WHEAT - KANSAS CITY BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 02/22/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       76,588
COMMITMENTS
   9,523   20,505    5,138   42,865   28,871   57,526   54,514   19,062   22,074

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     -3,953)
    -871   -6,500     -236   -3,534     -103   -4,641   -6,839      688    2,886

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    12.4     26.8      6.7     56.0     37.7     75.1     71.2     24.9     28.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      110)
      20       32       20       47       32       81       73
 

Updated February 25, 2005