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Wheat(KCBT) Seasonal Spread Update as of - March 12, 2010
	Sprd	Status	Entry Date	Entry Prices	Entry Spread	Exit Date	Last Prices	Last Spread	Last Equity	Best Equity	Worst Equity	Win Pct	Win Yrs	Tot Yrs	Hist Avg
1	Long KWN9 Short KWH9	Closed	1/2	656.50 633.50	23.00	1/16	629.75 609.00	20.75	-112		-125	80	12	15	359
2	Long KWU9 Short KWK9	Closed	1/2	666.75 645.00	21.75	4/7	611.00 590.00	21.00	-38	25	-275	93	14	15	767
3	Long KWN9 Short KWH9	Closed	1/5	664.75 642.25	22.50	2/26	569.50 554.25	15.25	-362	12	-362	87	13	15	432
4	Long CH9 Short KWH9	Closed	1/5	411.25 642.25	-231.00	1/16	391.00 609.00	-218.00	650	838	-575	80	12	15	345
5	Long KWH9 Short WH9	Closed	1/8	633.25 612.50	20.75	1/27	615.00 584.75	30.25	475	525		100	15	15	452
6	Long KWK9 Short WK9	Closed	1/30	612.25 580.75	31.50	4/22	569.50 516.75	52.75	1062	1162	-275	87	13	15	688
7	Long KWH9 Short WH9	Closed	2/2	593.00 563.75	29.25	2/20	556.25 519.25	37.00	388	488	-75	87	13	15	387
8	Long CK9 Short KWK9	Closed	2/9	388.00 606.00	-218.00	4/9	390.25 570.50	-180.25	1888	2750		80	12	15	1104
9	Long SK9 Short 2 KWK9	Closed	2/9	1007.50 606.00	-204.50	4/1	952.00 566.00	-180.00	1225	2275	-4650	87	13	15	2762
10	Long CK9 Short KWK9	Closed	2/10	387.00 599.75	-212.75	2/18	358.00 554.50	-196.50	812	812		93	14	15	418
11	Long SK9 Short 2 KWK9	Closed	2/10	1000.25 599.75	-199.25	3/23	955.50 604.00	-252.50	-2662	262	-4912	93	14	15	2318
12	Long KWK9 Short WK9	Closed	2/11	588.00 556.00	32.00	4/21	563.25 509.50	53.75	1088	1138	-50	87	13	15	530
13	Long KWZ9 Short KWK9	Closed	2/19	603.75 567.00	36.75	4/9	606.50 570.50	36.00	-38	62	-325	100	15	15	542
14	Long KWZ9 Short KWK9	Closed	2/23	590.50 556.75	33.75	3/24	624.00 588.00	36.00	112	138	-175	93	14	15	404
15	Long CK9 Short KWK9	Closed	2/23	360.75 556.75	-196.00	4/9	390.25 570.50	-180.25	788	1650	-938	80	12	15	916
16	Long SK9 Short KWK9	Closed	2/26	868.50 562.00	306.50	3/27	917.00 550.00	367.00	3025	4475	-812	93	14	15	1067
17	Long SN9 Short 2 KWN9	Closed	2/26	873.25 569.50	-265.75	4/1	951.50 577.00	-202.50	3162	3988	-2788	87	13	15	2002
18	Long CN9 Short KWN9	Closed	2/27	368.50 567.75	-199.25	3/20	407.00 614.00	-207.00	-388	912	-800	87	13	15	733
19	Long SK9 Short 2 KWK9	Closed	2/27	872.00 560.00	-248.00	3/23	955.50 604.00	-252.50	-225	550	-2475	100	15	15	2190
20	Long SN9 Short KWN9	Closed	2/27	875.00 567.75	307.25	3/27	915.25 560.50	354.75	2375	3638	-1338	87	13	15	817
21	Long WN9 Short KWN9	Closed	3/3	513.75 552.25	-38.50	3/20	562.50 614.00	-51.50	-650	12	-650	87	13	15	304
22	Long SK9 Short 2 KWK9	Closed	3/5	852.00 560.00	-268.00	4/1	952.00 566.00	-180.00	4400	5450	-1475	100	15	15	1800
23	Long OK9 Short KWK9	Closed	3/9	184.25 574.75	-390.50	3/24	197.50 588.00	-390.50	0	562	-1088	93	14	15	727
