WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, March 22, 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  :    73,844:    19,295      8,213      1,622     39,243     41,849     60,160     51,684:    13,684     22,160
Old  :    35,550:    10,445      4,730          0     18,565     21,256     29,010     25,986:     6,540      9,564
Other:    38,294:     9,677      4,310        795     20,678     20,593     31,150     25,698:     7,144     12,596
     :          :                                                                            :
     :          :          Changes in Commitments from: March 15, 2005                       :
     :    -1,430:      -468      1,008        -74        661     -1,760        119       -826:    -1,549       -604
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      26.1       11.1        2.2       53.1       56.7       81.5       70.0:      18.5       30.0
Old  :     100.0:      29.4       13.3        0.0       52.2       59.8       81.6       73.1:      18.4       26.9
Other:     100.0:      25.3       11.3        2.1       54.0       53.8       81.3       67.1:      18.7       32.9
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       105:        28         19          8         33         44         67         65:
Old  :        82:        18         12          0         18         35         36         47:
Other:        80:        18         15          6         26         35         48         53:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 24.4       28.9       36.0       40.7       23.0       22.3       33.1       30.0
Old  :                 35.1       31.3       51.1       41.7       35.1       31.3       51.1       41.6
Other:                 30.8       35.8       45.4       43.5       26.9       32.0       40.4       38.0
 
 

Updated March 25, 2005