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MARKET DATA, INC.
Analysis of Weekly Review Rating and Market Progress NEW CROP ***** 1997 WHEAT CROP *****
As of: 02/18/98 **** OBERLIN BASIS ****
Date   Rating Contract Current % Futures Futures Cash Cash Move Today's vs  Past %
      Month Futures of High Move Up Move Down Change Hi to Low Cash Average of Past
PRE-HARVEST REVIEW:   Based on similar years from the date listed to August 22.
11/22/1996 POOR SEP $3.50 52.40% $0.68 ($0.46) NA $1.28 $3.05 $3.31 92.15%
1/24/1997 POOR SEP $3.54 52.99% $0.63 ($0.50) $0.01 $1.48 $3.06 $3.50 87.43%
2/6/1997 POOR SEP $3.51 52.54% $0.55 ($0.52) ($0.02) $1.44 $3.03 $3.50 86.57%
2/13/1997 POOR SEP $3.59 53.65% $0.51 ($0.55) $0.05 $1.42 $3.10 $3.49 88.83%
2/19/1997 POOR SEP $3.62 54.13% $0.53 ($0.54) $0.09 $1.41 $3.14 $3.49 89.97%
4/16/1997 GOOD SEP $4.38 65.57% $0.65 ($0.51) $0.98 $1.19 $4.03 $3.48 115.80%
4/26/1997 GOOD SEP $4.61 68.95% $0.58 ($0.60) $1.11 $1.19 $4.16 $3.48 119.54%
4/30/1997 GOOD SEP $4.55 68.11% $0.63 ($0.55) $1.00 $1.16 $4.05 $3.47 116.71%
6/18/1997 POOR SEP $3.63 63.62% $0.36 ($0.29) $0.10 $0.69 $3.15 $3.42 92.17%
MDI'S AVERAGE "GOOD " PRICE - FUTURES PRICE $4.51  Futures High was $4.98
AVERAGE FUTURES  PRICE FOR THE PERIOD WAS $3.87  vs. MDI Average $4.51
AMOUNT "GOOD" OVER AVERAGE  PRICE $0.64  MDI as a % of High 90.63%
                         
NOTE #1: The "POOR" rating given on 11/22/96 means that our system feels prices are close to a bottom.  Using the Cash Move Hi
to Low figure of $1.28 + Today's Cash Price of $3.05 means a target top price of $4.33.  We feel that using 80-90% of the
projected Cash Change price for long term planning may be appropriate.  Using this figure for downward movement in prices
following a "GOOD" rating may also be worthwhile to evaluate risk.   This becomes less valuable over short time periods.
 
NOTE #2: Pricing with a "GOOD" rating and a % of Past over 102-105% appears profitable and not selling with a "POOR" rating and a
price below 95% of Past also appears prudent - REMEMBER YOUR TARGET PRICES and PRICE at or above those prices!
                         
MARKET DATA, INC.
Analysis of Weekly Review Rating and Market Progress OLD CROP ***** 1997 WHEAT CROP *****
As of: 02/18/98 **** OBERLIN BASIS ****
Date   Rating Contract Current % Futures Futures Cash Cash Move Today's vs  Past %
      Month Futures of High Move Up Move Down Change Hi to Low Cash Average of Past
POST HARVEST REVIEW:   Based on the similar years prices from the Date to February 22 on MAR and April 22nd on MAY.
8/20/1997 GOOD MAR $4.00 69.67% $0.38 ($0.42) $0.35 $0.75 $3.40 $3.27 103.94%
8/27/1997 GOOD MAR $4.04 69.78% $0.37 ($0.40) $0.37 $0.72 $3.42 $3.27 104.56%
9/3/1997 GOOD MAR $4.05 72.72% $0.36 ($0.38) $0.39 $0.67 $3.44 $3.27 105.16%
9/10/1997 GOOD MAR $3.99 71.14% $0.32 ($0.38) $0.28 $0.65 $3.33 $3.27 101.86%
9/17/1997 GOOD MAR $3.94 67.83% $0.29 ($0.35) $0.17 $0.61 $3.22 $3.27 98.55%
9/24/1997 GOOD MAR $3.90 69.12% $0.29 ($0.32) $0.16 $0.60 $3.21 $3.27 98.25%
10/8/1997 GOOD MAR $3.88 69.04% $0.24 ($0.34) $0.22 $0.55 $3.27 $3.27 100.05%
10/15/1997 GOOD MAR $3.93 69.71% $0.20 ($0.34) $0.25 $0.53 $3.30 $3.27 100.99%
10/22/1997 GOOD MAR $3.91 69.49% $0.18 ($0.33) $0.23 $0.52 $3.28 $3.27 100.43%
10/29/1997 GOOD MAR $3.83 68.01% $0.23 ($0.25) $0.19 $0.50 $3.24 $3.27 99.20%
11/5/1997 GOOD MAR $3.79 67.54% $0.18 ($0.25) $0.20 $0.44 $3.25 $3.27 99.52%
  MDI'S AVERAGE "GOOD " PRICE - FUTURES PRICE $3.93
   
  AVERAGE FUTURES  PRICE FOR THE PERIOD WAS $3.72
   
  AMOUNT "GOOD" OVER AVERAGE  PRICE $0.22  
                         
These are considered Old Crop (OC) ratings.
                         

Copyright 2001, Market Data, Inc.