Consensus - THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

This report is brought to you by:

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
Exchange & Commodity Non Comm. Long or Short Only Non Comm. Long or Short (Spreading) Comm.** Long or Short Only Total
Reportable
Positions Non
Reportable
Positions***

Reporting
Level Pct.
of Mkt. Pct.
Long Pct.
of Mkt. Pct.
Long Pct.
of Mkt. Pct.
Long Pct.
of Mkt. Pct.
Long Pct.
of Mkt. Pct.
Long
T-Bonds (CBOT) 500 contracts 9.22 48.8 8.59 50 65.2 50.5 83 50.2 17 48.8
Last Reporting Period 10.6 45.2 5.51 50 65.7 52.2 81.8 51.1 18.2 44.9
T-Bonds (MACE) 500 contracts 42.9 46.3 0 50 1.73 100 44.7 48.4 55.3 51.3
Last Reporting Period 37.6 47.4 0 50 8.81 100 46.4 57.4 53.6 43.6
90-Day T-Bills (IMM) 150 contracts 11.7 15.5 11.3 50 45 39.8 68 37.3 32 77
Last Reporting Period 5.31 31.6 20 50 41.9 36.5 67.2 40.1 32.8 70.3
6.5-10Yr.
T-Notes (CBOT) 500 contracts 5.62 51.3 4.45 50 70.9 52.6 81 52.3 19 40.1
Last Reporting Period 7.65 25.5 2.25 50 72.4 56 82.3 53 17.7 36.2
5-Yr. T-Notes (CBOT) 300 contracts 10.5 41.3 0.01 50 77.8 52.6 88.4 51.2 11.6 40.7
Last Reporting Period 11.5 15.9 0.25 50 76.5 57.4 88.3 52 11.7 35.1
2-Yr. T-Notes (CBOT) 200 contracts 9.62 46.2 0.86 50 67.8 56.2 78.3 54.9 21.7 32.3
Last Reporting Period 9.86 38.1 0.99 50 65.5 57.6 76.3 55 23.7 33.9
Eurodollars (IMM) 850 contracts 3.84 31.4 4.76 50 64.2 55.2 72.7 53.6 27.3 40.4
Last Reporting Period 4.11 27.1 4.43 50 63.9 56.1 72.4 54 27.6 39.4
1-Mo.LiborRate
(IMM) 100 contracts 6.58 38.8 3.37 50 81.2 51.4 91.2 50.5 8.83 45.1
Last Reporting Period 8.2 59.8 3.36 50 80.1 49.5 91.6 50.5 8.37 45
Municipal Bonds
(CBOT) 25 contracts 6.6 60.4 1.32 50 84 49.5 91.9 50.3 8.12 46.4
Last Reporting Period 5.14 51.3 1.25 50 84.3 51.2 90.7 51.2 9.28 38
30-Day Fed
Funds (CBOT) 100 contracts 3.89 71.9 4.26 50 78.3 50.2 86.5 51.2 13.5 42.3
Last Reporting Period 1.53 56.5 3.74 50 81.3 51.7 86.6 51.7 13.4 39.2
Canadian Dollar
(IMM) 200 contracts 12.6 27.8 2.49 50 60.9 45.9 76 43 24 72.1
Last Reporting Period 14.8 17.7 2.31 50 62 54.3 79.1 47.3 20.9 60.1
Swiss Franc (IMM) 200 contracts 16 9.25 1.53 50 49.9 67.5 67.4 53.3 32.6 43.2
Last Reporting Period 18.6 3.11 1.42 50 48.8 73.6 68.8 54.1 31.2 41
Deutschemark (IMM) 200 contracts 12.5 24.4 1.24 50 59.4 62.3 73.2 55.6 26.8 34.6
Last Reporting Period 141 9.3 0.89 50 59.3 64.4 74.2 55.7 25.8 33.5
Pound Sterling
(IMM) 200 contracts 12.3 91.4 1.2 50 54.5 33.5 68 44.3 32 62.1
Last Reporting Period 14.89 1.6 1.2 50 56.4 31.9 72.4 44.4 27.6 64.6
Japanese Yen (IMM) 200 contracts 22.6 9.79 0.01 50 51.4 71.6 74 52.8 26 42.2
