WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, March 22, 2005                  
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     :   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  :    37,900:     1,835      1,954      2,057     22,995     20,054     26,887     24,066:    11,013     13,834
Old  :    28,504:     2,686      1,898        894     16,157     14,976     19,737     17,768:     8,767     10,736
Other:     9,397:       200      1,107        112      6,838      5,079      7,150      6,298:     2,246      3,098
     :          :                                                                            :
     :          :          Changes in Commitments from: March 15, 2005                       :
     :       169:       298       -231        998        121       -146      1,417        621:    -1,248       -452
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       4.8        5.2        5.4       60.7       52.9       70.9       63.5:      29.1       36.5
Old  :     100.0:       9.4        6.7        3.1       56.7       52.5       69.2       62.3:      30.8       37.7
Other:     100.0:       2.1       11.8        1.2       72.8       54.0       76.1       67.0:      23.9       33.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        43:         5         10          9         24         18         37         30:
Old  :        43:         8          8          7         20         18         32         29:
Other:        29:         3          5          4         12         15         18         21:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 33.1       33.0       49.4       43.9       22.9       19.1       35.2       26.2
Old  :                 38.4       32.9       51.6       45.6       23.8       25.2       36.5       34.7
Other:                 42.4       36.0       66.4       53.1       37.8       33.6       57.4       45.0
 
 

Updated March 25, 2005