WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, June 28, 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  :    75,480:    18,888      8,051      2,915     38,493     44,539     60,296     55,505:    15,184     19,975
Old  :    74,967:    18,783      8,038      2,915     38,135     44,205     59,833     55,158:    15,134     19,809
Other:       513:       105         13          0        358        334        463        347:        50        166
     :          :                                                                            :
     :          :          Changes in Commitments from: June 21, 2005                        :
     :    -3,437:     1,035     -1,329        464     -1,893       -444       -394     -1,309:    -3,043     -2,128
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      25.0       10.7        3.9       51.0       59.0       79.9       73.5:      20.1       26.5
Old  :     100.0:      25.1       10.7        3.9       50.9       59.0       79.8       73.6:      20.2       26.4
Other:     100.0:      20.5        2.5        0.0       69.8       65.1       90.3       67.6:       9.7       32.4
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       124:        33         20         17         53         46         99         73:
Old  :       124:        33         20         17         53         46         99         73:
Other:        22:         2          1          0          4         16          6         17:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 26.0       34.2       35.2       43.2       23.5       26.3       30.8       34.0
Old  :                 25.7       34.4       34.9       43.4       23.6       26.8       30.9       34.6
Other:                 85.8       52.2       90.3       61.0       85.8       50.5       88.5       59.3
 
 

Updated July 1, 2005