WHEAT - MINNEAPOLIS GRAIN EXCHANGE
FUTURES ONLY POSITIONS AS OF 01/11/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       35,153
COMMITMENTS
     822   10,740    1,072   25,496   16,781   27,390   28,593    7,763    6,560

CHANGES FROM 01/04/05 (CHANGE IN OPEN INTEREST:         -6)
    -208       10     -802      824      497     -186     -295      180      289

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     2.3     30.6      3.0     72.5     47.7     77.9     81.3     22.1     18.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       68)
       8       20        5       34       23       43       47
 

Updated January 11, 2005