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Wheat(KCBT) Seasonal Spread Update as of - September 1, 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 KWH0 Short WH0	Closed	1/6	560.50 567.25	-6.75	1/15	512.00 510.00	2.00	438	438	-88	100	15	15	341
2	Long KWK0 Short WK0	Closed	1/6	571.75 579.75	-8.00	2/2	511.00 501.50	9.50	875	938	-75	100	15	15	367
3	Long KWK0 Short WK0	Closed	1/6	571.75 579.75	-8.00	2/22	519.50 515.25	4.25	612	975	-75	93	14	15	514
4	Long KWN0 Short KWK0	Closed	1/7	573.25 561.25	12.00	4/1	481.75 470.00	11.75	-12	12	-88	93	14	15	514
5	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	473
6	Long KWK0 Short WK0	Closed	1/8	571.25 580.75	-9.50	4/23	505.75 493.25	12.50	1100	1388		93	14	15	931
7	Long CK0 Short KWK0	Closed	2/8	367.50 507.50	-140.00	4/9	345.75 483.50	-137.75	112	1175	-238	87	13	15	1256
8	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	430
9	Long OK0 Short KWK0	Closed	2/10	240.75 517.00	-276.25	3/30	213.50 479.50	-266.00	512	788	-712	87	13	15	1015
10	Long SK0 Short 2 KWK0	Closed	2/10	947.00 517.00	-87.00	4/9	952.25 483.50	-14.75	3612	5375		87	13	15	2728
11	Long KWU0 Short KWK0	Closed	2/16	545.75 523.75	22.00	4/9	506.50 483.50	23.00	50	75	-12	100	15	15	512
12	Long KWZ0 Short KWK0	Closed	2/22	558.75 519.50	39.25	4/9	523.75 483.50	40.25	50	100	-25	93	14	15	522
13	Long SK0 Short KWK0	Closed	2/26	961.00 521.00	440.00	3/26	952.00 475.50	476.50	1825	2150	-462	93	14	15	1212
14	Long SK0 Short 2 KWK0	Closed	3/5	942.75 500.50	-58.25	4/1	942.00 470.00	2.00	3012	3938	-288	100	15	15	1955
15	Long MWZ0 Short KWZ0	Closed	3/8	553.75 542.00	11.75	3/25	537.50 517.00	20.50	438	438		87	13	15	321
16	Long SK0 Short KWK0	Closed	3/8	948.00 502.00	446.00	4/1	942.00 470.00	472.00	1300	2425	-762	93	14	15	1385
17	Long KWU0 Short KWK0	Closed	3/8	524.50 502.00	22.50	4/9	506.50 483.50	23.00	25	50	-38	100	15	15	382
18	Long SK0 Short KWK0	Closed	3/15	930.00 488.25	441.75	3/30	974.00 479.50	494.50	2638	2638		93	14	15	1096
19	Long OK0 Short KWK0	Closed	3/15	216.00 488.25	-272.25	3/23	216.50 485.00	-268.50	188	238	-250	87	13	15	899
20	Long KWK0 Short WK0	Closed	3/29	473.50 464.75	8.75	4/16	506.50 490.50	16.00	362	475	-62	93	14	15	549
21	Long KWN0 Short WN0	Closed	3/29	484.75 478.00	6.75	5/21	495.00 472.00	23.00	812	812	-62	87	13	15	642
22	Long KWN0 Short ON0	Closed	4/1	481.75 219.50	262.25	5/10	508.00 200.25	307.75	2275	2638		80	12	15	702
23	Long KWK0 Short WK0	Closed	4/6	481.50 463.50	18.00	4/20	501.75 486.00	15.75	-112		-125	93	14	15	355
24	Long KWK0 Short MWK0	Closed	4/9	483.50 501.25	-17.75	4/15	496.50 512.00	-15.50	112	138	-12	87	13	15	420
25	Long KWK0 Short CK0	Closed	4/9	483.50 345.75	137.75	4/20	501.75 355.50	146.25	425	425	-262	80	12	15	652
26	Long KWK0 Short KWZ0	Closed	4/12	484.25 524.25	-40.00	4/23	505.75 545.50	-39.75	12	12	-38	87	13	15	316
27	Long MWN0 Short KWN0	Closed	4/19	511.00 493.75	17.25	6/25	512.25 483.75	28.50	562	1375	-62	93	14	15	1238
