WHEAT - KANSAS CITY BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 05/31/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       73,768
COMMITMENTS
  17,140    9,564    1,243   39,202   44,557   57,585   55,364   16,183   18,404

CHANGES FROM 05/24/05 (CHANGE IN OPEN INTEREST:       -633)
     441   -1,945     -480       84    2,658       45      233     -678     -866

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    23.2     13.0      1.7     53.1     60.4     78.1     75.1     21.9     24.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      116)
      31       20       13       47       42       82       73
 

Updated June 3, 2005