WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, February 1, 2005                
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :    74,049:     8,852     26,081      4,410     44,915     25,611     58,177     56,102:    15,872     17,947
Old  :    53,980:     8,802     24,520        783     33,894     15,292     43,479     40,595:    10,501     13,385
Other:    20,069:     1,834      3,345      1,843     11,021     10,319     14,698     15,507:     5,371      4,562
     :          :                                                                            :
     :          :          Changes in Commitments from: January 25, 2005                     :
     :     7,427:      -302      7,506        427      6,573     -1,596      6,698      6,337:       729      1,090
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      12.0       35.2        6.0       60.7       34.6       78.6       75.8:      21.4       24.2
Old  :     100.0:      16.3       45.4        1.5       62.8       28.3       80.5       75.2:      19.5       24.8
Other:     100.0:       9.1       16.7        9.2       54.9       51.4       73.2       77.3:      26.8       22.7
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       117:        21         36         18         45         36         75         84:
Old  :       114:        24         34          9         40         34         66         75:
Other:        63:        12         14          5         25         22         39         39:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 25.4       19.5       37.5       31.3       17.9       14.7       26.1       24.0
Old  :                 32.8       20.2       43.6       33.2       29.8       20.2       40.3       33.1
Other:                 31.7       41.8       48.0       57.3       30.1       40.4       39.2       46.9
 
 

Updated February 4, 2005