Last Reporting Period 22.7 5.18 0.08 50 53.3 75.9 76.1 54.8 23.9 34.8
Australian Dollar
(IMM) 200 contracts 3.79 46.9 0 50 74.3 52.7 78.1 52.4 21.9 41.4
Last Reporting Period 2 0 0 50 71.4 56.6 73.4 55.1 26.6 35.9
Mexican Peso (IMM) 200 contracts 4.61 73.5 2.53 50 67.5 49.1 74.6 50.7 25.4 48.1
Last Reporting Period 4.36 93 1.04 50 70 46.9 75.4 49.6 24.6 51.2
30-Day Fed Funds (IMM) 100 contracts 6.76 0 0 50 87.3 55.1 94.1 51.2 5.91 31.4
Last Reporting Period 6.76 0 0 50 87.3 55.1 94.1 51.2 5.91 31.4
S&P 400 (IMM) 25 contracts 7.21 57.4 0 50 87.3 48.8 94.5 49.5 5.51 59.4
Last Reporting Period 6.83 49 0 50 89.6 49.7 96.4 49.7 3.58 58.2
S&P 500 (IMM) 300 contracts 5.87 33.1 0.82 50 69.7 51 76.3 49.6 23.7 51.3
Last Reporting Period 9.88 0 0 50 83.8 52.7 93.6 47.1 6.37 92.7
Value Line Avg. (KCBT) 50 contracts -- -- -- 50 -- -- -- -- -- --
Last Reporting Period -- -- -- 50 -- -- -- -- -- --
Mini Value Line
Avg. (KCBT) 50 contracts 19 54.3 0 50 17.8 89.4 36.7 71.3 63.3 37.7
Last Reporting Period 12.4 47.3 0 50 25.4 100 37.7 82.7 62.3 30.2
GSCI (IMM) 25 contracts 2.17 93.5 0.45 50 93.7 49.4 96.3 50.4 3.71 39.9
Last Reporting Period 2.41 93.8 0 50 93.9 49.4 96.3 50.5 3.72 35.8
Nikkei Stock Avg. (IMM) 50 contracts 10.3 64.2 0 50 70.1 41.3 80.4 44.3 19.6 73.5
Last Reporting Period 10.7 66 0 50 69.3 41.8 80 45.1 20 69.8
Russel 2000 Index (CME) 25 contracts 17.2 27 0 50 75.9 52.7 93.2 47.9 6.85 78
Last Reporting Period 16.7 21.6 0 50 77.1 54.6 93.8 48.7 6.22 69.2
Yen/DM XRate (NYCE) 25 contracts 26.5 61.3 0 50 66.7 45.8 93.2 50.2 6.84 46.7
Last Reporting Period 26.6 6 0.60 50 68.6 46 95.3 50.1 4.75 48.9
French Franc/DM XRate (NYCE) 25 contracts 24.3 44.4 0 50 71.2 51.3 95.5 49.5 4.52 59.9
Last Reporting Period 40.7 14 0 50 50.2 78.8 90.9 49.8 9.12 52.2
Lira/DM XRate (NYCE) 25 contracts 42.1 29.5 0 50 52.6 69.1 94.6 51.5 5.37 23.8
Last Reporting Period 35.9 30 0 50 54.2 66.4 90.1 51.9 9.89 32.8
DM/B Pound XRate
(NYCE) 25 contracts 34.1 71.6 0 50 55.3 33.8 89.4 48.2 10.6 65.2
Last Reporting Period 31.8 71.5 0 50 58.4 33.7 90.2 47 9.8 77.6
Eurotop 100 (CMX) 25 contracts 3.87 100 0 50 90.6 46.5 94.5 48.7 5.54 72.8
Last Reporting Period 3.9 100 0 50 89.7 46.1 93.6 48.4 6.37 73.7
US$ Index (New) (NYCE) 50 contracts 49.7 50.5 20.5 50 7.43 0 77.7 45.5 22.3 65.5
Last Reporting Period 33.64 6.14 0.9 50 6.29 20.2 80.7 46.1 19.3 66.6
NYSE Compos. (NYFE) 50 contracts 31.9 43.6 3.17 50 14.8 60.1 49.9 48.9 50.1 51.1
Last Reporting Period 22.1 42.3 2.96 50 16.3 100 41.3 65.6 58.7 39
CRB Futures Index (NYFE) 25 contracts 11.9 23 52.7 50 0 - 64.6 45 35.4 59.1
Last Reporting Period 9.97 23.66 8.6 50 0 -- 78.6 46.6 21.4 62.3

