Table 3. Number of Recommended Transactions for 40 Market Advisory Programs, Soybeans, 1995-2004 Crop Years
                     
Number of Transactions
Market Advisory Program 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Ag Alert for Ontario N/A 13 N/A N/A N/A N/A N/A N/A N/A N/A
Ag Financial Strategies N/A N/A N/A N/A N/A N/A 28 17 52 98
Ag Market Professional (cash only) N/A N/A N/A N/A N/A N/A N/A N/A N/A 12
Ag Market Professional (hedge) N/A N/A N/A N/A N/A N/A N/A N/A N/A 111
Ag Profit by Hjort 7 6 6 26 9 N/A N/A N/A N/A N/A
Ag Review 23 23 15 14 19 12 19 36 29 13
AgLine by Doane (cash only) 8 9 9 7 19 14 9 9 8 9
AgLine by Doane (hedge) N/A N/A N/A 29 19 16 11 12 20 12
AgResource 6 13 18 29 19 62 40 23 51 50
Agri-Edge (cash only) 10 8 3 N/A N/A N/A N/A N/A N/A N/A
Agri-Edge (hedge) 10 25 14 N/A N/A N/A N/A N/A N/A N/A
Agri-Mark 37 6 9 21 25 15 N/A N/A N/A N/A
AgriVisor (aggressive cash) 19 16 11 8 22 7 6 6 4 8
AgriVisor (aggressive hedge) 27 12 12 26 26 9 6 6 4 8
AgriVisor (basic cash) 7 8 7 8 22 7 7 6 4 8
AgriVisor (basic hedge) 19 14 12 20 26 9 7 6 4 8
Allendale (futures only) 10 17 5 10 8 18 8 18 31 16
Brock (cash-only) 7 8 7 7 11 6 4 5 6 8
Brock (hedge) 23 24 22 29 43 13 14 10 20 37
Cash Grain N/A N/A N/A N/A 9 1 N/A N/A N/A N/A
Co-Mark N/A N/A N/A N/A N/A 12 10 9 1 N/A
Freese-Notis 12 13 12 8 26 20 7 20 26 11
Grain Field Marketing N/A N/A N/A N/A N/A N/A 9 66 28 25
Grain Field Report 28 N/A N/A N/A N/A N/A N/A N/A N/A N/A
Grain Marketing Plus N/A N/A N/A N/A N/A 10 4 4 N/A N/A
Harris Weather/Elliott Advisory 3 16 N/A N/A N/A N/A N/A N/A N/A N/A
North American Ag 9 N/A N/A N/A N/A N/A N/A N/A N/A N/A
Northstar Commodity N/A N/A N/A N/A N/A N/A 16 19 7 18
Pro Farmer (cash only) 7 7 8 11 23 20 10 13 13 13
Pro Farmer (hedge) 7 18 14 20 41 25 19 33 23 15
Progressive Ag N/A 15 10 13 9 30 21 36 29 35
Prosperous Farmer 12 N/A N/A N/A N/A N/A N/A N/A N/A N/A
Risk Management Group (cash only) N/A N/A N/A N/A 8 5 2 16 6 14
Risk Management Group (futures & options) N/A N/A N/A N/A 34 17 12 30 22 20
Risk Management Group (options only) N/A N/A N/A N/A 30 13 12 22 22 14
Stewart-Peterson Advisory Reports 46 47 54 39 65 48 33 23 10 32
Stewart-Peterson Strictly Cash 16 20 20 18 20 3 N/A N/A N/A N/A
Top Farmer Intelligence 24 27 28 45 53 42 29 27 43 56
Utterback Marketing Services N/A N/A 27 35 91 58 43 33 46 42
Zwicker Cycle Letter 22 14 6 24 N/A N/A N/A N/A N/A N/A
Descriptive Statistics:
  Average 16 16 14 20 27 19 15 19 20 27
  Median 12 14 12 20 22 14 11 18 20 15
  Minimum 3 6 3 7 8 1 2 4 1 8
  Maximum 46 47 54 45 91 62 43 66 52 111
Total for All Programs 399 379 329 447 677 492 386 505 509 693
Total for All Programs All Crop Years                   4,816
         
Notes: A crop year is a two-year marketing window from September of the year previous to harvest through August of the year after harvest. The transaction count for an advisory program includes all cash, forward, futures, options and marketing loan recommendations for a given crop year.  Entry and exit transactions for futures and options positions are counted separately since positions may be entered and exited in an incremental manner.  N/A denotes "Not Applicable," since the indicated program did not exist or was not evaluated for the given crop year.