WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders - Futures Only, March 22, 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  :    35,423:     2,097      2,035      1,563     21,571     19,121     25,231     22,719:    10,192     12,704
Old  :    26,331:     2,916      1,985        442     14,865     14,063     18,223     16,490:     8,108      9,841
Other:     9,092:       217      1,086         85      6,706      5,058      7,008      6,229:     2,084      2,863
     :          :                                                                            :
     :          :          Changes in Commitments from: March 15, 2005                       :
     :       155:       408       -150        679         67        -10      1,154        519:      -999       -364
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       5.9        5.7        4.4       60.9       54.0       71.2       64.1:      28.8       35.9
Old  :     100.0:      11.1        7.5        1.7       56.5       53.4       69.2       62.6:      30.8       37.4
Other:     100.0:       2.4       11.9        0.9       73.8       55.6       77.1       68.5:      22.9       31.5
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        42:         7          8          8         23         17         36         28:
Old  :        42:        10          6          5         18         17         30         26:
Other:        29:         4          4          4         12         14         18         20:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 32.8       32.9       49.3       44.5       23.3       20.5       34.8       28.0
Old  :                 38.3       34.7       51.6       47.0       25.8       27.3       38.7       37.6
Other:                 43.6       37.2       67.7       54.9       39.0       34.8       58.7       47.0
 
 

Updated March 25, 2005