WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       81,053
COMMITMENTS
   9,306   20,605    7,513   44,335   30,175   61,154   58,293   19,899   22,760

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     -6,888)
    -202   -6,173   -2,284   -4,849     -996   -7,336   -9,453      448    2,565

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    11.5     25.4      9.3     54.7     37.2     75.4     71.9     24.6     28.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      112)
      18       35       25       47       34       81       81
 

Updated February 25, 2005