WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, February 8, 2005                
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     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
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     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :    89,058:     9,126     27,714      9,410     51,733     31,046     70,269     68,171:    18,789     20,887
Old  :    63,888:     9,312     25,943      3,940     37,495     18,366     50,747     48,249:    13,142     15,639
Other:    25,169:     2,042      3,999      3,242     14,238     12,680     19,522     19,922:     5,647      5,248
     :          :                                                                            :
     :          :          Changes in Commitments from: February 1, 2005                     :
     :     8,293:     1,014      1,648      1,326      3,963      3,354      6,302      6,327:     1,991      1,966
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      10.2       31.1       10.6       58.1       34.9       78.9       76.5:      21.1       23.5
Old  :     100.0:      14.6       40.6        6.2       58.7       28.7       79.4       75.5:      20.6       24.5
Other:     100.0:       8.1       15.9       12.9       56.6       50.4       77.6       79.2:      22.4       20.8
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       123:        24         37         29         48         36         84         95:
Old  :       120:        26         38         20         45         35         78         86:
Other:        68:         9         21         14         26         23         44         50:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 25.9       19.5       36.4       31.1       16.0       12.6       24.0       21.9
Old  :                 29.5       17.5       39.9       30.8       24.8       17.5       33.6       30.4
Other:                 35.6       38.7       51.7       51.3       31.8       36.5       42.3       42.9
 
 

Updated February 11, 2005