/10/97 -162.501996 04/09/96 339.50 04/17/96 326.00 13.50 675.00 04/16/96 850.00 04/10/96 -362.501995 04/10/95 265.50 04/17/95 259.50 6.00 300.00 04/17/95 300.00 04/11/95 -37.501994 04/11/94 255.50 04/15/94 254.75 0.75 37.50 04/14/94 112.50 04/13/94 -100.001993 04/12/93 249.25 04/16/93 243.50 5.75 287.50 04/16/93 287.50







Corn(CBOT)—JulySell on approximately 04/25 - Exit on approximately 06/27 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/25/07 381.75 06/27/07 343.75 38.00 1900.00 06/27/07 1900.00 06/15/07 -1862.502006 04/25/06 242.25 06/27/06 225.25 17.00 850.00 06/26/06 962.50 05/17/06 -1037.502005 04/25/05 222.25 06/27/05 221.50 0.75 37.50 05/13/05 937.50 06/20/05 -662.502004 04/26/04 307.25 06/25/04 276.25 31.00 1550.00 06/22/04 1975.00 05/03/04 -837.502003 04/25/03 234.00 06/27/03 233.50 0.50 25.00 04/28/03 137.50 05/15/03 -1087.502002 04/25/02 203.00 06/27/02 226.00 -23.00 -1150.00 04/29/02 137.50 06/27/02 -1150.002001 04/25/01 203.50 06/27/01 188.00 15.50 775.00 06/25/01 950.00 05/04/01 -325.002000 04/25/00 239.50 06/27/00 196.75 42.75 2137.50 06/26/00 2262.50 05/03/00 -562.501999 04/26/99 221.50 06/25/99 214.25 7.25 362.50 05/24/99 487.50 05/13/99 -125.001998 04/27/98 254.75 06/26/98 250.50 4.25 212.50 06/10/98 1150.00 05/06/98 -312.501997 04/25/97 294.50 06/27/97 246.25 48.25 2412.50 06/27/97 2412.50 05/01/97 -112.501996 04/25/96 482.00 06/27/96 481.50 0.50 25.00 06/05/96 2350.00 05/17/96 -1125.001995 04/25/95 255.25 06/27/95 263.50 -8.25 -412.50 05/15/95 25.00 06/19/95 -1425.001994 04/25/94 262.00 06/27/94 248.50 13.50 675.00 06/27/94 675.00 06/17/94 -1062.501993 04/26/93 231.00 06/25/93 219.00 12.00 600.00 06/15/93 912.50 05/03/93 -112.50






Cor

n St

rate

gy T

able

s

Buy "Red" Jul Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 04/26 - Exit on approximately 08/06

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 04/26/07 19.50 08/06/07 52.75 33.25 1662.50 08/01/07 1662.50 06/15/07 -200.002007 04/26/06 30.75 08/04/06 49.25 18.50 925.00 07/26/06 937.50 04/28/06 -25.002006 04/26/05 24.00 08/05/05 32.25 8.25 412.50 08/05/05 412.50 07/18/05 -362.502005 04/26/04 3.00 08/06/04 30.75 27.75 1387.50 08/06/04 1387.50 04/30/04 -112.502004 04/28/03 13.50 08/06/03 24.75 11.25 562.50 08/01/03 625.00 05/15/03 -262.502003 04/26/02 28.25 08/06/02 19.00 -9.25 -462.50 05/06/02 37.50 08/05/02 -487.502002 04/26/01 32.50 08/06/01 33.00 0.50 25.00 05/30/01 237.50 07/17/01 -237.502001 04/26/00 26.25 08/04/00 38.75 12.50 625.00 08/02/00 650.00 05/05/00 -262.502000 04/26/99 25.75 08/06/99 29.75 4.00 200.00 07/15/99 487.50 04/29/99 -75.001999 04/27/98 21.25 08/06/98 34.25 13.00 650.00 08/06/98 650.001998 04/28/97 7.00 08/06/97 16.75 9.75 487.50 07/28/97 575.001997 04/26/96 -42.50 08/06/96 -12.50 30.00 1500.00 07/22/96 1662.50 05/17/96 -987.501996 04/26/95 15.75 08/04/95 11.50 -4.25 -212.50 05/16/95 37.50 07/25/95 -525.001995 04/26/94 6.75 08/05/94 22.00 15.25 762.50 08/01/94 875.00 06/01/94 -212.501994 04/26/93 18.75 08/06/93 19.25 0.50 25.00 06/21/93 350.00 07/26/93 -162.50








CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/10/07 357.50 05/18/07 369.00 11.50 575.00 05/16/07 1000.002006 05/10/06 251.25 05/18/06 271.25 20.00 1000.00 05/17/06 1137.502005 05/10/05 216.25 05/18/05 219.00 2.75 137.50 05/18/05 137.50 05/13/05 -225.002004 05/10/04 294.75 05/18/04 286.25 -8.50 -425.00 05/11/04 25.00 05/18/04 -425.002003 05/12/03 248.50 05/16/03 250.50 2.00 100.00 05/15/03 175.00 05/14/03 -62.502002 05/10/02 212.50 05/17/02 215.25 2.75 137.50 05/15/02 500.002001 05/10/01 206.00 05/18/01 207.75 1.75 87.50 05/14/01 175.00 05/11/01 -62.502000 05/10/00 251.75 05/18/00 246.25 -5.50 -275.00 05/12/00 100.00 05/17/00 -425.001999 05/10/99 225.75 05/18/99 226.25 0.50 25.00 05/13/99 125.001998 05/11/98 254.50 05/18/98 253.50 -1.00 -50.00 05/13/98 50.00 05/12/98 -125.001997 05/12/97 268.25 05/16/97 269.00 0.75 37.50 05/16/97 37.50 05/15/97 -50.001996 05/10/96 401.50 05/17/96 430.75 29.25 1462.50 05/16/96 1550.001995 05/10/95 262.75 05/18/95 265.75 3.00 150.00 05/18/95 150.00 05/15/95 -175.001994 05/10/94 249.75 05/18/94 263.50 13.75 687.50 05/18/94 687.501993 05/10/93 231.75 05/18/93 233.75 2.00 100.00 05/12/93 275.00






Cor

n St

rate

gy T

able

s

Buy Dec Corn(CBOT) / Sell Jul Corn(CBOT)Enter on approximately 05/19 - Exit on approximately 06/14

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/21/07 -0.75 06/14/07 8.00 8.75 437.50 06/12/07 637.50 05/31/07 -237.502006 05/19/06 24.50 06/14/06 25.25 0.75 37.50 06/01/06 87.50 05/22/06 -12.502005 05/19/05 18.25 06/14/05 19.75 1.50 75.00 06/10/05 100.00 05/23/05 -112.502004 05/19/04 -8.75 06/14/04 6.25 15.00 750.00 06/14/04 750.00 05/20/04 -50.002003 05/19/03 -2.25 06/13/03 0.00 2.25 112.50 06/05/03 150.002002 05/20/02 15.00 06/14/02 16.25 1.25 62.50 05/30/02 100.002001 05/21/01 18.50 06/14/01 18.75 0.25 12.50 06/04/01 37.50 06/08/01 -12.502000 05/19/00 18.75 06/14/00 20.00 1.25 62.50 06/09/00 75.00 05/24/00 -25.001999 05/19/99 13.25 06/14/99 13.50 0.25 12.50 05/24/99 62.501998 05/19/98 12.75 06/12/98 8.50 -4.25 -212.50 06/05/98 -337.501997 05/19/97 -19.00 06/13/97 -17.50 1.50 75.00 05/27/97 337.501996 05/20/96 -153.50 06/14/96 -116.50 37.00 1850.00 06/05/96 2962.50 05/21/96 -287.501995 05/19/95 8.75 06/14/95 11.50 2.75 137.50 06/07/95 175.001994 05/19/94 -11.50 06/14/94 -10.25 1.25 62.50 05/23/94 187.50 06/07/94 -137.501993 05/19/93 10.50 06/14/93 12.50 2.00 100.00 06/09/93 125.00







Buy Dec Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 05/20 - Exit on approximately 08/20

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/21/07 -1.00 08/20/07 17.00 18.00 900.00 08/13/07 950.00 05/31/07 -287.502006 05/22/06 13.25 08/18/06 16.00 2.75 137.50 08/01/06 200.002005 05/20/05 9.75 08/19/05 13.25 3.50 175.00 08/05/05 212.50 05/23/05 -75.002004 05/20/04 -3.00 08/20/04 10.50 13.50 675.00 08/10/04 712.50 05/21/04 -37.502003 05/20/03 0.25 08/20/03 9.50 9.25 462.50 08/12/03 487.50 06/30/03 -12.502002 05/20/02 9.00 08/20/02 11.25 2.25 112.50 08/13/02 137.50 06/11/02 -25.002001 05/21/01 10.75 08/20/01 12.50 1.75 87.50 08/16/01 87.50 06/21/01 -25.002000 05/22/00 10.25 08/18/00 12.50 2.25 112.50 08/09/00 112.50 05/26/00 -12.501999 05/20/99 8.50 08/20/99 12.75 4.25 212.50 08/13/99 237.50 06/24/99 -50.001998 05/20/98 6.00 08/20/98 9.75 3.75 187.50 08/18/98 225.00 06/08/98 -150.001997 05/20/97 -2.50 08/20/97 3.75 6.25 312.50 08/13/97 337.50 06/16/97 -87.501996 05/20/96 -69.25 08/20/96 -24.50 44.75 2237.50 08/19/96 2325.001995 05/22/95 4.00 08/18/95 -2.25 -6.25 -312.50 06/07/95 75.00 08/17/95 -325.001994 05/20/94 -5.50 08/19/94 2.75 8.25 412.50 08/03/94 500.00 06/07/94 -150.001993 05/20/93 6.25 08/20/93 6.50 0.25 12.50 07/01/93 200.00 08/16/93 -87.50






Cor

n St

rate

gy T

able

s

Corn(CBOT)—SeptemberSell on approximately 05/21 - Exit on approximately 06/29 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/21/07 381.25 06/29/07 340.00 41.25 2062.50 06/29/07 2062.50 06/15/07 -2237.502006 05/22/06 265.50 06/29/06 239.75 25.75 1287.50 06/26/06 1550.00 06/02/06 -275.002005 05/23/05 232.25 06/29/05 226.00 6.25 312.50 06/10/05 600.00 06/20/05 -650.002004 05/21/04 284.75 06/29/04 272.50 12.25 612.50 06/22/04 612.50 06/01/04 -1750.002003 05/21/03 243.75 06/27/03 229.75 14.00 700.00 06/26/03 787.50 06/12/03 -62.502002 05/21/02 217.00 06/28/02 233.00 -16.00 -800.00 05/24/02 275.00 06/27/02 -837.502001 05/21/01 201.75 06/29/01 197.25 4.50 225.00 06/25/01 462.50 06/01/01 -250.002000 05/22/00 249.50 06/29/00 203.75 45.75 2287.50 06/28/00 2425.001999 05/21/99 224.00 06/29/99 215.00 9.00 450.00 06/28/99 487.50 06/08/99 -225.001998 05/21/98 252.50 06/29/98 246.75 5.75 287.50 06/10/98 850.00 06/24/98 -662.501997 05/21/97 263.50 06/27/97 236.25 27.25 1362.50 06/27/97 1362.501996 05/21/96 405.75 06/28/96 397.75 8.00 400.00 06/05/96 1625.00 05/24/96 -362.501995 05/22/95 267.25 06/29/95 273.00 -5.75 -287.50 06/19/95 -1112.501994 05/23/94 272.25 06/29/94 243.00 29.25 1462.50 06/27/94 1462.50 06/17/94 -337.501993 05/21/93 233.00 06/29/93 224.50 8.50 425.00 06/15/93 712.50







Buy "Red" Jul Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 05/21 - Exit on approximately 07/02

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 05/21/07 20.75 07/02/07 42.25 21.50 1075.00 06/29/07 1100.00 06/15/07 -262.502007 05/22/06 35.50 06/30/06 42.25 6.75 337.50 06/23/06 462.502006 05/23/05 24.50 07/01/05 25.75 1.25 62.50 06/13/05 137.50 06/24/05 -175.002005 05/21/04 3.75 07/02/04 19.25 15.50 775.00 07/01/04 787.502004 05/21/03 12.25 07/02/03 16.75 4.50 225.00 07/02/03 225.00 05/30/03 -37.502003 05/21/02 23.00 07/02/02 24.75 1.75 87.50 05/28/02 87.50 06/27/02 -162.502002 05/21/01 35.75 07/02/01 36.75 1.00 50.00 05/30/01 75.00 06/21/01 -62.502001 05/22/00 25.75 06/30/00 36.25 10.50 525.00 06/30/00 525.002000 05/21/99 25.75 07/02/99 32.00 6.25 312.50 07/02/99 312.50 06/22/99 -37.501999 05/21/98 23.00 07/02/98 23.75 0.75 37.50 06/30/98 100.00 06/05/98 -87.501998 05/21/97 12.25 07/02/97 17.00 4.75 237.50 06/30/97 287.50 06/12/97 -100.001997 05/21/96 -57.25 07/02/96 -36.25 21.00 1050.00 06/20/96 1625.001996 05/22/95 14.75 06/30/95 11.25 -3.50 -175.00 06/19/95 -325.001995 05/23/94 6.00 07/01/94 13.50 7.50 375.00 07/01/94 375.00 06/01/94 -175.001994 05/21/93 21.00 07/02/93 22.25 1.25 62.50 06/21/93 237.50






Cor

n St

rate

gy T

able

s


CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/04/07 383.75 06/29/07 329.50 54.25 2712.50 06/29/07 2712.50 06/15/07 -1762.502006 06/02/06 259.50 06/29/06 228.50 31.00 1550.00 06/26/06 1825.002005 06/02/05 217.00 06/29/05 216.50 0.50 25.00 06/10/05 350.00 06/20/05 -925.002004 06/02/04 321.75 06/29/04 268.00 53.75 2687.50 06/22/04 2700.002003 06/02/03 241.50 06/27/03 233.50 8.00 400.00 06/26/03 425.00 06/12/03 -275.002002 06/03/02 209.50 06/28/02 225.50 -16.00 -800.00 06/11/02 262.50 06/27/02 -825.002001 06/04/01 195.75 06/29/01 188.75 7.00 350.00 06/25/01 562.50 06/11/01 -150.002000 06/02/00 229.00 06/29/00 194.75 34.25 1712.50 06/28/00 1812.501999 06/02/99 216.75 06/29/99 210.25 6.50 325.00 06/29/99 325.00 06/03/99 -325.001998 06/02/98 240.50 06/29/98 238.50 2.00 100.00 06/10/98 437.50 06/24/98 -962.501997 06/02/97 274.00 06/27/97 246.25 27.75 1387.50 06/27/97 1387.50 06/03/97 -175.001996 06/03/96 465.25 06/28/96 516.25 -51.00 -2550.00 06/05/96 1512.50 06/28/96 -2550.001995 06/02/95 272.25 06/29/95 268.25 4.00 200.00 06/27/95 437.50 06/19/95 -575.001994 06/02/94 281.00 06/29/94 246.25 34.75 1737.50 06/29/94 1737.50 06/17/94 -112.501993 06/02/93 219.25 06/29/93 217.75 1.50 75.00 06/15/93 325.00 06/07/93 -137.50







Corn(CBOT)—SeptemberSell on approximately 06/09 - Exit on approximately 08/07 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/11/07 405.00 08/07/07 335.25 69.75 3487.50 07/23/07 4750.00 06/15/07 -1050.002006 06/09/06 253.75 08/07/06 239.75 14.00 700.00 06/26/06 962.50 07/12/06 -725.002005 06/09/05 225.00 08/05/05 220.50 4.50 225.00 06/10/05 237.50 07/18/05 -1750.002004 06/09/04 302.25 08/06/04 225.75 76.50 3825.00 07/30/04 4250.002003 06/09/03 235.00 08/07/03 212.25 22.75 1137.50 07/23/03 1475.00 06/12/03 -500.002002 06/10/02 214.00 08/07/02 249.00 -35.00 -1750.00 06/11/02 125.00 08/05/02 -1975.002001 06/11/01 206.50 08/07/01 216.00 -9.50 -475.00 06/25/01 700.00 07/12/01 -1387.502000 06/09/00 228.50 08/07/00 177.75 50.75 2537.50 08/07/00 2537.501999 06/09/99 226.25 08/06/99 223.50 2.75 137.50 07/13/99 2012.501998 06/09/98 236.25 08/07/98 211.25 25.00 1250.00 08/06/98 1300.00 06/24/98 -1475.001997 06/09/97 261.00 08/07/97 250.00 11.00 550.00 07/07/97 1587.50 08/01/97 -375.001996 06/10/96 400.00 08/07/96 344.75 55.25 2762.50 08/07/96 2762.50 07/12/96 -1425.001995 06/09/95 276.00 08/07/95 273.25 2.75 137.50 06/27/95 387.50 07/25/95 -1000.001994 06/09/94 265.50 08/05/94 217.25 48.25 2412.50 07/21/94 2525.00 06/17/94 -675.001993 06/09/93 224.75 08/06/93 241.00 -16.25 -812.50 06/15/93 300.00 07/06/93 -1225.00






Cor

n St

rate

gy T

able

s

Buy May Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 06/13 - Exit on approximately 08/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 06/13/07 20.25 08/27/07 43.00 22.75 1137.50 08/13/07 1162.50 06/15/07 -362.502007 06/13/06 32.00 08/25/06 41.00 9.00 450.00 08/15/06 450.00 06/14/06 -25.002006 06/13/05 23.00 08/26/05 30.25 7.25 362.50 08/26/05 362.50 07/15/05 -412.502005 06/14/04 10.75 08/27/04 22.75 12.00 600.00 08/12/04 762.50 06/16/04 -12.502004 06/13/03 11.50 08/27/03 17.50 6.00 300.00 08/08/03 525.00 06/18/03 -50.002003 06/13/02 19.00 08/27/02 19.25 0.25 12.50 07/02/02 125.00 08/14/02 -112.502002 06/13/01 28.75 08/27/01 29.50 0.75 37.50 08/24/01 75.00 07/17/01 -200.002001 06/13/00 27.00 08/25/00 31.50 4.50 225.00 08/02/00 262.502000 06/14/99 22.25 08/27/99 30.25 8.00 400.00 08/27/99 400.00 06/21/99 -50.001999 06/15/98 17.75 08/27/98 30.75 13.00 650.00 08/27/98 650.00 06/18/98 -12.501998 06/13/97 6.50 08/27/97 17.00 10.50 525.00 08/22/97 612.501997 06/13/96 -38.75 08/27/96 -9.25 29.50 1475.00 08/27/96 1475.00 07/08/96 -187.501996 06/13/95 10.75 08/25/95 8.75 -2.00 -100.00 06/27/95 50.00 07/25/95 -312.501995 06/13/94 3.50 08/26/94 17.25 13.75 687.50 08/11/94 825.001994 06/14/93 19.75 08/27/93 20.50 0.75 37.50 06/21/93 100.00 07/26/93 -200.00







Buy May Corn(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 06/13 - Exit on approximately 09/21

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 06/13/07 17.75 09/21/07 24.75 7.00 350.00 09/17/07 487.50 06/15/07 -150.002007 06/13/06 18.25 09/21/06 19.75 1.50 75.00 08/15/06 312.50 06/16/06 -37.502006 06/13/05 13.00 09/21/05 20.25 7.25 362.50 09/21/05 362.50 07/15/05 -425.002005 06/14/04 8.50 09/21/04 16.50 8.00 400.00 09/17/04 412.502004 06/13/03 9.25 09/19/03 12.25 3.00 150.00 07/23/03 287.50 09/04/03 -112.502003 06/13/02 10.00 09/20/02 10.75 0.75 37.50 06/18/02 100.00 08/14/02 -250.002002 06/13/01 17.75 09/21/01 19.00 1.25 62.50 09/19/01 100.00 07/17/01 -237.502001 06/13/00 15.75 09/21/00 19.25 3.50 175.00 07/21/00 212.502000 06/14/99 13.50 09/21/99 17.75 4.25 212.50 07/09/99 262.50 06/18/99 -12.501999 06/15/98 13.25 09/21/98 20.25 7.00 350.00 09/17/98 362.50 06/24/98 -75.001998 06/13/97 10.50 09/19/97 14.25 3.75 187.50 07/25/97 200.001997 06/13/96 6.25 09/20/96 13.75 7.50 375.00 07/22/96 475.00 06/17/96 -12.501996 06/13/95 5.75 09/21/95 9.75 4.00 200.00 09/14/95 275.00 06/14/95 -75.001995 06/13/94 9.75 09/21/94 17.00 7.25 362.50 09/19/94 375.00 06/17/94 -50.001994 06/14/93 12.75 09/21/93 13.00 0.25 12.50 09/01/93 87.50 07/16/93 -187.50






Cor

n St

rate

gy T

able

s


CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/19/07 396.00 06/29/07 329.50 66.50 3325.00 06/29/07 3325.002006 06/19/06 229.75 06/29/06 228.50 1.25 62.50 06/26/06 337.50 06/21/06 -150.002005 06/20/05 235.50 06/29/05 216.50 19.00 950.00 06/29/05 950.002004 06/21/04 274.50 06/29/04 268.00 6.50 325.00 06/22/04 337.50 06/25/04 -87.502003 06/19/03 244.50 06/27/03 233.50 11.00 550.00 06/26/03 575.002002 06/19/02 208.75 06/28/02 225.50 -16.75 -837.50 06/27/02 -862.502001 06/19/01 193.00 06/29/01 188.75 4.25 212.50 06/25/01 425.002000 06/19/00 205.50 06/29/00 194.75 10.75 537.50 06/28/00 637.501999 06/21/99 219.25 06/29/99 210.25 9.00 450.00 06/29/99 450.001998 06/19/98 253.50 06/29/98 238.50 15.00 750.00 06/29/98 750.00 06/24/98 -312.501997 06/19/97 265.25 06/27/97 246.25 19.00 950.00 06/27/97 950.00 06/20/97 -12.501996 06/19/96 473.50 06/28/96 516.25 -42.75 -2137.50 06/24/96 362.50 06/28/96 -2137.501995 06/19/95 283.75 06/29/95 268.25 15.50 775.00 06/27/95 1012.501994 06/20/94 271.25 06/29/94 246.25 25.00 1250.00 06/29/94 1250.001993 06/21/93 218.00 06/29/93 217.75 0.25 12.50 06/29/93 12.50 06/24/93 -100.00







Cor

n St

rate

gy T

able

sCorn(CBOT)—September


CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/12/07 351.50 08/01/07 319.00 32.50 1625.00 07/23/07 2075.00 07/13/07 -162.502006 07/12/06 268.25 08/01/06 240.50 27.75 1387.50 07/26/06 1612.502005 07/12/05 235.50 08/01/05 231.75 3.75 187.50 07/25/05 250.00 07/18/05 -1225.002004 07/12/04 248.00 07/30/04 217.25 30.75 1537.50 07/30/04 1537.502003 07/14/03 212.00 08/01/03 206.75 5.25 262.50 07/23/03 325.002002 07/12/02 222.50 08/01/02 249.25 -26.75 -1337.50 07/24/02 -1337.502001 07/12/01 234.25 08/01/01 215.25 19.00 950.00 07/20/01 1262.502000 07/12/00 185.75 08/01/00 179.75 6.00 300.00 07/17/00 325.00 07/21/00 -100.001999 07/12/99 186.75 07/30/99 203.25 -16.50 -825.00 07/13/99 37.50 07/23/99 -1262.501998 07/13/98 239.50 07/31/98 217.50 22.00 1100.00 07/31/98 1100.001997 07/14/97 248.50 08/01/97 268.50 -20.00 -1000.00 07/25/97 262.50 08/01/97 -1000.001996 07/12/96 428.50 08/01/96 360.50 68.00 3400.00 07/26/96 3925.001995 07/12/95 287.00 08/01/95 282.50 4.50 225.00 07/31/95 262.50 07/25/95 -450.001994 07/12/94 225.25 08/01/94 217.75 7.50 375.00 07/21/94 512.50 07/13/94 -100.001993 07/12/93 236.00 07/30/93 235.75 0.25 12.50 07/13/93 37.50 07/27/93 -425.00







CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/17/07 336.75 07/23/07 325.50 11.25 562.50 07/23/07 562.50 07/18/07 -287.502006 07/17/06 268.00 07/21/06 253.50 14.50 725.00 07/21/06 725.002005 07/18/05 270.00 07/22/05 244.75 25.25 1262.50 07/21/05 1262.502004 07/19/04 245.00 07/23/04 232.00 13.00 650.00 07/22/04 862.502003 07/17/03 211.75 07/23/03 211.50 0.25 12.50 07/18/03 37.50 07/21/03 -100.002002 07/17/02 241.50 07/23/02 251.25 -9.75 -487.50 07/22/02 -725.002001 07/17/01 236.50 07/23/01 220.75 15.75 787.50 07/20/01 800.002000 07/17/00 191.25 07/21/00 199.75 -8.50 -425.00 07/21/00 -425.001999 07/19/99 203.25 07/23/99 224.50 -21.25 -1062.50 07/23/99 -1062.501998 07/17/98 242.25 07/23/98 231.50 10.75 537.50 07/23/98 537.501997 07/17/97 248.50 07/23/97 247.75 0.75 37.50 07/21/97 87.50 07/18/97 -275.001996 07/17/96 355.00 07/23/96 331.25 23.75 1187.50 07/22/96 1312.501995 07/17/95 296.50 07/21/95 294.25 2.25 112.50 07/20/95 337.501994 07/18/94 224.75 07/22/94 217.75 7.00 350.00 07/22/94 350.001993 07/19/93 252.00 07/23/93 251.25 0.75 37.50 07/21/93 125.00








CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/24/07 358.75 09/14/07 349.00 9.75 487.50 09/06/07 975.002006 08/24/06 244.25 09/15/06 241.75 2.50 125.00 09/14/06 350.00 08/31/06 -187.502005 08/24/05 222.25 09/16/05 206.25 16.00 800.00 09/16/05 800.002004 08/24/04 242.00 09/16/04 216.25 25.75 1287.50 09/16/04 1287.50 09/01/04 -37.502003 08/25/03 235.50 09/16/03 224.25 11.25 562.50 09/16/03 562.50 09/04/03 -575.002002 08/26/02 274.75 09/16/02 278.00 -3.25 -162.50 08/29/02 400.00 09/11/02 -887.502001 08/24/01 228.25 09/14/01 224.25 4.00 200.00 09/14/01 200.00 08/31/01 -200.002000 08/24/00 188.25 09/15/00 187.75 0.50 25.00 09/15/00 25.00 09/05/00 -487.501999 08/24/99 216.50 09/16/99 212.75 3.75 187.50 09/15/99 212.50 09/07/99 -437.501998 08/24/98 215.50 09/16/98 208.75 6.75 337.50 08/31/98 800.001997 08/25/97 276.25 09/16/97 263.50 12.75 637.50 09/08/97 662.501996 08/26/96 347.75 09/16/96 314.50 33.25 1662.50 09/16/96 1662.50 08/27/96 -50.001995 08/24/95 284.75 09/15/95 303.75 -19.00 -950.00 09/15/95 -950.001994 08/24/94 224.50 09/16/94 217.75 6.75 337.50 09/16/94 337.50 09/07/94 -162.501993 08/24/93 244.25 09/16/93 238.50 5.75 287.50 09/07/93 562.50






Buy "Red" Dec Corn(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 08/25 - Exit on approximately 10/03

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 08/27/07 43.50 10/03/07 51.00 7.50 375.00 09/06/07 500.00 09/27/07 -300.002007 08/25/06 52.00 10/03/06 41.75 -10.25 -512.50 09/21/06 -712.502006 08/25/05 32.00 10/03/05 42.50 10.50 525.00 09/30/05 550.002005 08/25/04 23.50 10/01/04 39.75 16.25 812.50 09/30/04 825.00 09/01/04 -125.002004 08/25/03 5.50 10/03/03 15.25 9.75 487.50 09/30/03 562.50 09/04/03 -425.002003 08/26/02 -23.00 10/03/02 -11.75 11.25 562.50 09/30/02 737.50 09/11/02 -562.502002 08/27/01 24.00 10/03/01 36.50 12.50 625.00 10/02/01 637.50 08/31/01 -137.502001 08/25/00 41.75 10/03/00 42.00 0.25 12.50 09/19/00 100.00 08/29/00 -37.502000 08/25/99 27.75 10/01/99 34.75 7.00 350.00 10/01/99 350.001999 08/25/98 34.25 10/02/98 39.25 5.00 250.00 09/15/98 400.001998 08/25/97 -6.00 10/03/97 9.50 15.50 775.00 09/30/97 962.501997 08/26/96 -46.50 10/03/96 -2.75 43.75 2187.50 10/03/96 2187.501996 08/25/95 -23.75 10/03/95 -33.75 -10.00 -500.00 09/29/95 -637.501995 08/25/94 23.50 10/03/94 31.00 7.50 375.00 10/03/94 375.00 09/06/94 -25.001994 08/25/93 -0.50 10/01/93 5.50 6.00 300.00 09/01/93 575.00






Cor

n St

rate

gy T

able

s


Cor

n St

rate

gy T

able

sBuy "Red" Dec Corn(CBOT) / Sell Dec Corn(CBOT)

Enter on approximately 09/03 - Exit on approximately 10/05

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 09/04/07 48.00 10/05/07 51.25 3.25 162.50 09/06/07 275.00 09/27/07 -525.002007 09/05/06 49.75 10/05/06 37.00 -12.75 -637.50 10/05/06 -637.502006 09/06/05 37.25 10/05/05 44.00 6.75 337.50 10/05/05 337.502005 09/03/04 25.75 10/05/04 38.75 13.00 650.00 09/30/04 712.502004 09/03/03 -0.75 10/03/03 15.25 16.00 800.00 09/30/03 875.00 09/04/03 -112.502003 09/03/02 -20.50 10/04/02 -13.25 7.25 362.50 09/30/02 612.50 09/11/02 -687.502002 09/04/01 22.25 10/05/01 36.25 14.00 700.00 10/02/01 725.002001 09/05/00 41.50 10/05/00 42.25 0.75 37.50 09/19/00 112.50 09/11/00 -12.502000 09/03/99 28.50 10/05/99 35.75 7.25 362.50 10/05/99 362.50 09/07/99 -25.001999 09/03/98 39.25 10/05/98 40.25 1.00 50.00 09/15/98 150.00 09/29/98 -25.001998 09/03/97 1.25 10/03/97 9.50 8.25 412.50 09/30/97 600.001997 09/03/96 -38.50 10/04/96 -2.75 35.75 1787.50 10/03/96 1787.501996 09/05/95 -26.25 10/05/95 -33.75 -7.50 -375.00 09/11/95 87.50 09/29/95 -512.501995 09/06/94 23.00 10/05/94 32.00 9.00 450.00 10/04/94 450.001994 09/03/93 7.00 10/05/93 9.00 2.00 100.00 09/07/93 187.50 09/23/93 -275.00







CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/04/07 353.25 09/13/07 346.75 6.50 325.00 09/06/07 700.00 09/12/07 -162.502006 09/05/06 244.25 09/13/06 237.75 6.50 325.00 09/12/06 325.00 09/08/06 -87.502005 09/06/05 221.25 09/13/05 210.00 11.25 562.50 09/13/05 562.502004 09/07/04 226.50 09/13/04 220.50 6.00 300.00 09/13/04 300.00 09/08/04 -12.502003 09/04/03 247.00 09/12/03 228.00 19.00 950.00 09/12/03 950.002002 09/04/02 278.50 09/13/02 276.25 2.25 112.50 09/13/02 112.50 09/11/02 -700.002001 09/04/01 231.25 09/13/01 229.50 1.75 87.50 09/07/01 275.002000 09/05/00 198.00 09/13/00 191.50 6.50 325.00 09/13/00 325.001999 09/07/99 225.25 09/13/99 216.00 9.25 462.50 09/13/99 462.501998 09/04/98 208.00 09/11/98 207.75 0.25 12.50 09/11/98 12.50 09/08/98 -250.001997 09/04/97 269.75 09/12/97 264.25 5.50 275.00 09/08/97 337.50 09/11/97 -137.501996 09/04/96 333.50 09/13/96 321.50 12.00 600.00 09/13/96 600.00 09/05/96 -62.501995 09/05/95 293.00 09/13/95 299.50 -6.50 -325.00 09/06/95 100.00 09/13/95 -325.001994 09/06/94 226.75 09/13/94 225.75 1.00 50.00 09/09/94 137.50 09/07/94 -50.001993 09/07/93 233.00 09/13/93 238.75 -5.75 -287.50 09/13/93 -287.50








Oats (O)

OH; OH vs: OK, ON, OU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

OK; OK vs: ON, OU, OZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

ON; ON vs: OU, OZ, OH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

OU; OU vs: OZ, OH, OK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

OZ; OZ vs: OH, OK, ON . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

STRATEGIESSeasonal Trade Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40


Oat

s (O

)

Oats (O)


Mar Oats(CBOT) - May Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Oats(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Oats(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Oat

s: M

arch

Sea

sona

l Pat

tern

s


Weekly Mar Oats(CBOT) - May Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

Weekly Mar Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00

100.00

200.00

300.00

400.00

Weekly Mar Oats(CBOT) - Jul Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

Weekly Mar Oats(CBOT) - Sep Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00 O

ats:

Mar

ch W

eekl

ies


May Oats(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Oats(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Oat

s: M

ay S

easo

nal P

atte

rns

May Oats(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly May Oats(CBOT) - Jul Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

Weekly May Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

Weekly May Oats(CBOT) - Sep Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

Weekly May Oats(CBOT) - Dec Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00 O

ats:

