WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, February 1, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
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     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :    42,019:       881      9,236      2,806     26,122     19,630     29,809     31,673:    12,210     10,346
Old  :    36,880:     2,086      9,239      1,405     22,617     16,982     26,107     27,626:    10,773      9,254
Other:     5,139:         8      1,210        189      3,506      2,648      3,702      4,047:     1,437      1,092
     :          :                                                                            :
     :          :          Changes in Commitments from: January 25, 2005                     :
     :      -771:       249       -269        512     -1,889     -1,869     -1,127     -1,625:       356        854
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       2.1       22.0        6.7       62.2       46.7       70.9       75.4:      29.1       24.6
Old  :     100.0:       5.7       25.1        3.8       61.3       46.0       70.8       74.9:      29.2       25.1
Other:     100.0:       0.2       23.5        3.7       68.2       51.5       72.0       78.7:      28.0       21.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        53:         6         17          8         27         22         36         44:
Old  :        53:         6         17          8         27         21         36         43:
Other:        24:         1          6          4         10         13         14         20:
     :----------------------------------------------------------------------------------------------------
     :             Percent of Open Interest Held by the Indicated Number of the Largest Traders
     :                          By Gross Position                       By Net Position
     :               4 or Less Traders     8 or Less Traders     4 or Less Traders     8 or Less Traders
     :                 Long:     Short       Long      Short:      Long      Short       Long      Short
     :----------------------------------------------------------------------------------------------------
All  :                 35.6       26.0       48.4       41.5       23.9       17.8       32.5       28.1
Old  :                 36.8       26.2       48.2       43.2       22.3       20.2       32.3       28.9
Other:                 48.4       50.1       67.7       68.7       46.1       47.7       55.8       60.3
 
 

Updated February 4, 2005