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THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

THE CONSENSUS REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION
Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*
Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions
    Reportable Positions   Nonreportable
Exchange   Non-Commercial Commercial** Total Positions***
and   Long or Short Long and Short Long or Short Reportable  
Commodity   Only (Spreading) Only Positions    
  Reporting Pct. Pct. Pct. Pct. Pct. Pct. Pct. Pct. Pct. Pct.
  Level of Mkt. Long of Mkt. Long of Mkt. Long of Mkt. Long of Mkt. Long
Lumber (CME) 25 Ctrs. 22.28 35.95 5.12 50 17.81 68.62 45.20 50.41 54.80 49.66
     Last Reporting Period   16.85 28.10 4.31 50 23.14 64.26 44.31 49.12 55.69 50.70
Frozen Conc. O.J. (NYCE) 25 Ctrs. 19.62 57.08 7.74 50 58.18 40.86 85.54 45.41 14.46 77.17
     Last Reporting Period   19.87 57.20 6.56 50 56.94 40.58 83.37 45.28 16.63 73.65
Cocoa (CSCE) 100 Ctrs. 20.33 35.42 2.40 50 62.56 46.32 85.29 43.83 14.71 85.80
     Last Reporting Period   20.17 35.63 2.53 50 64.32 47.23 87.03 44.62 12.97 86.10
Coffee "C" (CSCE) 50 Ctrs. 18.64 41.30 7.85 50 60.53 49.99 87.03 48.13 12.97 62.56
     Last Reporting Period   17.44 46.85 6.71 50 64.66 48.36 88.81 48.19 11.19 64.37
Sugar No. 11 (CSCE) 300 Ctrs. 16.97 91.12 3.70 50 64.26 33.63 84.93 45.83 15.07 73.50
     Last Reporting Period   18.28 92.35 3.27 50 62.85 32.47 84.40 46.12 15.60 71.01
Sugar No. 14 (CSCE) 100 Ctrs. 0.00 0.00 0.00 50 91.98 49.28 91.98 49.28 8.02 58.27
     Last Reporting Period   0.00 0.00 0.00 50 91.10 48.65 91.10 48.65 8.90 63.86
Cotton No. 2 (NYCE) 50 Ctrs. 14.88 66.07 7.35 51 60.72 41.23 82.94 46.46 17.06 67.19
     Last Reporting Period   17.11 30.91 5.57 51 59.49 53.21 82.17 48.35 17.83 57.60
* Reporting positions as of May 16, 2000. ** Futures contracts used for hedging. *** Positions that are below the reporting levels.
* Released from Commodity Futures Trading Commission on May 19, 2000.
Consensus National Futures and Financial On Line Index

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