WHEAT - MINNEAPOLIS GRAIN EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 01/04/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       36,901
COMMITMENTS
     462   10,723    2,746   25,508   16,500   28,716   29,969    8,185    6,932

CHANGES FROM 12/28/04 (CHANGE IN OPEN INTEREST:      1,451)
    -346    1,003       90    1,998      675    1,742    1,768     -291     -316

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     1.3     29.1      7.4     69.1     44.7     77.8     81.2     22.2     18.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       76)
       8       25       12       37       23       50       56
 

Updated January 7, 2005