May

Wee

klie

s


Jul Oats(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Oats(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Oat

s: J

uly

Seas

onal

Pat

tern

s

Jul Oats(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Jul Oats(CBOT) - Sep Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

Weekly Jul Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00

100.00

200.00

300.00

400.00

Weekly Jul Oats(CBOT) - Dec Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

Weekly Jul Oats(CBOT) - Mar Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00 O

ats:

Jul

y W

eekl

ies


Sep Oats(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Oats(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Oat

s: S

epte

mbe

r Se

ason

al P

atte

rns

Sep Oats(CBOT) - May Oats(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Sep Oats(CBOT) - Dec Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

20.00

25.00

Weekly Sep Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00

100.00

200.00

300.00

400.00

Weekly Sep Oats(CBOT) - Mar Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

Weekly Sep Oats(CBOT) - May Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00 O

ats:

Sep

tem

ber

Wee

klie

s


Dec Oats(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Oats(CBOT) - May Oats(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Oat

s: D

ecem

ber

Seas

onal

Pat

tern

s

Dec Oats(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Dec Oats(CBOT) - Mar Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

Weekly Dec Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00

100.00

200.00

300.00

Weekly Dec Oats(CBOT) - May Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

Weekly Dec Oats(CBOT) - Jul Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00 O

ats:

Dec

embe

r W

eekl

ies


Oat

s St

rate

gy S

umm

ary

Seasonal Oats StrategiesSeasonalStrategy

EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

1 Sell Oats(CBOT)—May 1/03 2/16 93 14 1 15 343 8/45 41

2 Sell Oats(CBOT)—March 1/13 2/13 87 13 2 15 221 7/32 41

3 Sell Oats(CBOT)—July 3/29 5/22 80 12 3 15 427 8/55 42

4 Buy Dec Oats(CBOT)Sell May Oats(CBOT)

3/31 4/12 87 13 2 15 206 16/13 42

5 Buy Oats(CBOT)—July 5/27 6/03 87 13 2 15 258 32/8 43

6 Sell Oats(CBOT)—September 6/03 6/19 80 12 3 15 206 12/17 43

7 Sell Oats(CBOT)—December 7/31 8/05 87 13 2 15 204 34/6 44


9 Buy Oats(CBOT)—December 8/05 10/13 87 13 2 15 586 8/70 45


11 Buy Oats(CBOT)—March 10/04 10/15 80 12 3 15 221 18/12 46





For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243


Oat

s St

rate

gy T

able

s

Oats(CBOT)—MaySell on approximately 01/03 - Exit on approximately 02/16 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/03/07 269.00 02/16/07 249.50 19.50 975.00 02/15/07 1137.50 01/12/07 -475.002006 01/03/06 192.00 02/16/06 191.00 1.00 50.00 01/09/06 612.50 02/06/06 -425.002005 01/03/05 154.75 02/16/05 152.00 2.75 137.50 02/16/05 137.50 02/01/05 -300.002004 01/05/04 155.25 02/13/04 152.50 2.75 137.50 02/13/04 137.50 01/26/04 -362.502003 01/03/03 199.50 02/14/03 196.75 2.75 137.50 01/29/03 300.00 01/09/03 -400.002002 01/03/02 194.50 02/15/02 188.75 5.75 287.50 01/16/02 1037.502001 01/03/01 119.25 02/16/01 108.25 11.00 550.00 02/12/01 575.002000 01/03/00 113.75 02/16/00 115.00 -1.25 -62.50 01/25/00 -362.501999 01/04/99 112.50 02/16/99 105.00 7.50 375.00 02/16/99 375.00 01/06/99 -175.001998 01/05/98 157.00 02/13/98 150.50 6.50 325.00 02/11/98 387.501997 01/03/97 158.00 02/14/97 156.50 1.50 75.00 01/31/97 362.50 02/12/97 -375.001996 01/03/96 246.25 02/16/96 221.75 24.50 1225.00 02/08/96 1812.501995 01/03/95 130.50 02/16/95 124.25 6.25 312.50 02/08/95 350.00 01/05/95 -25.001994 01/03/94 140.25 02/16/94 134.50 5.75 287.50 02/15/94 287.50 01/13/94 -312.501993 01/04/93 145.00 02/16/93 138.25 6.75 337.50 02/16/93 337.50 01/08/93 -175.00






Oats(CBOT)—MarchSell on approximately 01/13 - Exit on approximately 02/13 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/16/07 269.00 02/13/07 242.00 27.00 1350.00 02/13/07 1350.00 01/18/07 -162.502006 01/13/06 190.25 02/13/06 189.75 0.50 25.00 01/18/06 262.50 02/03/06 -587.502005 01/13/05 164.25 02/11/05 162.50 1.75 87.50 02/07/05 150.00 01/18/05 -387.502004 01/13/04 162.75 02/13/04 148.50 14.25 712.50 02/13/04 712.502003 01/13/03 213.00 02/13/03 210.75 2.25 112.50 01/29/03 700.00 02/11/03 -87.502002 01/14/02 190.50 02/13/02 204.25 -13.75 -687.50 01/15/02 37.50 02/06/02 -812.502001 01/16/01 104.75 02/13/01 101.50 3.25 162.50 02/13/01 162.50 01/17/01 -75.002000 01/13/00 111.75 02/11/00 109.00 2.75 137.50 02/09/00 162.50 01/25/00 -162.501999 01/13/99 106.00 02/12/99 103.75 2.25 112.50 02/12/99 112.50 01/15/99 -87.501998 01/13/98 151.50 02/13/98 144.50 7.00 350.00 02/11/98 400.001997 01/13/97 160.00 02/13/97 180.75 -20.75 -1037.50 01/20/97 337.50 02/12/97 -1287.501996 01/15/96 231.00 02/13/96 212.00 19.00 950.00 02/08/96 1212.501995 01/13/95 121.50 02/13/95 119.75 1.75 87.50 02/08/95 137.50 01/16/95 -37.501994 01/13/94 142.75 02/11/94 130.25 12.50 625.00 02/04/94 650.001993 01/13/93 146.75 02/12/93 140.25 6.50 325.00 02/05/93 425.00







Oat

s St

rate

gy T

able

sOats(CBOT)—July


CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 03/29/07 294.75 05/22/07 269.25 25.50 1275.00 05/09/07 1987.502006 03/29/06 174.50 05/22/06 196.00 -21.50 -1075.00 05/17/06 -1387.502005 03/29/05 152.75 05/20/05 135.25 17.50 875.00 05/13/05 1037.50 03/30/05 -325.002004 03/29/04 173.00 05/21/04 148.75 24.25 1212.50 05/20/04 1437.50 04/02/04 -537.502003 03/31/03 164.50 05/22/03 148.50 16.00 800.00 04/30/03 862.502002 04/01/02 174.00 05/22/02 155.50 18.50 925.00 04/19/02 2087.50 04/02/02 -50.002001 03/29/01 110.50 05/22/01 109.75 0.75 37.50 05/10/01 87.50 04/16/01 -262.502000 03/29/00 116.75 05/22/00 122.00 -5.25 -262.50 05/03/00 -575.001999 03/29/99 124.50 05/21/99 120.25 4.25 212.50 04/06/99 837.50 05/10/99 -212.501998 03/30/98 144.00 05/22/98 130.00 14.00 700.00 04/28/98 875.001997 03/31/97 173.25 05/22/97 160.50 12.75 637.50 05/20/97 850.00 04/01/97 -75.001996 03/29/96 239.25 05/22/96 226.50 12.75 637.50 04/16/96 737.50 04/26/96 -2212.501995 03/29/95 139.00 05/22/95 150.50 -11.50 -575.00 03/31/95 25.00 05/22/95 -575.001994 03/29/94 138.25 05/20/94 123.25 15.00 750.00 05/09/94 1275.001993 03/29/93 142.25 05/21/93 137.25 5.00 250.00 05/20/93 387.50 04/20/93 -937.50






Buy Dec Oats(CBOT) / Sell May Oats(CBOT)Enter on approximately 03/31 - Exit on approximately 04/12

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/02/07 -21.50 04/12/07 -8.50 13.00 650.00 04/12/07 650.002006 03/31/06 -6.25 04/12/06 -3.00 3.25 162.50 04/11/06 162.50 04/03/06 -25.002005 03/31/05 -9.25 04/12/05 -4.25 5.00 250.00 04/06/05 287.502004 03/31/04 9.00 04/12/04 13.00 4.00 200.00 04/05/04 312.502003 03/31/03 -40.25 04/11/03 -34.50 5.75 287.50 04/11/03 287.50 04/07/03 -75.002002 04/01/02 -59.25 04/12/02 -45.50 13.75 687.50 04/11/02 875.00 04/05/02 -787.502001 04/02/01 12.00 04/12/01 12.25 0.25 12.50 04/03/01 12.50 04/09/01 -12.502000 03/31/00 5.75 04/12/00 6.00 0.25 12.50 04/06/00 50.00 04/11/00 -12.501999 03/31/99 8.75 04/12/99 5.50 -3.25 -162.50 04/06/99 62.50 04/08/99 -225.001998 03/31/98 14.00 04/09/98 15.50 1.50 75.00 04/07/98 150.001997 03/31/97 -4.00 04/11/97 -2.25 1.75 87.50 04/01/97 100.001996 04/01/96 -29.75 04/12/96 -17.25 12.50 625.00 04/09/96 675.001995 03/31/95 13.75 04/12/95 13.75 0.00 0.00 04/03/95 -87.501994 03/31/94 13.75 04/12/94 15.00 1.25 62.50 04/04/94 87.501993 03/31/93 1.25 04/12/93 4.00 2.75 137.50 04/08/93 175.00 04/02/93 -12.50







Oat

s St

rate

gy T

able

s

Oats(CBOT)—JulyBuy on approximately 05/27 - Exit on approximately 06/03 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/29/07 274.00 06/01/07 286.00 12.00 600.00 06/01/07 600.002006 05/30/06 180.25 06/02/06 191.50 11.25 562.50 06/02/06 562.502005 05/27/05 135.25 06/03/05 139.00 3.75 187.50 06/01/05 225.002004 05/27/04 147.50 06/03/04 146.75 -0.75 -37.50 06/01/04 512.50 06/03/04 -37.502003 05/27/03 143.75 06/03/03 145.75 2.00 100.00 05/30/03 200.00 06/02/03 -50.002002 05/28/02 170.00 06/03/02 197.75 27.75 1387.50 06/03/02 1387.502001 05/29/01 111.75 06/01/01 115.25 3.50 175.00 06/01/01 175.002000 05/30/00 113.00 06/02/00 113.50 0.50 25.00 06/02/00 25.001999 05/27/99 121.00 06/03/99 126.25 5.25 262.50 06/03/99 262.501998 05/27/98 127.50 06/03/98 130.25 2.75 137.50 06/02/98 237.501997 05/27/97 158.25 06/03/97 171.50 13.25 662.50 06/03/97 662.501996 05/28/96 221.50 06/03/96 210.00 -11.50 -575.00 06/03/96 -575.001995 05/30/95 155.50 06/02/95 158.50 3.00 150.00 06/01/95 187.50 05/31/95 -12.501994 05/27/94 120.50 06/03/94 125.00 4.50 225.00 06/01/94 437.501993 05/27/93 135.75 06/03/93 136.00 0.25 12.50 05/28/93 87.50 06/01/93 -150.00






Oats(CBOT)—SeptemberSell on approximately 06/03 - Exit on approximately 06/19 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/04/07 293.00 06/19/07 276.25 16.75 837.50 06/19/07 837.50 06/13/07 -175.002006 06/05/06 192.50 06/19/06 193.50 -1.00 -50.00 06/09/06 262.50 06/16/06 -75.002005 06/03/05 143.50 06/17/05 156.75 -13.25 -662.50 06/15/05 -812.502004 06/03/04 152.75 06/18/04 147.00 5.75 287.50 06/18/04 287.50 06/04/04 -62.502003 06/03/03 140.50 06/19/03 139.75 0.75 37.50 06/04/03 150.00 06/12/03 -250.002002 06/03/02 159.25 06/19/02 148.75 10.50 525.00 06/10/02 950.002001 06/04/01 111.25 06/19/01 106.25 5.00 250.00 06/15/01 275.002000 06/05/00 119.00 06/19/00 113.75 5.25 262.50 06/14/00 400.00 06/06/00 -37.501999 06/03/99 122.25 06/18/99 114.75 7.50 375.00 06/16/99 450.001998 06/03/98 133.00 06/19/98 128.25 4.75 237.50 06/15/98 412.501997 06/03/97 162.00 06/19/97 148.00 14.00 700.00 06/18/97 712.501996 06/03/96 206.25 06/19/96 204.00 2.25 112.50 06/17/96 237.50 06/10/96 -837.501995 06/05/95 158.50 06/19/95 152.00 6.50 325.00 06/12/95 1012.501994 06/03/94 129.50 06/17/94 136.00 -6.50 -325.00 06/09/94 337.50 06/17/94 -325.001993 06/03/93 137.50 06/18/93 134.00 3.50 175.00 06/15/93 362.50 06/07/93 -162.50







Oat

s St

rate

gy T

able

sOats(CBOT)—December


CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/31/07 271.75 08/03/07 269.00 2.75 137.50 08/01/07 137.502006 07/31/06 198.50 08/04/06 193.50 5.00 250.00 08/04/06 250.002005 08/01/05 168.75 08/05/05 163.75 5.00 250.00 08/05/05 250.002004 08/02/04 132.00 08/05/04 140.00 -8.00 -400.00 08/05/04 -400.002003 07/31/03 146.00 08/05/03 137.25 8.75 437.50 08/05/03 437.502002 07/31/02 170.75 08/05/02 172.25 -1.50 -75.00 08/01/02 37.50 08/05/02 -75.002001 07/31/01 137.00 08/03/01 127.75 9.25 462.50 08/03/01 462.502000 07/31/00 114.75 08/04/00 110.50 4.25 212.50 08/04/00 212.501999 08/02/99 118.25 08/05/99 117.50 0.75 37.50 08/03/99 62.501998 07/31/98 116.75 08/05/98 110.50 6.25 312.50 08/05/98 312.501997 07/31/97 169.25 08/05/97 162.75 6.50 325.00 08/05/97 325.001996 07/31/96 192.75 08/05/96 183.50 9.25 462.50 08/05/96 462.50 08/01/96 -187.501995 07/31/95 172.25 08/04/95 165.25 7.00 350.00 08/04/95 350.00 08/01/95 -187.501994 08/01/94 122.50 08/05/94 120.75 1.75 87.50 08/04/94 212.50 08/02/94 -62.501993 08/02/93 146.25 08/05/93 142.00 4.25 212.50 08/05/93 212.50 08/03/93 -175.00






Oats(CBOT)—SeptemberSell on approximately 07/31 - Exit on approximately 08/30 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/31/07 261.25 08/30/07 238.25 23.00 1150.00 08/29/07 1162.50 08/07/07 -37.502006 07/31/06 189.50 08/30/06 176.25 13.25 662.50 08/14/06 750.00 08/02/06 -50.002005 08/01/05 160.00 08/30/05 142.00 18.00 900.00 08/30/05 900.00 08/02/05 -50.002004 08/02/04 124.00 08/30/04 142.50 -18.50 -925.00 08/24/04 -925.002003 07/31/03 139.75 08/29/03 139.00 0.75 37.50 08/05/03 375.00 08/18/03 -162.502002 07/31/02 178.50 08/30/02 177.50 1.00 50.00 08/08/02 75.00 08/15/02 -612.502001 07/31/01 140.50 08/30/01 139.75 0.75 37.50 08/03/01 687.50 08/29/01 -50.002000 07/31/00 106.50 08/30/00 96.50 10.00 500.00 08/07/00 500.001999 08/02/99 112.25 08/30/99 106.00 6.25 312.50 08/24/99 375.00 08/09/99 -62.501998 07/31/98 108.25 08/28/98 99.00 9.25 462.50 08/28/98 462.501997 07/31/97 169.25 08/29/97 167.50 1.75 87.50 08/11/97 400.00 08/12/97 -100.001996 07/31/96 192.25 08/30/96 190.75 1.50 75.00 08/06/96 462.50 08/12/96 -775.001995 07/31/95 169.50 08/30/95 165.75 3.75 187.50 08/11/95 637.50 08/01/95 -212.501994 08/01/94 118.25 08/30/94 118.75 -0.50 -25.00 08/04/94 87.50 08/19/94 -300.001993 08/02/93 142.25 08/30/93 137.00 5.25 262.50 08/30/93 262.50 08/03/93 -150.00







Oat

s St

rate

gy T

able

s

Oats(CBOT)—DecemberBuy on approximately 08/05 - Exit on approximately 10/13 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/06/07 270.00 10/12/07 277.00 7.00 350.00 09/28/07 987.50 08/20/07 -987.502006 08/07/06 189.25 10/13/06 236.50 47.25 2362.50 10/12/06 2550.00 08/22/06 -287.502005 08/05/05 163.75 10/13/05 171.00 7.25 362.50 10/13/05 362.50 09/02/05 -725.002004 08/05/04 140.00 10/13/04 143.75 3.75 187.50 09/16/04 1600.00 08/13/04 -350.002003 08/05/03 137.25 10/13/03 143.25 6.00 300.00 09/05/03 775.00 09/17/03 -25.002002 08/05/02 172.25 10/11/02 195.25 23.00 1150.00 10/01/02 2112.50 08/08/02 -12.502001 08/06/01 132.50 10/12/01 186.50 54.00 2700.00 10/08/01 2862.50 08/20/01 -125.002000 08/07/00 107.00 10/13/00 107.50 0.50 25.00 09/11/00 275.00 09/29/00 -87.501999 08/05/99 117.50 10/13/99 109.25 -8.25 -412.50 08/09/99 87.50 10/08/99 -437.501998 08/05/98 110.50 10/13/98 120.75 10.25 512.50 10/13/98 512.50 08/31/98 -150.001997 08/05/97 162.75 10/13/97 163.25 0.50 25.00 08/12/97 387.50 10/01/97 -412.501996 08/05/96 183.50 10/11/96 169.50 -14.00 -700.00 08/12/96 987.50 09/17/96 -1025.001995 08/07/95 160.75 10/13/95 189.75 29.00 1450.00 10/13/95 1450.001994 08/05/94 120.75 10/13/94 129.50 8.75 437.50 10/03/94 550.00 08/10/94 -75.001993 08/05/93 142.00 10/13/93 142.75 0.75 37.50 08/11/93 312.50 09/07/93 -337.50






Oats(CBOT)—DecemberBuy on approximately 08/30 - Exit on approximately 09/10 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/30/07 252.75 09/10/07 267.75 15.00 750.00 09/10/07 750.002006 08/30/06 186.00 09/08/06 193.75 7.75 387.50 09/05/06 487.502005 08/30/05 151.25 09/09/05 152.75 1.50 75.00 08/31/05 287.50 09/02/05 -100.002004 08/30/04 150.50 09/10/04 159.50 9.00 450.00 09/10/04 450.00 09/07/04 -150.002003 09/02/03 146.75 09/10/03 145.25 -1.50 -75.00 09/05/03 300.00 09/10/03 -75.002002 08/30/02 184.25 09/10/02 201.25 17.00 850.00 09/10/02 850.002001 08/30/01 140.00 09/10/01 146.75 6.75 337.50 09/10/01 337.502000 08/30/00 107.75 09/08/00 111.75 4.00 200.00 09/08/00 200.001999 08/30/99 114.50 09/10/99 116.00 1.50 75.00 09/07/99 125.001998 08/31/98 107.50 09/10/98 113.50 6.00 300.00 09/08/98 300.001997 09/02/97 166.00 09/10/97 163.00 -3.00 -150.00 09/08/97 -275.001996 08/30/96 186.00 09/10/96 186.75 0.75 37.50 09/10/96 37.50 09/04/96 -225.001995 08/30/95 174.50 09/08/95 175.00 0.50 25.00 08/31/95 100.00 09/06/95 -125.001994 08/30/94 120.50 09/09/94 126.75 6.25 312.50 09/09/94 312.501993 08/30/93 140.50 09/10/93 135.75 -4.75 -237.50 09/07/93 -262.50







Oat

s St

rate

gy T

able

sOats(CBOT)—March

Buy on approximately 10/04 - Exit on approximately 10/15 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 10/04/07 285.50 10/15/07 290.00 4.50 225.00 10/15/07 225.00 10/08/07 -175.002007 10/04/06 217.75 10/13/06 242.75 25.00 1250.00 10/12/06 1362.502006 10/04/05 170.00 10/14/05 174.50 4.50 225.00 10/13/05 387.502005 10/04/04 150.25 10/15/04 152.00 1.75 87.50 10/15/04 87.50 10/11/04 -87.502004 10/06/03 152.50 10/15/03 144.25 -8.25 -412.50 10/15/03 -412.502003 10/04/02 206.00 10/15/02 200.25 -5.75 -287.50 10/07/02 75.00 10/11/02 -712.502002 10/04/01 159.00 10/15/01 175.00 16.00 800.00 10/15/01 800.002001 10/04/00 116.00 10/13/00 117.50 1.50 75.00 10/11/00 125.002000 10/04/99 119.50 10/15/99 118.00 -1.50 -75.00 10/11/99 -125.001999 10/05/98 121.00 10/15/98 125.75 4.75 237.50 10/09/98 375.001998 10/06/97 162.25 10/15/97 170.00 7.75 387.50 10/13/97 400.001997 10/04/96 177.25 10/15/96 178.50 1.25 62.50 10/09/96 487.50 10/11/96 -125.001996 10/04/95 187.00 10/13/95 196.75 9.75 487.50 10/13/95 487.50 10/05/95 -37.501995 10/04/94 135.25 10/14/94 135.50 0.25 12.50 10/14/94 12.50 10/07/94 -75.001994 10/04/93 140.50 10/15/93 145.25 4.75 237.50 10/13/93 325.00






Oats(CBOT)—JulySell on approximately 12/14 - Exit on approximately 02/16 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/14/06 273.25 02/16/07 256.00 17.25 862.50 02/15/07 1000.00 01/18/07 -487.502006 12/14/05 190.50 02/16/06 182.00 8.50 425.00 01/17/06 925.002005 12/14/04 156.00 02/16/05 147.25 8.75 437.50 02/16/05 437.50 12/23/04 -150.002004 12/15/03 150.00 02/13/04 158.25 -8.25 -412.50 12/24/03 50.00 01/26/04 -650.002003 12/16/02 174.00 02/14/03 185.25 -11.25 -562.50 02/11/03 -850.002002 12/14/01 169.00 02/15/02 163.00 6.00 300.00 12/20/01 637.50 01/03/02 -200.002001 12/14/00 122.25 02/16/01 113.25 9.00 450.00 02/14/01 462.50 12/29/00 -187.502000 12/14/99 114.00 02/16/00 113.50 0.50 25.00 12/16/99 175.00 01/25/00 -250.001999 12/14/98 123.50 02/16/99 108.75 14.75 737.50 02/16/99 737.501998 12/15/97 164.25 02/13/98 155.25 9.00 450.00 02/11/98 487.501997 12/16/96 163.25 02/14/97 156.00 7.25 362.50 01/30/97 725.00 01/07/97 -112.501996 12/14/95 232.50 02/16/96 220.25 12.25 612.50 01/25/96 1037.50 01/03/96 -550.001995 12/14/94 131.00 02/16/95 129.50 1.50 75.00 02/08/95 112.50 12/27/94 -350.001994 12/14/93 143.00 02/16/94 139.00 4.00 200.00 02/04/94 250.00 01/13/94 -350.001993 12/14/92 153.75 02/16/93 138.00 15.75 787.50 02/16/93 787.50 12/15/92 -37.50








CBOT Wheat (W)WH; WH vs: WK, WN, WU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

WK; WK vs: WN, WU, WZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

WN; WN vs: WU, WZ, WH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

WU; WU vs: WZ, WH, WK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

WZ; WZ vs: WH, WK, WN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56KCBT Wheat (KW)

KWH; KWH vs: KWK, KWN, KWU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

KWK; KWK vs: KWN, KWU, KWZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60

KWN; KWN vs: KWU, KWZ, KWH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62

KWU; KWU vs: KWZ, KWH, KWK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

KWZ; KWZ vs: KWH, KWK, KWN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66MGE Wheat (MW)

MWH; MWH vs: MWK, MWN, MWU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

MWK; MWK vs: MWN, MWU, MWZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70

MWN; MWN vs: MWU, MWZ, MWH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72

MWU; MWU vs: MWZ, MWH, MWK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74

MWZ; MWZ vs: MWH, MWK, MWN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76

STRATEGIESSeasonal Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78


Whe

at(W

,KW

,MW

)

Wheat (W, KW, MW)


Mar Wheat(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(C

BT

): M

arch

Sea

sona

l Pat

tern

s

Mar Wheat(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Mar Wheat(CBOT) - May Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

Weekly Mar Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

1100.00

Weekly Mar Wheat(CBOT) - Jul Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00

Weekly Mar Wheat(CBOT) - Sep Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00 W

heat

(CB

T):

Mar

ch W

eekl

ies


May Wheat(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(C

BT

): M

ay S

easo

nal P

atte

rns

May Wheat(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly May Wheat(CBOT) - Jul Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

Weekly May Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

Weekly May Wheat(CBOT) - Sep Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

Weekly May Wheat(CBOT) - Dec Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00 W

heat

(CB

T):

May

Wee

klie

s


Jul Wheat(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(C

BT

): J

uly

Seas

onal

Pat

tern

s

Jul Wheat(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Wheat(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Jul Wheat(CBOT) - Sep Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

Weekly Jul Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

Weekly Jul Wheat(CBOT) - Dec Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

Weekly Jul Wheat(CBOT) - Mar Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-70.00

-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00 W

heat

(CB

T):

Jul

y W

eekl

ies


Sep Wheat(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(C

BT

): S

epte

mbe

r Se

ason

al P

atte

rns

Sep Wheat(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Wheat(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Sep Wheat(CBOT) - Dec Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

Weekly Sep Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

Weekly Sep Wheat(CBOT) - Mar Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

Weekly Sep Wheat(CBOT) - May Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00 W

heat

(CB

T):

Sep

tem

ber

Wee

klie

s


Dec Wheat(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(C

BT

): D

ecem

ber

Seas

onal

Pat

tern

s

Dec Wheat(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Dec Wheat(CBOT) - Mar Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-45.00

-40.00

-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

Weekly Dec Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

Weekly Dec Wheat(CBOT) - May Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

Weekly Dec Wheat(CBOT) - Jul Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00 W

heat

(CB

T):

Dec

embe

r W

eekl

ies


Mar Wheat(KCBT) - May Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(KCBT) - Jul Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(K

CB

T):

Mar

ch S

easo

nal P

atte

rns

Mar Wheat(KCBT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Mar Wheat(KCBT) - May Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

Weekly Mar Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

1100.00

Weekly Mar Wheat(KCBT) - Jul Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00

Weekly Mar Wheat(KCBT) - Sep Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00 W

heat

(KC

BT

): M

arch

Wee

klie

s


May Wheat(KCBT) - Jul Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(KCBT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(K

CB

T):

May

Sea

sona

l Pat

tern

s

May Wheat(KCBT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly May Wheat(KCBT) - Jul Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

180.00

200.00

Weekly May Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

1100.00

Weekly May Wheat(KCBT) - Sep Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

Weekly May Wheat(KCBT) - Dec Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00 W

heat

(KC

BT

): M

ay W

eekl

ies


Jul Wheat(KCBT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Wheat(KCBT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(K

CB

T):

Jul

y Se

ason

al P

atte

rns

Jul Wheat(KCBT) - Mar Wheat(KCBT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Jul Wheat(KCBT) - Sep Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

Weekly Jul Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

Weekly Jul Wheat(KCBT) - Dec Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

Weekly Jul Wheat(KCBT) - Mar Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00 W

heat

(KC

BT

): J

uly

Wee

klie

s


Sep Wheat(KCBT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Wheat(KCBT) - Mar Wheat(KCBT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(K

CB

T):

Sep

tem

ber

Seas

onal

Pat

tern

s

Sep Wheat(KCBT) - May Wheat(KCBT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Sep Wheat(KCBT) - Dec Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-25.00

-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

Weekly Sep Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

Weekly Sep Wheat(KCBT) - Mar Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

Weekly Sep Wheat(KCBT) - May Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00 W

heat

(KC

BT

): S

epte

mbe

r W

eekl

ies


Dec Wheat(KCBT) - Mar Wheat(KCBT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(KCBT) - May Wheat(KCBT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(K

CB

T):

Dec

embe

r Se

ason

al P

atte

rns

Dec Wheat(KCBT) - Jul Wheat(KCBT) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Dec Wheat(KCBT) - Mar Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

20.00

Weekly Dec Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

Weekly Dec Wheat(KCBT) - May Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

Weekly Dec Wheat(KCBT) - Jul Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00 W

heat

(KC

BT

): D

ecem

ber

Wee

klie

s


Mar Wheat(MGE) - May Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(MGE) - Jul Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(M

GE

): M

arch

Sea

sona

l Pat

tern

s

Mar Wheat(MGE) - Sep Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Mar Wheat(MGE) - May Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

Weekly Mar Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

1100.00

Weekly Mar Wheat(MGE) - Jul Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

Weekly Mar Wheat(MGE) - Sep Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00 W

heat

(MG

E):

Mar

ch W

eekl

ies


May Wheat(MGE) - Jul Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(MGE) - Sep Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(M

GE

): M

ay S

easo

nal P

atte

rns

May Wheat(MGE) - Dec Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly May Wheat(MGE) - Jul Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

Weekly May Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

1100.00

Weekly May Wheat(MGE) - Sep Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

Weekly May Wheat(MGE) - Dec Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00 W

heat

(MG

E):

May

Wee

klie

s


Jul Wheat(MGE) - Sep Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Wheat(MGE) - Dec Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(M

GE

): J

uly

Seas

onal

Pat

tern

s

Jul Wheat(MGE) - Mar Wheat(MGE) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Jul Wheat(MGE) - Sep Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

Weekly Jul Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

Weekly Jul Wheat(MGE) - Dec Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

Weekly Jul Wheat(MGE) - Mar Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00 W

heat

(MG

E):

Jul

y W

eekl

ies


Sep Wheat(MGE) - Dec Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Wheat(MGE) - Mar Wheat(MGE) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(M

GE

): S

epte

mbe

r Se

ason

al P

atte

rns

Sep Wheat(MGE) - May Wheat(MGE) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Sep Wheat(MGE) - Dec Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

Weekly Sep Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

Weekly Sep Wheat(MGE) - Mar Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

Weekly Sep Wheat(MGE) - May Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00 W

heat

(MG

E):

Sep

tem

ber

Wee

klie

s


Dec Wheat(MGE) - Mar Wheat(MGE) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(MGE) - May Wheat(MGE) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern

Whe

at(M

GE

): D

ecem

ber

Seas

onal

Pat

tern

s

Dec Wheat(MGE) - Jul Wheat(MGE) 15 Year Seasonal(93/94-07/08)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Dec Wheat(MGE) - Mar Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

60.00

Weekly Dec Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

1100.00

1200.00

Weekly Dec Wheat(MGE) - May Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

Weekly Dec Wheat(MGE) - Jul Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00 W

heat

(MG

E):

Dec

embe

r W

eekl

ies


Whe

at S

trat

egy

Sum

mar

ySeasonal Wheat and Spread Strategies

SeasonalStrategy

EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

1 Buy Dec Wheat(MGE)Sell May Wheat(MGE)

1/02 3/28 93 14 1 15 523 6/87 80

2 Sell Wheat(CBOT)—March 1/03 2/28 80 12 3 15 513 9/57 80

3 Buy Dec Wheat(MGE)Sell Jul Wheat(MGE)

1/03 3/31 100 15 0 15 318 4/89 81

4 Buy Mar Wheat(KCBT)Sell Mar Wheat(CBOT)

1/07 2/27 87 13 2 15 478 9/52 81

5 Buy Sep Wheat(KCBT)Sell Mar Wheat(KCBT)

1/07 2/27 87 13 2 15 329 6/52 82

6 Buy Jul Wheat(CBOT)Sell Mar Wheat(CBOT)

1/09 2/09 100 15 0 15 342 11/32 82

7 Buy Dec Wheat(CBOT)Sell May Wheat(CBOT)

2/09 4/08 93 14 1 15 428 7/60 83

8 Buy May Wheat(KCBT)Sell May Wheat(CBOT)

2/14 4/24 80 12 3 15 449 6/71 83


3/25 4/12 87 13 2 15 394 21/19 84

10 Buy Jul Wheat(KCBT)Sell Jul Wheat(MGE)

3/28 4/18 87 13 2 15 350 16/22 84

11 Buy Jul Wheat(KCBT)Sell Jul Wheat(CBOT)

3/28 6/29 93 14 1 15 856 9/94 85

12 Buy May Wheat(MGE)Sell May Wheat(KCBT)

4/19 4/27 80 12 3 15 313 35/9 85

13 Sell Wheat(CBOT)—July 5/11 6/08 80 12 3 15 561 19/29 86

14 Buy Jul Wheat(MGE)Sell Jul Wheat(CBOT)

5/21 6/29 100 15 0 15 843 21/40 86

15 Sell Wheat(CBOT)—September 5/21 7/09 80 12 3 15 544 11/50 87

16 Sell Wheat(KCBT)—September 5/21 7/10 80 12 3 15 549 11/51 87

17 Buy Jul Wheat(MGE)Sell Mar Wheat(MGE)

5/24 6/22 100 15 0 15 441 15/30 88

18 Buy Jul Wheat(MGE)Sell Dec Wheat(MGE)

6/04 6/21 93 14 1 15 370 21/18 88

19 Buy Sep Wheat(MGE)Sell Sep Wheat(KCBT)

6/12 7/03 93 14 1 15 429 20/22 89

20 Buy Dec Wheat(MGE)Sell Dec Wheat(KCBT)

6/20 7/08 100 15 0 15 353 19/19 89

21 Buy Sep Wheat(KCBT)Sell Sep Wheat(MGE)

7/18 8/11 100 15 0 15 383 15/25 90

22 Buy Dec Wheat(CBOT)Sell Dec Wheat(MGE)

7/19 8/22 93 14 1 15 495 14/35 90

23 Buy Wheat(MGE)—December 8/05 10/25 80 12 3 15 1483 18/82 91

24 Buy Dec Wheat(KCBT)Sell Dec Wheat(CBOT)

8/11 11/04 87 13 2 15 476 6/86 91

25 Buy Wheat(MGE)—May 8/12 9/25 80 12 3 15 984 22/45 92





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Seasonal Wheat and Spread StrategiesSeasonalStrategy

EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

26 Buy Wheat(KCBT)—May 8/13 10/23 80 12 3 15 1178 16/72 92

27 Buy Dec Wheat(KCBT)Sell Jul Wheat(KCBT)

8/19 10/11 80 12 3 15 820 15/54 93


8/24 11/25 87 13 2 15 644 7/94 93


9/07 9/29 93 14 1 15 325 14/23 94

30 Buy Dec Wheat(MGE)Sell Dec Wheat(CBOT)

9/07 10/14 87 13 2 15 616 16/38 94


32 Buy Wheat(CBOT)—December 9/19 10/22 80 12 3 15 698 21/34 95

33 Buy Wheat(KCBT)—December 9/19 10/22 80 12 3 15 699 21/34 96

34 Sell Wheat(KCBT)—March 10/14 12/10 80 12 3 15 310 5/58 96

35 Sell Wheat(MGE)—March 10/16 12/10 80 12 3 15 193 3/56 97


37 Sell Wheat(MGE)—July 10/23 12/11 87 13 2 15 198 4/50 98



11/11 1/24 87 13 2 15 438 6/75 99

40 Buy Sep Wheat(KCBT)Sell May Wheat(KCBT)

11/12 1/30 100 15 0 15 475 6/80 99




44 Buy Sep Wheat(CBOT)Sell Mar Wheat(CBOT)

11/14 2/27 93 14 1 15 1093 10/106 101


11/17 11/29 93 14 1 15 325 25/13 102

46 Buy Sep Wheat(MGE)Sell May Wheat(MGE)

11/21 2/27 100 15 0 15 645 7/99 102



11/24 2/07 100 15 0 15 733 10/76 103

49 Buy Jul Wheat(KCBT)Sell Mar Wheat(KCBT)

11/24 2/15 93 14 1 15 531 6/84 104

50 Buy Jul Wheat(CBOT)Sell May Wheat(CBOT)

12/08 2/28 100 15 0 15 456 5/83 104

51 Buy Wheat(CBOT)—July 12/15 1/13 87 13 2 15 558 19/30 105


12/20 1/10 93 14 1 15 348 16/22 105

53 Buy Wheat(KCBT)—July 12/20 2/23 80 12 3 15 571 9/66 106


12/26 1/18 87 13 2 15 368 15/24 106





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lesBuy Dec Wheat(MGE) / Sell May Wheat(MGE)


CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/03/07 5.50 03/28/07 21.00 15.50 775.00 01/25/07 975.002006 01/03/06 2.00 03/28/06 17.00 15.00 750.00 03/17/06 837.502005 01/03/05 10.50 03/28/05 17.25 6.75 337.50 03/18/05 600.00 01/19/05 -612.502004 01/02/04 -19.00 03/26/04 5.25 24.25 1212.50 03/10/04 1275.002003 01/02/03 -28.75 03/28/03 -6.25 22.50 1125.00 01/10/03 1237.502002 01/02/02 22.25 03/28/02 23.00 0.75 37.50 03/20/02 162.50 02/14/02 -137.502001 01/02/01 25.00 03/28/01 28.25 3.25 162.50 02/27/01 187.50 01/05/01 -87.502000 01/03/00 23.00 03/28/00 31.75 8.75 437.50 03/27/00 512.501999 01/04/99 12.25 03/26/99 23.25 11.00 550.00 03/24/99 675.00 01/26/99 -487.501998 01/02/98 12.25 03/27/98 13.50 1.25 62.50 02/27/98 487.501997 01/02/97 -11.00 03/27/97 -8.75 2.25 112.50 03/06/97 -362.501996 01/02/96 -26.50 03/28/96 -22.00 4.50 225.00 01/05/96 287.50 02/21/96 -550.001995 01/03/95 -17.50 03/28/95 8.25 25.75 1287.50 03/28/95 1287.50 01/04/95 -150.001994 01/03/94 -23.50 03/28/94 1.50 25.00 1250.00 03/28/94 1250.00 01/07/94 -300.001993 01/04/93 -11.75 03/26/93 -21.50 -9.75 -487.50 02/12/93 725.00 03/25/93 -587.50






Wheat(CBOT)—MarchSell on approximately 01/03 - Exit on approximately 02/28 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/03/07 476.50 02/28/07 474.50 2.00 100.00 01/10/07 1350.00 02/22/07 -650.002006 01/03/06 346.00 02/28/06 370.25 -24.25 -1212.50 01/18/06 1175.00 02/27/06 -1362.502005 01/03/05 302.25 02/28/05 337.25 -35.00 -1750.00 02/04/05 725.00 02/28/05 -1750.002004 01/05/04 398.50 02/27/04 380.75 17.75 887.50 02/18/04 1700.00 01/12/04 -37.502003 01/03/03 330.50 02/28/03 312.50 18.00 900.00 02/27/03 1075.00 01/08/03 -325.002002 01/03/02 300.00 02/28/02 267.25 32.75 1637.50 02/28/02 1637.50 01/11/02 -412.502001 01/03/01 283.25 02/28/01 265.00 18.25 912.50 02/27/01 1287.50 01/11/01 -325.002000 01/03/00 247.50 02/28/00 244.50 3.00 150.00 02/28/00 150.00 02/10/00 -1212.501999 01/04/99 279.00 02/26/99 237.25 41.75 2087.50 02/26/99 2087.50 01/08/99 -612.501998 01/05/98 331.00 02/27/98 327.50 3.50 175.00 02/25/98 612.50 02/03/98 -662.501997 01/03/97 384.00 02/28/97 373.00 11.00 550.00 02/10/97 1575.00 01/08/97 -550.001996 01/03/96 508.25 02/28/96 508.00 0.25 12.50 01/17/96 1462.50 02/14/96 -987.501995 01/03/95 395.50 02/28/95 349.75 45.75 2287.50 02/28/95 2287.50 01/04/95 -125.001994 01/03/94 372.75 02/28/94 342.50 30.25 1512.50 02/28/94 1512.50 01/13/94 -962.501993 01/04/93 361.25 02/26/93 372.25 -11.00 -550.00 02/08/93 37.50 01/19/93 -1562.50







Buy Dec Wheat(MGE) / Sell Jul Wheat(MGE)Enter on approximately 01/03 - Exit on approximately 03/31

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/03/07 1.50 03/30/07 11.75 10.25 512.50 01/31/07 825.002006 01/03/06 3.50 03/31/06 11.50 8.00 400.00 03/17/06 400.00 01/12/06 -12.502005 01/03/05 9.00 03/31/05 15.00 6.00 300.00 03/18/05 325.00 01/19/05 -287.502004 01/05/04 -1.00 03/31/04 2.25 3.25 162.50 03/10/04 450.00 02/23/04 -425.002003 01/03/03 -14.00 03/31/03 0.50 14.50 725.00 03/19/03 837.502002 01/03/02 15.00 03/28/02 16.00 1.00 50.00 01/30/02 125.00 02/14/02 -112.502001 01/03/01 17.00 03/30/01 19.75 2.75 137.50 02/27/01 200.00 01/05/01 -12.502000 01/03/00 15.50 03/31/00 22.00 6.50 325.00 03/30/00 375.00 02/25/00 -50.001999 01/04/99 8.75 03/31/99 17.00 8.25 412.50 03/24/99 450.00 01/26/99 -337.501998 01/05/98 6.75 03/31/98 11.75 5.00 250.00 03/03/98 337.50 01/09/98 -12.501997 01/03/97 -2.00 03/31/97 -0.50 1.50 75.00 02/21/97 325.00 01/17/97 -162.501996 01/03/96 -11.75 03/29/96 -11.50 0.25 12.50 01/05/96 200.00 02/13/96 -350.001995 01/03/95 -7.00 03/31/95 5.75 12.75 637.50 03/31/95 637.50 01/04/95 -125.001994 01/03/94 -9.50 03/31/94 4.50 14.00 700.00 03/31/94 700.00 01/07/94 -137.501993 01/04/93 0.50 03/31/93 1.75 1.25 62.50 02/16/93 275.00 01/19/93 -225.00






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Buy Mar Wheat(KCBT) / Sell Mar Wheat(CBOT)Enter on approximately 01/07 - Exit on approximately 02/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/08/07 15.00 02/27/07 27.25 12.25 612.50 02/15/07 900.002006 01/09/06 44.00 02/27/06 67.25 23.25 1162.50 02/10/06 1537.50 01/10/06 -62.502005 01/07/05 35.00 02/25/05 39.00 4.00 200.00 01/19/05 250.00 01/11/05 -187.502004 01/07/04 2.25 02/27/04 3.50 1.25 62.50 02/18/04 500.00 02/09/04 -75.002003 01/07/03 35.00 02/27/03 29.50 -5.50 -275.00 01/27/03 75.00 01/13/03 -625.002002 01/07/02 -14.25 02/27/02 8.75 23.00 1150.00 02/27/02 1150.00 01/11/02 -50.002001 01/08/01 47.25 02/27/01 47.75 0.50 25.00 02/22/01 112.50 02/14/01 -150.002000 01/07/00 26.00 02/25/00 29.00 3.00 150.00 02/23/00 275.001999 01/07/99 33.00 02/26/99 34.00 1.00 50.00 01/26/99 312.50 02/19/99 -137.501998 01/07/98 8.25 02/27/98 19.50 11.25 562.50 02/27/98 562.501997 01/07/97 21.50 02/27/97 50.50 29.00 1450.00 02/12/97 2100.00 01/08/97 -50.001996 01/08/96 0.00 02/27/96 32.00 32.00 1600.00 02/22/96 1700.00 01/12/96 -37.501995 01/09/95 -3.25 02/27/95 10.50 13.75 687.50 02/21/95 837.501994 01/07/94 -2.25 02/25/94 6.25 8.50 425.00 02/25/94 425.00 02/04/94 -400.001993 01/07/93 -11.75 02/26/93 -25.50 -13.75 -687.50 01/08/93 12.50 02/26/93 -687.50







Buy Sep Wheat(KCBT) / Sell Mar Wheat(KCBT)Enter on approximately 01/07 - Exit on approximately 02/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/08/07 9.00 02/27/07 21.00 12.00 600.00 01/30/07 662.50 01/12/07 -200.002006 01/09/06 2.00 02/27/06 13.00 11.00 550.00 02/27/06 550.00 02/10/06 -275.002005 01/07/05 -8.75 02/25/05 -19.75 -11.00 -550.00 01/10/05 225.00 02/25/05 -550.002004 01/07/04 -9.25 02/27/04 10.00 19.25 962.50 02/27/04 962.50 01/08/04 -62.502003 01/07/03 -27.25 02/27/03 -7.75 19.50 975.00 01/13/03 1075.002002 01/07/02 18.00 02/27/02 19.00 1.00 50.00 01/10/02 112.50 01/08/02 -50.002001 01/08/01 25.75 02/27/01 27.00 1.25 62.50 02/07/01 250.002000 01/07/00 30.75 02/25/00 31.50 0.75 37.50 02/25/00 37.50 02/10/00 -250.001999 01/07/99 23.00 02/26/99 26.75 3.75 187.50 02/16/99 337.50 01/11/99 -12.501998 01/07/98 18.75 02/27/98 20.00 1.25 62.50 01/21/98 212.50 02/24/98 -125.001997 01/07/97 -59.00 02/27/97 -42.75 16.25 812.50 02/27/97 812.50 02/11/97 -325.001996 01/08/96 -43.50 02/27/96 -58.50 -15.00 -750.00 01/26/96 -1675.001995 01/09/95 -32.00 02/27/95 -22.50 9.50 475.00 01/19/95 762.50 02/13/95 -100.001994 01/07/94 -44.75 02/25/94 -18.25 26.50 1325.00 02/24/94 1575.001993 01/07/93 -36.25 02/26/93 -33.50 2.75 137.50 02/12/93 662.50 01/19/93 -212.50






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Buy Jul Wheat(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 01/09 - Exit on approximately 02/09

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/09/07 13.25 02/09/07 22.75 9.50 475.00 02/07/07 512.502006 01/09/06 19.75 02/09/06 20.75 1.00 50.00 02/02/06 87.50 01/10/06 -37.502005 01/10/05 13.50 02/09/05 14.50 1.00 50.00 02/04/05 100.002004 01/09/04 -4.25 02/09/04 -3.00 1.25 62.50 02/02/04 312.50 01/16/04 -12.502003 01/09/03 -10.00 02/07/03 -8.50 1.50 75.00 01/10/03 475.002002 01/09/02 -8.25 02/08/02 9.00 17.25 862.50 02/04/02 887.502001 01/09/01 21.50 02/09/01 23.50 2.00 100.00 01/30/01 100.00 01/11/01 -37.502000 01/10/00 21.25 02/09/00 22.00 0.75 37.50 02/07/00 62.50 01/25/00 -25.001999 01/11/99 20.50 02/09/99 21.00 0.50 25.00 01/13/99 25.00 01/29/99 -50.001998 01/09/98 15.25 02/09/98 18.00 2.75 137.50 01/22/98 162.50 01/12/98 -37.501997 01/09/97 -43.50 02/07/97 -17.00 26.50 1325.00 02/07/97 1325.001996 01/09/96 -63.75 02/09/96 -61.25 2.50 125.00 01/22/96 300.00 01/29/96 -700.001995 01/09/95 -43.50 02/09/95 -30.00 13.50 675.00 01/19/95 812.50 01/10/95 -62.501994 01/10/94 -44.50 02/09/94 -25.75 18.75 937.50 02/08/94 1075.001993 01/11/93 -48.25 02/09/93 -44.50 3.75 187.50 02/08/93 325.00 01/21/93 -387.50







Buy Dec Wheat(CBOT) / Sell May Wheat(CBOT)Enter on approximately 02/09 - Exit on approximately 04/08

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 02/09/07 27.25 04/05/07 37.75 10.50 525.00 04/03/07 812.50 02/20/07 -137.502006 02/09/06 29.75 04/07/06 40.50 10.75 537.50 04/06/06 537.50 02/10/06 -12.502005 02/09/05 19.75 04/08/05 28.00 8.25 412.50 04/08/05 412.50 02/25/05 -100.002004 02/09/04 1.75 04/08/04 21.25 19.50 975.00 04/08/04 975.00 02/10/04 -87.502003 02/10/03 7.00 04/08/03 21.75 14.75 737.50 04/08/03 737.50 02/18/03 -175.002002 02/11/02 17.75 04/08/02 23.25 5.50 275.00 03/11/02 275.00 02/22/02 -112.502001 02/09/01 36.50 04/06/01 37.00 0.50 25.00 03/22/01 37.50 12/30/00 -125.002000 02/09/00 34.00 04/07/00 37.50 3.50 175.00 03/31/00 225.001999 02/09/99 32.50 04/08/99 37.25 4.75 237.50 04/08/99 237.501998 02/09/98 25.25 04/08/98 32.50 7.25 362.50 04/08/98 362.50 02/12/98 -50.001997 02/10/97 2.50 04/08/97 16.50 14.00 700.00 04/08/97 700.00 02/25/97 -362.501996 02/09/96 -29.50 04/08/96 -21.00 8.50 425.00 03/19/96 950.00 02/16/96 -250.001995 02/09/95 -8.75 04/07/95 16.75 25.50 1275.00 04/07/95 1275.00 02/10/95 -87.501994 02/09/94 -5.50 04/08/94 1.50 7.00 350.00 03/29/94 725.00 02/11/94 -137.501993 02/09/93 -9.50 04/08/93 -21.25 -11.75 -587.50 02/12/93 212.50 03/25/93 -1187.50






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Buy May Wheat(KCBT) / Sell May Wheat(CBOT)Enter on approximately 02/14 - Exit on approximately 04/24

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 02/14/07 20.75 04/24/07 10.25 -10.50 -525.00 03/02/07 475.00 04/24/07 -525.002006 02/14/06 59.50 04/24/06 86.75 27.25 1362.50 04/12/06 2112.50 02/15/06 -150.002005 02/14/05 13.75 04/22/05 18.75 5.00 250.00 02/22/05 300.00 03/17/05 -700.002004 02/17/04 2.25 04/23/04 12.50 10.25 512.50 04/22/04 525.00 03/01/04 -162.502003 02/14/03 18.00 04/24/03 32.50 14.50 725.00 03/27/03 962.50 02/18/03 -162.502002 02/14/02 4.00 04/24/02 16.00 12.00 600.00 04/19/02 900.00 03/27/02 -262.502001 02/14/01 43.00 04/24/01 54.50 11.50 575.00 04/23/01 625.00 02/15/01 -25.002000 02/14/00 28.75 04/24/00 29.25 0.50 25.00 02/23/00 137.50 04/11/00 -287.501999 02/16/99 34.00 04/23/99 25.00 -9.00 -450.00 03/29/99 -450.001998 02/17/98 11.50 04/24/98 24.00 12.50 625.00 04/23/98 625.001997 02/14/97 26.50 04/24/97 46.50 20.00 1000.00 04/18/97 1800.00 02/26/97 -162.501996 02/14/96 6.00 04/24/96 32.50 26.50 1325.00 04/24/96 1325.001995 02/14/95 -2.50 04/24/95 10.50 13.00 650.00 04/21/95 687.501994 02/14/94 -4.75 04/22/94 10.75 15.50 775.00 04/21/94 800.00 02/23/94 -137.501993 02/16/93 -12.75 04/23/93 -27.00 -14.25 -712.50 03/12/93 275.00 04/22/93 -1012.50







Buy May Wheat(KCBT) / Sell May Wheat(CBOT)Enter on approximately 03/25 - Exit on approximately 04/12

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 03/26/07 19.00 04/12/07 26.50 7.50 375.00 04/12/07 375.00 03/29/07 -387.502006 03/27/06 57.75 04/12/06 101.75 44.00 2200.00 04/12/06 2200.002005 03/28/05 10.25 04/12/05 11.50 1.25 62.50 04/12/05 62.50 03/30/05 -262.502004 03/25/04 1.50 04/12/04 4.50 3.00 150.00 04/02/04 325.002003 03/25/03 35.00 04/11/03 36.25 1.25 62.50 03/27/03 112.50 04/02/03 -137.502002 03/25/02 0.00 04/12/02 9.00 9.00 450.00 04/04/02 800.00 03/27/02 -62.502001 03/26/01 44.00 04/12/01 46.50 2.50 125.00 04/03/01 162.502000 03/27/00 25.00 04/12/00 23.00 -2.00 -100.00 04/06/00 75.00 04/11/00 -100.001999 03/25/99 28.00 04/12/99 25.75 -2.25 -112.50 03/29/99 -150.001998 03/25/98 12.50 04/09/98 20.25 7.75 387.50 04/08/98 462.501997 03/25/97 26.75 04/11/97 48.50 21.75 1087.50 04/11/97 1087.50 03/31/97 -87.501996 03/25/96 13.50 04/12/96 30.50 17.00 850.00 04/12/96 850.001995 03/27/95 1.00 04/12/95 3.00 2.00 100.00 03/29/95 225.00 04/06/95 -25.001994 03/25/94 -1.25 04/12/94 -0.25 1.00 50.00 03/29/94 237.50 04/07/94 -75.001993 03/25/93 -19.50 04/12/93 -15.00 4.50 225.00 03/26/93 312.50






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Buy Jul Wheat(KCBT) / Sell Jul Wheat(MGE)Enter on approximately 03/28 - Exit on approximately 04/18

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 03/28/07 -31.25 04/18/07 -18.00 13.25 662.50 04/18/07 662.50 04/02/07 -150.002006 03/28/06 7.75 04/18/06 26.75 19.00 950.00 04/12/06 1062.50 04/04/06 -25.002005 03/28/05 -18.25 04/18/05 -11.25 7.00 350.00 04/15/05 487.50 03/30/05 -50.002004 03/29/04 -26.00 04/16/04 -18.50 7.50 375.00 04/13/04 700.002003 03/28/03 -48.00 04/17/03 -35.50 12.50 625.00 04/17/03 625.00 03/31/03 -37.502002 03/28/02 -11.25 04/18/02 -6.00 5.25 262.50 04/17/02 350.00 04/10/02 -137.502001 03/28/01 -9.25 04/18/01 -8.25 1.00 50.00 04/09/01 225.002000 03/28/00 -42.00 04/18/00 -39.75 2.25 112.50 04/03/00 212.50 04/11/00 -100.001999 03/29/99 -36.25 04/16/99 -39.25 -3.00 -150.00 04/06/99 300.00 04/12/99 -225.001998 03/30/98 -39.75 04/17/98 -36.75 3.00 150.00 04/02/98 162.50 04/13/98 -75.001997 03/31/97 -8.00 04/18/97 16.75 24.75 1237.50 04/18/97 1237.50 04/07/97 -387.501996 03/28/96 7.00 04/18/96 15.75 8.75 437.50 04/15/96 775.00 04/10/96 -262.501995 03/28/95 -6.25 04/18/95 -2.50 3.75 187.50 04/13/95 550.00 03/31/95 -12.501994 03/28/94 -4.75 04/18/94 -4.50 0.25 12.50 03/29/94 50.00 04/15/94 -137.501993 03/29/93 -10.25 04/16/93 -10.50 -0.25 -12.50 04/02/93 12.50 04/06/93 -62.50







Buy Jul Wheat(KCBT) / Sell Jul Wheat(CBOT)Enter on approximately 03/28 - Exit on approximately 06/29

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 03/28/07 3.75 06/29/07 14.50 10.75 537.50 06/29/07 537.50 06/22/07 -1262.502006 03/28/06 52.00 06/29/06 122.75 70.75 3537.50 06/29/06 3537.502005 03/28/05 -1.50 06/29/05 4.50 6.00 300.00 05/19/05 500.00 03/30/05 -212.502004 03/29/04 1.75 06/29/04 21.50 19.75 987.50 06/22/04 1287.50 03/30/04 -100.002003 03/28/03 17.50 06/27/03 5.00 -12.50 -625.00 04/10/03 150.00 06/12/03 -1150.002002 03/28/02 9.75 06/28/02 15.50 5.75 287.50 06/21/02 712.50 05/15/02 -187.502001 03/28/01 43.75 06/29/01 46.25 2.50 125.00 05/15/01 812.50 03/29/01 -12.502000 03/28/00 24.25 06/29/00 39.00 14.75 737.50 06/29/00 737.50 05/15/00 -162.501999 03/29/99 25.00 06/29/99 28.50 3.50 175.00 06/10/99 425.00 05/10/99 -287.501998 03/30/98 13.00 06/29/98 26.25 13.25 662.50 05/28/98 675.001997 03/31/97 2.50 06/27/97 13.50 11.00 550.00 04/18/97 1700.001996 03/28/96 29.50 06/28/96 73.75 44.25 2212.50 06/17/96 3312.50 04/10/96 -625.001995 03/28/95 3.50 06/29/95 48.50 45.00 2250.00 06/26/95 2325.00 04/10/95 -25.001994 03/28/94 0.25 06/29/94 12.75 12.50 625.00 06/22/94 737.50 04/11/94 -200.001993 03/29/93 -6.25 06/29/93 3.25 9.50 475.00 06/21/93 650.00 03/31/93 -12.50






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Buy May Wheat(MGE) / Sell May Wheat(KCBT)Enter on approximately 04/19 - Exit on approximately 04/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/19/07 11.00 04/27/07 46.00 35.00 1750.00 04/27/07 1750.00 04/20/07 -12.502006 04/19/06 -23.75 04/27/06 -15.25 8.50 425.00 04/27/06 425.002005 04/19/05 1.50 04/27/05 -3.75 -5.25 -262.50 04/22/05 -275.002004 04/19/04 19.75 04/27/04 27.00 7.25 362.50 04/26/04 500.002003 04/21/03 25.25 04/25/03 27.50 2.25 112.50 04/25/03 112.50 04/23/03 -50.002002 04/19/02 3.00 04/26/02 13.00 10.00 500.00 04/26/02 500.002001 04/19/01 8.50 04/27/01 1.25 -7.25 -362.50 04/27/01 -362.502000 04/19/00 39.50 04/27/00 43.75 4.25 212.50 04/27/00 212.50 04/24/00 -37.501999 04/19/99 46.25 04/27/99 49.00 2.75 137.50 04/26/99 187.501998 04/20/98 42.00 04/27/98 52.00 10.00 500.00 04/27/98 500.001997 04/21/97 -30.50 04/25/97 -29.50 1.00 50.00 04/23/97 62.50 04/22/97 -62.501996 04/19/96 -28.75 04/26/96 -36.75 -8.00 -400.00 04/24/96 -537.501995 04/19/95 -4.50 04/27/95 10.00 14.50 725.00 04/27/95 725.00 04/24/95 -137.501994 04/19/94 18.50 04/26/94 36.25 17.75 887.50 04/26/94 887.501993 04/19/93 0.25 04/27/93 1.50 1.25 62.50 04/21/93 75.00 04/23/93 -187.50







Wheat(CBOT)—JulySell on approximately 05/11 - Exit on approximately 06/08 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/11/07 493.00 06/08/07 527.50 -34.50 -1725.00 05/22/07 1100.00 06/08/07 -1725.002006 05/11/06 392.00 06/08/06 383.50 8.50 425.00 06/08/06 425.00 05/22/06 -1712.502005 05/11/05 313.75 06/08/05 313.25 0.50 25.00 05/13/05 550.00 05/26/05 -1200.002004 05/11/04 379.00 06/08/04 363.00 16.00 800.00 05/14/04 1025.00 06/01/04 -462.502003 05/12/03 331.00 06/06/03 320.50 10.50 525.00 06/04/03 875.00 05/15/03 -387.502002 05/13/02 278.75 06/07/02 275.00 3.75 187.50 05/22/02 487.50 06/03/02 -400.002001 05/11/01 271.25 06/08/01 264.00 7.25 362.50 05/22/01 575.00 05/14/01 -362.502000 05/11/00 282.00 06/08/00 266.50 15.50 775.00 06/07/00 887.50 05/12/00 -112.501999 05/11/99 267.00 06/08/99 255.25 11.75 587.50 05/24/99 987.50 05/12/99 -175.001998 05/11/98 304.75 06/08/98 275.50 29.25 1462.50 06/08/98 1462.50 05/13/98 -100.001997 05/12/97 399.00 06/06/97 359.50 39.50 1975.00 06/04/97 2262.501996 05/13/96 588.00 06/07/96 502.25 85.75 4287.50 06/05/96 4962.50 05/17/96 -50.001995 05/11/95 361.75 06/08/95 378.75 -17.00 -850.00 05/17/95 262.50 06/02/95 -1212.501994 05/11/94 321.75 06/08/94 339.00 -17.25 -862.50 05/27/94 187.50 06/08/94 -862.501993 05/11/93 293.50 06/08/93 284.75 8.75 437.50 06/01/93 537.50 05/20/93 -212.50






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Buy Jul Wheat(MGE) / Sell Jul Wheat(CBOT)Enter on approximately 05/21 - Exit on approximately 06/29

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/21/07 25.75 06/29/07 41.00 15.25 762.50 06/29/07 762.50 06/15/07 -2300.002006 05/22/06 54.50 06/29/06 116.00 61.50 3075.00 06/29/06 3075.00 05/25/06 -37.502005 05/23/05 14.75 06/29/05 16.50 1.75 87.50 06/13/05 787.50 05/26/05 -150.002004 05/21/04 38.25 06/29/04 58.00 19.75 987.50 06/24/04 1062.50 05/25/04 -125.002003 05/21/03 33.00 06/27/03 55.25 22.25 1112.50 06/27/03 1112.50 06/12/03 -462.502002 05/21/02 20.00 06/28/02 22.00 2.00 100.00 06/07/02 287.50 06/19/02 -525.002001 05/21/01 62.75 06/29/01 63.25 0.50 25.00 05/25/01 62.50 06/18/01 -325.002000 05/22/00 53.50 06/29/00 54.00 0.50 25.00 06/14/00 375.00 05/26/00 -87.501999 05/21/99 68.25 06/29/99 90.50 22.25 1112.50 06/28/99 1200.001998 05/21/98 64.75 06/29/98 78.75 14.00 700.00 06/29/98 700.00 06/09/98 -162.501997 05/21/97 22.00 06/27/97 53.25 31.25 1562.50 06/27/97 1562.50 05/27/97 -187.501996 05/21/96 64.25 06/28/96 83.00 18.75 937.50 06/20/96 1262.50 06/03/96 -987.501995 05/22/95 16.50 06/29/95 46.50 30.00 1500.00 06/27/95 1700.00 06/01/95 -250.001994 05/23/94 14.50 06/29/94 20.75 6.25 312.50 06/22/94 350.00 06/07/94 -437.501993 05/21/93 10.75 06/29/93 17.50 6.75 337.50 06/29/93 337.50 06/14/93 -125.00







Wheat(CBOT)—SeptemberSell on approximately 05/21 - Exit on approximately 07/09 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/21/07 492.50 07/09/07 599.50 -107.00 -5350.00 05/22/07 387.50 06/26/07 -6675.002006 05/22/06 440.00 07/07/06 398.25 41.75 2087.50 06/19/06 3187.502005 05/23/05 344.25 07/08/05 337.25 7.00 350.00 06/13/05 1012.50 06/24/05 -300.002004 05/21/04 376.50 07/09/04 338.00 38.50 1925.00 07/09/04 1925.00 06/01/04 -1037.502003 05/21/03 336.75 07/09/03 317.00 19.75 987.50 06/27/03 1625.00 06/12/03 -300.002002 05/21/02 278.50 07/09/02 320.50 -42.00 -2100.00 05/24/02 187.50 07/05/02 -2212.502001 05/21/01 273.50 07/09/01 268.00 5.50 275.00 06/28/01 950.00 06/01/01 -362.502000 05/22/00 291.75 07/07/00 254.75 37.00 1850.00 07/07/00 1850.00 05/23/00 -50.001999 05/21/99 262.75 07/09/99 243.75 19.00 950.00 07/09/99 950.00 06/14/99 -587.501998 05/21/98 309.25 07/09/98 279.75 29.50 1475.00 07/02/98 1537.501997 05/21/97 389.50 07/09/97 334.25 55.25 2762.50 07/07/97 3387.501996 05/21/96 573.00 07/09/96 491.00 82.00 4100.00 07/05/96 4975.001995 05/22/95 372.75 07/07/95 417.00 -44.25 -2212.50 06/29/95 -3862.501994 05/23/94 341.50 07/08/94 321.25 20.25 1012.50 07/06/94 1400.00 06/13/94 -300.001993 05/21/93 299.75 07/09/93 298.75 1.00 50.00 06/16/93 825.00 07/06/93 -650.00






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Wheat(KCBT)—SeptemberSell on approximately 05/21 - Exit on approximately 07/10 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/21/07 483.25 07/10/07 590.00 -106.75 -5337.50 05/22/07 400.00 06/14/07 -6462.502006 05/22/06 523.50 07/10/06 511.25 12.25 612.50 06/14/06 2712.502005 05/23/05 346.50 07/08/05 340.00 6.50 325.00 06/08/05 1150.00 06/20/05 -200.002004 05/21/04 391.75 07/09/04 368.50 23.25 1162.50 07/01/04 1475.00 06/01/04 -950.002003 05/21/03 344.50 07/10/03 304.50 40.00 2000.00 07/08/03 2162.502002 05/21/02 288.00 07/10/02 347.50 -59.50 -2975.00 05/22/02 62.50 07/10/02 -2975.002001 05/21/01 330.25 07/10/01 306.00 24.25 1212.50 06/28/01 1462.50 06/01/01 -275.002000 05/22/00 314.75 07/10/00 296.25 18.50 925.00 07/06/00 925.00 06/27/00 -387.501999 05/21/99 287.50 07/09/99 266.75 20.75 1037.50 07/09/99 1037.50 06/14/99 -812.501998 05/21/98 330.00 07/10/98 297.50 32.50 1625.00 07/10/98 1625.001997 05/21/97 411.00 07/10/97 334.25 76.75 3837.50 07/07/97 4287.501996 05/21/96 640.00 07/10/96 520.00 120.00 6000.00 07/05/96 6675.001995 05/22/95 376.00 07/10/95 433.00 -57.00 -2850.00 06/29/95 -4850.001994 05/23/94 341.50 07/08/94 328.50 13.00 650.00 07/05/94 912.50 06/15/94 -375.001993 05/21/93 300.50 07/09/93 300.25 0.25 12.50 06/30/93 862.50 07/06/93 -587.50







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lesBuy Jul Wheat(MGE) / Sell Mar Wheat(MGE)


CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/24/07 -19.50 06/22/07 -8.00 11.50 575.00 06/22/07 575.00 06/12/07 -1075.002006 05/24/06 -24.75 06/22/06 -11.25 13.50 675.00 06/22/06 675.00 05/31/06 -362.502005 05/24/05 -26.75 06/22/05 -21.75 5.00 250.00 06/15/05 725.00 06/02/05 -12.502004 05/24/04 -10.00 06/22/04 -7.00 3.00 150.00 06/08/04 475.00 06/01/04 -75.002003 05/27/03 -8.50 06/20/03 -5.25 3.25 162.50 06/09/03 400.00 05/28/03 -137.502002 05/24/02 -22.75 06/21/02 -6.00 16.75 837.50 06/21/02 837.50 05/28/02 -112.502001 05/24/01 -30.75 06/22/01 -30.00 0.75 37.50 06/07/01 200.002000 05/24/00 -37.00 06/22/00 -29.50 7.50 375.00 06/22/00 375.00 05/26/00 -62.501999 05/24/99 -23.25 06/22/99 -16.50 6.75 337.50 06/11/99 350.00 05/25/99 -25.001998 05/26/98 -12.00 06/22/98 -7.50 4.50 225.00 06/22/98 225.00 06/09/98 -350.001997 05/27/97 -12.25 06/20/97 6.75 19.00 950.00 06/19/97 1000.001996 05/24/96 31.50 06/21/96 44.00 12.50 625.00 06/21/96 625.00 06/04/96 -1337.501995 05/24/95 -3.25 06/22/95 18.00 21.25 1062.50 06/22/95 1062.50 05/30/95 -125.001994 05/24/94 -5.25 06/22/94 -1.00 4.25 212.50 05/26/94 337.50 06/01/94 -250.001993 05/24/93 -12.50 06/22/93 -9.75 2.75 137.50 06/17/93 262.50 05/26/93 -137.50






Buy Jul Wheat(MGE) / Sell Dec Wheat(MGE)Enter on approximately 06/04 - Exit on approximately 06/21

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/04/07 -17.75 06/21/07 -12.00 5.75 287.50 06/21/07 287.50 06/12/07 -437.502006 06/05/06 -17.75 06/21/06 -13.50 4.25 212.50 06/21/06 212.50 06/15/06 -175.002005 06/06/05 -16.00 06/21/05 -9.25 6.75 337.50 06/15/05 625.00 06/07/05 -37.502004 06/04/04 -2.75 06/21/04 -1.50 1.25 62.50 06/08/04 187.502003 06/04/03 -0.50 06/20/03 4.50 5.00 250.00 06/09/03 312.50 06/13/03 -62.502002 06/04/02 -11.00 06/21/02 -3.00 8.00 400.00 06/21/02 400.002001 06/04/01 -18.50 06/21/01 -18.50 0.00 0.00 06/06/01 75.00 06/15/01 -75.002000 06/05/00 -23.50 06/21/00 -20.00 3.50 175.00 06/21/00 175.00 06/13/00 -25.001999 06/04/99 -12.50 06/21/99 -10.75 1.75 87.50 06/09/99 125.00 06/16/99 -50.001998 06/04/98 -9.00 06/19/98 -6.25 2.75 137.50 06/18/98 150.00 06/10/98 -125.001997 06/04/97 -1.25 06/20/97 10.25 11.50 575.00 06/20/97 575.001996 06/04/96 14.00 06/21/96 48.50 34.50 1725.00 06/21/96 1725.00 06/05/96 -112.501995 06/05/95 3.00 06/21/95 15.50 12.50 625.00 06/19/95 750.00 06/06/95 -87.501994 06/06/94 -4.25 06/21/94 2.25 6.50 325.00 06/16/94 387.501993 06/04/93 -7.00 06/21/93 0.00 7.00 350.00 06/17/93 350.00



Average Loss on Trades 0.00 0.00 Losers 1




Buy Sep Wheat(MGE) / Sell Sep Wheat(KCBT)Enter on approximately 06/12 - Exit on approximately 07/03

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/12/07 0.00 07/03/07 17.25 17.25 862.50 06/29/07 1462.50 06/15/07 -700.002006 06/12/06 -31.75 07/03/06 -10.75 21.00 1050.00 07/03/06 1050.002005 06/13/05 17.00 07/01/05 13.25 -3.75 -187.50 06/20/05 -300.002004 06/14/04 17.25 07/02/04 23.75 6.50 325.00 06/29/04 687.502003 06/12/03 18.50 07/03/03 28.75 10.25 512.50 06/25/03 587.502002 06/12/02 -5.50 07/03/02 11.50 17.00 850.00 07/03/02 850.00 06/13/02 -287.502001 06/12/01 5.75 07/03/01 17.25 11.50 575.00 07/03/01 575.00 06/18/01 -62.502000 06/12/00 24.00 07/03/00 27.25 3.25 162.50 07/03/00 162.50 06/29/00 -575.001999 06/14/99 43.00 07/02/99 55.25 12.25 612.50 06/24/99 750.001998 06/12/98 42.50 07/02/98 49.75 7.25 362.50 07/02/98 362.50 06/19/98 -350.001997 06/12/97 13.75 07/03/97 19.00 5.25 262.50 06/27/97 587.50 06/16/97 -362.501996 06/12/96 -29.00 07/03/96 -22.00 7.00 350.00 06/28/96 562.501995 06/12/95 -2.25 07/03/95 -1.50 0.75 37.50 06/21/95 175.00 06/15/95 -250.001994 06/13/94 -3.50 07/01/94 -2.00 1.50 75.00 06/17/94 187.501993 06/14/93 -2.00 07/02/93 9.75 11.75 587.50 07/02/93 587.50 06/18/93 -125.00






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Buy Dec Wheat(MGE) / Sell Dec Wheat(KCBT)Enter on approximately 06/20 - Exit on approximately 07/08

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/20/07 -0.75 07/06/07 11.00 11.75 587.50 06/29/07 725.002006 06/20/06 -29.00 07/07/06 -5.50 23.50 1175.00 07/07/06 1175.002005 06/20/05 10.50 07/08/05 12.75 2.25 112.50 06/23/05 225.002004 06/21/04 17.25 07/08/04 18.00 0.75 37.50 06/29/04 387.50 07/07/04 -50.002003 06/20/03 23.25 07/08/03 24.75 1.50 75.00 06/24/03 125.00 06/27/03 -250.002002 06/20/02 -9.50 07/08/02 5.75 15.25 762.50 07/05/02 937.50 06/24/02 -25.002001 06/20/01 6.25 07/06/01 15.75 9.50 475.00 07/06/01 475.002000 06/20/00 18.75 07/07/00 19.75 1.00 50.00 07/03/00 350.00 06/29/00 -325.001999 06/21/99 41.75 07/08/99 51.75 10.00 500.00 07/08/99 500.00 06/22/99 -25.001998 06/22/98 29.75 07/08/98 36.00 6.25 312.50 07/06/98 512.501997 06/20/97 6.00 07/08/97 13.75 7.75 387.50 06/30/97 450.00 06/24/97 -12.501996 06/20/96 -21.00 07/08/96 -17.25 3.75 187.50 07/08/96 187.50 06/21/96 -75.001995 06/20/95 -2.50 07/07/95 -2.25 0.25 12.50 07/05/95 187.50 06/27/95 -625.001994 06/20/94 -2.75 07/08/94 -0.25 2.50 125.00 06/28/94 150.00 07/06/94 -100.001993 06/21/93 -4.50 07/08/93 5.50 10.00 500.00 07/02/93 562.50







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lesBuy Sep Wheat(KCBT) / Sell Sep Wheat(MGE)


CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/18/07 -19.00 08/10/07 -9.50 9.50 475.00 07/31/07 1050.002006 07/18/06 -9.75 08/11/06 -2.75 7.00 350.00 08/01/06 1162.502005 07/18/05 -8.75 08/11/05 3.00 11.75 587.50 08/11/05 587.50 08/03/05 -237.502004 07/19/04 -17.00 08/11/04 -13.25 3.75 187.50 08/02/04 237.50 07/26/04 -162.502003 07/18/03 -26.00 08/11/03 -15.25 10.75 537.50 08/11/03 537.50 07/29/03 -87.502002 07/18/02 -12.25 08/09/02 -11.25 1.00 50.00 08/06/02 525.00 07/25/02 -125.002001 07/18/01 -10.50 08/10/01 -7.50 3.00 150.00 08/10/01 150.00 07/26/01 -275.002000 07/18/00 -24.25 08/11/00 -13.50 10.75 537.50 08/11/00 537.501999 07/19/99 -60.75 08/11/99 -42.75 18.00 900.00 08/03/99 1075.001998 07/20/98 -47.50 08/11/98 -44.75 2.75 137.50 08/03/98 712.501997 07/18/97 -29.75 08/11/97 -20.00 9.75 487.50 08/06/97 625.00 07/21/97 -25.001996 07/18/96 16.25 08/09/96 16.75 0.50 25.00 08/09/96 25.00 08/01/96 -462.501995 07/18/95 -8.50 08/11/95 9.50 18.00 900.00 08/11/95 900.00 07/20/95 -200.001994 07/18/94 -2.75 08/11/94 0.00 2.75 137.50 08/01/94 487.50 07/19/94 -75.001993 07/19/93 -13.00 08/11/93 -7.25 5.75 287.50 07/29/93 412.50 07/26/93 -212.50






Buy Dec Wheat(CBOT) / Sell Dec Wheat(MGE)Enter on approximately 07/19 - Exit on approximately 08/22

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/19/07 3.00 08/22/07 60.25 57.25 2862.50 08/22/07 2862.50 07/20/07 -125.002006 07/19/06 -86.75 08/22/06 -68.75 18.00 900.00 08/02/06 1150.002005 07/19/05 -12.00 08/22/05 -10.00 2.00 100.00 08/11/05 262.50 08/16/05 -312.502004 07/19/04 -41.75 08/20/04 -27.00 14.75 737.50 08/17/04 800.00 07/21/04 -162.502003 07/21/03 -15.50 08/22/03 -12.25 3.25 162.50 08/08/03 487.50 07/29/03 -50.002002 07/19/02 -35.00 08/22/02 -53.00 -18.00 -900.00 08/07/02 125.00 08/22/02 -900.002001 07/19/01 -36.50 08/22/01 -34.25 2.25 112.50 08/22/01 112.50 07/26/01 -437.502000 07/19/00 -59.25 08/22/00 -55.00 4.25 212.50 08/14/00 625.001999 07/19/99 -76.75 08/20/99 -61.00 15.75 787.50 08/04/99 1012.501998 07/20/98 -58.50 08/21/98 -58.00 0.50 25.00 08/03/98 475.00 08/17/98 -325.001997 07/21/97 -34.00 08/22/97 -22.00 12.00 600.00 08/13/97 875.001996 07/19/96 -15.75 08/22/96 -2.25 13.50 675.00 08/16/96 1075.00 07/26/96 -212.501995 07/19/95 -17.00 08/22/95 -2.25 14.75 737.50 08/01/95 800.001994 07/19/94 -2.50 08/22/94 4.50 7.00 350.00 08/01/94 362.50 07/22/94 -112.501993 07/19/93 -8.00 08/20/93 -6.75 1.25 62.50 08/13/93 437.50 08/18/93 -50.00







Wheat(MGE)—DecemberBuy on approximately 08/05 - Exit on approximately 10/25 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/06/07 662.75 10/25/07 822.00 159.25 7962.50 10/01/07 13187.50 08/20/07 -387.502006 08/07/06 491.75 10/25/06 513.50 21.75 1087.50 10/11/06 1875.00 09/14/06 -2575.002005 08/05/05 352.75 10/25/05 369.25 16.50 825.00 10/13/05 2050.00 08/31/05 -937.502004 08/05/04 365.50 10/25/04 367.00 1.50 75.00 09/15/04 1050.00 08/12/04 -1225.002003 08/05/03 371.00 10/24/03 377.75 6.75 337.50 08/18/03 1912.50 10/10/03 -1375.002002 08/05/02 384.25 10/25/02 474.25 90.00 4500.00 10/01/02 6550.002001 08/06/01 324.25 10/25/01 316.50 -7.75 -387.50 08/29/01 337.50 10/02/01 -1187.502000 08/07/00 307.00 10/25/00 319.00 12.00 600.00 10/12/00 1500.00 08/11/00 -187.501999 08/05/99 352.00 10/25/99 330.50 -21.50 -1075.00 08/10/99 275.00 10/14/99 -1425.001998 08/05/98 317.00 10/23/98 365.50 48.50 2425.00 10/22/98 2500.001997 08/05/97 386.25 10/24/97 398.75 12.50 625.00 08/28/97 1462.501996 08/05/96 457.50 10/25/96 406.75 -50.75 -2537.50 08/12/96 1275.00 09/19/96 -2562.501995 08/07/95 445.50 10/25/95 504.50 59.00 2950.00 10/20/95 3250.00 08/17/95 -375.001994 08/05/94 345.50 10/25/94 404.75 59.25 2962.50 10/11/94 3550.00 08/09/94 -25.001993 08/05/93 319.00 10/25/93 357.00 38.00 1900.00 10/21/93 2087.50 08/12/93 -337.50






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Buy Dec Wheat(KCBT) / Sell Dec Wheat(CBOT)Enter on approximately 08/11 - Exit on approximately 11/04

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/13/07 -16.50 11/02/07 27.75 44.25 2212.50 11/02/07 2212.50 08/22/07 -1737.502006 08/11/06 77.25 11/03/06 30.00 -47.25 -2362.50 08/18/06 312.50 10/17/06 -3887.502005 08/11/05 12.75 11/04/05 55.50 42.75 2137.50 10/28/05 2275.002004 08/11/04 17.50 11/04/04 42.25 24.75 1237.50 11/04/04 1237.50 08/19/04 -212.502003 08/11/03 -4.00 11/04/03 -2.50 1.50 75.00 10/08/03 612.50 09/02/03 -100.002002 08/12/02 33.50 11/04/02 64.00 30.50 1525.00 10/11/02 3475.002001 08/13/01 28.75 11/02/01 8.25 -20.50 -1025.00 09/19/01 25.00 10/30/01 -1137.502000 08/11/00 35.50 11/03/00 54.75 19.25 962.50 09/29/00 975.00 08/14/00 -25.001999 08/11/99 21.25 11/04/99 22.50 1.25 62.50 08/17/99 112.50 09/07/99 -150.001998 08/11/98 21.50 11/04/98 32.00 10.50 525.00 09/30/98 625.00 08/14/98 -100.001997 08/11/97 11.00 11/04/97 11.50 0.50 25.00 09/26/97 100.00 09/02/97 -375.001996 08/12/96 13.00 11/04/96 19.75 6.75 337.50 10/24/96 1462.50 09/09/96 -737.501995 08/11/95 4.50 11/03/95 14.25 9.75 487.50 10/24/95 862.50 09/07/95 -225.001994 08/11/94 3.50 11/04/94 13.50 10.00 500.00 11/04/94 500.00 08/19/94 -225.001993 08/11/93 -4.50 11/04/93 4.25 8.75 437.50 09/22/93 550.00







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Wheat(MGE)—MayBuy on approximately 08/12 - Exit on approximately 09/25 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 08/13/07 665.00 09/25/07 818.00 153.00 7650.00 09/24/07 7750.00 08/20/07 -200.002007 08/14/06 470.00 09/25/06 471.75 1.75 87.50 08/31/06 900.00 09/14/06 -575.002006 08/12/05 362.50 09/23/05 375.00 12.50 625.00 09/23/05 625.00 09/07/05 -775.002005 08/12/04 360.25 09/24/04 387.75 27.50 1375.00 09/10/04 1837.50 08/13/04 -100.002004 08/12/03 387.50 09/25/03 374.50 -13.00 -650.00 08/18/03 1475.00 09/18/03 -1400.002003 08/12/02 393.00 09/25/02 461.50 68.50 3425.00 09/09/02 4237.502002 08/13/01 342.50 09/25/01 333.25 -9.25 -462.50 08/29/01 475.00 09/19/01 -462.502001 08/14/00 326.50 09/25/00 332.00 5.50 275.00 08/29/00 725.002000 08/12/99 357.50 09/24/99 359.50 2.00 100.00 09/07/99 800.00 09/22/99 -375.001999 08/12/98 345.50 09/25/98 359.75 14.25 712.50 09/24/98 812.50 08/26/98 -587.501998 08/12/97 402.00 09/25/97 403.00 1.00 50.00 08/28/97 650.00 08/15/97 -350.001997 08/12/96 475.00 09/25/96 411.00 -64.00 -3200.00 09/19/96 -3500.001996 08/14/95 438.00 09/25/95 475.50 37.50 1875.00 09/21/95 2150.00 08/17/95 -725.001995 08/12/94 352.50 09/23/94 400.50 48.00 2400.00 09/23/94 2400.001994 08/12/93 309.00 09/24/93 319.00 10.00 500.00 09/21/93 600.00






Wheat(KCBT)—MayBuy on approximately 08/13 - Exit on approximately 10/23 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 08/13/07 645.00 10/23/07 834.00 189.00 9450.00 10/01/07 11750.002007 08/14/06 466.00 10/23/06 539.50 73.50 3675.00 10/23/06 3675.00 09/14/06 -400.002006 08/15/05 352.50 10/21/05 373.50 21.00 1050.00 10/12/05 1775.00 09/07/05 -387.502005 08/13/04 342.00 10/22/04 344.50 2.50 125.00 09/16/04 1450.00 10/08/04 -125.002004 08/13/03 367.00 10/23/03 373.00 6.00 300.00 08/18/03 550.00 10/17/03 -1300.002003 08/13/02 390.00 10/23/02 423.50 33.50 1675.00 09/09/02 2925.00 08/21/02 -500.002002 08/13/01 334.00 10/23/01 304.75 -29.25 -1462.50 08/24/01 25.00 10/15/01 -1950.002001 08/14/00 315.00 10/23/00 325.00 10.00 500.00 10/10/00 1537.50 08/22/00 -50.002000 08/13/99 328.00 10/22/99 304.00 -24.00 -1200.00 09/07/99 350.00 10/08/99 -1487.501999 08/13/98 312.50 10/23/98 343.00 30.50 1525.00 10/13/98 1675.00 09/01/98 -625.001998 08/13/97 394.00 10/23/97 397.00 3.00 150.00 08/29/97 600.00 10/01/97 -650.001997 08/13/96 448.50 10/23/96 384.50 -64.00 -3200.00 08/26/96 325.00 10/22/96 -3325.001996 08/14/95 422.50 10/23/95 482.50 60.00 3000.00 10/20/95 3025.00 08/17/95 -500.001995 08/15/94 354.00 10/21/94 389.50 35.50 1775.00 10/03/94 2200.001994 08/13/93 309.00 10/22/93 315.25 6.25 312.50 10/21/93 450.00 08/26/93 -225.00







Buy Dec Wheat(KCBT) / Sell Jul Wheat(KCBT)Enter on approximately 08/19 - Exit on approximately 10/11

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/20/07 91.00 10/11/07 200.25 109.25 5462.50 09/11/07 8350.002006 08/21/06 24.50 10/11/06 78.00 53.50 2675.00 10/11/06 2675.00 10/03/06 -650.002005 08/19/05 -2.75 10/11/05 4.00 6.75 337.50 09/15/05 775.00 08/22/05 -62.502004 08/19/04 -19.25 10/11/04 -8.00 11.25 562.50 09/21/04 775.002003 08/19/03 37.25 10/10/03 5.50 -31.75 -1587.50 08/20/03 200.00 10/09/03 -1637.502002 08/19/02 27.75 10/11/02 85.50 57.75 2887.50 10/01/02 3400.00 08/21/02 -87.502001 08/20/01 -27.00 10/11/01 -18.25 8.75 437.50 10/11/01 437.502000 08/21/00 -28.25 10/11/00 -22.00 6.25 312.50 10/11/00 312.50 08/24/00 -87.501999 08/19/99 -25.75 10/11/99 -34.25 -8.50 -425.00 10/07/99 -512.501998 08/19/98 -28.25 10/09/98 -27.00 1.25 62.50 10/07/98 237.50 09/01/98 -125.001997 08/19/97 -5.75 10/10/97 -20.75 -15.00 -750.00 08/29/97 187.50 10/02/97 -912.501996 08/19/96 56.00 10/11/96 57.00 1.00 50.00 08/20/96 400.00 09/06/96 -912.501995 08/21/95 69.00 10/11/95 72.00 3.00 150.00 09/20/95 737.50 08/22/95 -12.501994 08/19/94 19.75 10/11/94 59.25 39.50 1975.00 10/11/94 1975.00 08/23/94 -137.501993 08/19/93 14.50 10/11/93 17.50 3.00 150.00 10/11/93 150.00 08/26/93 -325.00






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Buy Dec Wheat(MGE) / Sell Jul Wheat(MGE)Enter on approximately 08/24 - Exit on approximately 11/25

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/24/07 53.50 11/23/07 108.00 54.50 2725.00 09/11/07 3625.00 08/28/07 -425.002006 08/24/06 -14.75 11/24/06 -8.50 6.25 312.50 10/11/06 1450.00 09/25/06 -662.502005 08/24/05 -21.25 11/25/05 4.25 25.50 1275.00 11/21/05 1275.00 08/29/05 -25.002004 08/24/04 -18.75 11/24/04 -14.25 4.50 225.00 11/08/04 962.50 09/02/04 -162.502003 08/25/03 10.00 11/25/03 12.00 2.00 100.00 09/02/03 112.50 10/08/03 -1300.002002 08/26/02 30.25 11/25/02 12.00 -18.25 -912.50 09/20/02 1987.50 11/08/02 -1137.502001 08/24/01 -28.50 11/23/01 -26.50 2.00 100.00 10/17/01 350.00 09/14/01 -87.502000 08/24/00 -29.50 11/24/00 -29.00 0.50 25.00 10/11/00 87.50 09/13/00 -150.001999 08/24/99 -24.25 11/24/99 -23.00 1.25 62.50 11/03/99 237.50 10/05/99 -412.501998 08/24/98 -18.00 11/25/98 -0.25 17.75 887.50 11/20/98 1050.00 09/14/98 -675.001997 08/25/97 0.25 11/25/97 -15.00 -15.25 -762.50 08/27/97 537.50 11/20/97 -1025.001996 08/26/96 23.25 11/25/96 58.50 35.25 1762.50 11/25/96 1762.50 09/20/96 -825.001995 08/24/95 44.75 11/24/95 46.00 1.25 62.50 08/25/95 187.50 10/17/95 -975.001994 08/24/94 7.25 11/25/94 12.75 5.50 275.00 10/11/94 1387.501993 08/24/93 9.50 11/24/93 80.00 70.50 3525.00 11/24/93 3525.00 10/04/93 -300.00







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lesBuy Dec Wheat(KCBT) / Sell Dec Wheat(CBOT)


CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/07/07 -36.00 09/28/07 -9.75 26.25 1312.50 09/28/07 1312.502006 09/07/06 63.75 09/29/06 53.00 -10.75 -537.50 09/19/06 400.00 09/28/06 -687.502005 09/07/05 24.25 09/29/05 36.75 12.50 625.00 09/16/05 937.502004 09/07/04 18.25 09/29/04 27.75 9.50 475.00 09/24/04 587.502003 09/08/03 -2.75 09/29/03 -2.50 0.25 12.50 09/11/03 137.50 09/24/03 -25.002002 09/09/02 65.75 09/27/02 68.50 2.75 137.50 09/27/02 137.50 09/17/02 -600.002001 09/07/01 21.25 09/28/01 21.75 0.50 25.00 09/19/01 400.00 09/26/01 -137.502000 09/07/00 38.75 09/29/00 55.00 16.25 812.50 09/29/00 812.501999 09/07/99 18.25 09/29/99 20.00 1.75 87.50 09/20/99 200.001998 09/08/98 24.75 09/29/98 31.50 6.75 337.50 09/25/98 400.00 09/10/98 -75.001997 09/08/97 5.25 09/29/97 10.25 5.00 250.00 09/26/97 387.50 09/12/97 -25.001996 09/09/96 -1.75 09/27/96 10.75 12.50 625.00 09/27/96 625.001995 09/07/95 0.00 09/29/95 8.50 8.50 425.00 09/28/95 500.001994 09/07/94 2.50 09/29/94 5.75 3.25 162.50 09/28/94 225.00 09/09/94 -37.501993 09/07/93 1.75 09/29/93 4.25 2.50 125.00 09/22/93 237.50 09/08/93 -12.50






Buy Dec Wheat(MGE) / Sell Dec Wheat(CBOT)Enter on approximately 09/07 - Exit on approximately 10/14

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/07/07 -69.50 10/12/07 12.50 82.00 4100.00 10/12/07 4100.002006 09/07/06 44.75 10/13/06 -3.75 -48.50 -2425.00 09/14/06 250.00 10/13/06 -2425.002005 09/07/05 16.75 10/14/05 48.25 31.50 1575.00 10/13/05 1675.00 09/08/05 -50.002004 09/07/04 42.00 10/14/04 55.00 13.00 650.00 10/14/04 650.002003 09/08/03 2.00 10/14/03 18.50 16.50 825.00 10/14/03 825.002002 09/09/02 88.00 10/14/02 119.25 31.25 1562.50 10/10/02 1825.00 09/16/02 -675.002001 09/07/01 34.25 10/12/01 29.75 -4.50 -225.00 09/19/01 712.50 10/10/01 -387.502000 09/07/00 49.00 10/13/00 65.50 16.50 825.00 10/13/00 825.001999 09/07/99 63.50 10/14/99 68.00 4.50 225.00 10/11/99 487.50 09/29/99 -450.001998 09/08/98 59.75 10/14/98 66.50 6.75 337.50 10/05/98 712.50 09/14/98 -262.501997 09/08/97 19.25 10/14/97 27.50 8.25 412.50 10/06/97 912.501996 09/09/96 -18.00 10/14/96 -7.50 10.50 525.00 10/04/96 762.50 09/10/96 -37.501995 09/07/95 -3.00 10/13/95 8.75 11.75 587.50 10/06/95 825.00 09/12/95 -12.501994 09/07/94 -1.75 10/14/94 1.75 3.50 175.00 09/27/94 237.50 09/14/94 -100.001993 09/07/93 15.75 10/14/93 17.50 1.75 87.50 09/16/93 200.00 10/07/93 -537.50







Wheat(MGE)—DecemberBuy on approximately 09/19 - Exit on approximately 10/21 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/19/07 798.25 10/19/07 869.75 71.50 3575.00 10/01/07 6412.502006 09/19/06 456.50 10/20/06 509.75 53.25 2662.50 10/11/06 3637.50 09/25/06 -125.002005 09/19/05 356.75 10/21/05 371.50 14.75 737.50 10/13/05 1850.00 09/20/05 -125.002004 09/20/04 374.25 10/21/04 361.00 -13.25 -662.50 09/21/04 237.50 10/01/04 -962.502003 09/19/03 350.25 10/21/03 354.75 4.50 225.00 10/02/03 837.50 10/10/03 -337.502002 09/19/02 487.00 10/21/02 492.75 5.75 287.50 10/01/02 1412.50 10/14/02 -225.002001 09/19/01 311.25 10/19/01 314.25 3.00 150.00 09/20/01 150.00 10/02/01 -537.502000 09/19/00 306.25 10/20/00 324.75 18.50 925.00 10/12/00 1537.50 09/21/00 -37.501999 09/20/99 331.00 10/21/99 327.75 -3.25 -162.50 09/28/99 662.50 10/14/99 -375.001998 09/21/98 342.00 10/21/98 359.00 17.00 850.00 10/07/98 1225.00 10/01/98 -50.001997 09/19/97 397.00 10/21/97 407.75 10.75 537.50 10/21/97 537.50 10/01/97 -512.501996 09/19/96 406.25 10/21/96 409.50 3.25 162.50 09/30/96 875.001995 09/19/95 485.00 10/20/95 510.50 25.50 1275.00 10/20/95 1275.00 09/25/95 -212.501994 09/19/94 389.50 10/21/94 405.50 16.00 800.00 10/11/94 1350.001993 09/20/93 321.00 10/21/93 360.75 39.75 1987.50 10/21/93 1987.50 10/04/93 -75.00






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Wheat(CBOT)—DecemberBuy on approximately 09/19 - Exit on approximately 10/22 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/19/07 845.00 10/22/07 871.00 26.00 1300.00 10/01/07 5375.00 10/17/07 -1225.002006 09/19/06 409.00 10/20/06 505.00 96.00 4800.00 10/16/06 6675.00 09/20/06 -62.502005 09/19/05 320.25 10/21/05 330.00 9.75 487.50 10/03/05 1425.002004 09/20/04 328.75 10/22/04 308.50 -20.25 -1012.50 09/21/04 300.00 10/06/04 -1337.502003 09/19/03 347.25 10/22/03 354.50 7.25 362.50 10/01/03 850.00 10/14/03 -1087.502002 09/19/02 395.50 10/22/02 403.75 8.25 412.50 10/18/02 875.00 10/14/02 -1612.502001 09/19/01 262.75 10/22/01 282.00 19.25 962.50 10/19/01 1212.502000 09/19/00 249.25 10/20/00 261.25 12.00 600.00 10/11/00 1375.00 09/21/00 -87.501999 09/20/99 272.25 10/22/99 258.00 -14.25 -712.50 09/28/99 675.00 10/11/99 -937.501998 09/21/98 270.75 10/22/98 294.00 23.25 1162.50 10/08/98 1412.50 10/01/98 -87.501997 09/19/97 367.50 10/22/97 374.00 6.50 325.00 10/21/97 425.00 10/01/97 -837.501996 09/19/96 416.75 10/22/96 399.50 -17.25 -862.50 09/30/96 962.50 10/22/96 -862.501995 09/19/95 487.75 10/20/95 508.75 21.00 1050.00 10/20/95 1050.00 10/06/95 -637.501994 09/19/94 390.75 10/21/94 397.25 6.50 325.00 10/11/94 1275.00 09/29/94 -112.501993 09/20/93 310.25 10/22/93 335.50 25.25 1262.50 10/21/93 1450.00







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Wheat(KCBT)—DecemberBuy on approximately 09/19 - Exit on approximately 10/22 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/19/07 828.50 10/22/07 888.00 59.50 2975.00 10/01/07 6037.502006 09/19/06 480.75 10/20/06 531.00 50.25 2512.50 10/16/06 3262.50 09/25/06 -487.502005 09/19/05 362.75 10/21/05 370.00 7.25 362.50 10/12/05 1275.00 09/20/05 -237.502004 09/20/04 357.50 10/22/04 336.00 -21.50 -1075.00 09/21/04 287.50 10/06/04 -1325.002003 09/19/03 344.50 10/22/03 354.25 9.75 487.50 10/01/03 887.50 10/17/03 -650.002002 09/19/02 458.50 10/22/02 470.50 12.00 600.00 10/16/02 1387.50 09/23/02 -287.502001 09/19/01 292.00 10/22/01 289.50 -2.50 -125.00 09/27/01 150.00 10/02/01 -550.002000 09/19/00 297.50 10/20/00 309.00 11.50 575.00 10/12/00 1462.50 09/21/00 -187.501999 09/20/99 294.50 10/22/99 279.00 -15.50 -775.00 09/28/99 562.50 10/11/99 -1012.501998 09/21/98 299.25 10/22/98 327.50 28.25 1412.50 10/22/98 1412.501997 09/19/97 380.00 10/22/97 384.50 4.50 225.00 10/21/97 375.00 10/01/97 -887.501996 09/19/96 426.50 10/22/96 427.25 0.75 37.50 10/14/96 900.00 10/21/96 -150.001995 09/19/95 490.25 10/20/95 522.75 32.50 1625.00 10/20/95 1625.00 09/25/95 -212.501994 09/19/94 394.50 10/21/94 406.25 11.75 587.50 10/11/94 1300.00 09/29/94 -12.501993 09/20/93 316.00 10/22/93 337.25 21.25 1062.50 10/21/93 1125.00






Wheat(KCBT)—MarchSell on approximately 10/14 - Exit on approximately 12/10 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 10/15/07 852.00 12/10/07 961.50 -109.50 -5475.00 11/13/07 3800.00 12/10/07 -5475.002007 10/16/06 555.00 12/08/06 506.50 48.50 2425.00 12/08/06 2425.00 10/24/06 -125.002006 10/14/05 385.50 12/09/05 358.00 27.50 1375.00 11/23/05 1650.002005 10/14/04 349.00 12/10/04 335.25 13.75 687.50 12/02/04 1225.00 11/08/04 -512.502004 10/14/03 341.50 12/10/03 398.00 -56.50 -2825.00 10/17/03 137.50 12/03/03 -3500.002003 10/14/02 456.00 12/10/02 381.00 75.00 3750.00 12/10/02 3750.00 10/16/02 -937.502002 10/15/01 290.75 12/10/01 287.50 3.25 162.50 11/28/01 187.50 10/26/01 -887.502001 10/16/00 336.75 12/08/00 320.25 16.50 825.00 10/23/00 925.002000 10/14/99 291.50 12/10/99 269.25 22.25 1112.50 12/09/99 1162.50 10/19/99 -362.501999 10/14/98 337.00 12/10/98 314.00 23.00 1150.00 12/09/98 1237.50 10/26/98 -375.001998 10/14/97 388.75 12/10/97 367.50 21.25 1062.50 11/25/97 1450.00 10/21/97 -500.001997 10/14/96 424.50 12/10/96 398.50 26.00 1300.00 11/05/96 2450.001996 10/16/95 508.75 12/08/95 505.00 3.75 187.50 11/21/95 987.50 10/20/95 -475.001995 10/14/94 417.75 12/09/94 394.50 23.25 1162.50 11/25/94 1850.001994 10/14/93 326.25 12/10/93 371.25 -45.00 -2250.00 10/28/93 300.00 12/10/93 -2250.00







