WHEAT - MINNEAPOLIS GRAIN EXCHANGE
FUTURES ONLY POSITIONS AS OF 02/15/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       40,367
COMMITMENTS
   1,133   10,162    2,079   23,832   17,895   27,044   30,136   13,323   10,231

CHANGES FROM 02/08/05 (CHANGE IN OPEN INTEREST:       -341)
    -344      285      222   -1,165      -61   -1,287      446      946     -787

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     2.8     25.2      5.2     59.0     44.3     67.0     74.7     33.0     25.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       54)
       8       18        9       26       19       37       44
 

Updated February 18, 2005