WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 24, 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  :    83,716:    16,003     11,146      7,566     42,201     44,629     65,769     63,341:    17,946     20,375
Old  :    83,628:    15,978     11,146      7,566     42,147     44,624     65,690     63,336:    17,937     20,292
Other:        88:        25          0          0         54          5         79          5:         9         83
     :          :                                                                            :
     :          :          Changes in Commitments from: May 17, 2005                         :
     :     7,446:     3,391     -2,190      1,425      2,025      7,501      6,841      6,736:       605        710
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      19.1       13.3        9.0       50.4       53.3       78.6       75.7:      21.4       24.3
Old  :     100.0:      19.1       13.3        9.0       50.4       53.4       78.6       75.7:      21.4       24.3
Other:     100.0:      28.4        0.0        0.0       61.4        5.7       89.8        5.7:      10.2       94.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       118:        30         25         18         49         45         85         83:
Old  :       118:        30         25         18         49         45         85         83:
Other:         6:         1          0          0          3          2          4          2:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 21.3       30.0       30.5       38.3       18.1       27.7       25.7       32.8
Old  :                 21.3       30.1       30.5       38.4       18.1       27.8       25.7       32.9
Other:                 89.8        5.7       89.8        5.7       89.8        5.7       89.8        5.7
 
 

Updated May 27, 2005