WHEAT - MINNEAPOLIS GRAIN EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/04/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       35,159
COMMITMENTS
   1,030   10,730    1,874   24,672   16,284   27,576   28,888    7,583    6,271

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      1,416)
    -323      971       36    1,999      688    1,712    1,695     -296     -279

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     2.9     30.5      5.3     70.2     46.3     78.4     82.2     21.6     17.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       76)
      10       23        9       36       22       49       52
 

Updated January 7, 2005