	Reportable Positions
Exchange & Commodity	Non Comm. Long or Short Only	Non Comm. Long or Short (Spreading)	Comm.** Long or Short Only	Total Reportable Positions	Non Reportable Positions***
	Reporting Level	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long
T-Bonds (CBOT)	500 contracts	9.22	48.8	8.59	50	65.2	50.5	83	50.2	17	48.8
Last Reporting Period		10.6	45.2	5.51	50	65.7	52.2	81.8	51.1	18.2	44.9
T-Bonds (MACE)	500 contracts	42.9	46.3	0	50	1.73	100	44.7	48.4	55.3	51.3
Last Reporting Period		37.6	47.4	0	50	8.81	100	46.4	57.4	53.6	43.6
90-Day T-Bills (IMM)	150 contracts	11.7	15.5	11.3	50	45	39.8	68	37.3	32	77
Last Reporting Period		5.31	31.6	20	50	41.9	36.5	67.2	40.1	32.8	70.3
6.5-10Yr. T-Notes (CBOT)	500 contracts	5.62	51.3	4.45	50	70.9	52.6	81	52.3	19	40.1
Last Reporting Period		7.65	25.5	2.25	50	72.4	56	82.3	53	17.7	36.2
5-Yr. T-Notes (CBOT)	300 contracts	10.5	41.3	0.01	50	77.8	52.6	88.4	51.2	11.6	40.7
Last Reporting Period		11.5	15.9	0.25	50	76.5	57.4	88.3	52	11.7	35.1
2-Yr. T-Notes (CBOT)	200 contracts	9.62	46.2	0.86	50	67.8	56.2	78.3	54.9	21.7	32.3
Last Reporting Period		9.86	38.1	0.99	50	65.5	57.6	76.3	55	23.7	33.9
Eurodollars (IMM)	850 contracts	3.84	31.4	4.76	50	64.2	55.2	72.7	53.6	27.3	40.4
Last Reporting Period		4.11	27.1	4.43	50	63.9	56.1	72.4	54	27.6	39.4
1-Mo.LiborRate (IMM)	100 contracts	6.58	38.8	3.37	50	81.2	51.4	91.2	50.5	8.83	45.1
Last Reporting Period		8.2	59.8	3.36	50	80.1	49.5	91.6	50.5	8.37	45
Municipal Bonds (CBOT)	25 contracts	6.6	60.4	1.32	50	84	49.5	91.9	50.3	8.12	46.4
Last Reporting Period		5.14	51.3	1.25	50	84.3	51.2	90.7	51.2	9.28	38
30-Day Fed Funds (CBOT)	100 contracts	3.89	71.9	4.26	50	78.3	50.2	86.5	51.2	13.5	42.3
Last Reporting Period		1.53	56.5	3.74	50	81.3	51.7	86.6	51.7	13.4	39.2
Canadian Dollar (IMM)	200 contracts	12.6	27.8	2.49	50	60.9	45.9	76	43	24	72.1
Last Reporting Period		14.8	17.7	2.31	50	62	54.3	79.1	47.3	20.9	60.1
Swiss Franc (IMM)	200 contracts	16	9.25	1.53	50	49.9	67.5	67.4	53.3	32.6	43.2
Last Reporting Period		18.6	3.11	1.42	50	48.8	73.6	68.8	54.1	31.2	41
Deutschemark (IMM)	200 contracts	12.5	24.4	1.24	50	59.4	62.3	73.2	55.6	26.8	34.6
Last Reporting Period		141	9.3	0.89	50	59.3	64.4	74.2	55.7	25.8	33.5
Pound Sterling (IMM)	200 contracts	12.3	91.4	1.2	50	54.5	33.5	68	44.3	32	62.1
Last Reporting Period		14.89	1.6	1.2	50	56.4	31.9	72.4	44.4	27.6	64.6
Japanese Yen (IMM)	200 contracts	22.6	9.79	0.01	50	51.4	71.6	74	52.8	26	42.2
Last Reporting Period		22.7	5.18	0.08	50	53.3	75.9	76.1	54.8	23.9	34.8
Australian Dollar (IMM)	200 contracts	3.79	46.9	0	50	74.3	52.7	78.1	52.4	21.9	41.4
Last Reporting Period		2	0	0	50	71.4	56.6	73.4	55.1	26.6	35.9
Mexican Peso (IMM)	200 contracts	4.61	73.5	2.53	50	67.5	49.1	74.6	50.7	25.4	48.1
Last Reporting Period		4.36	93	1.04	50	70	46.9	75.4	49.6	24.6	51.2
30-Day Fed Funds (IMM)	100 contracts	6.76	0	0	50	87.3	55.1	94.1	51.2	5.91	31.4
