WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, June 7, 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  :    86,047:    16,651      8,721      7,326     42,251     48,398     66,227     64,445:    19,820     21,602
Old  :    85,949:    16,626      8,721      7,326     42,201     48,388     66,152     64,435:    19,797     21,514
Other:        98:        25          0          0         50         10         75         10:        23         88
     :          :                                                                            :
     :          :          Changes in Commitments from: May 31, 2005                         :
     :     2,987:        19       -349        145         92        853        256        649:     2,731      2,338
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      19.4       10.1        8.5       49.1       56.2       77.0       74.9:      23.0       25.1
Old  :     100.0:      19.3       10.1        8.5       49.1       56.3       77.0       75.0:      23.0       25.0
Other:     100.0:      25.5        0.0        0.0       51.0       10.2       76.5       10.2:      23.5       89.8
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       117:        32         20         16         50         48         86         80:
Old  :       117:        32         20         16         50         48         86         80:
Other:         5:         1          0          0          2          2          3          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  :                 20.2       30.9       28.5       39.9       16.6       25.3       23.8       31.0
Old  :                 20.2       30.9       28.5       40.0       16.6       25.4       23.8       31.1
Other:                 76.5       10.2       76.5       10.2       76.5       10.2       76.5       10.2
 
 

Updated June 10, 2005