WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 24, 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  :    31,847:     2,360      3,579      2,181     19,676     16,517     24,217     22,276:     7,630      9,571
Old  :    15,705:     3,448      3,435        346      7,345      7,544     11,139     11,324:     4,567      4,381
Other:    16,141:       144      1,375        604     12,331      8,973     13,078     10,952:     3,063      5,189
     :          :                                                                            :
     :          :          Changes in Commitments from: May 17, 2005                         :
     :     1,977:       695     -2,414        148        486      2,305      1,329         39:       647      1,938
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       7.4       11.2        6.8       61.8       51.9       76.0       69.9:      24.0       30.1
Old  :     100.0:      22.0       21.9        2.2       46.8       48.0       70.9       72.1:      29.1       27.9
Other:     100.0:       0.9        8.5        3.7       76.4       55.6       81.0       67.9:      19.0       32.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        48:         9         13         10         23         15         38         32:
Old  :        46:        14          8          4         16         11         30         23:
Other:        33:         3          9          7         17         14         26         24:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 39.6       41.2       52.0       50.8       38.8       34.9       48.4       42.4
Old  :                 35.1       36.8       48.2       54.0       32.5       36.8       43.4       51.2
Other:                 53.1       47.3       68.2       56.3       52.6       38.4       62.8       45.3
 
 

Updated May 27, 2005