WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, February 15, 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  :    80,541:    10,394     27,005      5,374     46,399     28,974     62,167     61,353:    18,374     19,188
Old  :    54,032:     9,246     23,686      1,057     32,184     16,165     42,487     40,908:    11,545     13,124
Other:    26,509:     3,288      5,459      2,177     14,215     12,809     19,680     20,445:     6,829      6,064
     :          :                                                                            :
     :          :          Changes in Commitments from: February 8, 2005                     :
     :    -1,601:       432       -728       -207     -2,462         99     -2,237       -836:       636       -765
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      12.9       33.5        6.7       57.6       36.0       77.2       76.2:      22.8       23.8
Old  :     100.0:      17.1       43.8        2.0       59.6       29.9       78.6       75.7:      21.4       24.3
Other:     100.0:      12.4       20.6        8.2       53.6       48.3       74.2       77.1:      25.8       22.9
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       121:        22         39         25         47         33         83         89:
Old  :       111:        26         32         11         40         27         69         68:
Other:        68:        14         18          9         25         21         43         46:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 23.5       18.9       35.0       31.2       18.1       14.0       26.5       23.9
Old  :                 29.8       19.7       40.7       34.2       26.8       19.7       37.7       34.1
Other:                 32.1       33.4       46.2       45.2       27.0       30.8       39.3       39.7
 
 

Updated February 18, 2005