WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, February 15, 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  :    42,858:       651     10,078      2,959     25,139     18,497     28,749     31,534:    14,108     11,324
Old  :    35,522:     1,486      9,962      1,584     20,504     13,942     23,573     25,487:    11,948     10,034
Other:     7,336:       100      1,051        440      4,636      4,556      5,176      6,047:     2,160      1,289
     :          :                                                                            :
     :          :          Changes in Commitments from: February 8, 2005                     :
     :       -54:      -358        205        259       -896        271       -996        735:       942       -789
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       1.5       23.5        6.9       58.7       43.2       67.1       73.6:      32.9       26.4
Old  :     100.0:       4.2       28.0        4.5       57.7       39.2       66.4       71.8:      33.6       28.2
Other:     100.0:       1.4       14.3        6.0       63.2       62.1       70.6       82.4:      29.4       17.6
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        54:         9         17         10         26         20         37         46:
Old  :        54:         9         17          9         24         20         35         45:
Other:        28:         3          5          7         12         15         19         23:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 34.3       25.2       47.8       40.0       23.4       18.6       32.6       29.4
Old  :                 37.4       27.5       48.0       42.3       23.7       22.8       32.2       32.7
Other:                 45.7       45.0       61.5       67.5       42.9       42.0       53.0       60.5
 
 

Updated February 18, 2005