WHEAT - MINNEAPOLIS GRAIN EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/01/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       42,019
COMMITMENTS
     881    9,236    2,806   26,122   19,630   29,809   31,673   12,210   10,346

CHANGES FROM 01/25/05 (CHANGE IN OPEN INTEREST:       -771)
     249     -269      512   -1,889   -1,869   -1,127   -1,625      356      854

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     2.1     22.0      6.7     62.2     46.7     70.9     75.4     29.1     24.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       53)
       6       17        8       27       22       36       44
 

Updated February 4, 2005