WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, March 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  :    66,247:    15,741      7,391      2,386     34,928     38,196     53,055     47,973:    13,192     18,274
Old  :    36,343:    11,345      4,806          0     18,622     22,555     29,967     27,361:     6,376      8,982
Other:    29,904:     5,026      3,215      1,756     16,306     15,641     23,088     20,612:     6,816      9,292
     :          :                                                                            :
     :          :          Changes in Commitments from: March 1, 2005                        :
     :         5:     1,962       -533        -78     -1,017      2,168        867      1,557:      -862     -1,552
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      23.8       11.2        3.6       52.7       57.7       80.1       72.4:      19.9       27.6
Old  :     100.0:      31.2       13.2        0.0       51.2       62.1       82.5       75.3:      17.5       24.7
Other:     100.0:      16.8       10.8        5.9       54.5       52.3       77.2       68.9:      22.8       31.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       108:        31         22         15         38         41         79         68:
Old  :        89:        22         16          0         22         35         44         51:
Other:        75:        17         13          9         28         33         50         51:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 23.2       29.6       35.9       39.8       21.1       24.7       31.8       30.4
Old  :                 34.1       32.2       48.7       42.3       34.1       30.1       48.7       40.1
Other:                 29.8       36.4       44.1       48.2       22.8       33.5       35.4       39.4
 
 

Updated March 11, 2005