WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 31, 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  :    32,628:     2,487      3,002      1,606     20,328     17,328     24,422     21,936:     8,207     10,692
Old  :    15,576:     3,461      2,983        121      6,929      7,478     10,510     10,581:     5,066      4,995
Other:    17,052:       139      1,131        373     13,400      9,851     13,912     11,355:     3,141      5,697
     :          :                                                                            :
     :          :          Changes in Commitments from: May 24, 2005                         :
     :       781:       127       -577       -575        653        812        205       -340:       577      1,121
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       7.6        9.2        4.9       62.3       53.1       74.8       67.2:      25.2       32.8
Old  :     100.0:      22.2       19.2        0.8       44.5       48.0       67.5       67.9:      32.5       32.1
Other:     100.0:       0.8        6.6        2.2       78.6       57.8       81.6       66.6:      18.4       33.4
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        42:         7         11          7         21         16         33         29:
Old  :        40:        10          8          2         12         14         23         23:
Other:        30:         2          6          4         18         14         24         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  :                 44.5       40.5       55.9       50.2       43.3       35.3       53.2       43.2
Old  :                 35.7       34.1       50.4       51.2       34.3       34.1       46.6       49.2
Other:                 58.3       47.5       70.8       56.7       57.8       41.6       67.8       48.8
 
 

Updated June 3, 2005