WHEAT - KANSAS CITY BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       72,296
COMMITMENTS
  12,061   27,147    3,311   45,702   28,656   61,074   59,114   11,222   13,182

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      4,712)
    -191    3,668      292    4,648     -513    4,749    3,447      -37    1,265

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    16.7     37.5      4.6     63.2     39.6     84.5     81.8     15.5     18.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      151)
      33       35       20       59       53       98      104
 

Updated January 7, 2005