WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/01/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       80,765
COMMITMENTS
   8,112   26,067    8,084   47,770   27,693   63,966   61,843   16,798   18,921

CHANGES FROM 01/25/05 (CHANGE IN OPEN INTEREST:      8,142)
    -371    7,535      835    6,964   -1,391    7,427    6,978      715    1,164

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    10.0     32.3     10.0     59.1     34.3     79.2     76.6     20.8     23.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      117)
      21       37       23       48       38       78       91
 

Updated February 4, 2005