WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, July 26, 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  :    93,831:    18,465      7,167      6,819     52,129     61,749     77,413     75,735:    16,418     18,096
Old  :    92,829:    18,213      7,263      6,657     51,693     61,185     76,562     75,105:    16,267     17,724
Other:     1,002:       370         22         45        436        565        851        631:       151        371
     :          :                                                                            :
     :          :          Changes in Commitments from: July 19, 2005                        :
     :     1,293:    -1,928      1,071        551      3,651      1,826      2,274      3,447:      -981     -2,154
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      19.7        7.6        7.3       55.6       65.8       82.5       80.7:      17.5       19.3
Old  :     100.0:      19.6        7.8        7.2       55.7       65.9       82.5       80.9:      17.5       19.1
Other:     100.0:      36.9        2.2        4.5       43.5       56.3       84.9       63.0:      15.1       37.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       134:        36         16         17         57         61        103         87:
Old  :       133:        35         16         17         57         60        102         86:
Other:        37:         4          5          7          4         25         12         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  :                 30.2       32.1       39.6       43.2       22.8       27.8       29.7       34.2
Old  :                 30.3       32.4       39.7       43.5       22.9       28.0       29.8       34.4
Other:                 64.7       27.6       83.9       45.3       62.8       27.6       76.2       42.5
 
 

Updated July 29, 2005