WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, July 12, 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  :    88,879:    19,109      6,511      6,755     45,866     54,512     71,730     67,779:    17,149     21,100
Old  :    88,128:    18,959      6,540      6,686     45,385     54,105     71,029     67,330:    17,099     20,798
Other:       751:       195         16         25        481        408        701        449:        50        302
     :          :                                                                            :
     :          :          Changes in Commitments from: July 5, 2005                         :
     :     4,606:    -1,371         59     -1,032      6,064      5,233      3,661      4,260:       945        346
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      21.5        7.3        7.6       51.6       61.3       80.7       76.3:      19.3       23.7
Old  :     100.0:      21.5        7.4        7.6       51.5       61.4       80.6       76.4:      19.4       23.6
Other:     100.0:      26.0        2.2        3.3       64.1       54.3       93.4       59.8:       6.6       40.2
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       121:        34         19         18         50         48         95         75:
Old  :       121:        35         18         18         50         48         95         75:
Other:        28:         4          2          5          4         19         10         24:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 27.3       32.5       36.3       44.4       18.9       24.1       25.6       31.5
Old  :                 27.1       32.7       36.2       44.6       19.0       24.2       25.8       32.1
Other:                 81.7       41.2       92.5       49.9       81.5       38.7       87.6       46.6
 
 

Updated July 15, 2005