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             Soybean Meal Trader  
            Performance Summary  
          (Commission & Slippage Deducted)  
       
Full Size Contract: (Using $40 commission & slippage)  
Month/Year Meal 1      
2007 (190)      
2008 29,110      
2009 28,710      
2010 (1,270)      
  $56,360      
'By Month':        
Jan-09 3,570      
Feb-09 (1,210)      
Mar-09 1,260      
Apr-09 4,620      
May-09 3,390      
Jun-09 2,840      
Jul-09 (3,940)      
Aug-09 10,440      
Sep-09 2,660      
Oct-09 3,610      
Nov-09 2,840      
Dec-09 (1,370)      
Jan-10 530      
Feb-10 0      
Mar-10 20      
Apr-10 820      
May-10 0      
Jun-10 (280)      
Jul-10 220      
Aug-10 0      
Sep-10 0      
Oct-10 40      
Nov-10 (1,830)      
Dec-10 (790)      
  27,440      
2009-2010 Subscription        
Fees- not deducted 8.7%      
Typical CTA Fees 20% - 25%      
       
Trade Station report results above reflect $40 commission & slippage allowance.  Performance is 'mark-to-market', as are the associated Trade Station reports.  Subscription fees are not  deducted.  See also Trade Station reports.
       
Subscription fees are based on $100 per month, the rate for the diversified portfolios.