28	Long CN0 Short KWN0	Closed	4/20	365.25 512.75	-147.50	4/29	369.00 507.50	-138.50	450	475	-400	87	13	15	515
29	Long SN0 Short 2 KWN0	Closed	4/20	994.00 512.75	-31.50	5/5	978.00 524.00	-70.00	-1925	1925	-1925	87	13	15	1228
30	Long MWN0 Short KWN0	Closed	5/21	514.50 495.00	19.50	5/27	513.75 492.75	21.00	75	75	-50	80	12	15	356
31	Long SN0 Short KWN0	Closed	5/27	951.75 492.75	459.00	6/7	935.00 462.00	473.00	700	1225	-250	93	14	15	868
32	Long KWU0 Short SU0	Closed	6/7	474.00 904.25	-430.25	8/20	705.50 1009.25	-303.75	6325	8775	-488	80	12	15	1822
33	Long MWN0 Short KWN0	Closed	6/7	486.75 462.00	24.75	6/25	512.25 483.75	28.50	188	1000		93	14	15	755
34	Long MWN0 Short KWN0	Closed	6/16	532.25 490.50	41.75	6/23	532.25 495.00	37.25	-225	38	-225	87	13	15	522
35	Long KWZ0 Short CZ0	Closed	6/18	526.00 380.50	145.50	7/23	632.00 384.50	247.50	5100	5100	-288	87	13	15	1084
36	Long KWZ0 Short SX0	Closed	6/18	526.00 930.50	-404.50	7/27	632.00 965.50	-333.50	3550	3550	-625	87	13	15	1489
37	Long OU0 Short KWU0	Closed	6/28	264.00 489.75	-225.75	7/9	265.00 553.25	-288.25	-3125		-3938	87	13	15	847
38	Long KWZ0 Short SX0	Closed	7/12	572.00 951.00	-379.00	7/28	647.75 978.00	-330.25	2438	2438		93	14	15	1478
39	Long KWU0 Short SU0	Closed	7/13	566.75 967.00	-400.25	7/30	674.50 1012.00	-337.50	3138	3138	-125	93	14	15	1632
40	Long KWU0 Short CU0	Closed	7/14	572.50 384.25	188.25	7/22	611.75 376.50	235.25	2350	2350		87	13	15	823
41	Long 2 KWU0 Short SU0	Closed	7/14	572.50 975.25	169.75	7/22	611.75 990.50	233.00	3162	3162		87	13	15	1516
42	Long KWH1 Short CH1	Open	7/14	606.75 408.00	198.75	9/28	738.25 459.75	278.50	3988	8562		80	12	15	1348
43	Long KWU0 Short MWU0	Closed	7/16	599.00 611.50	-12.50	7/30	674.50 687.75	-13.25	-38	225	-50	87	13	15	302
44	Long KWZ0 Short MWZ0	Closed	7/19	612.25 620.25	-8.00	8/20	720.25 714.25	6.00	700	975	-238	93	14	15	398
45	Long KWZ0 Short MWZ0	Open	7/19	612.25 620.25	-8.00	9/16	726.75 726.00	0.75	438	975	-238	80	12	15	521
46	Buy KWZ0 Sell SX0		9/7			10/4						87	13	15	1376
47	Buy KWZ0 Sell WZ0		9/13			10/12						87	13	15	369
48	Buy 2 KWZ0 Sell SX0		9/13			9/28						87	13	15	1261
49	Buy KWH1 Sell SH1		9/13			10/4						87	13	15	1390
50	Buy KWZ0 Sell CZ0		9/15			9/28						93	14	15	558
51	Buy KWZ0 Sell SX0		9/15			10/1						93	14	15	1117
52	Buy KWZ0 Sell OZ0		9/16			9/28						80	12	15	485
53	Buy KWH1 Sell SH1		9/20			9/28						93	14	15	748
54	Buy OZ0 Sell KWZ0		9/29			10/6						87	13	15	552
55	Buy OH1 Sell KWH1		9/29			11/12						80	12	15	1111
56	Buy CZ0 Sell KWZ0		9/30			10/8						87	13	15	445
57	Buy CH1 Sell KWH1		10/1			12/10						87	13	15	1060
58	Buy SK1 Sell 2 KWK1		10/4			12/6						100	15	15	2319
59	Buy SK1 Sell KWK1		10/4			11/30						87	13	15	1751
60	Buy SH1 Sell KWH1		10/4			12/23						87	13	15	2612
61	Buy SK1 Sell KWK1		10/4			1/7						80	12	15	2736
62	Buy KWN1 Sell KWK1		10/11			1/18						93	14	15	848
