WHEAT - MINNEAPOLIS GRAIN EXCHANGE
FUTURES ONLY POSITIONS AS OF 02/01/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       39,806
COMMITMENTS
   1,463    9,329    1,848   25,063   19,340   28,374   30,517   11,432    9,289

CHANGES FROM 01/25/05 (CHANGE IN OPEN INTEREST:       -930)
     224     -296      494   -1,920   -1,914   -1,202   -1,716      272      786

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     3.7     23.4      4.6     63.0     48.6     71.3     76.7     28.7     23.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       53)
       8       15        6       25       21       34       41
 

Updated February 4, 2005