WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders - Futures Only, February 15, 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  :    40,367:     1,133     10,162      2,079     23,832     17,895     27,044     30,136:    13,323     10,231
Old  :    33,227:     1,822      9,979        854     19,349     13,370     22,025     24,203:    11,202      9,024
Other:     7,140:       177      1,049        359      4,483      4,525      5,019      5,933:     2,121      1,207
     :          :                                                                            :
     :          :          Changes in Commitments from: February 8, 2005                     :
     :      -341:      -344        285        222     -1,165        -61     -1,287        446:       946       -787
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       2.8       25.2        5.2       59.0       44.3       67.0       74.7:      33.0       25.3
Old  :     100.0:       5.5       30.0        2.6       58.2       40.2       66.3       72.8:      33.7       27.2
Other:     100.0:       2.5       14.7        5.0       62.8       63.4       70.3       83.1:      29.7       16.9
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        54:         8         18          9         26         19         37         44:
Old  :        54:         8         18          8         23         19         34         43:
Other:        27:         4          4          4         12         13         19         18:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 33.9       25.7       47.6       41.1       23.0       19.7       31.4       31.1
Old  :                 38.0       29.4       47.9       44.4       23.2       24.4       31.4       35.0
Other:                 45.8       46.2       61.3       69.3       42.4       43.2       53.2       62.5
 
 

Updated February 18, 2005