63	Buy SH1 Sell KWH1		10/13			11/19						93	14	15	1385
64	Buy SK1 Sell KWK1		10/14			11/22						93	14	15	1336
65	Buy SH1 Sell KWH1		10/15			12/13						93	14	15	1823
66	Buy KWN1 Sell MWN1		10/18			11/26						80	12	15	441
67	Buy SN1 Sell KWN1		10/18			12/14						93	14	15	1499
68	Buy CZ0 Sell KWZ0		10/19			11/2						80	12	15	520
69	Buy SK1 Sell 2 KWK1		10/19			12/27						100	15	15	2354
70	Buy SN1 Sell KWN1		10/21			11/19						93	14	15	1056
71	Buy SH1 Sell 2 KWH1		10/21			12/10						93	14	15	2506
72	Buy SH1 Sell KWH1		10/22			11/17						93	14	15	1527
73	Buy SH1 Sell KWH1		10/22			12/10						100	15	15	1712
74	Buy SK1 Sell KWK1		10/22			1/7						93	14	15	2344
75	Buy KWN1 Sell KWH1		10/25			1/31						87	13	15	1146
76	Buy KWU1 Sell KWH1		10/27			1/4						93	14	15	821
77	Buy KWN1 Sell KWK1		11/5			1/20						93	14	15	590
78	Buy CH1 Sell KWH1		11/8			11/19						87	13	15	328
79	Buy KWU1 Sell KWK1		11/22			1/10						100	15	15	478
80	Buy KWN1 Sell KWH1		11/23			1/18						93	14	15	728
81	Buy KWH1 Sell WH1		11/23			2/22						87	13	15	699
82	Buy CN1 Sell KWN1		12/7			12/13						87	13	15	393
83	Buy KWN1 Sell KWH1		12/9			1/4						93	14	15	335
84	Buy KWU1 Sell KWH1		12/10			1/10						93	14	15	522
85	Buy KWN1 Sell ON1		12/13			2/10						87	13	15	1475
86	Buy KWH1 Sell WH1		12/13			2/25						93	14	15	508
87	Buy KWN1 Sell KWK1		12/15			4/1						100	15	15	977
88	Buy KWN1 Sell KWH1		12/16			1/3						93	14	15	459
89	Buy KWN1 Sell KWH1		12/17			1/18						87	13	15	792
90	Sell MWN1 Buy KWN1		12/20			1/5						93	14	15	442
91	Buy KWH1 Sell WH1		12/20			2/22						87	13	15	660
92	Buy KWZ1 Sell KWK1		12/20			3/28						93	14	15	1046
93	Buy KWN1 Sell ON1		12/20			1/14						87	13	15	806
94	Buy KWH1 Sell WH1		1/6			1/18						100	15	15	341
95	Buy KWK1 Sell WK1		1/6			2/2						100	15	15	367
96	Buy KWK1 Sell WK1		1/6			2/22						93	14	15	514
97	Buy KWN1 Sell KWK1		1/7			4/1						93	14	15	514
98	Buy KWH1 Sell WH1		1/10			1/27						100	15	15	473
99	Buy KWK1 Sell WK1		1/10			4/22						93	14	15	931
100	Buy CK1 Sell KWK1		2/8			4/8						87	13	15	1256
101	Buy CK1 Sell KWK1		2/10			2/18						93	14	15	430
102	Buy OK1 Sell KWK1		2/10			3/30						87	13	15	1015
103	Buy SK1 Sell 2 KWK1		2/10			4/8						87	13	15	2728
104	Buy KWU1 Sell KWK1		2/16			4/8						100	15	15	512
105	Buy KWZ1 Sell KWK1		2/22			4/8						93	14	15	522
106	Buy SK1 Sell KWK1		2/28			3/25						93	14	15	1212
107	Buy SK1 Sell 2 KWK1		3/7			4/1						100	15	15	1955
108	Buy MWZ1 Sell KWZ1		3/7			3/25						87	13	15	321
109	Buy SK1 Sell KWK1		3/7			4/1						93	14	15	1385
110	Buy KWU1 Sell KWK1		3/7			4/8						100	15	15	382
111	Buy SK1 Sell KWK1		3/14			3/30						93	14	15	1096
112	Buy OK1 Sell KWK1		3/14			3/23						87	13	15	899
113	Buy KWK1 Sell WK1		3/28			4/18						93	14	15	549
114	Buy KWN1 Sell WN1		3/28			5/20						87	13	15	642
Equity Total									49687.50

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.