Wheat(MGE)—MarchSell on approximately 10/16 - Exit on approximately 12/10 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 10/16/07 839.25 12/10/07 1018.00 -178.75 -8937.50 11/13/07 1875.00 12/10/07 -8937.502007 10/16/06 542.75 12/08/06 499.00 43.75 2187.50 12/08/06 2187.502006 10/17/05 388.50 12/09/05 366.75 21.75 1087.50 11/23/05 1187.502005 10/18/04 376.00 12/10/04 348.25 27.75 1387.50 11/29/04 1837.50 10/19/04 -100.002004 10/16/03 353.00 12/10/03 402.00 -49.00 -2450.00 10/17/03 300.00 12/03/03 -2725.002003 10/16/02 502.25 12/10/02 395.25 107.00 5350.00 12/10/02 5350.002002 10/16/01 316.75 12/10/01 308.00 8.75 437.50 11/29/01 525.00 10/26/01 -537.502001 10/16/00 349.25 12/08/00 324.75 24.50 1225.00 12/07/00 1262.502000 10/18/99 339.50 12/10/99 318.50 21.00 1050.00 12/09/99 1100.00 10/25/99 -75.001999 10/16/98 371.25 12/10/98 358.00 13.25 662.50 12/09/98 787.50 10/26/98 -262.501998 10/16/97 401.75 12/10/97 388.00 13.75 687.50 11/20/97 937.50 10/21/97 -612.501997 10/16/96 400.50 12/10/96 379.00 21.50 1075.00 11/05/96 1575.00 10/17/96 -12.501996 10/16/95 507.25 12/08/95 498.50 8.75 437.50 12/04/95 1237.50 10/20/95 -575.001995 10/17/94 419.00 12/09/94 388.75 30.25 1512.50 11/23/94 1887.50 10/24/94 -37.501994 10/18/93 331.00 12/10/93 387.50 -56.50 -2825.00 10/28/93 175.00 12/08/93 -2875.00






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CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 10/16/06 542.75 01/05/07 487.00 55.75 2787.50 01/04/07 2825.002006 10/17/05 388.50 01/06/06 383.50 5.00 250.00 11/23/05 1187.50 01/03/06 -400.002005 10/18/04 376.00 01/06/05 345.00 31.00 1550.00 01/04/05 2012.50 10/19/04 -100.002004 10/16/03 353.00 01/06/04 407.25 -54.25 -2712.50 10/17/03 300.00 01/02/04 -3137.502003 10/16/02 502.25 01/06/03 378.75 123.50 6175.00 12/31/02 6250.002002 10/16/01 316.75 01/04/02 307.50 9.25 462.50 01/02/02 862.50 10/26/01 -537.502001 10/16/00 349.25 01/05/01 330.50 18.75 937.50 12/15/00 1475.002000 10/18/99 339.50 01/06/00 315.75 23.75 1187.50 12/15/99 1312.50 10/25/99 -75.001999 10/16/98 371.25 01/06/99 360.50 10.75 537.50 12/15/98 812.50 10/26/98 -262.501998 10/16/97 401.75 01/06/98 361.00 40.75 2037.50 01/06/98 2037.50 10/21/97 -612.501997 10/16/96 400.50 01/06/97 384.00 16.50 825.00 11/05/96 1575.00 10/17/96 -12.501996 10/16/95 507.25 01/05/96 483.75 23.50 1175.00 12/04/95 1237.50 10/20/95 -575.001995 10/17/94 419.00 01/06/95 385.50 33.50 1675.00 12/14/94 1962.50 10/24/94 -37.501994 10/18/93 331.00 01/06/94 394.25 -63.25 -3162.50 10/28/93 175.00 12/29/93 -3712.501993 10/16/92 343.00 01/06/93 341.75 1.25 62.50 12/29/92 500.00 11/16/92 -650.00







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Wheat(MGE)—JulySell on approximately 10/23 - Exit on approximately 12/11 Contract Size: 5,000 bushels

CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 10/23/07 759.00 12/11/07 932.00 -173.00 -8650.00 11/01/07 1600.00 12/10/07 -9450.002007 10/23/06 529.00 12/11/06 508.50 20.50 1025.00 11/10/06 1600.00 11/30/06 -150.002006 10/24/05 375.75 12/09/05 361.00 14.75 737.50 11/23/05 812.50 10/26/05 -312.502005 10/25/04 376.75 12/10/04 351.50 25.25 1262.50 11/29/04 1462.50 10/28/04 -250.002004 10/23/03 384.00 12/11/03 381.00 3.00 150.00 11/19/03 700.00 11/14/03 -425.002003 10/23/02 445.00 12/11/02 382.50 62.50 3125.00 12/10/02 3250.00 11/04/02 -262.502002 10/23/01 336.00 12/11/01 319.00 17.00 850.00 12/11/01 850.00 10/30/01 -300.002001 10/23/00 349.25 12/11/00 337.75 11.50 575.00 12/11/00 575.00 11/08/00 -412.502000 10/25/99 354.00 12/10/99 332.75 21.25 1062.50 12/09/99 1112.501999 10/23/98 380.75 12/11/98 363.00 17.75 887.50 12/11/98 887.50 10/26/98 -112.501998 10/23/97 412.00 12/11/97 391.50 20.50 1025.00 11/25/97 1025.001997 10/23/96 380.00 12/11/96 359.00 21.00 1050.00 12/04/96 1550.001996 10/23/95 474.00 12/11/95 461.50 12.50 625.00 11/21/95 1350.001995 10/24/94 375.00 12/09/94 367.00 8.00 400.00 11/22/94 1000.001994 10/25/93 319.00 12/10/93 342.00 -23.00 -1150.00 10/28/93 300.00 11/26/93 -1200.00







CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 10/23/06 551.00 12/13/06 508.75 42.25 2112.50 12/12/06 2287.50 10/24/06 -325.002006 10/24/05 371.50 12/13/05 360.00 11.50 575.00 11/23/05 950.00 10/27/05 -487.502005 10/25/04 347.25 12/13/04 335.25 12.00 600.00 12/02/04 1137.50 11/08/04 -600.002004 10/23/03 373.50 12/12/03 393.00 -19.50 -975.00 11/04/03 250.00 12/03/03 -1900.002003 10/23/02 452.50 12/13/02 385.50 67.00 3350.00 12/10/02 3575.00 11/04/02 -587.502002 10/23/01 300.75 12/13/01 283.25 17.50 875.00 12/13/01 875.00 10/26/01 -387.502001 10/23/00 318.25 12/13/00 316.00 2.25 112.50 12/12/00 112.50 11/24/00 -750.002000 10/25/99 297.25 12/13/99 263.25 34.00 1700.00 12/13/99 1700.00 11/08/99 -62.501999 10/23/98 339.00 12/11/98 312.50 26.50 1325.00 12/09/98 1337.50 10/26/98 -275.001998 10/23/97 391.00 12/12/97 354.00 37.00 1850.00 12/12/97 1850.00 10/24/97 -87.501997 10/23/96 406.25 12/13/96 404.75 1.50 75.00 11/05/96 1537.50 11/25/96 -150.001996 10/23/95 515.25 12/13/95 504.75 10.50 525.00 11/21/95 1312.501995 10/24/94 417.25 12/13/94 386.00 31.25 1562.50 11/25/94 1825.001994 10/25/93 331.25 12/13/93 369.00 -37.75 -1887.50 10/28/93 550.00 12/10/93 -2000.001993 10/23/92 337.75 12/11/92 352.00 -14.25 -712.50 10/26/92 87.50 11/16/92 -1225.00







Buy Jul Wheat(KCBT) / Sell Jul Wheat(MGE)Enter on approximately 11/11 - Exit on approximately 01/24

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/13/06 -11.25 01/24/07 -11.00 0.25 12.50 11/22/06 487.50 12/27/06 -375.002006 11/11/05 -15.00 01/24/06 -10.50 4.50 225.00 12/28/05 350.00 11/21/05 -162.502005 11/11/04 -29.50 01/24/05 -21.00 8.50 425.00 01/20/05 625.00 12/06/04 -187.502004 11/11/03 -18.50 01/23/04 -10.00 8.50 425.00 01/12/04 650.00 11/21/03 -387.502003 11/11/02 -70.50 01/24/03 -39.00 31.50 1575.00 01/06/03 2250.00 11/15/02 -37.502002 11/12/01 -28.00 01/24/02 -12.25 15.75 787.50 01/24/02 787.50 11/13/01 -50.002001 11/13/00 -13.00 01/24/01 5.75 18.75 937.50 01/12/01 1075.002000 11/11/99 -38.25 01/24/00 -29.75 8.50 425.00 01/18/00 525.00 11/30/99 -387.501999 11/11/98 -29.00 01/22/99 -33.00 -4.00 -200.00 11/12/98 12.50 12/31/98 -500.001998 11/11/97 -18.00 01/23/98 -17.50 0.50 25.00 11/14/97 212.50 01/12/98 -650.001997 11/11/96 -16.00 01/24/97 -0.25 15.75 787.50 01/14/97 800.00 12/19/96 -150.001996 11/13/95 -29.75 01/24/96 -5.50 24.25 1212.50 01/24/96 1212.501995 11/11/94 -21.00 01/24/95 -16.25 4.75 237.50 01/17/95 612.50 12/28/94 -112.501994 11/11/93 -10.75 01/24/94 -18.75 -8.00 -400.00 11/12/93 137.50 01/10/94 -487.501993 11/11/92 -7.25 01/22/93 -5.25 2.00 100.00 11/30/92 362.50 12/21/92 -162.50






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Buy Sep Wheat(KCBT) / Sell May Wheat(KCBT)Enter on approximately 11/12 - Exit on approximately 01/30

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/13/06 -33.00 01/30/07 14.00 47.00 2350.00 01/30/07 2350.00 11/17/06 -237.502006 11/14/05 -2.50 01/30/06 3.25 5.75 287.50 01/18/06 375.00 11/18/05 -137.502005 11/12/04 -4.25 01/28/05 -2.75 1.50 75.00 11/26/04 587.50 01/14/05 -100.002004 11/12/03 -21.50 01/30/04 -0.50 21.00 1050.00 01/26/04 1075.00 11/28/03 -50.002003 11/12/02 -38.00 01/30/03 -9.25 28.75 1437.50 01/10/03 1837.50 11/15/02 -425.002002 11/12/01 11.25 01/30/02 13.25 2.00 100.00 01/10/02 187.50 11/27/01 -62.502001 11/13/00 15.00 01/30/01 18.75 3.75 187.50 01/29/01 225.00 12/29/00 -112.502000 11/12/99 18.00 01/28/00 19.50 1.50 75.00 01/05/00 100.00 11/23/99 -62.501999 11/12/98 10.00 01/29/99 15.50 5.50 275.00 01/27/99 362.50 11/18/98 -100.001998 11/12/97 9.00 01/30/98 12.50 3.50 175.00 12/19/97 287.50 11/26/97 -250.001997 11/12/96 -18.00 01/30/97 -17.50 0.50 25.00 11/15/96 125.00 12/20/96 -550.001996 11/13/95 -38.50 01/30/96 -34.50 4.00 200.00 01/05/96 937.501995 11/14/94 -27.50 01/30/95 -14.25 13.25 662.50 01/19/95 825.00 12/28/94 -175.001994 11/12/93 -11.00 01/28/94 -8.50 2.50 125.00 11/15/93 125.00 01/07/94 -550.001993 11/12/92 -13.75 01/29/93 -11.75 2.00 100.00 11/30/92 300.00 01/19/93 -175.00







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CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/14/06 531.50 12/13/06 508.75 22.75 1137.50 12/12/06 1312.50 11/30/06 -937.502006 11/14/05 368.75 12/13/05 360.00 8.75 437.50 11/23/05 812.50 12/01/05 -262.502005 11/15/04 348.75 12/13/04 335.25 13.50 675.00 12/02/04 1212.50 11/17/04 -375.002004 11/14/03 401.50 12/12/03 393.00 8.50 425.00 11/19/03 1525.00 12/03/03 -500.002003 11/14/02 430.50 12/13/02 385.50 45.00 2250.00 12/10/02 2475.002002 11/14/01 292.50 12/13/01 283.25 9.25 462.50 12/13/01 462.50 11/16/01 -312.502001 11/14/00 324.00 12/13/00 316.00 8.00 400.00 12/12/00 400.00 11/24/00 -462.502000 11/15/99 291.00 12/13/99 263.25 27.75 1387.50 12/13/99 1387.50 11/16/99 -25.001999 11/16/98 334.25 12/11/98 312.50 21.75 1087.50 12/09/98 1100.00 11/18/98 -275.001998 11/14/97 366.50 12/12/97 354.00 12.50 625.00 12/12/97 625.00 12/08/97 -262.501997 11/14/96 403.00 12/13/96 404.75 -1.75 -87.50 12/03/96 725.00 11/25/96 -312.501996 11/14/95 495.00 12/13/95 504.75 -9.75 -487.50 11/21/95 300.00 12/11/95 -625.001995 11/14/94 393.00 12/13/94 386.00 7.00 350.00 11/25/94 612.50 12/08/94 -100.001994 11/15/93 345.50 12/13/93 369.00 -23.50 -1175.00 12/10/93 -1287.501993 11/16/92 362.25 12/11/92 352.00 10.25 512.50 12/10/92 737.50







CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/14/06 506.00 12/13/06 488.50 17.50 875.00 12/12/06 1200.00 11/30/06 -775.002006 11/14/05 328.00 12/13/05 318.50 9.50 475.00 12/09/05 1025.002005 11/15/04 317.00 12/13/04 299.00 18.00 900.00 12/02/04 1037.50 11/17/04 -637.502004 11/14/03 416.00 12/12/03 393.50 22.50 1125.00 11/19/03 1950.002003 11/14/02 388.50 12/13/02 353.00 35.50 1775.00 12/10/02 1950.002002 11/14/01 290.25 12/13/01 282.50 7.75 387.50 11/29/01 425.00 11/19/01 -350.002001 11/14/00 273.50 12/13/00 270.25 3.25 162.50 11/29/00 187.50 12/04/00 -300.002000 11/15/99 266.00 12/13/99 237.75 28.25 1412.50 12/13/99 1412.50 11/16/99 -37.501999 11/16/98 303.00 12/11/98 272.75 30.25 1512.50 12/11/98 1512.50 11/18/98 -337.501998 11/14/97 355.25 12/12/97 344.25 11.00 550.00 12/12/97 550.00 12/08/97 -362.501997 11/14/96 390.50 12/13/96 389.00 1.50 75.00 12/04/96 1012.50 11/20/96 -225.001996 11/14/95 495.00 12/13/95 506.50 -11.50 -575.00 11/15/95 412.50 12/11/95 -725.001995 11/14/94 392.00 12/13/94 386.00 6.00 300.00 11/23/94 687.50 12/08/94 -137.501994 11/15/93 343.75 12/13/93 362.75 -19.00 -950.00 12/10/93 -1100.001993 11/16/92 372.25 12/11/92 361.75 10.50 525.00 12/10/92 762.50 11/25/92 -162.50







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CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/14/06 516.00 12/14/06 508.25 7.75 387.50 12/08/06 850.00 11/30/06 -700.002006 11/14/05 379.50 12/14/05 374.50 5.00 250.00 11/23/05 737.50 12/01/05 -25.002005 11/15/04 372.00 12/14/04 348.00 24.00 1200.00 11/29/04 1637.50 11/17/04 -162.502004 11/14/03 399.75 12/12/03 398.50 1.25 62.50 11/19/03 1500.00 12/03/03 -387.502003 11/14/02 453.75 12/13/02 401.75 52.00 2600.00 12/10/02 2925.002002 11/14/01 315.00 12/14/01 304.25 10.75 537.50 12/12/01 562.50 11/16/01 -100.002001 11/14/00 334.50 12/14/00 320.75 13.75 687.50 12/13/00 700.00 11/24/00 -137.502000 11/15/99 335.25 12/14/99 314.25 21.00 1050.00 12/13/99 1050.00 11/16/99 -62.501999 11/16/98 369.00 12/14/98 358.25 10.75 537.50 12/09/98 675.00 11/18/98 -262.501998 11/14/97 386.25 12/12/97 373.50 12.75 637.50 12/12/97 637.50 12/08/97 -237.501997 11/14/96 392.75 12/13/96 385.00 7.75 387.50 12/03/96 987.501996 11/14/95 496.00 12/14/95 494.50 1.50 75.00 12/04/95 675.00 12/11/95 -300.001995 11/14/94 395.25 12/14/94 379.75 15.50 775.00 12/14/94 775.001994 11/15/93 350.50 12/14/93 394.00 -43.50 -2175.00 12/14/93 -2175.001993 11/16/92 356.00 12/14/92 340.00 16.00 800.00 12/07/92 1037.50






Buy Sep Wheat(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 11/14 - Exit on approximately 02/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/14/06 -32.00 02/27/07 31.00 63.00 3150.00 02/15/07 3237.502006 11/14/05 25.00 02/27/06 33.00 8.00 400.00 02/27/06 400.002005 11/15/04 19.50 02/25/05 20.75 1.25 62.50 11/22/04 150.00 02/08/05 -75.002004 11/14/03 -46.00 02/27/04 14.00 60.00 3000.00 02/27/04 3000.002003 11/14/02 -65.00 02/27/03 0.00 65.00 3250.00 01/10/03 3412.50 11/15/02 -37.502002 11/14/01 9.25 02/27/02 15.75 6.50 325.00 02/27/02 325.00 01/04/02 -787.502001 11/14/00 30.00 02/27/01 33.00 3.00 150.00 02/16/01 237.50 11/15/00 -37.502000 11/15/99 28.00 02/25/00 32.00 4.00 200.00 02/24/00 312.50 11/23/99 -12.501999 11/16/98 28.00 02/26/99 32.25 4.25 212.50 02/25/99 225.00 11/18/98 -62.501998 11/14/97 19.50 02/27/98 27.00 7.50 375.00 02/26/98 450.00 12/05/97 -250.001997 11/14/96 -35.50 02/27/97 0.25 35.75 1787.50 02/27/97 1787.50 12/19/96 -662.501996 11/14/95 -78.00 02/27/96 -43.00 35.00 1750.00 02/26/96 1750.00 11/24/95 -275.001995 11/14/94 -49.25 02/27/95 -14.00 35.25 1762.50 02/27/95 1762.50 12/27/94 -400.001994 11/15/93 -17.00 02/25/94 -9.50 7.50 375.00 02/24/94 450.00 01/06/94 -1362.501993 11/16/92 -44.75 02/26/93 -52.75 -8.00 -400.00 12/07/92 725.00 02/23/93 -400.00







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lesBuy Dec Wheat(KCBT) / Sell Dec Wheat(CBOT)


CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/19/07 24.75 11/29/07 26.50 1.75 87.50 11/23/07 137.50 11/28/07 -112.502006 11/17/06 41.25 11/29/06 31.75 -9.50 -475.00 11/24/06 -1012.502005 11/17/05 49.50 11/29/05 58.75 9.25 462.50 11/29/05 462.502004 11/17/04 39.25 11/29/04 49.50 10.25 512.50 11/29/04 512.502003 11/17/03 -9.50 11/28/03 10.75 20.25 1012.50 11/28/03 1012.502002 11/18/02 44.50 11/29/02 59.75 15.25 762.50 11/29/02 762.50 11/19/02 -125.002001 11/19/01 0.00 11/29/01 7.00 7.00 350.00 11/29/01 350.002000 11/17/00 53.50 11/29/00 54.75 1.25 62.50 11/24/00 212.501999 11/17/99 25.75 11/29/99 28.50 2.75 137.50 11/26/99 162.50 11/19/99 -12.501998 11/17/98 36.75 11/27/98 37.00 0.25 12.50 11/27/98 12.50 11/23/98 -137.501997 11/17/97 13.00 11/28/97 15.75 2.75 137.50 11/26/97 162.50 11/21/97 -150.001996 11/18/96 26.50 11/29/96 43.50 17.00 850.00 11/27/96 850.001995 11/17/95 11.00 11/29/95 11.50 0.50 25.00 11/28/95 87.50 11/21/95 -275.001994 11/17/94 9.50 11/29/94 13.50 4.00 200.00 11/28/94 262.50 11/18/94 -75.001993 11/17/93 11.00 11/29/93 25.75 14.75 737.50 11/29/93 737.50 11/19/93 -112.50






Buy Sep Wheat(MGE) / Sell May Wheat(MGE)Enter on approximately 11/21 - Exit on approximately 02/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/21/06 -28.50 02/27/07 15.00 43.50 2175.00 01/26/07 2312.502006 11/21/05 -6.50 02/27/06 10.50 17.00 850.00 02/24/06 900.00 12/01/05 -125.002005 11/22/04 -3.00 02/25/05 2.25 5.25 262.50 02/24/05 337.50 01/19/05 -262.502004 11/21/03 -34.75 02/27/04 -10.25 24.50 1225.00 01/27/04 1400.002003 11/21/02 -49.25 02/27/03 -12.25 37.00 1850.00 02/12/03 2087.50 11/22/02 -75.002002 11/21/01 12.25 02/27/02 14.00 1.75 87.50 11/29/01 112.50 11/23/01 -112.502001 11/21/00 14.00 02/27/01 17.25 3.25 162.50 02/27/01 162.50 12/29/00 -112.502000 11/22/99 13.00 02/25/00 13.50 0.50 25.00 12/30/99 300.00 12/17/99 -62.501999 11/23/98 5.50 02/26/99 10.75 5.25 262.50 02/25/99 262.50 01/26/99 -300.001998 11/21/97 7.25 02/27/98 16.75 9.50 475.00 02/27/98 475.00 12/08/97 -137.501997 11/21/96 -15.00 02/27/97 -14.25 0.75 37.50 02/10/97 250.00 12/18/96 -500.001996 11/21/95 -43.00 02/27/96 -38.50 4.50 225.00 01/05/96 812.50 11/24/95 -37.501995 11/21/94 -33.25 02/27/95 -6.75 26.50 1325.00 02/27/95 1325.00 11/28/94 -12.501994 11/22/93 -18.75 02/25/94 -14.25 4.50 225.00 02/25/94 225.00 12/14/93 -737.501993 11/23/92 -21.00 02/26/93 -11.25 9.75 487.50 02/16/93 737.50







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CONTYEAR

SELLDATE

SELLPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/24/06 519.00 02/27/07 470.25 48.75 2437.50 01/10/07 3475.00 11/30/06 -125.002006 11/23/05 312.75 02/27/06 373.25 -60.50 -3025.00 12/09/05 262.50 02/27/06 -3025.002005 11/23/04 311.00 02/25/05 323.25 -12.25 -612.50 02/04/05 1162.50 02/25/05 -612.502004 11/24/03 390.25 02/27/04 380.75 9.50 475.00 12/24/03 1362.50 12/03/03 -1225.002003 11/25/02 383.50 02/27/03 309.00 74.50 3725.00 02/27/03 3725.00 11/27/02 -12.502002 11/23/01 296.25 02/27/02 271.50 24.75 1237.50 02/27/02 1237.50 01/11/02 -600.002001 11/24/00 278.75 02/27/01 257.50 21.25 1062.50 02/27/01 1062.50 01/11/01 -550.002000 11/23/99 259.25 02/25/00 248.00 11.25 562.50 12/13/99 1075.00 02/10/00 -625.001999 11/23/98 293.00 02/26/99 237.25 55.75 2787.50 02/26/99 2787.50 11/25/98 -100.001998 11/24/97 355.25 02/27/98 327.50 27.75 1387.50 02/25/98 1825.00 12/08/97 -362.501997 11/25/96 392.25 02/27/97 368.25 24.00 1200.00 02/10/97 1987.50 12/18/96 -425.001996 11/24/95 497.50 02/27/96 508.50 -11.00 -550.00 01/17/96 925.00 02/14/96 -1525.001995 11/23/94 378.25 02/27/95 355.50 22.75 1137.50 02/27/95 1137.50 12/27/94 -1500.001994 11/23/93 353.75 02/25/94 350.00 3.75 187.50 02/25/94 187.50 01/13/94 -1912.501993 11/23/92 372.75 02/26/93 372.25 0.50 25.00 12/29/92 1175.00 01/19/93 -987.50






Buy Jul Wheat(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 11/24 - Exit on approximately 02/07

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/24/06 -16.75 02/07/07 23.50 40.25 2012.50 02/07/07 2012.50 11/27/06 -262.502006 11/25/05 18.25 02/07/06 21.25 3.00 150.00 02/02/06 162.50 12/02/05 -37.502005 11/24/04 14.50 02/07/05 14.75 0.25 12.50 02/04/05 50.00 11/30/04 -100.002004 11/24/03 -38.00 02/06/04 0.25 38.25 1912.50 02/02/04 2000.00 11/28/03 -200.002003 11/25/02 -63.25 02/07/03 -8.50 54.75 2737.50 01/10/03 3137.502002 11/26/01 4.00 02/07/02 9.25 5.25 262.50 02/04/02 275.00 01/04/02 -650.002001 11/24/00 20.50 02/07/01 23.50 3.00 150.00 01/30/01 150.00 12/01/00 -37.502000 11/24/99 21.00 02/07/00 22.50 1.50 75.00 02/07/00 75.00 12/07/99 -50.001999 11/24/98 20.00 02/05/99 20.50 0.50 25.00 12/11/98 50.00 12/04/98 -37.501998 11/24/97 13.75 02/06/98 18.25 4.50 225.00 01/22/98 237.50 12/01/97 -175.001997 11/25/96 -48.75 02/07/97 -17.00 31.75 1587.50 02/07/97 1587.50 12/19/96 -175.001996 11/24/95 -84.00 02/07/96 -61.25 22.75 1137.50 01/05/96 1412.501995 11/25/94 -41.25 02/07/95 -31.00 10.25 512.50 01/19/95 700.00 12/27/94 -1050.001994 11/24/93 -29.50 02/07/94 -26.50 3.00 150.00 11/30/93 262.50 01/06/94 -800.001993 11/24/92 -45.25 02/05/93 -44.50 0.75 37.50 12/07/92 475.00 01/21/93 -537.50







Per

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esBuy Jul Wheat(KCBT) / Sell Mar Wheat(KCBT)


CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/24/06 -28.75 02/15/07 12.00 40.75 2037.50 01/22/07 2112.50 11/30/06 -237.502006 11/25/05 -8.25 02/15/06 0.25 8.50 425.00 02/03/06 687.50 11/30/05 -387.502005 11/24/04 -2.75 02/15/05 -18.00 -15.25 -762.50 11/26/04 125.00 01/19/05 -1037.502004 11/24/03 -28.25 02/13/04 -0.50 27.75 1387.50 02/04/04 1412.50 12/01/03 -175.002003 11/25/02 -63.50 02/14/03 -15.25 48.25 2412.50 01/13/03 2887.502002 11/26/01 11.75 02/15/02 12.50 0.75 37.50 01/30/02 87.50 11/29/01 -137.502001 11/24/00 15.75 02/15/01 21.00 5.25 262.50 02/08/01 287.50 12/29/00 -37.502000 11/24/99 19.50 02/15/00 21.75 2.25 112.50 02/11/00 137.50 01/14/00 -12.501999 11/24/98 12.50 02/12/99 20.50 8.00 400.00 02/12/99 400.001998 11/24/97 12.50 02/13/98 16.50 4.00 200.00 01/21/98 275.00 12/10/97 -75.001997 11/25/96 -59.25 02/14/97 -58.50 0.75 37.50 11/29/96 637.50 02/11/97 -287.501996 11/24/95 -66.00 02/15/96 -59.75 6.25 312.50 01/05/96 1337.50 01/26/96 -350.001995 11/25/94 -36.50 02/15/95 -34.25 2.25 112.50 01/19/95 762.50 12/27/94 -987.501994 11/24/93 -38.25 02/15/94 -23.25 15.00 750.00 02/08/94 1062.50 12/16/93 -512.501993 11/24/92 -31.00 02/12/93 -26.25 4.75 237.50 11/27/92 287.50 01/19/93 -600.00






Buy Jul Wheat(CBOT) / Sell May Wheat(CBOT)Enter on approximately 12/08 - Exit on approximately 02/28

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/08/06 -15.50 02/28/07 10.50 26.00 1300.00 02/15/07 1300.00 12/26/06 -100.002006 12/08/05 9.25 02/28/06 12.50 3.25 162.50 02/28/06 162.50 12/30/05 -37.502005 12/08/04 6.00 02/28/05 6.25 0.25 12.50 02/17/05 87.50 02/08/05 -62.502004 12/08/03 -28.00 02/27/04 1.50 29.50 1475.00 02/27/04 1475.00 12/09/03 -100.002003 12/09/02 -33.25 02/28/03 -5.50 27.75 1387.50 01/13/03 1637.50 12/17/02 -25.002002 12/10/01 0.75 02/28/02 6.50 5.75 287.50 02/28/02 287.50 01/04/02 -250.002001 12/08/00 10.50 02/28/01 11.00 0.50 25.00 02/26/01 62.50 12/27/00 -75.002000 12/08/99 10.00 02/28/00 10.75 0.75 37.50 02/24/00 87.50 12/13/99 -25.001999 12/08/98 9.75 02/26/99 10.50 0.75 37.50 12/31/98 50.00 12/30/98 -37.501998 12/08/97 5.00 02/27/98 9.75 4.75 237.50 01/22/98 300.00 12/10/97 -37.501997 12/09/96 -21.00 02/28/97 -10.75 10.25 512.50 02/27/97 612.50 12/19/96 -287.501996 12/08/95 -38.25 02/28/96 -32.25 6.00 300.00 02/27/96 425.00 02/14/96 -212.501995 12/08/94 -30.25 02/28/95 -15.75 14.50 725.00 02/28/95 725.00 12/27/94 -275.001994 12/08/93 -13.50 02/28/94 -10.25 3.25 162.50 12/20/93 212.50 01/07/94 -387.501993 12/08/92 -21.25 02/26/93 -17.75 3.50 175.00 02/12/93 200.00 01/19/93 -350.00







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Wheat(CBOT)—JulyBuy on approximately 12/15 - Exit on approximately 01/13 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/15/06 491.00 01/12/07 493.75 2.75 137.50 12/26/06 675.00 01/10/07 -1400.002006 12/15/05 337.25 01/13/06 353.75 16.50 825.00 01/04/06 1400.002005 12/15/04 316.75 01/13/05 322.50 5.75 287.50 01/07/05 325.00 01/04/05 -350.002004 12/15/03 363.25 01/13/04 392.00 28.75 1437.50 01/12/04 1700.00 12/24/03 -612.502003 12/16/02 315.25 01/13/03 310.50 -4.75 -237.50 01/09/03 187.50 12/27/02 -712.502002 12/17/01 286.25 01/11/02 301.25 15.00 750.00 01/11/02 750.00 12/26/01 -212.502001 12/15/00 286.75 01/12/01 311.00 24.25 1212.50 01/12/01 1212.502000 12/15/99 261.50 01/13/00 284.50 23.00 1150.00 01/13/00 1150.001999 12/15/98 295.00 01/13/99 295.25 0.25 12.50 01/08/99 812.501998 12/15/97 355.50 01/13/98 349.75 -5.75 -287.50 12/17/97 175.00 01/08/98 -1000.001997 12/16/96 346.00 01/13/97 360.25 14.25 712.50 01/13/97 712.50 12/30/96 -362.501996 12/15/95 422.50 01/12/96 428.75 6.25 312.50 01/03/96 1300.001995 12/15/94 340.75 01/13/95 345.25 4.50 225.00 01/06/95 400.00 01/09/95 -50.001994 12/15/93 329.75 01/13/94 354.75 25.00 1250.00 01/13/94 1250.001993 12/15/92 319.50 01/13/93 331.25 11.75 587.50 01/13/93 587.50 12/18/92 -337.50






Buy Jul Wheat(KCBT) / Sell Mar Wheat(KCBT)Enter on approximately 12/20 - Exit on approximately 01/10

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/20/06 -5.25 01/10/07 4.00 9.25 462.50 01/09/07 575.00 12/22/06 -112.502006 12/20/05 -11.25 01/10/06 -2.00 9.25 462.50 01/10/06 462.50 12/27/05 -12.502005 12/20/04 -12.75 01/10/05 -10.25 2.50 125.00 01/03/05 212.50 01/06/05 -37.502004 12/22/03 -17.50 01/09/04 -9.00 8.50 425.00 01/09/04 425.00 01/02/04 -37.502003 12/20/02 -52.25 01/10/03 -8.25 44.00 2200.00 01/10/03 2200.00 12/23/02 -50.002002 12/20/01 10.50 01/10/02 11.25 0.75 37.50 01/09/02 100.00 01/04/02 -12.502001 12/20/00 16.25 01/10/01 18.75 2.50 125.00 01/10/01 125.00 12/29/00 -62.502000 12/20/99 20.00 01/10/00 21.00 1.00 50.00 01/07/00 62.50 12/21/99 -25.001999 12/21/98 15.00 01/08/99 16.25 1.25 62.50 01/04/99 100.001998 12/22/97 14.25 01/09/98 14.50 0.25 12.50 01/02/98 87.50 12/26/97 -112.501997 12/20/96 -60.75 01/10/97 -49.50 11.25 562.50 12/31/96 675.001996 12/20/95 -55.75 01/10/96 -48.75 7.00 350.00 01/05/96 825.00 12/29/95 -50.001995 12/20/94 -48.00 01/10/95 -37.50 10.50 525.00 01/06/95 650.00 12/27/94 -412.501994 12/20/93 -45.00 01/10/94 -42.25 2.75 137.50 01/03/94 450.00 12/28/93 -62.501993 12/21/92 -34.00 01/08/93 -40.25 -6.25 -312.50 12/29/92 100.00 01/07/93 -312.50







Per

sona

l Not

esWheat(KCBT)—July

Buy on approximately 12/20 - Exit on approximately 02/23 Contract Size: 5,000 bushels

