WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 31, 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  :    83,060:    16,632      9,071      7,181     42,159     47,545     65,971     63,797:    17,089     19,264
Old  :    82,968:    16,607      9,071      7,181     42,101     47,535     65,888     63,787:    17,080     19,182
Other:        92:        25          0          0         58         10         83         10:         9         82
     :          :                                                                            :
     :          :          Changes in Commitments from: May 24, 2005                         :
     :      -655:       629     -2,075       -385        -42      2,915        202        455:      -858     -1,111
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      20.0       10.9        8.6       50.8       57.2       79.4       76.8:      20.6       23.2
Old  :     100.0:      20.0       10.9        8.7       50.7       57.3       79.4       76.9:      20.6       23.1
Other:     100.0:      27.2        0.0        0.0       63.0       10.9       90.2       10.9:       9.8       89.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       118:        30         22         16         51         48         87         81:
Old  :       118:        30         22         16         51         48         87         81:
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  :                 21.1       30.8       30.0       39.9       17.8       27.7       25.6       32.8
Old  :                 21.2       30.8       30.0       39.9       17.8       27.7       25.6       32.9
Other:                 90.2       10.9       90.2       10.9       90.2       10.9       90.2       10.9
 
 

Updated June 3, 2005