Six Step Plan Track Record

Corn Hedge Plan in Review
Year Option Activity Cash Sale Recommendations Total
Entry Date Entry Point Initial
Premium
Paid
Number of
Transactions
Net
Premium
Captured
Harvest Price
(Futures Price at
Option Expiration)
Average Sale
(Futures Price)
Net Premium Captured
+ Average Sale
2009 12/10/08 $3.20 Dec Puts 17¢ 6 -14¢ $3.91 $3.96 $3.82
2008 12/10/07 $3.60 Dec Puts 17¢ 12 $1.20 $3.38½ $4.54 $5.74
2007 11/16/06 $3.00 Dec Puts 16¢ 3 -19¢ $3.80 $3.75 $3.56
2006 1/1/06 $2.30 Dec Puts 12¢ 1 -21¢ $3.61½ $2.90 $2.69
2005 12/16/04 $2.20 Dec Puts 12¢ 3 4¾¢ $1.90½ $2.54 $2.58¾
2004 2/2/04 $2.30 Dec Puts 10¢ 4 28¾¢ $1.97½ $3.02 $3.30¾
2003 2/7/03 $2.30 Dec Puts 11½¢ 4 -3¢ $2.40¼ $2.41 $2.38
2002 11/25/01 $2.30 Dec Puts 11½¢ 3 -4½¢ $2.45¾ $2.51 $2.46½
2001 11/28/00 $2.30 Dec Puts 10¢ 3 11½¢ $2.07¾ $2.32 $2.43½
2000 3/13/00 $2.30 Dec Puts 10¢ 1 11½¢ $2.10½ $2.48 $2.59½
1999 12/11/98 $2.30 Dec Puts 10¢ 3 26½¢ $1.93 $2.30 $2.56½
1998 2/9/98 $2.60 Dec Puts 10¢ 2 29½¢ $2.16¾ $2.47 $2.76½
1997 3/24/97 $2.70 Dec Puts 12¾¢ 3 23¼¢ $2.70 $2.75 $2.98½
1996 2/15/96 $3.00 Dec Puts 16¢ 3 42½¢ $2.71¾ $3.44 $3.86½
Soybean Hedge Plan in Review
2009 3/20/09 $7.00 Nov Puts 43¢ 5 -40½¢ $10.06 $9.53 $9.12½
2008* 12/24/08 $9.00 Nov Puts 29¢ 8 $2.70¾ $8.63 $11.18 $13.88¾
2007 12/28/06 $6.40 Nov Puts 20¢ 3 -65¢ $10.66 $8.63 $7.98
2006 3/1/06 $5.60 Nov Puts 25¢ 2 -13¢ $6.35½ $6.06 $5.93
2005 2/22/05 $5.20 Nov Puts 20¢ 8 $5.71 $6.77 $6.78
2004 1/3/04 $5.80 Nov Puts 20¢ 5 55¾¢ $5.25¾ $7.13 $7.68¾
2003 4/23/03 $5.00 Nov Puts 11¢ 3 -29¢ $7.57 $6.60 $6.31
2002 6/5/02 $4.60 Nov Puts 15¢ 1 -29¼¢ $5.55¾ $5.55 $5.25¾
2001 12/28/00 $4.80 Nov Puts 20¢ 5 25½¢ $4.20½ $5.00 $5.25½
2000 3/8/00 $4.75 Nov Puts 17¢ 2 $4.68¼ $5.37 $5.41
1999 12/17/98 $5.50 Nov Puts 21¢ 4 60½¢ $4.72 $5.20 $5.80½
1998 2/10/98 $6.25 Nov Puts 23¢ 2 47¼¢ $5.48 $6.28 $6.75¼
1997 3/3/97 $6.75 Nov Puts 27¢ 2 47¼¢ $6.92 $6.95 $7.42¼

*2008 Soybean option hedge is a composite of multiple client results as a byproduct of extreme market volatility

Member of National Futures Association and registered with Commodity Futures Trading Commission. Past performance is not indicative of future results. Furthermore, the results above will vary based on customer participation. COPYRIGHT WARNING AND NOTICE: It is a violation of federal copyright law to reproduce all or any part of this publication or its contents by email, facsimile, xerography, scanning or any other means, without First Capitol Ag permission. Revised 12/2009.