WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 07/12/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       88,879
COMMITMENTS
  19,109    6,511    6,755   45,866   54,512   71,730   67,779   17,149   21,100

CHANGES FROM 07/05/05 (CHANGE IN OPEN INTEREST:      4,606)
  -1,371       59   -1,032    6,064    5,233    3,661    4,260      945      346

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    21.5      7.3      7.6     51.6     61.3     80.7     76.3     19.3     23.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      121)
      34       19       18       50       48       95       75
 

Updated July 15, 2005