CONTYEAR

BUYDATE

BUYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/20/06 499.00 02/23/07 519.50 20.50 1025.00 02/22/07 1200.00 01/10/07 -1137.502006 12/20/05 363.25 02/23/06 441.50 78.25 3912.50 02/21/06 3987.50 12/21/05 -100.002005 12/20/04 327.25 02/23/05 329.25 2.00 100.00 12/23/04 262.50 01/27/05 -1087.502004 12/22/03 372.00 02/23/04 397.25 25.25 1262.50 01/12/04 1425.00 12/24/03 -900.002003 12/20/02 325.00 02/21/03 338.75 13.75 687.50 01/08/03 1087.50 01/15/03 -25.002002 12/20/01 294.25 02/22/02 299.00 4.75 237.50 01/25/02 675.00 12/26/01 -62.502001 12/20/00 337.50 02/23/01 326.50 -11.00 -550.00 01/11/01 962.50 02/23/01 -550.002000 12/20/99 294.00 02/23/00 308.50 14.50 725.00 02/10/00 1450.00 12/21/99 -87.501999 12/21/98 331.75 02/23/99 303.50 -28.25 -1412.50 01/08/99 512.50 02/23/99 -1412.501998 12/22/97 355.25 02/23/98 355.50 0.25 12.50 02/03/98 762.50 01/08/98 -462.501997 12/20/96 351.00 02/21/97 378.00 27.00 1350.00 02/21/97 1350.00 12/30/96 -150.001996 12/20/95 445.75 02/23/96 474.00 28.25 1412.50 02/14/96 1875.00 01/16/96 -600.001995 12/20/94 350.50 02/23/95 344.25 -6.25 -312.50 01/17/95 287.50 01/27/95 -587.501994 12/20/93 337.50 02/23/94 338.75 1.25 62.50 01/13/94 787.50 01/20/94 -150.001993 12/21/92 313.00 02/23/93 314.00 1.00 50.00 01/19/93 887.50 12/29/92 -50.00






Buy Jul Wheat(KCBT) / Sell Mar Wheat(KCBT)Enter on approximately 12/26 - Exit on approximately 01/18

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/26/06 -7.25 01/18/07 7.25 14.50 725.00 01/18/07 725.002006 12/27/05 -11.50 01/18/06 1.75 13.25 662.50 01/18/06 662.502005 12/27/04 -9.50 01/18/05 -20.00 -10.50 -525.00 01/03/05 50.00 01/13/05 -587.502004 12/26/03 -17.50 01/16/04 -6.00 11.50 575.00 01/14/04 587.50 01/02/04 -37.502003 12/26/02 -47.00 01/17/03 -23.00 24.00 1200.00 01/13/03 2062.502002 12/26/01 11.00 01/18/02 12.00 1.00 50.00 01/09/02 75.00 01/04/02 -37.502001 12/26/00 17.00 01/18/01 19.00 2.00 100.00 01/11/01 112.50 12/29/00 -100.002000 12/27/99 20.25 01/18/00 20.75 0.50 25.00 01/07/00 50.00 01/14/00 -50.001999 12/28/98 16.75 01/15/99 18.00 1.25 62.50 01/15/99 62.50 01/06/99 -37.501998 12/26/97 12.00 01/16/98 17.75 5.75 287.50 01/16/98 287.501997 12/26/96 -54.75 01/17/97 -51.00 3.75 187.50 12/31/96 375.00 01/08/97 -287.501996 12/26/95 -52.25 01/18/96 -49.50 2.75 137.50 01/05/96 650.00 12/29/95 -225.001995 12/27/94 -56.25 01/18/95 -23.75 32.50 1625.00 01/18/95 1625.001994 12/27/93 -44.50 01/18/94 -31.00 13.50 675.00 01/18/94 675.00 12/28/93 -87.501993 12/28/92 -33.50 01/18/93 -39.00 -5.50 -275.00 12/29/92 75.00 01/07/93 -337.50








Corn vs. Oats (C - O)March, May, July, September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108

December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110Corn vs. 2 Oats (C - 2O)

March, May, July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110

September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112Corn vs. Chicago Wheat (C - W)

March, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112

July, September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114Chicago Wheat vs. Kansas City Wheat (W - KW)

March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114

May, July, September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116Chicago Wheat vs. Minneapolis Wheat (W - MW)

March, May, July, September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118

December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120Kansas City Wheat vs. Minneapolis Wheat (KW - MW)

March, May, July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120

September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122

STRATEGIESSeasonal Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123

Seasonal Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125

Gra

in I

nter

-Mar

ket

Inter-Market Grain Spreads


May Corn(CBOT) - May Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Corn(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Corn(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in: I

nter

-Mar

ket S

easo

nal P

atte

rns

Sep Corn(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly May Corn(CBOT) - May Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

Weekly Mar Corn(CBOT) - Mar Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

Weekly Jul Corn(CBOT) - Jul Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

180.00

200.00

Weekly Sep Corn(CBOT) - Sep Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 200720.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

180.00

200.00 G

rain

: Int

er-M

arke

t Wee

klie

s


Mar Corn(CBOT) - 2 Mar Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Corn(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in: I

nter

-Mar

ket S

easo

nal P

atte

rns

May Corn(CBOT) - 2 May Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Corn(CBOT) - 2 Jul Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Mar Corn(CBOT) - 2 Mar Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-300.00

-250.00

-200.00

-150.00

-100.00

-50.00

0.00

50.00

Weekly Dec Corn(CBOT) - Dec Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

Weekly May Corn(CBOT) - 2 May Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-250.00

-200.00

-150.00

-100.00

-50.00

0.00

50.00

Weekly Jul Corn(CBOT) - 2 Jul Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-300.00

-250.00

-200.00

-150.00

-100.00

-50.00

0.00

50.00 G

rain

: Int

er-M

arke

t Wee

klie

s


Dec Corn(CBOT) - 2 Dec Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Corn(CBOT) - 2 Sep Oats(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in: I

nter

-Mar

ket S

easo

nal P

atte

rns

Mar Corn(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Corn(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Dec Corn(CBOT) - 2 Dec Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-300.00

-250.00

-200.00

-150.00

-100.00

-50.00

0.00

50.00

Weekly Sep Corn(CBOT) - 2 Sep Oats(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-250.00

-200.00

-150.00

-100.00

-50.00

0.00

50.00

Weekly Mar Corn(CBOT) - Mar Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00

-500.00

-400.00

-300.00

-200.00

-100.00

0.00

Weekly May Corn(CBOT) - May Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00

-500.00

-400.00

-300.00

-200.00

-100.00

0.00 G

rain

: Int

er-M

arke

t Wee

klie

s


Sep Corn(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Corn(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in: I

nter

-Mar

ket S

easo

nal P

atte

rns

Dec Corn(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(CBOT) - Mar Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Sep Corn(CBOT) - Sep Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00

-500.00

-400.00

-300.00

-200.00

-100.00

0.00

Weekly Jul Corn(CBOT) - Jul Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-400.00

-350.00

-300.00

-250.00

-200.00

-150.00

-100.00

-50.00

0.00

Weekly Dec Corn(CBOT) - Dec Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00

-500.00

-400.00

-300.00

-200.00

-100.00

0.00

Weekly Mar Wheat(CBOT) - Mar Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00 G

rain

: Int

er-M

arke

t Wee

klie

s


Jul Wheat(CBOT) - Jul Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(CBOT) - May Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Sep Wheat(CBOT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in: I

nter

-Mar

ket S

easo

nal P

atte

rns

Dec Wheat(CBOT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Jul Wheat(CBOT) - Jul Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-140.00

-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

Weekly May Wheat(CBOT) - May Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

Weekly Sep Wheat(CBOT) - Sep Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

Weekly Dec Wheat(CBOT) - Dec Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00 G

rain

: Int

er-M

arke

t Wee

klie

s


May Wheat(CBOT) - May Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Mar Wheat(CBOT) - Mar Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Jul Wheat(CBOT) - Jul Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in: I

nter

-Mar

ket S

easo

nal P

atte

rns

Sep Wheat(CBOT) - Sep Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly May Wheat(CBOT) - May Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

Weekly Mar Wheat(CBOT) - Mar Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00

-100.00

-50.00

0.00

50.00

100.00

Weekly Jul Wheat(CBOT) - Jul Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-200.00

-150.00

-100.00

-50.00

0.00

50.00

Weekly Sep Wheat(CBOT) - Sep Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00

-100.00

-50.00

0.00

50.00

100.00 G

rain

: Int

er-M

arke

t Wee

klie

s


Mar Wheat(KCBT) - Mar Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(CBOT) - Dec Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

May Wheat(KCBT) - May Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in: I

nter

-Mar

ket S

easo

nal P

atte

rns

Jul Wheat(KCBT) - Jul Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern


Weekly Mar Wheat(KCBT) - Mar Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

Weekly Dec Wheat(CBOT) - Dec Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-200.00

-150.00

-100.00

-50.00

0.00

50.00

100.00

Weekly May Wheat(KCBT) - May Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

Weekly Jul Wheat(KCBT) - Jul Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-200.00

-150.00

-100.00

-50.00

0.00

50.00 G

rain

: Int

er-M

arke

t Wee

klie

s


Weekly Sep Wheat(KCBT) - Sep Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

Sep Wheat(KCBT) - Sep Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Dec Wheat(KCBT) - Dec Wheat(MGE) 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Gra

in:

Inte

r-M

arke

t Sea

sona

l Pat

tern

s &

Wee

klie

s

Weekly Dec Wheat(KCBT) - Dec Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-140.00

-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00


Gra

in I

nter

-Mar

ket S

trat

egy

Sum

mar

y

Inter-Market Grain SpreadsSeasonalStrategy

EntryDate

ExitDate

WinPct

WinYears

LosingYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

1 Buy Mar Corn(CBOT)Sell Mar Wheat(CBOT)

1/05 1/20 87 13 2 15 433 27/16 125

2 Buy Mar Corn(CBOT)Sell Mar Wheat(KCBT)

1/05 2/16 87 13 2 15 347 8/43 125

3 Buy May Corn(CBOT)Sell May Wheat(CBOT)

1/12 3/31 93 14 1 15 748 9/80 126

4 Buy Jul Wheat(KCBT)Sell Jul Corn(CBOT)

4/01 5/19 87 13 2 15 831 17/49 126

5 Buy May Wheat(KCBT)Sell May Corn(CBOT)

4/09 4/20 80 12 3 15 763 64/12 127

6 Buy Dec Wheat(CBOT)Sell Dec Corn(CBOT)

4/09 5/10 80 12 3 15 763 24/32 127

7 Buy Jul Wheat(MGE)Sell Jul Corn(CBOT)

4/09 6/11 93 14 1 15 797 12/64 128

8 Buy Dec Wheat(MGE)Sell Dec Corn(CBOT)

4/09 7/06 87 13 2 15 1362 15/89 128

9 Buy Dec Corn(CBOT)Sell Dec Wheat(CBOT)

5/12 6/17 80 12 3 15 353 10/37 129

10 Buy Sep Oats(CBOT)Sell Sep Corn(CBOT)

5/20 7/31 100 15 0 15 1118 15/73 129


6/16 6/29 87 13 2 15 1028 73/14 130

12 Buy Sep Wheat(MGE)Sell Sep Corn(CBOT)

6/16 7/23 87 13 2 15 1648 43/38 130

13 Buy Sep Wheat(CBOT)Sell Sep Corn(CBOT)

6/16 8/12 87 13 2 15 1056 18/58 131

14 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)

6/18 10/01 80 12 3 15 2664 25/106 131

15 Buy 2 Sep Oats(CBOT)Sell Sep Corn(CBOT)

6/19 7/25 100 15 0 15 1107 30/37 132


7/02 7/23 87 13 2 15 870 40/22 132

17 Buy Sep Wheat(KCBT)Sell Sep Corn(CBOT)

7/13 7/23 87 13 2 15 749 68/11 133


7/13 9/30 87 13 2 15 2221 28/80 133






Gra

in I

nter

-Mar

ket S

trat

egy

Sum

mar

yInter-Market Grain Spreads

SeasonalStrategy

EntryDate

ExitDate

WinPct

WinYears

LosingYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo


7/15 9/30 87 13 2 15 1958 25/78 134

20 Buy Sep Corn(CBOT)Sell Sep Wheat(MGE)

7/23 7/30 87 13 2 15 436 54/8 134


8/14 9/27 93 14 1 15 1468 33/45 135


8/21 9/29 87 13 2 15 1395 35/40 135


8/23 10/04 87 13 2 15 1778 41/43 136


9/13 9/28 93 14 1 15 808 51/16 136


9/14 9/29 93 14 1 15 734 46/16 137

26 Buy Mar Wheat(CBOT)Sell Mar Corn(CBOT)

9/19 9/28 87 13 2 15 569 57/10 137

27 Buy Mar Wheat(KCBT)Sell Mar Corn(CBOT)

9/21 10/01 87 13 2 15 711 65/11 138

28 Buy May Corn(CBOT)Sell May Wheat(KCBT)

10/02 12/23 93 14 1 15 852 10/83 138


10/19 11/10 93 14 1 15 811 35/23 139

30 Buy May Corn(CBOT)Sell May Wheat(MGE)

10/24 1/27 87 13 2 15 1219 13/96 139


11/08 2/06 80 12 3 15 1059 12/91 140

32 Buy Jul Corn(CBOT)Sell Jul Wheat(MGE)

11/08 12/10 93 14 1 15 -142 -4/33 140


11/08 12/13 80 12 3 15 -9 -0/36 141


11/30 2/27 80 12 3 15 747 8/90 141

35 Buy May Corn(CBOT)Sell 2 May Oats(CBOT)

12/05 2/16 100 15 0 15 1022 14/74 142

36 Buy May Corn(CBOT)Sell May Oats(CBOT)

12/10 2/17 93 14 1 15 725 10/70 142






Gra

in I

nter

-Mar

ket S

trat

egy

Tab

les

Buy Mar Corn(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 01/05 - Exit on approximately 01/20

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/05/07 -102.00 01/19/07 -60.25 41.75 2087.50 01/18/07 2162.502006 01/05/06 -124.25 01/20/06 -121.50 2.75 137.50 01/09/06 437.502005 01/05/05 -98.25 01/20/05 -97.00 1.25 62.50 01/20/05 62.50 01/13/05 -462.502004 01/05/04 -145.50 01/20/04 -120.25 25.25 1262.50 01/15/04 1400.002003 01/06/03 -95.75 01/17/03 -84.25 11.50 575.00 01/16/03 775.002002 01/07/02 -93.25 01/18/02 -86.25 7.00 350.00 01/18/02 350.00 01/14/02 -125.002001 01/05/01 -57.00 01/19/01 -70.50 -13.50 -675.00 01/19/01 -675.002000 01/05/00 -46.75 01/20/00 -44.25 2.50 125.00 01/13/00 200.001999 01/05/99 -63.00 01/20/99 -55.50 7.50 375.00 01/19/99 412.50 01/08/99 -325.001998 01/05/98 -65.25 01/20/98 -53.75 11.50 575.00 01/20/98 575.00 01/07/98 -12.501997 01/06/97 -131.50 01/20/97 -105.75 25.75 1287.50 01/20/97 1287.50 01/08/97 -212.501996 01/05/96 -127.00 01/19/96 -126.50 0.50 25.00 01/08/96 200.00 01/12/96 -437.501995 01/05/95 -165.50 01/20/95 -137.75 27.75 1387.50 01/19/95 1475.001994 01/05/94 -80.00 01/20/94 -74.25 5.75 287.50 01/20/94 287.50 01/10/94 -350.001993 01/05/93 -144.75 01/20/93 -172.00 -27.25 -1362.50 01/19/93 -1400.00






Buy Mar Corn(CBOT) / Sell Mar Wheat(KCBT)Enter on approximately 01/05 - Exit on approximately 02/16

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/05/07 -113.00 02/16/07 -78.50 34.50 1725.00 02/14/07 2200.00 01/09/07 -200.002006 01/05/06 -170.00 02/16/06 -202.00 -32.00 -1600.00 01/10/06 562.50 02/10/06 -1937.502005 01/05/05 -132.00 02/16/05 -128.25 3.75 187.50 01/27/05 237.50 01/13/05 -562.502004 01/05/04 -150.75 02/13/04 -101.50 49.25 2462.50 02/09/04 2600.002003 01/06/03 -128.75 02/14/03 -118.75 10.00 500.00 01/13/03 1275.002002 01/07/02 -79.00 02/15/02 -76.50 2.50 125.00 02/13/02 125.00 01/25/02 -400.002001 01/05/01 -105.50 02/16/01 -98.00 7.50 375.00 02/12/01 400.00 01/23/01 -650.002000 01/05/00 -73.25 02/16/00 -72.75 0.50 25.00 02/01/00 512.50 02/14/00 -187.501999 01/05/99 -98.00 02/16/99 -72.25 25.75 1287.50 02/16/99 1287.50 01/08/99 -300.001998 01/05/98 -73.00 02/13/98 -72.75 0.25 12.50 01/21/98 425.00 02/04/98 -375.001997 01/06/97 -149.00 02/14/97 -141.50 7.50 375.00 01/31/97 800.00 01/08/97 -362.501996 01/05/96 -125.25 02/16/96 -164.00 -38.75 -1937.50 01/08/96 112.50 02/06/96 -2525.001995 01/05/95 -163.25 02/16/95 -143.00 20.25 1012.50 01/19/95 1437.501994 01/05/94 -79.00 02/16/94 -67.75 11.25 562.50 01/26/94 600.00 01/10/94 -200.001993 01/05/93 -135.75 02/16/93 -134.00 1.75 87.50 02/08/93 275.00 01/19/93 -912.50







Buy May Corn(CBOT) / Sell May Wheat(CBOT)Enter on approximately 01/12 - Exit on approximately 03/31

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 01/12/07 -84.50 03/30/07 -63.50 21.00 1050.00 02/14/07 2000.002006 01/12/06 -121.75 03/31/06 -111.75 10.00 500.00 03/31/06 500.00 03/08/06 -1737.502005 01/12/05 -106.00 03/31/05 -118.00 -12.00 -600.00 02/02/05 625.00 03/17/05 -1850.002004 01/12/04 -134.75 03/31/04 -88.00 46.75 2337.50 03/11/04 3625.002003 01/13/03 -77.75 03/31/03 -50.25 27.50 1375.00 03/31/03 1375.00 02/21/03 -887.502002 01/14/02 -87.25 03/28/02 -82.50 4.75 237.50 03/11/02 1137.50 03/27/02 -37.502001 01/12/01 -73.50 03/30/01 -51.75 21.75 1087.50 02/27/01 1137.50 01/23/01 -100.002000 01/12/00 -46.50 03/31/00 -26.25 20.25 1012.50 03/24/00 1287.50 02/11/00 -262.501999 01/12/99 -68.25 03/31/99 -54.75 13.50 675.00 02/25/99 1550.001998 01/12/98 -64.50 03/31/98 -61.00 3.50 175.00 02/18/98 450.00 02/03/98 -337.501997 01/13/97 -107.75 03/31/97 -87.50 20.25 1012.50 03/04/97 1962.501996 01/12/96 -103.25 03/29/96 -90.25 13.00 650.00 03/19/96 975.00 02/06/96 -1312.501995 01/12/95 -125.50 03/31/95 -93.25 32.25 1612.50 03/31/95 1612.50 01/17/95 -87.501994 01/12/94 -55.25 03/31/94 -55.00 0.25 12.50 03/29/94 475.00 02/09/94 -375.001993 01/12/93 -118.75 03/31/93 -117.00 1.75 87.50 03/12/93 762.50 01/20/93 -987.50






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Buy Jul Wheat(KCBT) / Sell Jul Corn(CBOT)Enter on approximately 04/01 - Exit on approximately 05/19

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/02/07 85.25 05/18/07 95.25 10.00 500.00 04/20/07 2662.502006 04/03/06 171.50 05/19/06 251.50 80.00 4000.00 05/19/06 4000.002005 04/01/05 108.25 05/19/05 108.50 0.25 12.50 04/29/05 500.00 04/15/05 -550.002004 04/01/04 88.00 05/19/04 93.25 5.25 262.50 05/07/04 1187.50 04/28/04 -537.502003 04/01/03 65.25 05/19/03 88.75 23.50 1175.00 05/16/03 1500.00 04/17/03 -75.002002 04/01/02 93.75 05/17/02 72.75 -21.00 -1050.00 04/03/02 175.00 05/16/02 -1175.002001 04/02/01 99.00 05/18/01 129.75 30.75 1537.50 05/14/01 1875.00 04/10/01 -150.002000 04/03/00 52.25 05/19/00 59.00 6.75 337.50 05/16/00 737.50 05/03/00 -425.001999 04/01/99 84.50 05/19/99 62.75 -21.75 -1087.50 04/05/99 350.00 05/05/99 -1225.001998 04/01/98 76.50 05/19/98 77.25 0.75 37.50 05/18/98 62.50 04/24/98 -562.501997 04/01/97 82.75 05/19/97 135.00 52.25 2612.50 04/18/97 4900.00 04/04/97 -237.501996 04/01/96 105.25 05/17/96 155.25 50.00 2500.00 04/25/96 4912.50 04/08/96 -325.001995 04/03/95 86.75 05/19/95 110.00 23.25 1162.50 05/12/95 1612.501994 04/04/94 49.25 05/19/94 57.75 8.50 425.00 05/05/94 1175.00 04/13/94 -75.001993 04/01/93 70.50 05/19/93 71.25 0.75 37.50 04/22/93 225.00 05/04/93 -575.00







Buy May Wheat(KCBT) / Sell May Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 04/20

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/09/07 104.50 04/20/07 153.50 49.00 2450.00 04/20/07 2450.002006 04/10/06 208.75 04/20/06 209.25 0.50 25.00 04/12/06 825.00 04/17/06 -375.002005 04/11/05 114.75 04/20/05 115.50 0.75 37.50 04/12/05 50.00 04/15/05 -287.502004 04/12/04 89.75 04/20/04 96.75 7.00 350.00 04/20/04 350.00 04/16/04 -337.502003 04/09/03 79.50 04/17/03 78.75 -0.75 -37.50 04/10/03 137.50 04/16/03 -87.502002 04/09/02 80.00 04/19/02 91.75 11.75 587.50 04/17/02 675.002001 04/09/01 95.50 04/20/01 117.75 22.25 1112.50 04/20/01 1112.50 04/10/01 -87.502000 04/10/00 50.75 04/20/00 52.75 2.00 100.00 04/17/00 200.001999 04/09/99 73.75 04/20/99 61.00 -12.75 -637.50 04/19/99 -700.001998 04/09/98 69.25 04/20/98 71.25 2.00 100.00 04/14/98 275.001997 04/09/97 127.25 04/18/97 199.25 72.00 3600.00 04/18/97 3600.001996 04/09/96 114.00 04/19/96 176.50 62.50 3125.00 04/19/96 3125.001995 04/10/95 102.50 04/20/95 115.25 12.75 637.50 04/20/95 637.501994 04/11/94 63.00 04/20/94 63.50 0.50 25.00 04/20/94 25.00 04/13/94 -150.001993 04/12/93 102.50 04/20/93 102.00 -0.50 -25.00 04/16/93 187.50 04/14/93 -62.50






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Buy Dec Wheat(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 05/10

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/09/07 100.00 05/10/07 143.25 43.25 2162.50 04/27/07 3075.002006 04/10/06 128.00 05/10/06 149.00 21.00 1050.00 05/09/06 1212.50 04/28/06 -562.502005 04/11/05 108.75 05/10/05 114.00 5.25 262.50 04/28/05 300.00 04/18/05 -450.002004 04/12/04 103.25 05/10/04 109.25 6.00 300.00 05/06/04 587.50 04/30/04 -775.002003 04/09/03 67.00 05/09/03 84.25 17.25 862.50 05/09/03 862.50 04/16/03 -225.002002 04/09/02 70.75 05/10/02 65.75 -5.00 -250.00 04/16/02 475.00 04/26/02 -250.002001 04/09/01 60.00 05/10/01 77.25 17.25 862.50 04/25/01 1187.50 04/10/01 -25.002000 04/10/00 38.50 05/10/00 41.00 2.50 125.00 04/13/00 200.00 05/02/00 -450.001999 04/09/99 64.00 05/10/99 56.50 -7.50 -375.00 04/19/99 -837.501998 04/09/98 60.25 05/08/98 66.75 6.50 325.00 04/14/98 525.00 04/24/98 -137.501997 04/09/97 112.50 05/09/97 158.50 46.00 2300.00 04/22/97 3112.501996 04/09/96 171.50 05/10/96 236.00 64.50 3225.00 04/25/96 6025.001995 04/10/95 102.75 05/10/95 109.75 7.00 350.00 05/03/95 562.501994 04/11/94 80.75 05/10/94 92.00 11.25 562.50 05/05/94 1012.50 04/15/94 -387.501993 04/12/93 77.75 05/10/93 71.50 -6.25 -312.50 04/22/93 162.50 05/04/93 -575.00







Buy Jul Wheat(MGE) / Sell Jul Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 06/11

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/09/07 120.50 06/11/07 160.00 39.50 1975.00 04/26/07 2075.002006 04/10/06 183.75 06/09/06 203.50 19.75 987.50 05/22/06 2125.00 04/17/06 -662.502005 04/11/05 121.50 06/10/05 128.50 7.00 350.00 04/29/05 500.00 04/15/05 -787.502004 04/12/04 107.75 06/10/04 121.25 13.50 675.00 05/07/04 862.50 06/02/04 -662.502003 04/09/03 109.25 06/11/03 114.00 4.75 237.50 06/09/03 825.00 04/17/03 -500.002002 04/09/02 95.00 06/11/02 95.25 0.25 12.50 04/16/02 287.50 05/14/02 -787.502001 04/09/01 103.25 06/11/01 126.50 23.25 1162.50 05/14/01 1737.502000 04/10/00 96.25 06/09/00 106.25 10.00 500.00 06/09/00 500.00 05/01/00 -412.501999 04/09/99 115.00 06/11/99 124.00 9.00 450.00 06/10/99 675.00 05/10/99 -812.501998 04/09/98 108.50 06/11/98 112.50 4.00 200.00 05/27/98 775.00 04/24/98 -250.001997 04/09/97 107.50 06/11/97 137.25 29.75 1487.50 04/21/97 2962.501996 04/09/96 94.25 06/11/96 113.75 19.50 975.00 05/08/96 4200.001995 04/10/95 92.50 06/09/95 127.50 35.00 1750.00 05/12/95 2237.501994 04/11/94 55.50 06/10/94 80.25 24.75 1237.50 05/11/94 1375.00 04/13/94 -75.001993 04/12/93 79.75 06/11/93 78.75 -1.00 -50.00 04/21/93 262.50 05/04/93 -587.50






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Buy Dec Wheat(MGE) / Sell Dec Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 07/06

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 04/09/07 120.50 07/06/07 276.00 155.50 7775.00 06/29/07 8037.50 04/10/07 -75.002006 04/10/06 172.50 07/06/06 246.00 73.50 3675.00 07/05/06 3862.50 04/17/06 -712.502005 04/11/05 120.75 07/06/05 116.25 -4.50 -225.00 04/28/05 475.00 06/16/05 -575.002004 04/12/04 119.00 07/06/04 139.50 20.50 1025.00 07/06/04 1025.00 06/02/04 -850.002003 04/09/03 110.25 07/03/03 118.75 8.50 425.00 05/16/03 900.00 04/22/03 -437.502002 04/09/02 97.75 07/05/02 108.25 10.50 525.00 07/05/02 525.00 06/24/02 -950.002001 04/09/01 104.00 07/06/01 118.25 14.25 712.50 05/29/01 1737.502000 04/10/00 101.00 07/06/00 131.00 30.00 1500.00 06/26/00 1750.00 05/02/00 -487.501999 04/09/99 118.00 07/06/99 131.50 13.50 675.00 06/28/99 875.00 05/28/99 -787.501998 04/09/98 107.75 07/06/98 114.75 7.00 350.00 06/03/98 550.00 06/26/98 -600.001997 04/09/97 117.50 07/03/97 125.25 7.75 387.50 04/21/97 3300.001996 04/09/96 163.00 07/05/96 135.75 -27.25 -1362.50 05/09/96 6525.00 07/02/96 -1600.001995 04/10/95 97.75 07/06/95 167.25 69.50 3475.00 06/29/95 4462.501994 04/11/94 69.50 07/06/94 98.50 29.00 1450.00 07/05/94 1537.50 04/21/94 -212.501993 04/12/93 67.75 07/06/93 68.50 0.75 37.50 04/22/93 412.50 07/01/93 -587.50







Buy Dec Corn(CBOT) / Sell Dec Wheat(CBOT)Enter on approximately 05/12 - Exit on approximately 06/17

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/14/07 -145.75 06/15/07 -197.75 -52.00 -2600.00 05/21/07 1150.00 06/14/07 -2912.502006 05/12/06 -149.25 06/16/06 -132.25 17.00 850.00 06/16/06 850.00 05/22/06 -1425.002005 05/12/05 -105.25 06/17/05 -99.75 5.50 275.00 06/16/05 362.50 05/27/05 -512.502004 05/12/04 -95.25 06/17/04 -88.50 6.75 337.50 06/02/04 987.50 05/26/04 -612.502003 05/12/03 -96.75 06/17/03 -92.75 4.00 200.00 06/16/03 275.00 06/10/03 -712.502002 05/13/02 -63.75 06/17/02 -80.25 -16.50 -825.00 05/22/02 100.00 06/14/02 -975.002001 05/14/01 -83.00 06/15/01 -72.75 10.25 512.50 06/11/01 662.502000 05/12/00 -46.75 06/16/00 -64.25 -17.50 -875.00 05/18/00 225.00 06/14/00 -975.001999 05/12/99 -59.00 06/17/99 -53.25 5.75 287.50 05/26/99 762.501998 05/12/98 -71.25 06/17/98 -56.25 15.00 750.00 06/17/98 750.001997 05/12/97 -149.50 06/17/97 -115.25 34.25 1712.50 06/16/97 1712.501996 05/13/96 -237.50 06/17/96 -161.50 76.00 3800.00 06/12/96 4175.00 05/21/96 -50.001995 05/12/95 -120.75 06/16/95 -116.25 4.50 225.00 05/17/95 675.00 06/05/95 -175.001994 05/12/94 -88.75 06/17/94 -78.25 10.50 525.00 06/01/94 612.50 06/08/94 -512.501993 05/12/93 -67.75 06/17/93 -65.50 2.25 112.50 05/26/93 112.50 05/19/93 -337.50






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Buy Sep Oats(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 05/20 - Exit on approximately 07/31

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 05/21/07 -119.25 07/31/07 -64.50 54.75 2737.50 07/24/07 2937.50 06/15/07 -600.002006 05/22/06 -70.50 07/31/06 -49.50 21.00 1050.00 06/27/06 1562.50 05/30/06 -662.502005 05/20/05 -81.75 07/29/05 -73.75 8.00 400.00 07/11/05 1175.00 05/23/05 -475.002004 05/20/04 -135.50 07/30/04 -95.50 40.00 2000.00 07/28/04 2137.50 06/02/04 -1362.502003 05/20/03 -95.25 07/31/03 -66.25 29.00 1450.00 07/31/03 1450.00 06/02/03 -387.502002 05/20/02 -89.25 07/31/02 -68.75 20.50 1025.00 07/17/02 1900.00 05/21/02 -12.502001 05/21/01 -94.00 07/31/01 -78.25 15.75 787.50 07/24/01 1312.50 06/13/01 -162.502000 05/22/00 -122.50 07/31/00 -73.75 48.75 2437.50 07/26/00 2475.001999 05/20/99 -105.00 07/30/99 -95.25 9.75 487.50 07/13/99 1237.50 06/18/99 -187.501998 05/20/98 -120.75 07/31/98 -109.25 11.50 575.00 06/05/98 650.00 06/23/98 -500.001997 05/20/97 -110.25 07/31/97 -96.25 14.00 700.00 07/08/97 1300.001996 05/20/96 -190.50 07/31/96 -162.00 28.50 1425.00 07/22/96 1800.00 05/28/96 -487.501995 05/22/95 -113.25 07/31/95 -112.25 1.00 50.00 07/31/95 50.00 06/19/95 -1212.501994 05/20/94 -136.50 07/29/94 -104.25 32.25 1612.50 07/28/94 1800.00 06/10/94 -437.501993 05/20/93 -96.00 07/30/93 -95.25 0.75 37.50 06/04/93 575.00 07/19/93 -162.50







Buy Jul Wheat(MGE) / Sell Jul Corn(CBOT)Enter on approximately 06/16 - Exit on approximately 06/29

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/18/07 168.00 06/29/07 293.50 125.50 6275.00 06/29/07 6275.002006 06/16/06 197.75 06/29/06 261.50 63.75 3187.50 06/29/06 3187.502005 06/16/05 120.00 06/29/05 128.50 8.50 425.00 06/27/05 587.502004 06/16/04 124.00 06/29/04 127.50 3.50 175.00 06/21/04 550.00 06/25/04 -112.502003 06/16/03 106.75 06/27/03 117.00 10.25 512.50 06/26/03 637.502002 06/17/02 92.25 06/28/02 103.50 11.25 562.50 06/27/02 587.502001 06/18/01 128.50 06/29/01 121.25 -7.25 -362.50 06/28/01 -687.502000 06/16/00 116.50 06/29/00 131.00 14.50 725.00 06/26/00 962.501999 06/16/99 121.00 06/29/99 130.50 9.50 475.00 06/28/99 637.50 06/18/99 -262.501998 06/16/98 104.50 06/29/98 108.50 4.00 200.00 06/24/98 312.50 06/19/98 -237.501997 06/16/97 115.00 06/27/97 132.75 17.75 887.50 06/27/97 887.50 06/23/97 -175.001996 06/17/96 116.00 06/28/96 45.25 -70.75 -3537.50 06/28/96 -3537.501995 06/16/95 130.25 06/29/95 225.75 95.50 4775.00 06/29/95 4775.001994 06/16/94 71.25 06/29/94 90.00 18.75 937.50 06/29/94 937.50 06/17/94 -175.001993 06/16/93 75.50 06/29/93 79.00 3.50 175.00 06/24/93 175.00 06/18/93 -62.50






