Lanworth provided leading intelligence to manage major directional changes in CZ09 futures prices during the agricultural season

1. Managing Risk with Lanworth in 2009

2. 2009 Daily Closing Price of Contract CZ09 Based on econometric models that seemingly favor soybean plantings the market discounts high corn acreage estimates and prices rise during March Due to bad planting weather and econometric models that imply more soybean area, the market continues to discount higher corn acreage estimates from USDA and Lanworth and prices rise throughout May and June Dec 15, 2009 USDA Agricultural Outlook Forum suggests that US farmers will likely plant 86 million acres to corn in 2009 Lanworth’s crop rotation analyses indicate that 86 million acres of corn are likely to be planted Lanworth’s field observations and satellite maps indicate that US farmers planted 86.5 million acres of corn In its June Acreage report USDA confirms that US farmers planted more than 86 million acres in the spring of 2009. The market, shocked by this high figure, sells off sharply The high number of planted corn acres, coupled with forecasts for record yields, slowly drives corn prices even lower during the summer Corn prices rise with volatility due to delayed harvest, frost kill, recognitions of poor quality corn, and strength of outside markets at the end of the year Against market expectations for an abundant corn crop, Lanworth consistently reported throughout the summer that the crop would be late maturing, would not entirely reach maturity before freeze kill, and that ear weights would be light

3. 2009 Daily Closing Price of Contract CZ09 Lanworth provided leading intelligence to manage major directional changes in CZ09 futures prices during the agricultural season Dec 15, 2009

4. What will happen this season....