WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, July 26, 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  :    85,366:    19,917      7,646      1,693     48,287     59,075     69,897     68,414:    15,469     16,952
Old  :    84,445:    19,688      7,722      1,579     47,851     58,519     69,118     67,820:    15,327     16,625
Other:       921:       329         24         14        436        556        779        594:       142        327
     :          :                                                                            :
     :          :          Changes in Commitments from: July 19, 2005                        :
     :     1,402:    -1,291        982        416      3,234      2,091      2,359      3,489:      -957     -2,087
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      23.3        9.0        2.0       56.6       69.2       81.9       80.1:      18.1       19.9
Old  :     100.0:      23.3        9.1        1.9       56.7       69.3       81.8       80.3:      18.2       19.7
Other:     100.0:      35.7        2.6        1.5       47.3       60.4       84.6       64.5:      15.4       35.5
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       134:        38         15         12         51         59         96         81:
Old  :       133:        37         15         11         51         58         94         80:
Other:        35:         3          4          1          4         25          7         30:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 32.0       33.0       40.0       44.6       26.0       31.0       33.8       38.1
Old  :                 32.1       33.3       40.2       44.9       26.1       31.3       33.9       38.3
Other:                 68.0       29.2       84.6       48.5       66.4       29.2       78.4       45.4
 
 

Updated July 29, 2005