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Buy Sep Wheat(MGE) / Sell Sep Corn(CBOT)Enter on approximately 06/16 - Exit on approximately 07/23

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/18/07 171.00 07/23/07 311.25 140.25 7012.50 07/23/07 7012.502006 06/16/06 195.75 07/21/06 266.75 71.00 3550.00 07/11/06 3587.502005 06/16/05 110.00 07/22/05 111.75 1.75 87.50 06/29/05 837.50 07/18/05 -412.502004 06/16/04 117.25 07/23/04 153.25 36.00 1800.00 07/22/04 1850.002003 06/16/03 104.50 07/23/03 152.25 47.75 2387.50 07/23/03 2387.50 06/27/03 -200.002002 06/17/02 86.75 07/23/02 134.25 47.50 2375.00 07/17/02 2862.50 06/24/02 -137.502001 06/18/01 128.75 07/23/01 114.50 -14.25 -712.50 07/11/01 -1500.002000 06/16/00 115.50 07/21/00 117.00 1.50 75.00 06/26/00 1012.501999 06/16/99 123.50 07/23/99 130.25 6.75 337.50 07/09/99 900.00 06/18/99 -312.501998 06/16/98 104.25 07/23/98 107.25 3.00 150.00 07/06/98 587.50 06/26/98 -425.001997 06/16/97 122.00 07/23/97 144.50 22.50 1125.00 07/23/97 1125.00 06/23/97 -437.501996 06/17/96 161.00 07/23/96 111.00 -50.00 -2500.00 07/12/96 -4187.501995 06/16/95 107.25 07/21/95 208.50 101.25 5062.50 07/21/95 5062.501994 06/16/94 66.25 07/22/94 121.75 55.50 2775.00 07/21/94 2787.50 06/20/94 -87.501993 06/16/93 62.50 07/23/93 86.50 24.00 1200.00 07/23/93 1200.00 06/18/93 -212.50







Buy Sep Wheat(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 06/16 - Exit on approximately 08/12

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/18/07 193.50 08/10/07 334.00 140.50 7025.00 08/09/07 7387.50 06/19/07 -25.002006 06/16/06 129.75 08/11/06 149.00 19.25 962.50 07/21/06 2012.502005 06/16/05 98.50 08/12/05 103.50 5.00 250.00 06/29/05 700.00 07/19/05 -425.002004 06/16/04 76.00 08/12/04 81.50 5.50 275.00 07/23/04 1450.00 06/25/04 -325.002003 06/16/03 83.25 08/12/03 142.00 58.75 2937.50 08/11/03 3287.50 06/25/03 -475.002002 06/17/02 81.00 08/12/02 91.00 10.00 500.00 07/17/02 1125.00 06/25/02 -450.002001 06/18/01 75.75 08/10/01 48.25 -27.50 -1375.00 07/11/01 -1375.002000 06/16/00 59.25 08/11/00 62.00 2.75 137.50 06/26/00 1225.00 08/07/00 -175.001999 06/16/99 49.00 08/12/99 53.25 4.25 212.50 08/02/99 925.00 06/18/99 -312.501998 06/16/98 46.75 08/12/98 50.00 3.25 162.50 08/12/98 162.50 07/29/98 -725.001997 06/16/97 98.25 08/12/97 99.25 1.00 50.00 07/25/97 850.00 07/16/97 -837.501996 06/17/96 119.50 08/12/96 97.50 -22.00 -1100.00 07/03/96 -2487.501995 06/16/95 106.00 08/11/95 160.25 54.25 2712.50 07/24/95 3950.001994 06/16/94 66.25 08/12/94 124.25 58.00 2900.00 08/12/94 2900.00 06/20/94 -300.001993 06/16/93 63.50 08/12/93 67.25 3.75 187.50 07/27/93 675.00 07/13/93 -425.00






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Buy Dec Wheat(KCBT) / Sell Dec Corn(CBOT)Enter on approximately 06/18 - Exit on approximately 10/01

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/18/07 186.25 10/01/07 580.50 394.25 19712.50 10/01/07 19712.502006 06/19/06 225.50 09/29/06 233.50 8.00 400.00 07/05/06 2162.50 09/25/06 -462.502005 06/20/05 104.75 09/30/05 174.75 70.00 3500.00 09/30/05 3500.00 07/19/05 -475.002004 06/18/04 111.25 10/01/04 128.50 17.25 862.50 09/21/04 1962.50 08/18/04 -862.502003 06/18/03 86.25 10/01/03 142.00 55.75 2787.50 08/15/03 3800.00 06/24/03 -150.002002 06/18/02 90.50 10/01/02 225.75 135.25 6762.50 10/01/02 6762.50 06/26/02 -275.002001 06/18/01 125.50 10/01/01 75.50 -50.00 -2500.00 09/14/01 -2712.502000 06/19/00 100.00 09/29/00 122.25 22.25 1112.50 09/29/00 1112.50 08/07/00 -112.501999 06/18/99 73.00 10/01/99 82.75 9.75 487.50 08/02/99 1000.001998 06/18/98 72.25 10/01/98 97.50 25.25 1262.50 09/24/98 1487.50 06/30/98 -537.501997 06/18/97 126.50 10/01/97 106.00 -20.50 -1025.00 07/25/97 575.00 07/16/97 -1112.501996 06/18/96 209.00 10/01/96 142.50 -66.50 -3325.00 06/19/96 37.50 09/12/96 -5175.001995 06/19/95 122.75 09/29/95 189.00 66.25 3312.50 06/29/95 3562.50 06/20/95 -25.001994 06/20/94 77.25 09/30/94 195.25 118.00 5900.00 09/30/94 5900.001993 06/18/93 63.50 10/01/93 77.75 14.25 712.50 09/01/93 875.00 07/01/93 -525.00







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Buy 2 Sep Oats(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 06/19 - Exit on approximately 07/25

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 06/19/07 148.50 07/25/07 190.50 42.00 2100.00 07/03/07 2700.002006 06/19/06 146.00 07/25/06 150.50 4.50 225.00 06/27/06 600.00 06/29/06 -662.502005 06/20/05 74.25 07/25/05 106.50 32.25 1612.50 07/11/05 2225.00 06/22/05 -175.002004 06/21/04 19.50 07/23/04 27.75 8.25 412.50 07/16/04 750.00 07/02/04 -412.502003 06/19/03 38.50 07/25/03 56.50 18.00 900.00 07/24/03 950.00 06/24/03 -250.002002 06/19/02 82.25 07/25/02 107.25 25.00 1250.00 07/17/02 2337.50 06/20/02 -87.502001 06/19/01 12.00 07/25/01 82.75 70.75 3537.50 07/25/01 3537.502000 06/19/00 13.75 07/25/00 31.75 18.00 900.00 07/21/00 1125.00 07/05/00 -162.501999 06/21/99 4.50 07/23/99 22.00 17.50 875.00 07/13/99 1050.001998 06/19/98 -1.00 07/24/98 3.25 4.25 212.50 06/26/98 737.501997 06/19/97 48.50 07/25/97 65.25 16.75 837.50 07/25/97 837.501996 06/19/96 24.00 07/25/96 32.50 8.50 425.00 07/11/96 1287.50 07/01/96 -312.501995 06/19/95 14.50 07/25/95 56.00 41.50 2075.00 07/24/95 2125.001994 06/20/94 -7.50 07/25/94 11.00 18.50 925.00 07/21/94 975.00 06/28/94 -212.501993 06/21/93 45.75 07/23/93 52.00 6.25 312.50 07/06/93 475.00 06/22/93 -212.50






Buy Sep Wheat(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 07/02 - Exit on approximately 07/23

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/02/07 243.50 07/23/07 310.25 66.75 3337.50 07/23/07 3337.502006 07/03/06 148.50 07/21/06 170.00 21.50 1075.00 07/21/06 1075.00 07/13/06 -662.502005 07/05/05 106.50 07/22/05 97.00 -9.50 -475.00 07/19/05 -825.002004 07/02/04 82.25 07/23/04 105.00 22.75 1137.50 07/23/04 1137.502003 07/02/03 91.00 07/23/03 140.75 49.75 2487.50 07/23/03 2487.50 07/08/03 -312.502002 07/02/02 85.00 07/23/02 91.25 6.25 312.50 07/17/02 925.002001 07/02/01 61.75 07/23/01 74.25 12.50 625.00 07/20/01 625.00 07/11/01 -675.002000 07/03/00 66.75 07/21/00 59.50 -7.25 -362.50 07/11/00 225.00 07/21/00 -362.501999 07/02/99 49.50 07/23/99 50.50 1.00 50.00 07/09/99 400.00 07/22/99 -62.501998 07/02/98 35.00 07/23/98 39.00 4.00 200.00 07/20/98 425.00 07/08/98 -75.001997 07/02/97 97.75 07/23/97 109.50 11.75 587.50 07/23/97 587.50 07/16/97 -812.501996 07/02/96 70.00 07/23/96 92.25 22.25 1112.50 07/22/96 1737.50 07/03/96 -12.501995 07/03/95 153.00 07/21/95 184.25 31.25 1562.50 07/21/95 1562.50 07/10/95 -937.501994 07/05/94 85.50 07/22/94 107.50 22.00 1100.00 07/20/94 1262.50 07/06/94 -112.501993 07/02/93 64.00 07/23/93 70.00 6.00 300.00 07/21/93 312.50 07/13/93 -450.00







Buy Sep Wheat(KCBT) / Sell Sep Corn(CBOT)Enter on approximately 07/13 - Exit on approximately 07/23

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/13/07 254.25 07/23/07 299.75 45.50 2275.00 07/23/07 2275.002006 07/13/06 233.25 07/21/06 268.75 35.50 1775.00 07/21/06 1775.002005 07/13/05 97.75 07/22/05 103.00 5.25 262.50 07/22/05 262.50 07/15/05 -237.502004 07/13/04 124.00 07/23/04 134.25 10.25 512.50 07/22/04 600.00 07/15/04 -100.002003 07/14/03 97.25 07/23/03 127.50 30.25 1512.50 07/23/03 1512.502002 07/15/02 122.75 07/23/02 124.00 1.25 62.50 07/17/02 350.002001 07/13/01 93.50 07/23/01 103.25 9.75 487.50 07/23/01 487.502000 07/13/00 109.00 07/21/00 97.25 -11.75 -587.50 07/20/00 -600.001999 07/13/99 79.25 07/23/99 71.50 -7.75 -387.50 07/22/99 -437.501998 07/13/98 59.00 07/23/98 61.50 2.50 125.00 07/20/98 187.50 07/17/98 -137.501997 07/14/97 95.50 07/23/97 120.50 25.00 1250.00 07/23/97 1250.00 07/16/97 -225.001996 07/15/96 106.00 07/23/96 123.25 17.25 862.50 07/18/96 1750.001995 07/13/95 168.25 07/21/95 202.00 33.75 1687.50 07/21/95 1687.501994 07/13/94 104.75 07/22/94 119.00 14.25 712.50 07/20/94 737.50 07/14/94 -62.501993 07/13/93 57.50 07/23/93 71.25 13.75 687.50 07/23/93 687.50






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CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/13/07 258.75 09/28/07 556.25 297.50 14875.00 09/28/07 14875.002006 07/13/06 230.25 09/29/06 233.50 3.25 162.50 07/21/06 1887.50 09/25/06 -700.002005 07/13/05 99.50 09/30/05 174.75 75.25 3762.50 09/30/05 3762.50 07/19/05 -212.502004 07/13/04 128.25 09/30/04 131.25 3.00 150.00 09/21/04 1112.50 08/18/04 -1712.502003 07/14/03 106.00 09/30/03 136.50 30.50 1525.00 08/15/03 2812.502002 07/15/02 114.75 09/30/02 223.75 109.00 5450.00 09/30/02 5450.00 07/24/02 -87.502001 07/13/01 94.50 09/28/01 78.00 -16.50 -825.00 07/23/01 550.00 09/14/01 -1162.502000 07/13/00 111.50 09/29/00 122.25 10.75 537.50 09/29/00 537.50 08/07/00 -687.501999 07/13/99 85.00 09/30/99 86.00 1.00 50.00 08/02/99 400.00 07/21/99 -525.001998 07/13/98 69.00 09/30/98 94.25 25.25 1262.50 09/24/98 1650.00 07/29/98 -325.001997 07/14/97 108.00 09/30/97 107.25 -0.75 -37.50 07/25/97 1500.00 07/16/97 -187.501996 07/15/96 143.75 09/30/96 145.25 1.50 75.00 07/18/96 1250.00 09/12/96 -1912.501995 07/13/95 165.25 09/29/95 189.00 23.75 1187.50 08/01/95 1250.00 08/17/95 -62.501994 07/13/94 112.00 09/30/94 195.25 83.25 4162.50 09/30/94 4162.50 07/14/94 -62.501993 07/13/93 58.75 09/30/93 78.25 19.50 975.00 09/01/93 1112.50







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CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/16/07 269.50 09/28/07 566.00 296.50 14825.00 09/28/07 14825.002006 07/17/06 144.50 09/29/06 180.50 36.00 1800.00 09/28/06 1837.50 08/22/06 -25.002005 07/15/05 94.25 09/30/05 140.75 46.50 2325.00 09/30/05 2325.00 07/19/05 -62.502004 07/15/04 96.25 09/30/04 101.25 5.00 250.00 09/16/04 1287.50 08/18/04 -850.002003 07/15/03 112.50 09/30/03 140.00 27.50 1375.00 08/15/03 2450.002002 07/15/02 95.25 09/30/02 145.00 49.75 2487.50 09/30/02 2487.50 08/21/02 -912.502001 07/16/01 68.00 09/28/01 56.25 -11.75 -587.50 07/20/01 475.00 09/19/01 -1062.502000 07/17/00 70.75 09/29/00 67.25 -3.50 -175.00 07/28/00 162.50 09/22/00 -700.001999 07/15/99 56.25 09/30/99 67.50 11.25 562.50 09/14/99 850.00 08/11/99 -112.501998 07/15/98 51.50 09/30/98 60.25 8.75 437.50 09/24/98 937.50 07/29/98 -500.001997 07/15/97 96.25 09/30/97 96.50 0.25 12.50 07/25/97 1625.00 07/18/97 -25.001996 07/15/96 119.75 09/30/96 139.25 19.50 975.00 08/12/96 1087.50 09/13/96 -862.501995 07/17/95 169.50 09/29/95 180.50 11.00 550.00 07/31/95 1037.50 08/16/95 -750.001994 07/15/94 110.50 09/30/94 187.75 77.25 3862.50 09/30/94 3862.501993 07/15/93 60.75 09/30/93 74.00 13.25 662.50 07/27/93 962.50 07/16/93 -87.50






Buy Sep Corn(CBOT) / Sell Sep Wheat(MGE)Enter on approximately 07/23 - Exit on approximately 07/30

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 07/23/07 -311.25 07/30/07 -309.75 1.50 75.00 07/30/07 75.00 07/24/07 -1025.002006 07/24/06 -259.25 07/28/06 -240.75 18.50 925.00 07/26/06 975.002005 07/25/05 -109.75 07/29/05 -112.75 -3.00 -150.00 07/29/05 -150.002004 07/23/04 -153.25 07/30/04 -132.25 21.00 1050.00 07/30/04 1050.002003 07/23/03 -152.25 07/30/03 -150.50 1.75 87.50 07/25/03 162.50 07/29/03 -162.502002 07/23/02 -134.25 07/30/02 -132.50 1.75 87.50 07/30/02 87.50 07/29/02 -150.002001 07/23/01 -114.50 07/30/01 -102.50 12.00 600.00 07/30/01 600.002000 07/24/00 -117.50 07/28/00 -119.50 -2.00 -100.00 07/28/00 -100.001999 07/23/99 -130.25 07/30/99 -124.00 6.25 312.50 07/30/99 312.50 07/27/99 -262.501998 07/23/98 -107.25 07/30/98 -94.50 12.75 637.50 07/29/98 725.001997 07/23/97 -144.50 07/30/97 -124.00 20.50 1025.00 07/30/97 1025.00 07/24/97 -87.501996 07/23/96 -111.00 07/30/96 -104.75 6.25 312.50 07/24/96 337.50 07/25/96 -75.001995 07/24/95 -207.50 07/28/95 -191.75 15.75 787.50 07/25/95 875.001994 07/25/94 -122.50 07/29/94 -117.00 5.50 275.00 07/29/94 275.00 07/27/94 -150.001993 07/23/93 -86.50 07/30/93 -74.25 12.25 612.50 07/30/93 612.50 07/27/93 -437.50








CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/14/07 338.00 09/27/07 532.75 194.75 9737.50 09/27/07 9737.50 08/21/07 -1200.002006 08/14/06 223.50 09/27/06 225.25 1.75 87.50 08/31/06 1037.50 09/25/06 -362.502005 08/15/05 124.75 09/27/05 164.00 39.25 1962.50 09/26/05 2137.50 08/17/05 -262.502004 08/16/04 97.75 09/27/04 142.25 44.50 2225.00 09/21/04 2637.50 08/18/04 -187.502003 08/14/03 156.50 09/26/03 130.00 -26.50 -1325.00 08/15/03 287.50 09/09/03 -2125.002002 08/14/02 118.00 09/27/02 212.25 94.25 4712.50 09/27/02 4712.50 08/15/02 -250.002001 08/14/01 78.25 09/27/01 79.00 0.75 37.50 08/24/01 362.50 09/14/01 -350.002000 08/14/00 103.75 09/27/00 113.25 9.50 475.00 09/01/00 537.50 09/22/00 -112.501999 08/16/99 81.25 09/27/99 89.00 7.75 387.50 09/14/99 525.00 08/17/99 -87.501998 08/14/98 78.50 09/25/98 98.50 20.00 1000.00 09/24/98 1175.00 08/25/98 -300.001997 08/14/97 112.50 09/26/97 112.75 0.25 12.50 08/29/97 887.50 09/15/97 -137.501996 08/14/96 130.00 09/27/96 139.00 9.00 450.00 08/23/96 525.00 09/12/96 -1225.001995 08/14/95 174.25 09/27/95 181.00 6.75 337.50 09/07/95 750.00 08/17/95 -512.501994 08/15/94 144.50 09/27/94 182.25 37.75 1887.50 09/26/94 2050.00 08/24/94 -162.501993 08/16/93 73.50 09/27/93 74.00 0.50 25.00 09/01/93 375.00 08/25/93 -262.50






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CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/21/07 349.00 09/28/07 566.00 217.00 10850.00 09/28/07 10850.002006 08/21/06 148.00 09/29/06 180.50 32.50 1625.00 09/28/06 1662.50 08/22/06 -200.002005 08/22/05 110.75 09/29/05 130.00 19.25 962.50 09/29/05 962.50 09/06/05 -550.002004 08/23/04 88.25 09/29/04 112.50 24.25 1212.50 09/16/04 1687.50 08/30/04 -362.502003 08/21/03 143.50 09/29/03 129.25 -14.25 -712.50 09/10/03 -1400.002002 08/21/02 77.00 09/27/02 143.75 66.75 3337.50 09/24/02 3350.002001 08/21/01 55.75 09/28/01 56.25 0.50 25.00 08/24/01 262.50 09/19/01 -450.002000 08/21/00 65.75 09/29/00 67.25 1.50 75.00 09/01/00 375.00 09/22/00 -450.001999 08/23/99 68.00 09/29/99 70.50 2.50 125.00 09/14/99 262.50 09/21/99 -425.001998 08/21/98 54.25 09/29/98 65.00 10.75 537.50 09/24/98 800.00 09/09/98 -237.501997 08/21/97 106.75 09/29/97 100.25 -6.50 -325.00 08/29/97 900.00 09/26/97 -350.001996 08/21/96 117.75 09/27/96 128.25 10.50 525.00 09/27/96 525.00 09/13/96 -762.501995 08/21/95 163.00 09/29/95 180.50 17.50 875.00 09/07/95 1312.50 08/30/95 -300.001994 08/22/94 144.00 09/29/94 173.75 29.75 1487.50 09/26/94 1800.00 08/24/94 -275.001993 08/23/93 70.25 09/29/93 76.75 6.50 325.00 09/01/93 475.00 09/23/93 -375.00







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CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 08/23/07 319.50 10/04/07 561.25 241.75 12087.50 10/03/07 12262.502006 08/23/06 211.00 10/04/06 211.25 0.25 12.50 09/05/06 725.00 09/18/06 -762.502005 08/23/05 120.75 10/04/05 179.25 58.50 2925.00 10/04/05 2925.00 09/01/05 -262.502004 08/23/04 118.25 10/04/04 152.25 34.00 1700.00 09/16/04 2512.50 08/24/04 -350.002003 08/25/03 146.75 10/03/03 138.50 -8.25 -412.50 09/05/03 -1412.502002 08/23/02 139.75 10/04/02 234.75 95.00 4750.00 10/01/02 5987.502001 08/23/01 93.00 10/04/01 95.00 2.00 100.00 08/29/01 337.50 09/07/01 -212.502000 08/23/00 120.25 10/04/00 122.25 2.00 100.00 09/29/00 325.00 09/22/00 -287.501999 08/23/99 126.50 10/04/99 124.00 -2.50 -125.00 09/07/99 225.00 09/22/99 -412.501998 08/24/98 114.50 10/02/98 142.50 28.00 1400.00 09/24/98 1425.00 09/10/98 -437.501997 08/25/97 124.00 10/03/97 130.00 6.00 300.00 08/28/97 1112.501996 08/23/96 120.00 10/04/96 128.75 8.75 437.50 10/04/96 437.50 09/12/96 -1475.001995 08/23/95 171.75 10/04/95 183.00 11.25 562.50 09/07/95 725.00 08/30/95 -312.501994 08/23/94 140.75 10/04/94 191.50 50.75 2537.50 10/04/94 2537.50 08/24/94 -150.001993 08/23/93 76.75 10/04/93 82.50 5.75 287.50 09/08/93 912.50 09/23/93 -50.00







CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/13/07 442.75 09/28/07 532.75 90.00 4500.00 09/28/07 4500.00 09/20/07 -450.002006 09/13/06 206.75 09/28/06 208.50 1.75 87.50 09/19/06 162.50 09/18/06 -550.002005 09/13/05 143.00 09/28/05 169.50 26.50 1325.00 09/28/05 1325.002004 09/13/04 162.50 09/28/04 159.50 -3.00 -150.00 09/16/04 300.00 09/28/04 -150.002003 09/15/03 132.00 09/26/03 137.25 5.25 262.50 09/25/03 387.50 09/18/03 -412.502002 09/13/02 198.00 09/27/02 243.75 45.75 2287.50 09/27/02 2287.50 09/16/02 -37.502001 09/13/01 90.00 09/28/01 92.25 2.25 112.50 09/25/01 337.50 09/14/01 -25.002000 09/13/00 119.50 09/28/00 120.25 0.75 37.50 09/18/00 62.50 09/22/00 -250.001999 09/13/99 128.75 09/28/99 130.50 1.75 87.50 09/28/99 87.50 09/22/99 -525.001998 09/14/98 109.50 09/28/98 136.00 26.50 1325.00 09/24/98 1675.001997 09/15/97 131.75 09/26/97 133.25 1.50 75.00 09/23/97 325.001996 09/13/96 92.00 09/27/96 119.75 27.75 1387.50 09/27/96 1387.501995 09/13/95 174.50 09/28/95 180.50 6.00 300.00 09/28/95 300.00 09/18/95 -325.001994 09/13/94 167.75 09/28/94 177.00 9.25 462.50 09/26/94 612.50 09/15/94 -175.001993 09/13/93 82.50 09/28/93 83.00 0.50 25.00 09/16/93 425.00 09/23/93 -337.50








CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 09/14/07 480.00 09/28/07 556.25 76.25 3812.50 09/28/07 3812.50 09/20/07 -762.502006 09/14/06 221.75 09/29/06 233.50 11.75 587.50 09/19/06 625.00 09/25/06 -275.002005 09/14/05 157.00 09/29/05 166.75 9.75 487.50 09/26/05 525.00 09/20/05 -287.502004 09/14/04 137.50 09/29/04 140.25 2.75 137.50 09/21/04 650.00 09/28/04 -37.502003 09/15/03 126.50 09/29/03 126.75 0.25 12.50 09/25/03 287.50 09/18/03 -475.002002 09/16/02 177.50 09/27/02 212.25 34.75 1737.50 09/27/02 1737.502001 09/14/01 71.25 09/28/01 78.00 6.75 337.50 09/27/01 387.502000 09/14/00 112.25 09/29/00 122.25 10.00 500.00 09/29/00 500.00 09/22/00 -537.501999 09/14/99 91.75 09/29/99 90.50 -1.25 -62.50 09/28/99 12.50 09/21/99 -537.501998 09/14/98 79.75 09/29/98 96.50 16.75 837.50 09/24/98 1112.501997 09/15/97 109.75 09/29/97 110.50 0.75 37.50 09/25/97 462.501996 09/16/96 110.75 09/27/96 139.00 28.25 1412.50 09/27/96 1412.501995 09/14/95 180.00 09/29/95 189.00 9.00 450.00 09/29/95 450.00 09/18/95 -350.001994 09/14/94 173.50 09/29/94 179.50 6.00 300.00 09/26/94 600.00 09/15/94 -150.001993 09/14/93 72.50 09/29/93 81.00 8.50 425.00 09/29/93 425.00 09/23/93 -175.00






Gra

in I

nter

-Mar

ket S

trat

egy

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les

Buy Mar Wheat(CBOT) / Sell Mar Corn(CBOT)Enter on approximately 09/19 - Exit on approximately 09/28

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 09/19/07 474.75 09/28/07 557.75 83.00 4150.00 09/28/07 4150.00 09/20/07 -287.502007 09/19/06 165.75 09/28/06 181.50 15.75 787.50 09/28/06 787.50 09/20/06 -125.002006 09/19/05 115.75 09/28/05 127.25 11.50 575.00 09/23/05 637.502005 09/20/04 117.25 09/28/04 108.25 -9.00 -450.00 09/21/04 262.50 09/28/04 -450.002004 09/19/03 123.75 09/26/03 135.75 12.00 600.00 09/25/03 675.00 09/22/03 -162.502003 09/19/02 123.75 09/27/02 138.00 14.25 712.50 09/27/02 712.502002 09/19/01 47.50 09/28/01 55.50 8.00 400.00 09/26/01 500.002001 09/19/00 67.00 09/28/00 68.75 1.75 87.50 09/27/00 125.00 09/22/00 -225.002000 09/20/99 66.50 09/28/99 76.50 10.00 500.00 09/28/99 500.00 09/21/99 -175.001999 09/21/98 68.25 09/28/98 68.75 0.50 25.00 09/24/98 225.001998 09/19/97 111.00 09/26/97 104.75 -6.25 -312.50 09/26/97 -312.501997 09/19/96 90.50 09/27/96 111.50 21.00 1050.00 09/27/96 1050.001996 09/19/95 173.25 09/28/95 174.50 1.25 62.50 09/21/95 137.50 09/22/95 -200.001995 09/19/94 171.75 09/28/94 173.00 1.25 62.50 09/23/94 287.50 09/21/94 -87.501994 09/20/93 63.25 09/28/93 69.00 5.75 287.50 09/28/93 287.50 09/23/93 -112.50







Gra

in I

nter

-Mar

ket S

trat

egy

Tab

les

Buy Mar Wheat(KCBT) / Sell Mar Corn(CBOT)Enter on approximately 09/21 - Exit on approximately 10/01

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 09/21/07 462.00 10/01/07 561.50 99.50 4975.00 10/01/07 4975.002007 09/21/06 222.25 09/29/06 227.00 4.75 237.50 09/28/06 237.50 09/25/06 -425.002006 09/21/05 140.25 09/30/05 164.75 24.50 1225.00 09/30/05 1225.002005 09/21/04 147.75 10/01/04 125.00 -22.75 -1137.50 10/01/04 -1137.502004 09/22/03 118.00 10/01/03 140.75 22.75 1137.50 10/01/03 1137.502003 09/23/02 174.00 10/01/02 203.50 29.50 1475.00 10/01/02 1475.002002 09/21/01 75.25 10/01/01 76.00 0.75 37.50 09/27/01 212.502001 09/21/00 105.75 09/29/00 123.50 17.75 887.50 09/29/00 887.50 09/22/00 -75.002000 09/21/99 84.25 10/01/99 86.25 2.00 100.00 09/28/99 550.001999 09/21/98 95.00 10/01/98 97.75 2.75 137.50 09/24/98 362.50 09/30/98 -12.501998 09/22/97 119.25 10/01/97 110.75 -8.50 -425.00 09/25/97 187.50 10/01/97 -425.001997 09/23/96 106.00 10/01/96 123.75 17.75 887.50 09/30/96 887.501996 09/21/95 173.75 09/29/95 179.50 5.75 287.50 09/29/95 287.50 09/22/95 -300.001995 09/21/94 172.25 09/30/94 184.75 12.50 625.00 09/30/94 625.001994 09/21/93 66.50 10/01/93 70.75 4.25 212.50 09/29/93 350.00 09/23/93 -175.00






Buy May Corn(CBOT) / Sell May Wheat(KCBT)Enter on approximately 10/02 - Exit on approximately 12/23

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 10/02/06 -214.00 12/22/06 -130.50 83.50 4175.00 12/19/06 4437.50 10/11/06 -1062.502006 10/03/05 -152.50 12/23/05 -149.75 2.75 137.50 12/13/05 887.50 10/13/05 -575.002005 10/04/04 -121.75 12/23/04 -120.25 1.50 75.00 12/02/04 600.00 11/08/04 -837.502004 10/02/03 -129.75 12/23/03 -125.75 4.00 200.00 10/08/03 975.00 12/04/03 -962.502003 10/02/02 -164.00 12/23/02 -114.00 50.00 2500.00 12/20/02 2550.00 10/16/02 -875.002002 10/02/01 -71.25 12/21/01 -70.50 0.75 37.50 12/13/01 275.00 10/31/01 -837.502001 10/02/00 -120.75 12/22/00 -101.50 19.25 962.50 12/18/00 1325.00 10/10/00 -125.002000 10/04/99 -90.25 12/23/99 -75.25 15.00 750.00 12/13/99 987.501999 10/02/98 -99.75 12/23/98 -96.50 3.25 162.50 12/11/98 537.50 10/26/98 -537.501998 10/02/97 -111.25 12/23/97 -75.75 35.50 1775.00 12/19/97 1862.501997 10/02/96 -92.25 12/23/96 -107.50 -15.25 -762.50 11/07/96 362.50 12/18/96 -1350.001996 10/02/95 -145.50 12/22/95 -110.75 34.75 1737.50 12/22/95 1737.50 10/04/95 -212.501995 10/03/94 -163.25 12/23/94 -146.50 16.75 837.50 12/14/94 1425.00 10/11/94 -150.001994 10/04/93 -61.50 12/23/93 -58.75 2.75 137.50 11/11/93 1075.00 10/07/93 -75.001993 10/02/92 -105.50 12/23/92 -104.50 1.00 50.00 10/29/92 200.00 11/27/92 -562.50







Buy Dec Corn(CBOT) / Sell Dec Wheat(CBOT)Enter on approximately 10/19 - Exit on approximately 11/10

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 10/19/07 -485.25 11/09/07 -375.25 110.00 5500.00 11/08/07 5637.50 10/22/07 -1062.502006 10/19/06 -197.00 11/10/06 -137.25 59.75 2987.50 11/10/06 2987.50 10/23/06 -87.502005 10/19/05 -126.00 11/10/05 -116.00 10.00 500.00 11/07/05 537.50 10/20/05 -175.002004 10/19/04 -112.25 11/10/04 -105.25 7.00 350.00 11/03/04 550.00 10/28/04 -187.502003 10/20/03 -120.00 11/10/03 -150.25 -30.25 -1512.50 11/10/03 -1512.502002 10/21/02 -154.50 11/08/02 -146.75 7.75 387.50 10/23/02 412.50 10/28/02 -675.002001 10/19/01 -81.50 11/09/01 -80.00 1.50 75.00 10/24/01 212.50 10/26/01 -400.002000 10/19/00 -53.50 11/10/00 -44.75 8.75 437.50 11/09/00 450.00 10/27/00 -237.501999 10/19/99 -62.00 11/10/99 -52.75 9.25 462.50 11/09/99 462.501998 10/19/98 -72.00 11/10/98 -70.75 1.25 62.50 10/20/98 237.50 10/26/98 -437.501997 10/20/97 -87.50 11/10/97 -74.25 13.25 662.50 10/27/97 675.00 10/21/97 -50.001996 10/21/96 -121.50 11/08/96 -111.25 10.25 512.50 10/31/96 812.501995 10/19/95 -175.50 11/10/95 -169.25 6.25 312.50 11/02/95 1262.50 10/20/95 -25.001994 10/19/94 -183.00 11/10/94 -159.00 24.00 1200.00 11/10/94 1200.00 10/24/94 -187.501993 10/19/93 -76.25 11/10/93 -71.75 4.50 225.00 11/02/93 287.50 10/21/93 -362.50