24	Long SN9 Short 2 KWN9	Closed	3/9	863.00 582.50	-302.00	4/2	977.00 601.75	-226.50	3775	5800	-975	87	13	15	1698
25	Long MWK9 Short KWK9	Closed	3/11	605.50 561.00	44.50	3/23	639.25 604.00	35.25	-462		-588	87	13	15	318
26	Long OK9 Short KWK9	Closed	3/11	181.75 561.00	-379.25	4/3	199.00 607.50	-408.50	-1462	1238	-1650	80	12	15	1208
27	Long KWN9 Short KWK9	Closed	3/16	607.25 597.25	10.00	4/9	580.00 570.50	9.50	-25	50	-25	100	15	15	316
28	Long KWN9 Short WN9	Closed	3/30	565.50 525.25	40.25	4/22	578.50 528.00	50.50	512	575	-75	87	13	15	381
29	Long KWN9 Short WN9	Closed	3/30	565.50 525.25	40.25	5/22	660.50 612.50	48.00	388	688	-75	87	13	15	619
30	Long KWK9 Short WK9	Closed	3/30	554.50 512.50	42.00	4/20	559.00 504.50	54.50	625	625	-75	93	14	15	512
31	Long KWK9 Short WK9	Closed	4/6	603.00 557.00	46.00	4/20	559.00 504.50	54.50	425	425	-188	93	14	15	356
32	Long KWK9 Short CK9	Closed	4/9	570.50 390.25	180.25	4/20	559.00 369.50	189.50	462	625	-500	80	12	15	622
33	Long KWK9 Short MWK9	Closed	4/13	570.00 638.25	-68.25	4/14	564.50 629.75	-65.25	150	150		87	13	15	402
34	Long KWK9 Short KWZ9	Closed	4/13	570.00 605.75	-35.75	4/24	586.25 618.00	-31.75	200	200	-25	80	12	15	302
35	Long KWN9 Short WN9	Closed	4/13	579.50 534.75	44.75	6/29	581.50 528.50	53.00	412	738	-212	87	13	15	682
36	Long MWN9 Short KWN9	Closed	4/20	613.75 568.00	45.75	6/29	651.75 581.50	70.25	1225	2950		87	13	15	1156
37	Long CN9 Short KWN9	Closed	4/20	378.75 568.00	-189.25	4/29	401.25 581.00	-179.75	475	475	-925	80	12	15	455
38	Long KWU9 Short CU9	Closed	6/4	700.75 458.25	242.50	8/7	525.25 322.00	203.25	-1962	588	-2050	80	12	15	1698
39	Long KWU9 Short SU9	Closed	6/8	663.50 1096.00	-432.50	8/20	498.75 999.25	-500.50	-3400	3800	-7400	87	13	15	2338
40	Long MWN9 Short KWN9	Closed	6/8	718.25 652.75	65.50	6/26	667.25 589.50	77.75	612	1600		93	14	15	718
41	Long KWZ9 Short CZ9	Closed	6/16	650.00 425.25	224.75	9/4	490.00 306.25	183.75	-2050	1788	-2062	87	13	15	1761
42	Long KWZ9 Short CZ9	Closed	6/16	650.00 425.25	224.75	10/1	469.50 340.50	129.00	-4788	1788	-4862	80	12	15	2745
43	Long MWU9 Short KWU9	Closed	6/17	706.75 633.50	73.25	7/17	616.25 566.50	49.75	-1175	288	-1175	87	13	15	568
44	Long KWZ9 Short CZ9	Closed	6/18	645.00 423.75	221.25	7/24	565.75 327.25	238.50	862	1962	-488	87	13	15	1188
45	Long KWZ9 Short SX9	Closed	6/18	645.00 1043.50	-398.50	8/7	542.00 1038.50	-496.50	-4900	4225	-4900	87	13	15	2318
46	Long KWU9 Short SX9	Closed	6/19	625.25 1006.00	-380.75	7/29	546.50 916.00	-369.50	562	2512	-3062	87	13	15	1619
47	Long OU9 Short KWU9	Closed	6/29	223.00 592.00	-369.00	7/10	212.00 547.50	-335.50	1675	1900		80	12	15	726
48	Long KWZ9 Short SX9	Closed	7/13	587.50 911.50	-324.00	7/28	566.75 927.00	-360.25	-1812	500	-1812	100	15	15	1676
