WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, March 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  :    37,731:     1,537      2,185      1,059     22,875     20,200     25,470     23,444:    12,261     14,287
Old  :    29,003:     2,311      1,995        168     16,703     15,373     19,183     17,536:     9,821     11,467
Other:     8,728:        54      1,019         62      6,172      4,828      6,288      5,908:     2,440      2,820
     :          :                                                                            :
     :          :          Changes in Commitments from: March 8, 2005                        :
     :     2,599:       426       -717          7      1,627      1,565      2,059        855:       540      1,745
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       4.1        5.8        2.8       60.6       53.5       67.5       62.1:      32.5       37.9
Old  :     100.0:       8.0        6.9        0.6       57.6       53.0       66.1       60.5:      33.9       39.5
Other:     100.0:       0.6       11.7        0.7       70.7       55.3       72.0       67.7:      28.0       32.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        36:         4          6          3         21         17         27         24:
Old  :        36:         6          4          2         18         17         24         23:
Other:        23:         1          2          2         12         14         14         17:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 33.2       33.7       49.2       44.2       22.7       18.4       35.2       25.2
Old  :                 38.8       33.5       51.4       45.3       24.3       23.9       35.5       32.8
Other:                 40.9       40.6       63.7       57.9       36.0       38.6       55.4       49.9
 
 

Updated March 18, 2005