WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders - Futures Only, February 1, 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  :    39,806:     1,463      9,329      1,848     25,063     19,340     28,374     30,517:    11,432      9,289
Old  :    34,793:     2,489      9,225        629     21,674     16,698     24,792     26,552:    10,001      8,241
Other:     5,013:        75      1,205        118      3,389      2,642      3,582      3,965:     1,431      1,048
     :          :                                                                            :
     :          :          Changes in Commitments from: January 25, 2005                     :
     :      -930:       224       -296        494     -1,920     -1,914     -1,202     -1,716:       272        786
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       3.7       23.4        4.6       63.0       48.6       71.3       76.7:      28.7       23.3
Old  :     100.0:       7.2       26.5        1.8       62.3       48.0       71.3       76.3:      28.7       23.7
Other:     100.0:       1.5       24.0        2.4       67.6       52.7       71.5       79.1:      28.5       20.9
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        53:         8         15          6         25         21         34         41:
Old  :        53:         9         14          6         25         20         34         40:
Other:        24:         3          4          1         10         12         14         16:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 35.0       26.9       48.5       43.2       23.5       18.8       31.7       29.1
Old  :                 36.6       27.8       48.5       45.1       22.5       21.4       31.6       30.7
Other:                 47.5       51.4       67.1       70.4       45.1       48.9       56.0       61.9
 
 

Updated February 4, 2005