WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, May 24, 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  :    74,401:    16,699     11,509      1,723     39,118     41,899     57,540     55,131:    16,861     19,270
Old  :    74,313:    16,674     11,509      1,723     39,064     41,894     57,461     55,126:    16,852     19,187
Other:        88:        25          0          0         54          5         79          5:         9         83
     :          :                                                                            :
     :          :          Changes in Commitments from: May 17, 2005                         :
     :     6,772:     3,915     -1,627        243      1,872      7,028      6,030      5,644:       742      1,128
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      22.4       15.5        2.3       52.6       56.3       77.3       74.1:      22.7       25.9
Old  :     100.0:      22.4       15.5        2.3       52.6       56.4       77.3       74.2:      22.7       25.8
Other:     100.0:      28.4        0.0        0.0       61.4        5.7       89.8        5.7:      10.2       94.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       116:        30         25         15         46         41         81         77:
Old  :       116:        30         25         15         46         41         81         77:
Other:         6:         1          0          0          3          2          4          2:
     :----------------------------------------------------------------------------------------------------
     :             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       32.6       30.7       40.7       19.2       30.8       27.9       36.5
Old  :                 21.0       32.6       30.7       40.8       19.2       30.9       27.9       36.6
Other:                 89.8        5.7       89.8        5.7       89.8        5.7       89.8        5.7
 
 

Updated May 27, 2005