WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 10, 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  :    70,978:    12,584     10,598      5,958     36,290     35,623     54,832     52,180:    16,145     18,798
Old  :    70,971:    12,584     10,598      5,958     36,283     35,621     54,825     52,178:    16,145     18,793
Other:         7:         0          0          0          7          2          7          2:         0          5
     :          :                                                                            :
     :          :          Changes in Commitments from: May 3, 2005                          :
     :     2,716:     1,041      2,559       -615      1,413      1,845      1,839      3,790:       877     -1,074
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      17.7       14.9        8.4       51.1       50.2       77.3       73.5:      22.7       26.5
Old  :     100.0:      17.7       14.9        8.4       51.1       50.2       77.3       73.5:      22.7       26.5
Other:     100.0:       0.0        0.0        0.0      100.0       28.6      100.0       28.6:       0.0       71.4
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       116:        27         27         18         45         47         79         85:
Old  :       116:        27         27         18         45         47         79         85:
Other:         2:         0          0          0          1          1          1          1:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 24.0       25.9       32.5       33.6       22.9       22.0       31.3       28.8
Old  :                 24.0       25.9       32.5       33.6       22.9       22.0       31.3       28.8
Other:                100.0       28.6      100.0       28.6      100.0       28.6      100.0       28.6
 
 

Updated May 13, 2005