WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, May 31, 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  :    73,768:    17,140      9,564      1,243     39,202     44,557     57,585     55,364:    16,183     18,404
Old  :    73,676:    17,115      9,564      1,243     39,144     44,547     57,502     55,354:    16,174     18,322
Other:        92:        25          0          0         58         10         83         10:         9         82
     :          :                                                                            :
     :          :          Changes in Commitments from: May 24, 2005                         :
     :      -633:       441     -1,945       -480         84      2,658         45        233:      -678       -866
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      23.2       13.0        1.7       53.1       60.4       78.1       75.1:      21.9       24.9
Old  :     100.0:      23.2       13.0        1.7       53.1       60.5       78.0       75.1:      22.0       24.9
Other:     100.0:      27.2        0.0        0.0       63.0       10.9       90.2       10.9:       9.8       89.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       116:        31         20         13         47         42         82         73:
Old  :       116:        31         20         13         47         42         82         73:
Other:         6:         1          0          0          3          2          4          2:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 21.4       33.0       30.4       41.8       19.1       30.8       27.9       36.5
Old  :                 21.5       33.0       30.4       41.9       19.1       30.9       27.9       36.6
Other:                 90.2       10.9       90.2       10.9       90.2       10.9       90.2       10.9
 
 

Updated June 3, 2005