WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, April 5, 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  :    80,765:    11,874      6,496     11,485     42,678     39,359     66,037     57,341:    14,728     23,424
Old  :    34,576:     4,967      3,293      4,468     19,318     17,259     28,752     25,020:     5,824      9,556
Other:    46,189:     8,321      4,616      5,605     23,360     22,100     37,286     32,321:     8,904     13,868
     :          :                                                                            :
     :          :          Changes in Commitments from: March 29, 2005                       :
     :      -380:    -6,057      1,225      2,977      1,599     -5,920     -1,481     -1,718:     1,101      1,338
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      14.7        8.0       14.2       52.8       48.7       81.8       71.0:      18.2       29.0
Old  :     100.0:      14.4        9.5       12.9       55.9       49.9       83.2       72.4:      16.8       27.6
Other:     100.0:      18.0       10.0       12.1       50.6       47.8       80.7       70.0:      19.3       30.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       108:        23         22         19         44         49         77         81:
Old  :        82:        17         12         10         26         39         45         59:
Other:        92:        23         16         15         35         40         63         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  :                 27.0       27.5       38.0       36.4       22.5       19.5       30.1       22.9
Old  :                 39.8       28.6       55.3       40.0       34.9       19.5       45.8       25.8
Other:                 25.8       30.2       37.4       37.8       22.5       27.4       33.1       32.3
 
 

Updated April 8, 2005