WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders - Futures Only, March 8, 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  :    32,965:     1,284      2,902        859     20,078     17,804     22,221     21,565:    10,744     11,400
Old  :    25,619:     2,022      2,827          5     15,091     13,117     17,118     15,949:     8,501      9,670
Other:     7,346:        66        879         50      4,987      4,687      5,103      5,616:     2,243      1,730
     :          :                                                                            :
     :          :          Changes in Commitments from: March 1, 2005                        :
     :      -948:        54       -851       -247       -457       -354       -650     -1,452:      -298        504
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       3.9        8.8        2.6       60.9       54.0       67.4       65.4:      32.6       34.6
Old  :     100.0:       7.9       11.0        0.0       58.9       51.2       66.8       62.3:      33.2       37.7
Other:     100.0:       0.9       12.0        0.7       67.9       63.8       69.5       76.4:      30.5       23.6
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        38:         5          7          2         21         19         28         26:
Old  :        38:         7          5          1         16         19         23         25:
Other:        24:         1          2          1         13         14         15         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  :                 33.9       32.8       49.9       45.4       21.7       18.7       30.4       25.4
Old  :                 40.1       33.6       51.5       45.1       22.7       22.7       33.6       31.3
Other:                 45.6       45.8       63.3       67.4       39.7       42.9       54.1       60.0
 
 

Updated March 11, 2005