WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, March 29, 2005                  
-------------------------------------------------------------------------------------------------------------------
     :   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  :    81,145:    17,931      5,271      8,508     41,079     45,279     67,518     59,059:    13,627     22,086
Old  :    36,790:     8,961      2,241      3,386     18,451     22,510     30,798     28,137:     5,992      8,653
Other:    44,355:     9,541      3,602      4,551     22,628     22,769     36,720     30,922:     7,635     13,434
     :          :                                                                            :
     :          :          Changes in Commitments from: March 22, 2005                       :
     :    -1,935:    -1,404        412        153        234       -795     -1,017       -230:      -918     -1,705
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      22.1        6.5       10.5       50.6       55.8       83.2       72.8:      16.8       27.2
Old  :     100.0:      24.4        6.1        9.2       50.2       61.2       83.7       76.5:      16.3       23.5
Other:     100.0:      21.5        8.1       10.3       51.0       51.3       82.8       69.7:      17.2       30.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       112:        29         19         15         42         51         80         76:
Old  :        85:        21          8         11         26         43         50         59:
Other:        92:        24         14         14         33         43         62         66:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 24.5       28.4       36.0       39.9       21.0       21.4       29.5       26.5
Old  :                 34.0       28.2       50.2       42.6       32.3       26.6       47.0       36.2
Other:                 28.2       32.6       41.1       40.9       23.1       28.0       35.5       33.1
 

Updated April 1, 2005