Gra

in I

nter

-Mar

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Tab

les

Buy May Corn(CBOT) / Sell May Wheat(MGE)Enter on approximately 10/24 - Exit on approximately 01/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 10/24/06 -201.00 01/26/07 -86.00 115.00 5750.00 01/26/07 5750.002006 10/24/05 -154.50 01/27/06 -175.50 -21.00 -1050.00 11/23/05 237.50 01/20/06 -1100.002005 10/25/04 -153.75 01/27/05 -127.75 26.00 1300.00 01/27/05 1300.00 11/08/04 -237.502004 10/24/03 -139.50 01/27/04 -117.00 22.50 1125.00 01/26/04 1287.50 11/21/03 -987.502003 10/24/02 -216.75 01/27/03 -139.75 77.00 3850.00 12/31/02 4325.00 11/04/02 -437.502002 10/24/01 -102.75 01/25/02 -94.25 8.50 425.00 12/11/01 825.00 11/07/01 -512.502001 10/24/00 -119.00 01/26/01 -118.50 0.50 25.00 12/28/00 1262.50 10/27/00 -225.002000 10/25/99 -129.25 01/27/00 -100.50 28.75 1437.50 01/27/00 1437.501999 10/26/98 -140.50 01/27/99 -141.25 -0.75 -37.50 12/11/98 662.50 12/30/98 -137.501998 10/24/97 -105.75 01/27/98 -98.50 7.25 362.50 01/20/98 750.00 10/30/97 -175.001997 10/24/96 -97.50 01/27/97 -95.25 2.25 112.50 12/05/96 387.50 12/18/96 -1187.501996 10/24/95 -159.50 01/26/96 -113.50 46.00 2300.00 01/19/96 2925.00 10/27/95 -212.501995 10/24/94 -175.25 01/27/95 -125.00 50.25 2512.50 01/27/95 2512.501994 10/25/93 -59.00 01/27/94 -58.00 1.00 50.00 11/11/93 587.50 12/21/93 -950.001993 10/26/92 -116.75 01/27/93 -114.25 2.50 125.00 12/28/92 562.50 11/16/92 -450.00







Per

sona

l Not

esBuy Mar Corn(CBOT) / Sell Mar Wheat(CBOT)


CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/08/06 -152.00 02/06/07 -54.50 97.50 4875.00 02/06/07 4875.002006 11/08/05 -119.25 02/06/06 -132.25 -13.00 -650.00 12/09/05 775.00 02/06/06 -650.002005 11/08/04 -111.75 02/04/05 -92.75 19.00 950.00 12/02/04 975.00 11/17/04 -25.002004 11/10/03 -156.25 02/06/04 -99.50 56.75 2837.50 02/06/04 2837.50 11/13/03 -725.002003 11/08/02 -143.75 02/06/03 -88.00 55.75 2787.50 01/27/03 3412.50 11/11/02 -37.502002 11/08/01 -77.50 02/06/02 -76.00 1.50 75.00 12/04/01 750.00 01/04/02 -950.002001 11/08/00 -55.75 02/06/01 -53.50 2.25 112.50 12/28/00 712.50 01/23/01 -800.002000 11/08/99 -62.00 02/04/00 -37.25 24.75 1237.50 02/03/00 1312.501999 11/09/98 -81.50 02/05/99 -51.00 30.50 1525.00 12/11/98 1662.501998 11/10/97 -79.75 02/06/98 -64.00 15.75 787.50 01/20/98 1300.00 12/05/97 -75.001997 11/08/96 -104.00 02/06/97 -89.25 14.75 737.50 02/04/97 837.50 12/18/96 -1600.001996 11/08/95 -161.25 02/06/96 -159.00 2.25 112.50 01/08/96 1912.50 11/14/95 -212.501995 11/08/94 -169.50 02/06/95 -134.00 35.50 1775.00 01/26/95 1837.50 12/27/94 -312.501994 11/08/93 -64.25 02/04/94 -83.75 -19.50 -975.00 11/11/93 475.00 01/10/94 -1137.501993 11/09/92 -143.25 02/05/93 -149.25 -6.00 -300.00 12/29/92 575.00 01/19/93 -1475.00






Buy Jul Corn(CBOT) / Sell Jul Wheat(MGE)Enter on approximately 11/08 - Exit on approximately 12/10

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 11/08/07 -314.25 12/10/07 -512.75 -198.50 -9925.00 12/10/07 -9925.002007 11/08/06 -132.00 12/08/06 -123.25 8.75 437.50 11/27/06 712.50 12/04/06 -512.502006 11/08/05 -148.25 12/09/05 -139.75 8.50 425.00 11/23/05 450.00 11/09/05 -212.502005 11/08/04 -147.25 12/10/04 -135.00 12.25 612.50 11/29/04 1000.00 11/10/04 -162.502004 11/10/03 -138.25 12/10/03 -135.00 3.25 162.50 11/19/03 625.00 11/17/03 -112.502003 11/08/02 -194.75 12/10/02 -137.00 57.75 2887.50 12/10/02 2887.502002 11/08/01 -111.50 12/10/01 -89.25 22.25 1112.50 12/03/01 1237.502001 11/08/00 -115.25 12/08/00 -105.25 10.00 500.00 12/08/00 500.00 11/13/00 -75.002000 11/08/99 -125.00 12/10/99 -120.50 4.50 225.00 12/07/99 312.50 11/15/99 -312.501999 11/09/98 -136.25 12/10/98 -129.00 7.25 362.50 11/23/98 525.001998 11/10/97 -106.25 12/10/97 -105.25 1.00 50.00 11/17/97 287.50 11/28/97 -37.501997 11/08/96 -88.75 12/10/96 -85.50 3.25 162.50 12/05/96 550.00 11/13/96 -275.001996 11/08/95 -129.00 12/08/95 -117.25 11.75 587.50 12/04/95 725.00 11/10/95 -200.001995 11/08/94 -126.75 12/09/94 -124.25 2.50 125.00 11/16/94 437.50 12/02/94 -37.501994 11/08/93 -48.75 12/10/93 -45.75 3.00 150.00 11/12/93 425.00 11/26/93 -125.00




Average Net Profit Per Trade -2.83 -141.67 Total trades 15



Buy May Corn(CBOT) / Sell May Wheat(KCBT)Enter on approximately 11/08 - Exit on approximately 12/13

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2008 11/08/07 -359.75 12/13/07 -533.25 -173.50 -8675.00 11/13/07 300.00 12/10/07 -8787.502007 11/08/06 -163.50 12/13/06 -138.00 25.50 1275.00 12/12/06 1587.502006 11/08/05 -148.00 12/13/05 -134.75 13.25 662.50 12/13/05 662.50 11/10/05 -237.502005 11/08/04 -138.50 12/13/04 -117.00 21.50 1075.00 12/02/04 1437.502004 11/10/03 -138.50 12/12/03 -133.75 4.75 237.50 11/19/03 500.00 12/04/03 -525.002003 11/08/02 -161.25 12/13/02 -125.00 36.25 1812.50 12/10/02 1937.502002 11/08/01 -83.25 12/13/01 -65.75 17.50 875.00 12/13/01 875.002001 11/08/00 -105.50 12/13/00 -100.00 5.50 275.00 12/13/00 275.00 11/24/00 -262.502000 11/08/99 -88.25 12/13/99 -70.50 17.75 887.50 12/13/99 887.501999 11/09/98 -106.75 12/11/98 -89.00 17.75 887.50 12/11/98 887.501998 11/10/97 -90.00 12/12/97 -79.75 10.25 512.50 12/12/97 512.501997 11/08/96 -87.50 12/13/96 -109.75 -22.25 -1112.50 12/13/96 -1112.501996 11/08/95 -138.50 12/13/95 -120.50 18.00 900.00 12/04/95 925.001995 11/08/94 -143.00 12/13/94 -135.75 7.25 362.50 12/13/94 362.501994 11/08/93 -48.00 12/13/93 -50.25 -2.25 -112.50 11/11/93 400.00 11/24/93 -200.00




Average Net Profit Per Trade -0.18 -9.17 Total trades 15


Gra

in I

nter

-Mar

ket S

trat

egy

Tab

les

Buy Mar Corn(CBOT) / Sell Mar Wheat(KCBT)Enter on approximately 11/30 - Exit on approximately 02/27

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 11/30/06 -159.75 02/27/07 -86.50 73.25 3662.50 02/14/07 4537.50 12/04/06 -112.502006 11/30/05 -168.75 02/27/06 -213.00 -44.25 -2212.50 12/13/05 875.00 02/21/06 -2262.502005 11/30/04 -126.50 02/25/05 -150.75 -24.25 -1212.50 12/02/04 300.00 02/25/05 -1212.502004 12/01/03 -156.25 02/27/04 -88.00 68.25 3412.50 02/27/04 3412.50 12/03/03 -150.002003 12/02/02 -173.50 02/27/03 -108.25 65.25 3262.50 01/13/03 3512.502002 11/30/01 -73.25 02/27/02 -80.50 -7.25 -362.50 12/13/01 325.00 01/25/02 -687.502001 11/30/00 -103.00 02/27/01 -94.75 8.25 412.50 12/28/00 512.50 01/23/01 -775.002000 11/30/99 -76.50 02/25/00 -63.75 12.75 637.50 02/01/00 675.00 12/01/99 -25.001999 11/30/98 -96.75 02/26/99 -66.75 30.00 1500.00 02/25/99 1625.00 01/08/99 -362.501998 12/01/97 -88.00 02/27/98 -85.50 2.50 125.00 01/21/98 1175.00 12/05/97 -62.501997 12/02/96 -127.25 02/27/97 -122.75 4.50 225.00 02/27/97 225.00 01/08/97 -1450.001996 11/30/95 -156.00 02/27/96 -152.50 3.50 175.00 01/08/96 1650.00 02/06/96 -987.501995 11/30/94 -162.00 02/27/95 -132.75 29.25 1462.50 02/27/95 1462.50 12/27/94 -700.001994 11/30/93 -72.75 02/25/94 -72.00 0.75 37.50 01/26/94 287.50 12/21/93 -775.001993 11/30/92 -137.00 02/26/93 -135.50 1.50 75.00 12/17/92 537.50 01/19/93 -850.00







Gra

in I

nter

-Mar

ket S

trat

egy

Tab

les

Buy May Corn(CBOT) / Sell 2 May Oats(CBOT)Enter on approximately 12/05 - Exit on approximately 02/16

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/05/06 -158.25 02/16/07 -69.50 88.75 4437.50 02/16/07 4437.50 12/21/06 -562.502006 12/05/05 -168.50 02/16/06 -147.75 20.75 1037.50 01/26/06 1487.50 12/08/05 -437.502005 12/06/04 -102.50 02/16/05 -99.75 2.75 137.50 01/07/05 362.50 02/01/05 -712.502004 12/05/03 -46.75 02/13/04 -16.25 30.50 1525.00 02/13/04 1525.00 01/07/04 -537.502003 12/05/02 -151.75 02/14/03 -150.00 1.75 87.50 12/16/02 612.50 01/10/03 -1200.002002 12/05/01 -174.00 02/15/02 -165.75 8.25 412.50 12/19/01 2612.502001 12/05/00 -6.50 02/16/01 3.00 9.50 475.00 02/14/01 587.50 12/07/00 -112.502000 12/06/99 -25.75 02/16/00 1.25 27.00 1350.00 02/16/00 1350.00 12/09/99 -125.001999 12/07/98 -7.25 02/16/99 9.75 17.00 850.00 02/16/99 850.001998 12/05/97 -37.50 02/13/98 -22.00 15.50 775.00 01/26/98 887.50 12/15/97 -275.001997 12/05/96 -45.75 02/14/97 -39.25 6.50 325.00 01/30/97 675.00 01/07/97 -1087.501996 12/05/95 -101.75 02/16/96 -60.75 41.00 2050.00 02/13/96 2375.00 12/14/95 -1512.501995 12/05/94 -13.75 02/16/95 -7.50 6.25 312.50 02/08/95 412.50 12/20/94 -612.501994 12/06/93 11.00 02/16/94 31.25 20.25 1012.50 01/06/94 1162.50 12/10/93 -25.001993 12/07/92 -67.25 02/16/93 -56.50 10.75 537.50 02/16/93 537.50 12/15/92 -412.50






Buy May Corn(CBOT) / Sell May Oats(CBOT)Enter on approximately 12/10 - Exit on approximately 02/17

CONTYEAR

ENTRYDATE

ENTRYPRICE

EXITDATE

EXITPRICE PROFIT

PROFITAMOUNT

BESTEQUITYDATE

BESTEQUITY

AMOUNT

WORSTEQUITYDATE

WORSTEQUITY

AMOUNT

2007 12/11/06 108.00 02/16/07 180.00 72.00 3600.00 02/16/07 3600.00 01/04/07 -237.502006 12/12/05 20.75 02/17/06 45.75 25.00 1250.00 02/17/06 1250.00 12/14/05 -25.002005 12/10/04 53.25 02/17/05 55.00 1.75 87.50 12/27/04 325.00 01/28/05 -462.502004 12/10/03 102.00 02/17/04 136.00 34.00 1700.00 02/13/04 1712.50 12/30/03 -362.502003 12/10/02 46.00 02/14/03 46.75 0.75 37.50 12/16/02 237.50 01/13/03 -825.002002 12/10/01 44.75 02/15/02 23.00 -21.75 -1087.50 12/19/01 237.50 01/03/02 -1112.502001 12/11/00 109.00 02/16/01 111.25 2.25 112.50 12/27/00 575.00 01/29/01 -62.502000 12/10/99 88.75 02/17/00 115.50 26.75 1337.50 02/10/00 1425.00 12/13/99 -50.001999 12/10/98 111.25 02/17/99 113.25 2.00 100.00 02/10/99 225.00 01/04/99 -112.501998 12/10/97 125.25 02/17/98 128.75 3.50 175.00 01/26/98 375.00 01/08/98 -712.501997 12/10/96 108.25 02/14/97 117.25 9.00 450.00 01/27/97 575.00 01/07/97 -612.501996 12/11/95 116.75 02/16/96 161.00 44.25 2212.50 02/14/96 2237.50 12/14/95 -375.001995 12/12/94 109.50 02/17/95 116.50 7.00 350.00 02/08/95 425.00 12/19/94 -250.001994 12/10/93 153.50 02/17/94 161.00 7.50 375.00 01/06/94 1012.501993 12/10/92 78.75 02/17/93 82.25 3.50 175.00 01/27/93 200.00 12/30/92 -125.00







PageHistorical Volatility Charts

Corn (CBOT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144

Oats (CBOT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146

Wheat (CBOT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148

Wheat (KCBT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150

Wheat (MGE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152

Seasonal Pattern/Average & Weekly Continuation ChartsCash & Basis

Corn: Cash and Cash vs: Mar, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154

Corn: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156

Chicago Wheat: Cash and Cash vs: Mar, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158

Chicago Wheat: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160

KC Wheat: Cash and Cash vs: Mar, May, Jul . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162

KC Wheat: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164

Minneapolis Wheat: Cash and Cash vs: Mar, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 166

Minneapolis Wheat: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168

Miscellaneous

Mis

cell

aneo

us


Jul Corn(CBOT) 15 Year Ave Volatility(93-07)

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 5%

10%

15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

May Corn(CBOT) 15 Year Ave Volatility(93-07)

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 5%

10%

15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Mar Corn(CBOT) 15 Year Ave Volatility(93-07)

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 5%

10%

15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: C

orn(

CB

OT

)


Dec Corn(CBOT) 15 Year Ave Volatility(93-07)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 5%

10%

15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

Sep Corn(CBOT) 15 Year Ave Volatility(93-07)

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 5%

10%

15%

20%

25%

30%

35%

40%

45%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: C

orn(

CB

OT

)


Jul Oats(CBOT) 15 Year Ave Volatility(93-07)


10%

20%

30%

40%

50%

+1 STDAbove

CentralTendency

-1 STDBelow

May Oats(CBOT) 15 Year Ave Volatility(93-07)


20%

30%

40%

50%

60%

+1 STDAbove

CentralTendency

-1 STDBelow

Mar Oats(CBOT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: O

ats(

CB

OT

)


Dec Oats(CBOT) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

35%

40%

45%

+1 STDAbove

CentralTendency

-1 STDBelow

Sep Oats(CBOT) 15 Year Ave Volatility(93-07)


10%

20%

30%

40%

50%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: O

ats(

CB

OT

)


Jul Wheat(CBOT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

May Wheat(CBOT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

35%

40%

45%

+1 STDAbove

CentralTendency

-1 STDBelow

Mar Wheat(CBOT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: W

heat

(CB

OT

)


Dec Wheat(CBOT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

Sep Wheat(CBOT) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: W

heat

(CB

OT

)


Jul Wheat(KCBT) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

May Wheat(KCBT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

35%

40%

+1 STDAbove

CentralTendency

-1 STDBelow

Mar Wheat(KCBT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: W

heat

(KC

BT

)


Dec Wheat(KCBT) 15 Year Ave Volatility(93-07)


15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Sep Wheat(KCBT) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: W

heat

(KC

BT

)


Jul Wheat(MGE) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

May Wheat(MGE) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Mar Wheat(MGE) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: W

heat

(MG

E)


Dec Wheat(MGE) 15 Year Ave Volatility(92-06)


10%

15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Sep Wheat(MGE) 15 Year Ave Volatility(93-07)


10%

15%

20%

25%

30%

35%

+1 STDAbove

CentralTendency

-1 STDBelow

Vol

atili

ty: W

heat

(MG

E)


Corn: No 2 yellow Cent-Ill - May Corn(CBOT) 15 Year Average(93-07)

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May -45.00

-40.00

-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

15 YearPattern

5 YearPattern

Corn: No 2 yellow Cent-Ill - Mar Corn(CBOT) 15 Year Average(93-07)

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar -40.00

-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

15 YearPattern

5 YearPattern

Corn: No 2 yellow Cent-Ill 15 Year Seasonal(93-07)

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 0

20

40

60

80

100

15 YearPattern

5 YearPattern

Cor

n C

ash

& B

asis


Weekly Corn: No 2 yellow Cent-Ill - May Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-80.00

-70.00

-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

Weekly Corn: No 2 yellow Cent-Ill - Mar Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-70.00

-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

Weekly Corn: No 2 yellow Cent-Ill

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

500.00

Cor

n C

ash

& B

asis


Corn: No 2 yellow Cent-Ill - Dec Corn(CBOT) 15 Year Average(93-07)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

15 YearPattern

5 YearPattern

Corn: No 2 yellow Cent-Ill - Sep Corn(CBOT) 15 Year Average(93-07)

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep -50.00

-40.00

-30.00

-20.00

-10.00

0.00

15 YearPattern

5 YearPattern

Corn: No 2 yellow Cent-Ill - Jul Corn(CBOT) 15 Year Average(93-07)

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul -50.00

-40.00

-30.00

-20.00

-10.00

0.00

15 YearPattern

5 YearPattern

Cor

n B

asis


Weekly Corn: No 2 yellow Cent-Ill - Dec Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

Weekly Corn: No 2 yellow Cent-Ill - Sep Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-90.00

-80.00

-70.00

-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

Weekly Corn: No 2 yellow Cent-Ill - Jul Corn(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-90.00

-80.00

-70.00

-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

Cor

n B

asis


Wheat: No 2 sft red St Louis - May Wheat(CBOT) 15 Year Average(93-07)


-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

15 YearPattern

5 YearPattern

Wheat: No 2 sft red St Louis - Mar Wheat(CBOT) 15 Year Average(93-07)


-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

15 YearPattern

5 YearPattern

Wheat: No 2 sft red St Louis 15 Year Seasonal(93-07)

May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 0

20

40

60

80

100

15 YearPattern

5 YearPattern

Chi

cago

Whe

at C

ash

& B

asis


Weekly Wheat: No 2 sft red St Louis - May Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

Weekly Wheat: No 2 sft red St Louis - Mar Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

Weekly Wheat: No 2 sft red St Louis

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00

200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

Chi

cago

Whe

at C

ash

& B

asis


Wheat: No 2 sft red St Louis - Dec Wheat(CBOT) 15 Year Average(93-07)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

15 YearPattern

5 YearPattern

Wheat: No 2 sft red St Louis - Sep Wheat(CBOT) 15 Year Average(93-07)

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep -40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

15 YearPattern

5 YearPattern

Wheat: No 2 sft red St Louis - Jul Wheat(CBOT) 15 Year Average(93-07)

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul -50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

15 YearPattern

5 YearPattern

Chi

cago

Whe

at B

asis


Weekly Wheat: No 2 sft red St Louis - Dec Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

Weekly Wheat: No 2 sft red St Louis - Sep Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00

-100.00

-50.00

0.00

50.00

100.00

150.00

200.00

250.00

Weekly Wheat: No 2 sft red St Louis - Jul Wheat(CBOT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00

-100.00

-50.00

0.00

50.00

100.00

150.00

200.00

250.00

Chi

cago

Whe

at B

asis


Wheat: No 2 hard KC - May Wheat(KCBT) 15 Year Average(93-07)


0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

15 YearPattern

5 YearPattern

Wheat: No 2 hard KC - Mar Wheat(KCBT) 15 Year Average(93-07)


0.00

10.00

20.00

30.00

40.00

50.00

60.00

15 YearPattern

5 YearPattern

Wheat: No 2 hard KC 15 Year Seasonal(93-07)

May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 0

20

40

60

80

100

15 YearPattern

5 YearPattern

KC

Whe

at C

ash

& B

asis


Weekly Wheat: No 2 hard KC - May Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

Weekly Wheat: No 2 hard KC - Mar Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

Weekly Wheat: No 2 hard KC

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

KC

Whe

at C

ash

& B

asis


Wheat: No 2 hard KC - Dec Wheat(KCBT) 15 Year Average(93-07)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0.00

10.00

20.00

30.00

40.00

50.00

60.00

15 YearPattern

5 YearPattern

Wheat: No 2 hard KC - Sep Wheat(KCBT) 15 Year Average(93-07)

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

90.00

15 YearPattern

5 YearPattern

Wheat: No 2 hard KC - Jul Wheat(KCBT) 15 Year Average(93-07)

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0.00

20.00

40.00

60.00

80.00

100.00

15 YearPattern

5 YearPattern

KC

Whe

at B

asis


Weekly Wheat: No 2 hard KC - Dec Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00

-100.00

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

Weekly Wheat: No 2 hard KC - Sep Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00

-50.00

0.00

50.00

100.00

150.00

200.00

250.00

Weekly Wheat: No 2 hard KC - Jul Wheat(KCBT)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00

-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00

KC

Whe

at B

asis


Wheat: spring 14%-pro Mpls - May Wheat(MGE) 15 Year Average(93-07)

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 30.00

40.00

50.00

60.00

70.00

80.00

90.00

100.00

15 YearPattern

5 YearPattern

Wheat: spring 14%-pro Mpls - Mar Wheat(MGE) 15 Year Average(93-07)

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 30.00

40.00

50.00

60.00

70.00

80.00

90.00

100.00

15 YearPattern

5 YearPattern

Wheat: spring 14%-pro Mpls 15 Year Seasonal(93-07)


20

40

60

80

100

15 YearPattern

5 YearPattern

Min

neap

olis

Whe

at C

ash

& B

asis


Weekly Wheat: spring 14%-pro Mpls - May Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

Weekly Wheat: spring 14%-pro Mpls - Mar Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

180.00

Weekly Wheat: spring 14%-pro Mpls

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

1000.00

1100.00

1200.00

Min

neap

olis

Whe

at C

ash

& B

asis


Wheat: spring 14%-pro Mpls - Dec Wheat(MGE) 15 Year Average(93-07)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 40.00

50.00

60.00

70.00

80.00

90.00

100.00

110.00

15 YearPattern

5 YearPattern

Wheat: spring 14%-pro Mpls - Sep Wheat(MGE) 15 Year Average(93-07)

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 40.00

50.00

60.00

70.00

80.00

90.00

100.00

110.00

120.00

15 YearPattern

5 YearPattern

Wheat: spring 14%-pro Mpls - Jul Wheat(MGE) 15 Year Average(93-07)

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 40.00

50.00

60.00

70.00

80.00

90.00

100.00

15 YearPattern

5 YearPattern

Min

neap

olis

Whe

at B

asis


Weekly Wheat: spring 14%-pro Mpls - Dec Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

160.00

180.00

Weekly Wheat: spring 14%-pro Mpls - Sep Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

300.00

350.00

Weekly Wheat: spring 14%-pro Mpls - Jul Wheat(MGE)

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00

0.00

50.00

100.00

150.00

200.00

250.00

Min

neap

olis

Whe

at B

asis


Per

sona

l Not

es


Chr

onol

ogic

al S

umm

ary

Chronological Summary of StrategiesSeasonalStrategy

EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

1 Buy Dec Wheat(MGE)Sell May Wheat(MGE)

1/02 3/28 93 14 1 15 523 6/87 80

2 Sell Oats(CBOT)—May 1/03 2/16 93 14 1 15 343 8/45 41



1/03 3/31 100 15 0 15 318 4/89 81


1/05 1/20 87 13 2 15 433 27/16 125


1/05 2/16 87 13 2 15 347 8/43 125

7 Buy Mar Wheat(KCBT)Sell Mar Wheat(CBOT)

1/07 2/27 87 13 2 15 478 9/52 81

8 Buy Sep Wheat(KCBT)Sell Mar Wheat(KCBT)

1/07 2/27 87 13 2 15 329 6/52 82


1/09 2/09 100 15 0 15 342 11/32 82

10 Buy May Corn(CBOT)Sell May Wheat(CBOT)

1/12 3/31 93 14 1 15 748 9/80 126

11 Sell Oats(CBOT)—March 1/13 2/13 87 13 2 15 221 7/32 41



14 Buy Dec Wheat(CBOT)Sell May Wheat(CBOT)

2/09 4/08 93 14 1 15 428 7/60 83


2/14 4/24 80 12 3 15 449 6/71 83


3/25 4/12 87 13 2 15 394 21/19 84


3/28 4/18 87 13 2 15 350 16/22 84

18 Buy Jul Wheat(KCBT)Sell Jul Wheat(CBOT)

3/28 6/29 93 14 1 15 856 9/94 85


20 Buy Dec Oats(CBOT)Sell May Oats(CBOT)

3/31 4/12 87 13 2 15 206 16/13 42

21 Buy Jul Wheat(KCBT)Sell Jul Corn(CBOT)

4/01 5/19 87 13 2 15 831 17/49 126






Chr

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umm

ary


EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo


23 Sell Corn(CBOT)—July * 4/07 6/30 80 12 3 15 803 9/85 18


4/08 4/28 87 13 2 15 238 11/21 19


26 Buy May Wheat(KCBT)Sell May Corn(CBOT)

4/09 4/20 80 12 3 15 763 64/12 127


4/09 5/10 80 12 3 15 763 24/32 127


4/09 6/11 93 14 1 15 797 12/64 128


4/09 7/06 87 13 2 15 1362 15/89 128

30 Buy May Wheat(MGE)Sell May Wheat(KCBT)

4/19 4/27 80 12 3 15 313 35/9 85



4/26 8/06 87 13 2 15 570 6/103 20


34 Sell Wheat(CBOT)—July 5/11 6/08 80 12 3 15 561 19/29 86


5/12 6/17 80 12 3 15 353 10/37 129

36 Buy Dec Corn(CBOT)Sell Jul Corn(CBOT)

5/19 6/14 93 14 1 15 238 9/27 21

37 Buy Sep Oats(CBOT)Sell Sep Corn(CBOT)

5/20 7/31 100 15 0 15 1118 15/73 129

38 Buy Dec Corn(CBOT)Sell Sep Corn(CBOT)

5/20 8/20 93 14 1 15 382 4/93 22


40 Buy Jul Wheat(MGE)Sell Jul Wheat(CBOT)

5/21 6/29 100 15 0 15 843 21/40 86


5/21 7/02 93 14 1 15 336 8/43 23

42 Sell Wheat(CBOT)—September 5/21 7/09 80 12 3 15 544 11/50 87

43 Sell Wheat(KCBT)—September 5/21 7/10 80 12 3 15 549 11/51 87






Chr

onol

ogic

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umm

ary


EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

44 Buy Jul Wheat(MGE)Sell Mar Wheat(MGE)

5/24 6/22 100 15 0 15 441 15/30 88

45 Buy Oats(CBOT)—July 5/27 6/03 87 13 2 15 258 32/8 43



48 Buy Jul Wheat(MGE)Sell Dec Wheat(MGE)

6/04 6/21 93 14 1 15 370 21/18 88


50 Buy Sep Wheat(MGE)Sell Sep Wheat(KCBT)

6/12 7/03 93 14 1 15 429 20/22 89

51 Buy May Corn(CBOT)Sell Sep Corn(CBOT)

6/13 8/27 93 14 1 15 453 6/76 24

52 Buy May Corn(CBOT)Sell Dec Corn(CBOT)

6/13 9/21 100 15 0 15 221 2/101 25


6/16 6/29 87 13 2 15 1028 73/14 130

54 Buy Sep Wheat(MGE)Sell Sep Corn(CBOT)

6/16 7/23 87 13 2 15 1648 43/38 130


6/16 8/12 87 13 2 15 1056 18/58 131


6/18 10/01 80 12 3 15 2664 25/106 131


58 Buy 2 Sep Oats(CBOT)Sell Sep Corn(CBOT)

6/19 7/25 100 15 0 15 1107 30/37 132

59 Buy Dec Wheat(MGE)Sell Dec Wheat(KCBT)

6/20 7/08 100 15 0 15 353 19/19 89


7/02 7/23 87 13 2 15 870 40/22 132


62 Buy Sep Wheat(KCBT)Sell Sep Corn(CBOT)

7/13 7/23 87 13 2 15 749 68/11 133


7/13 9/30 87 13 2 15 2221 28/80 133






Chr

onol

ogic

al S

umm

ary


EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo


7/15 9/30 87 13 2 15 1958 25/78 134


66 Buy Sep Wheat(KCBT)Sell Sep Wheat(MGE)

7/18 8/11 100 15 0 15 383 15/25 90

67 Buy Dec Wheat(CBOT)Sell Dec Wheat(MGE)

7/19 8/22 93 14 1 15 495 14/35 90

68 Buy Sep Corn(CBOT)Sell Sep Wheat(MGE)

7/23 7/30 87 13 2 15 436 54/8 134

69 Sell Oats(CBOT)—December 7/31 8/05 87 13 2 15 204 34/6 44





8/11 11/04 87 13 2 15 476 6/86 91

74 Buy Wheat(MGE)—May 8/12 9/25 80 12 3 15 984 22/45 92

75 Buy Wheat(KCBT)—May 8/13 10/23 80 12 3 15 1178 16/72 92


8/14 9/27 93 14 1 15 1468 33/45 135

77 Buy Dec Wheat(KCBT)Sell Jul Wheat(KCBT)

8/19 10/11 80 12 3 15 820 15/54 93


8/21 9/29 87 13 2 15 1395 35/40 135


8/23 10/04 87 13 2 15 1778 41/43 136



8/24 11/25 87 13 2 15 644 7/94 93


8/25 10/03 87 13 2 15 442 11/40 27



9/03 10/05 87 13 2 15 347 11/33 28







Chr

onol

ogic

al S

umm

ary


EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo


9/07 9/29 93 14 1 15 325 14/23 94

87 Buy Dec Wheat(MGE)Sell Dec Wheat(CBOT)

9/07 10/14 87 13 2 15 616 16/38 94


9/13 9/28 93 14 1 15 808 51/16 136


9/14 9/29 93 14 1 15 734 46/16 137

90 Buy Mar Wheat(CBOT)Sell Mar Corn(CBOT)

9/19 9/28 87 13 2 15 569 57/10 137


92 Buy Wheat(CBOT)—December 9/19 10/22 80 12 3 15 698 21/34 95

93 Buy Wheat(KCBT)—December 9/19 10/22 80 12 3 15 699 21/34 96

94 Buy Mar Wheat(KCBT)Sell Mar Corn(CBOT)

9/21 10/01 87 13 2 15 711 65/11 138


10/02 12/23 93 14 1 15 852 10/83 138

96 Buy Oats(CBOT)—March 10/04 10/15 80 12 3 15 221 18/12 46





10/19 11/10 93 14 1 15 811 35/23 139

101 Sell Wheat(MGE)—July 10/23 12/11 87 13 2 15 198 4/50 98


103 Buy May Corn(CBOT)Sell May Wheat(MGE)

10/24 1/27 87 13 2 15 1219 13/96 139


11/08 2/06 80 12 3 15 1059 12/91 140

105 Buy Jul Corn(CBOT)Sell Jul Wheat(MGE)

11/08 12/10 93 14 1 15 -142 -4/33 140


11/08 12/13 80 12 3 15 -9 -0/36 141


11/11 1/24 87 13 2 15 438 6/75 99






Chr

onol

ogic

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umm

ary


EntryDate

ExitDate

WinPct

WinYears

LossYears

TotalYears

AverageProfit

Ave PPD/Days

PgNo

108 Buy Sep Wheat(KCBT)Sell May Wheat(KCBT)

11/12 1/30 100 15 0 15 475 6/80 99




112 Buy Sep Wheat(CBOT)Sell Mar Wheat(CBOT)

11/14 2/27 93 14 1 15 1093 10/106 101


11/17 11/29 93 14 1 15 325 25/13 102

114 Buy Sep Wheat(MGE)Sell May Wheat(MGE)

11/21 2/27 100 15 0 15 645 7/99 102



11/24 2/07 100 15 0 15 733 10/76 103


11/24 2/15 93 14 1 15 531 6/84 104


11/30 2/27 80 12 3 15 747 8/90 141

119 Buy May Corn(CBOT)Sell 2 May Oats(CBOT)

12/05 2/16 100 15 0 15 1022 14/74 142

120 Buy Jul Wheat(CBOT)Sell May Wheat(CBOT)

12/08 2/28 100 15 0 15 456 5/83 104

121 Buy May Corn(CBOT)Sell May Oats(CBOT)

12/10 2/17 93 14 1 15 725 10/70 142


123 Buy Wheat(CBOT)—July 12/15 1/13 87 13 2 15 558 19/30 105


12/20 1/10 93 14 1 15 348 16/22 105

125 Buy Wheat(KCBT)—July 12/20 2/23 80 12 3 15 571 9/66 106


12/26 1/18 87 13 2 15 368 15/24 106

** Caution: Trade exit is during delivery period. Longs may be subject to delivery.






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Seasonals • Charts • Strategies GRAINS · following trading day while exit on the prior. In order to reflect historical fact and actual market movement, studies on these strategy