WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, February 8, 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  :    42,911:     1,010      9,873      2,700     26,036     18,226     29,745     30,799:    13,166     12,113
Old  :    37,256:     1,968      9,876      1,458     22,359     15,375     25,784     26,709:    11,472     10,547
Other:     5,655:        28        983        256      3,677      2,851      3,961      4,090:     1,694      1,565
     :          :                                                                            :
     :          :          Changes in Commitments from: February 1, 2005                     :
     :       892:       129        637       -106        -86     -1,405        -64       -874:       956      1,766
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       2.4       23.0        6.3       60.7       42.5       69.3       71.8:      30.7       28.2
Old  :     100.0:       5.3       26.5        3.9       60.0       41.3       69.2       71.7:      30.8       28.3
Other:     100.0:       0.5       17.4        4.5       65.0       50.4       70.0       72.3:      30.0       27.7
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        52:         7         17          8         26         19         35         42:
Old  :        52:         6         18          7         26         18         35         40:
Other:        23:         2          5          5         10         12         15         19:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 33.8       25.6       46.1       40.2       22.5       17.7       30.8       27.1
Old  :                 35.0       27.8       45.8       41.6       21.0       20.2       29.8       29.9
Other:                 46.3       46.0       64.9       64.7       44.8       43.0       54.1       55.0
 
 

Updated February 11, 2005