WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 06/28/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       81,958
COMMITMENTS
  19,248    6,862    6,808   40,465   47,420   66,522   61,090   15,436   20,868

CHANGES FROM 06/21/05 (CHANGE IN OPEN INTEREST:     -6,152)
   1,015   -1,982   -1,099   -2,765     -957   -2,849   -4,038   -3,303   -2,114

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.5      8.4      8.3     49.4     57.9     81.2     74.5     18.8     25.5

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      125)
      37       16       21       57       48      105       77
 

Updated July 1, 2005