WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 07/19/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       92,538
COMMITMENTS
  20,393    6,096    6,269   48,478   59,924   75,139   72,288   17,399   20,250

CHANGES FROM 07/12/05 (CHANGE IN OPEN INTEREST:      3,659)
   1,283     -416     -487    2,612    5,411    3,409    4,509      250     -850

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    22.0      6.6      6.8     52.4     64.8     81.2     78.1     18.8     21.9

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      130)
      39       15       16       52       58       99       81
 

Updated July 22, 2005