WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, March 15, 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  :    84,001:    19,651      4,715      7,690     40,548     47,373     67,888     59,778:    16,113     24,223
Old  :    42,135:    12,411      2,765      2,861     19,026     26,164     34,299     31,790:     7,837     10,345
Other:    41,866:     7,839      2,549      4,229     21,522     21,209     33,589     27,987:     8,276     13,878
     :          :                                                                            :
     :          :          Changes in Commitments from: March 8, 2005                        :
     :    10,385:     3,351     -1,372      1,152      3,887      5,835      8,390      5,615:     1,995      4,770
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      23.4        5.6        9.2       48.3       56.4       80.8       71.2:      19.2       28.8
Old  :     100.0:      29.5        6.6        6.8       45.2       62.1       81.4       75.4:      18.6       24.6
Other:     100.0:      18.7        6.1       10.1       51.4       50.7       80.2       66.9:      19.8       33.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       115:        30         19         17         42         49         83         76:
Old  :        95:        25         11         10         29         43         59         59:
Other:        84:        18         13         14         31         40         55         63:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 21.0       28.7       32.2       39.9       18.8       22.2       27.6       27.3
Old  :                 30.1       31.2       42.6       41.8       30.1       30.6       42.6       38.6
Other:                 29.2       31.2       42.4       40.9       22.5       26.1       34.5       30.1
 
 

Updated March 18, 2005