49	Long KWU9 Short SU9	Closed	7/13	571.00 955.50	-384.50	8/6	534.00 1079.50	-545.50	-8050	1400	-8050	93	14	15	2582
50	Long KWU9 Short CU9	Closed	7/13	571.00 331.75	239.25	7/22	554.75 308.00	246.75	375	750	-988	87	13	15	852
51	Long KWZ9 Short CZ9	Closed	7/13	587.50 339.50	248.00	9/30	476.50 344.00	132.50	-5775	625	-6025	87	13	15	2268
52	Long KWZ9 Short MWZ9	Closed	7/20	587.50 622.50	-35.00	8/11	533.25 579.25	-46.00	-550	188	-650	100	15	15	368
53	Long KWZ9 Short WZ9	Closed	8/31	520.75 498.75	22.00	11/10	525.50 523.00	2.50	-975	50	-1038	87	13	15	445
54	Long KWZ9 Short SX9	Closed	9/4	490.00 922.00	-432.00	10/2	459.50 885.00	-425.50	325	338	-2338	87	13	15	1595
55	Long KWZ9 Short WZ9	Closed	9/11	477.75 467.25	10.50	10/12	511.00 494.25	16.75	312	525	-50	87	13	15	352
56	Long KWZ9 Short WZ9	Closed	9/11	477.75 467.25	10.50	11/5	517.50 512.25	5.25	-262	525	-462	80	12	15	459
57	Long KWZ9 Short CZ9	Closed	9/14	467.50 317.75	149.75	9/28	475.00 338.75	136.25	-675	212	-725	93	14	15	671
58	Long KWZ9 Short SX9	Closed	9/14	467.50 909.00	-441.50	10/1	469.50 918.00	-448.50	-350	288	-1862	93	14	15	1285
59	Long MWZ9 Short KWZ9	Closed	9/16	499.75 480.00	19.75	10/21	553.25 546.00	7.25	-625	325	-625	87	13	15	352
60	Long MWZ9 Short KWZ9	Closed	9/18	496.75 472.00	24.75	11/13	555.75 540.50	15.25	-475		-875	80	12	15	505
61	Long OZ9 Short KWZ9	Closed	9/30	233.00 476.50	-243.50	11/19	259.50 561.00	-301.50	-2900	225	-3450	80	12	15	1253
62	Long CZ9 Short KWZ9	Closed	10/1	340.50 469.50	-129.00	11/2	382.25 520.00	-137.75	-438	588	-1200	80	12	15	1069
63	Long SX9 Short KWZ9	Closed	10/5	885.00 461.75	423.25	10/23	1006.00 549.50	456.50	1662	3238		80	12	15	1079
64	Long CZ9 Short KWZ9	Closed	10/19	386.25 528.75	-142.50	11/2	382.25 520.00	-137.75	238	700	-525	80	12	15	518
65	Long KWN0 Short KWK0	Closed	12/28	569.75 557.75	12.00	1/29	510.25 499.00	11.25	-38	38	-38	87	13	15	539
66	Long KWN0 Short KWH0	Closed	1/4	574.50 550.75	23.75	1/15	536.00 512.00	24.00	12	12	-50	80	12	15	359
67	Long KWU0 Short KWK0	Open	1/4	586.25 562.25	24.00	4/7	516.75 494.75	22.00	-100		-100	93	14	15	767
68	Long KWN0 Short KWH0	Closed	1/4	574.50 550.75	23.75	2/26	531.75 511.00	20.75	-150	12	-150	87	13	15	432
69	Long CH0 Short KWH0	Closed	1/4	418.50 550.75	-132.25	1/15	371.50 512.00	-140.50	-412	212	-1012	80	12	15	345
70	Long KWH0 Short WH0	Closed	1/8	560.00 568.50	-8.50	1/27	490.50 483.75	6.75	762	775		100	15	15	452
71	Long KWK0 Short WK0	Open	2/1	499.50 489.50	10.00	4/22	494.75 485.25	9.50	-25	75	-412	87	13	15	688
72	Long KWH0 Short WH0	Closed	2/1	487.50 474.75	12.75	2/22	508.50 501.25	7.25	-275	75	-275	87	13	15	387
73	Long CK0 Short KWK0	Open	2/8	367.50 507.50	-140.00	4/9	364.25 494.75	-130.50	475	788	-238	80	12	15	1104
