WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/15/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       87,941
COMMITMENTS
   9,508   26,778    9,797   49,185   31,171   68,490   67,746   19,450   20,195

CHANGES FROM 02/08/05 (CHANGE IN OPEN INTEREST:     -1,117)
     382     -936      387   -2,548      125   -1,778     -425      661     -692

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    10.8     30.4     11.1     55.9     35.4     77.9     77.0     22.1     23.0

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      121)
      24       38       30       47       34       83       95
 

Updated February 18, 2005