WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, February 8, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :    82,142:     9,962     27,733      5,581     48,861     28,875     64,404     62,189:    17,738     19,953
Old  :    59,175:    10,083     26,096      1,410     35,321     16,644     46,814     44,150:    12,361     15,025
Other:    22,967:     2,070      3,828      1,980     13,540     12,231     17,590     18,039:     5,377      4,928
     :          :                                                                            :
     :          :          Changes in Commitments from: February 1, 2005                     :
     :     8,093:     1,110      1,652      1,171      3,946      3,264      6,227      6,087:     1,866      2,006
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      12.1       33.8        6.8       59.5       35.2       78.4       75.7:      21.6       24.3
Old  :     100.0:      17.0       44.1        2.4       59.7       28.1       79.1       74.6:      20.9       25.4
Other:     100.0:       9.0       16.7        8.6       59.0       53.3       76.6       78.5:      23.4       21.5
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       123:        25         35         24         47         34         83         88:
Old  :       120:        26         38         11         42         33         71         79:
Other:        68:        15         15          8         25         22         43         43:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 26.5       19.9       37.5       31.8       17.6       13.7       25.6       23.6
Old  :                 30.4       18.9       41.1       33.1       26.9       18.9       36.2       32.7
Other:                 36.8       41.0       52.3       54.8       32.3       39.1       41.3       45.5
 
 

Updated February 11, 2005