WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 17, 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  :    29,870:     1,665      5,992      2,033     19,189     14,212     22,887     22,238:     6,983      7,633
Old  :    15,658:     2,907      5,913        346      8,493      6,642     11,746     12,901:     3,912      2,757
Other:    14,213:       139      1,460        307     10,696      7,570     11,142      9,336:     3,071      4,876
     :          :                                                                            :
     :          :          Changes in Commitments from: May 10, 2005                         :
     :     1,104:      -129      2,224        341      1,560        165      1,772      2,731:      -668     -1,627
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       5.6       20.1        6.8       64.2       47.6       76.6       74.4:      23.4       25.6
Old  :     100.0:      18.6       37.8        2.2       54.2       42.4       75.0       82.4:      25.0       17.6
Other:     100.0:       1.0       10.3        2.2       75.3       53.3       78.4       65.7:      21.6       34.3
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        44:         8         12          8         21         13         32         30:
Old  :        43:        10         10          3         16         11         26         24:
Other:        29:         2          8          5         15         12         22         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  :                 40.1       38.6       53.7       51.8       36.6       35.7       47.1       45.0
Old  :                 39.8       41.2       53.6       58.1       37.4       40.7       49.7       57.6
Other:                 49.1       46.9       65.7       56.6       48.7       37.2       59.5       44.3
 
 

Updated May 20, 2005