Last Reporting Period		6.76	0	0	50	87.3	55.1	94.1	51.2	5.91	31.4
S&P 400 (IMM)	25 contracts	7.21	57.4	0	50	87.3	48.8	94.5	49.5	5.51	59.4
Last Reporting Period		6.83	49	0	50	89.6	49.7	96.4	49.7	3.58	58.2
S&P 500 (IMM)	300 contracts	5.87	33.1	0.82	50	69.7	51	76.3	49.6	23.7	51.3
Last Reporting Period		9.88	0	0	50	83.8	52.7	93.6	47.1	6.37	92.7
Value Line Avg. (KCBT)	50 contracts	--	--	--	50	--	--	--	--	--	--
Last Reporting Period		--	--	--	50	--	--	--	--	--	--
Mini Value Line Avg. (KCBT)	50 contracts	19	54.3	0	50	17.8	89.4	36.7	71.3	63.3	37.7
Last Reporting Period		12.4	47.3	0	50	25.4	100	37.7	82.7	62.3	30.2
GSCI (IMM)	25 contracts	2.17	93.5	0.45	50	93.7	49.4	96.3	50.4	3.71	39.9
Last Reporting Period		2.41	93.8	0	50	93.9	49.4	96.3	50.5	3.72	35.8
Nikkei Stock Avg. (IMM)	50 contracts	10.3	64.2	0	50	70.1	41.3	80.4	44.3	19.6	73.5
Last Reporting Period		10.7	66	0	50	69.3	41.8	80	45.1	20	69.8
Russel 2000 Index (CME)	25 contracts	17.2	27	0	50	75.9	52.7	93.2	47.9	6.85	78
Last Reporting Period		16.7	21.6	0	50	77.1	54.6	93.8	48.7	6.22	69.2
Yen/DM XRate (NYCE)	25 contracts	26.5	61.3	0	50	66.7	45.8	93.2	50.2	6.84	46.7
Last Reporting Period		26.6	6	0.60	50	68.6	46	95.3	50.1	4.75	48.9
French Franc/DM XRate (NYCE)	25 contracts	24.3	44.4	0	50	71.2	51.3	95.5	49.5	4.52	59.9
Last Reporting Period		40.7	14	0	50	50.2	78.8	90.9	49.8	9.12	52.2
Lira/DM XRate (NYCE)	25 contracts	42.1	29.5	0	50	52.6	69.1	94.6	51.5	5.37	23.8
Last Reporting Period		35.9	30	0	50	54.2	66.4	90.1	51.9	9.89	32.8
DM/B Pound XRate (NYCE)	25 contracts	34.1	71.6	0	50	55.3	33.8	89.4	48.2	10.6	65.2
Last Reporting Period		31.8	71.5	0	50	58.4	33.7	90.2	47	9.8	77.6
Eurotop 100 (CMX)	25 contracts	3.87	100	0	50	90.6	46.5	94.5	48.7	5.54	72.8
Last Reporting Period		3.9	100	0	50	89.7	46.1	93.6	48.4	6.37	73.7
US$ Index (New) (NYCE)	50 contracts	49.7	50.5	20.5	50	7.43	0	77.7	45.5	22.3	65.5
Last Reporting Period		33.64	6.14	0.9	50	6.29	20.2	80.7	46.1	19.3	66.6
NYSE Compos. (NYFE)	50 contracts	31.9	43.6	3.17	50	14.8	60.1	49.9	48.9	50.1	51.1
Last Reporting Period		22.1	42.3	2.96	50	16.3	100	41.3	65.6	58.7	39
CRB Futures Index (NYFE)	25 contracts	11.9	23	52.7	50	0	-	64.6	45	35.4	59.1
Last Reporting Period		9.97	23.66	8.6	50	0	--	78.6	46.6	21.4	62.3

*Reporting positions as of May 6, 1997.
**Futures contracts used for hedging.
***Positions that are below the reporting levels.
*Released from Commodity Futures Trading Commission on May 9, 1997.

Consensus National Futures and Financial On Line Index
Livestock Index

Added to the WWW 05-11-97
Last updated on 05-11-97

Hosted by:
One Crossroads Place
610 West Maple Ave, Suite WWW
Independence, MO 64050
(816) 252-4080
sysop@kcmo.com

wmeubank@ocp.kcmo.com

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

Consensus National Futures and Financial On Line IndexLivestock Index

Consensus National Futures and Financial On Line Index
Livestock Index