WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, March 1, 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  :    66,242:    13,779      7,924      2,464     35,945     36,028     52,188     46,416:    14,054     19,826
Old  :    37,687:    10,807      4,519          0     19,037     21,741     29,844     26,260:     7,843     11,427
Other:    28,555:     3,452      3,885      1,984     16,908     14,287     22,344     20,156:     6,211      8,399
     :          :                                                                            :
     :          :          Changes in Commitments from: February 22, 2005                    :
     :   -10,346:     4,256    -12,581     -2,674     -6,920      7,157     -5,338     -8,098:    -5,008     -2,248
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      20.8       12.0        3.7       54.3       54.4       78.8       70.1:      21.2       29.9
Old  :     100.0:      28.7       12.0        0.0       50.5       57.7       79.2       69.7:      20.8       30.3
Other:     100.0:      12.1       13.6        6.9       59.2       50.0       78.2       70.6:      21.8       29.4
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       106:        24         24         15         39         38         75         68:
Old  :        91:        20         19          0         25         36         45         55:
Other:        71:        13         16          9         27         29         45         50:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 22.3       26.8       34.9       37.1       20.6       21.8       30.4       27.8
Old  :                 31.9       26.9       45.7       37.3       31.9       25.7       45.7       35.0
Other:                 31.0       35.2       46.0       47.2       22.8       31.3       36.9       36.9
 
 

Updated March 4, 2005