74	Long SK0 Short 2 KWK0	Open	2/9	935.25 501.75	-68.25	4/1	925.50 494.75	-64.00	212	2212	-938	87	13	15	2762
75	Long CK0 Short KWK0	Closed	2/10	373.25 517.00	-143.75	2/18	369.00 504.50	-135.50	412	562	-50	93	14	15	418
76	Long SK0 Short 2 KWK0	Open	2/10	947.00 517.00	-87.00	3/23	925.50 494.75	-64.00	1150	3150		93	14	15	2318
77	Long KWK0 Short WK0	Open	2/11	512.75 508.50	4.25	4/21	494.75 485.25	9.50	262	325	-125	87	13	15	530
78	Long KWZ0 Short KWK0	Open	2/19	548.50 509.25	39.25	4/9	534.50 494.75	39.75	25	62	-25	100	15	15	542
79	Long KWZ0 Short KWK0	Open	2/22	558.75 519.50	39.25	3/24	534.50 494.75	39.75	25	62	-25	93	14	15	404
80	Long CK0 Short KWK0	Open	2/22	382.75 519.50	-136.75	4/9	364.25 494.75	-130.50	312	625		80	12	15	916
81	Long SK0 Short KWK0	Open	2/26	961.00 521.00	440.00	3/26	925.50 494.75	430.75	-462	1350	-462	93	14	15	1067
82	Long SN0 Short 2 KWN0	Open	2/26	969.00 531.75	-94.50	4/1	933.50 505.50	-77.50	850	2825		87	13	15	2002
83	Long CN0 Short KWN0	Open	3/1	392.50 521.00	-128.50	3/19	375.50 505.50	-130.00	-75	225	-138	87	13	15	733
84	Long SK0 Short 2 KWK0	Open	3/1	962.50 510.25	-58.00	3/23	925.50 494.75	-64.00	-300	1700	-775	100	15	15	2190
85	Long SN0 Short KWN0	Open	3/1	970.50 521.00	449.50	3/26	933.50 505.50	428.00	-1075	712	-1075	87	13	15	817
86	Long WN0 Short KWN0	Open	3/3	528.25 529.00	-0.75	3/19	498.00 505.50	-7.50	-338		-400	87	13	15	304
87	Long SK0 Short 2 KWK0	Open	3/5	942.75 500.50	-58.25	4/1	925.50 494.75	-64.00	-288	1712	-288	100	15	15	1800
88	Long OK0 Short KWK0	Open	3/8	227.50 502.00	-274.50	3/24	218.50 494.75	-276.25	-88	100	-88	93	14	15	727
89	Long SN0 Short 2 KWN0	Open	3/8	956.00 513.00	-70.00	4/1	933.50 505.50	-77.50	-375	1600	-375	87	13	15	1698
90	Long MWK0 Short KWK0	Open	3/11	504.50 489.50	15.00	3/23	513.50 494.75	18.75	188	188		87	13	15	318
91	Long OK0 Short KWK0	Open	3/11	216.50 489.50	-273.00	4/1	218.50 494.75	-276.25	-162		-162	80	12	15	1208
92	Buy KWN0 Sell KWK0		3/15			4/9						100	15	15	316
93	Buy KWN0 Sell WN0		3/29			4/22						87	13	15	381
94	Buy KWN0 Sell WN0		3/29			5/21						87	13	15	619
95	Buy KWK0 Sell WK0		3/29			4/20						93	14	15	512
Equity Total									-10337.50

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 UNDERLYING FUNDAMENTAL 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. EVEN IF 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. NO REPRESENTATION 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 WILL RECUR 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 OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY 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, 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 ACTUAL TRADING 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 ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.