WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, July 19, 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  :    92,538:    20,393      6,096      6,269     48,478     59,924     75,139     72,288:    17,399     20,250
Old  :    91,587:    20,191      6,184      6,136     47,931     59,372     74,257     71,692:    17,330     19,895
Other:       950:       308         18         27        547        551        882        596:        69        354
     :          :                                                                            :
     :          :          Changes in Commitments from: July 12, 2005                        :
     :     3,659:     1,283       -416       -487      2,612      5,411      3,409      4,509:       250       -850
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      22.0        6.6        6.8       52.4       64.8       81.2       78.1:      18.8       21.9
Old  :     100.0:      22.0        6.8        6.7       52.3       64.8       81.1       78.3:      18.9       21.7
Other:     100.0:      32.4        1.8        2.9       57.6       58.0       92.8       62.7:       7.2       37.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       130:        39         15         16         52         58         99         81:
Old  :       130:        38         16         16         52         58         99         81:
Other:        37:         4          4          6          4         26         11         33:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 28.7       31.6       37.6       41.9       22.2       27.8       28.9       34.0
Old  :                 28.6       31.9       37.6       42.1       22.0       28.0       28.8       34.2
Other:                 73.4       31.8       91.9       46.7       73.2       29.0       87.1       43.9
 
 

Updated July 22, 2005