WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, February 22, 2005               
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     :   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  :    76,588:     9,523     20,505      5,138     42,865     28,871     57,526     54,514:    19,062     22,074
Old  :    48,236:     7,811     16,779      1,257     27,431     14,795     36,499     32,831:    11,737     15,405
Other:    28,352:     3,572      5,586      2,021     15,434     14,076     21,027     21,683:     7,325      6,669
     :          :                                                                            :
     :          :          Changes in Commitments from: February 15, 2005                    :
     :    -3,953:      -871     -6,500       -236     -3,534       -103     -4,641     -6,839:       688      2,886
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      12.4       26.8        6.7       56.0       37.7       75.1       71.2:      24.9       28.8
Old  :     100.0:      16.2       34.8        2.6       56.9       30.7       75.7       68.1:      24.3       31.9
Other:     100.0:      12.6       19.7        7.1       54.4       49.6       74.2       76.5:      25.8       23.5
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       110:        20         32         20         47         32         81         73:
Old  :        98:        20         26          7         39         24         63         53:
Other:        69:        15         15          7         28         21         45         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  :                 21.0       21.4       33.3       31.9       18.3       16.5       27.2       25.1
Old  :                 28.3       18.0       40.4       31.0       27.2       17.7       39.2       30.7
Other:                 27.9       35.2       41.6       48.2       24.3       33.4       35.8       40.5
 
 

Updated February 25, 2005