WHEAT - KANSAS CITY BOARD OF TRADE
FUTURES ONLY POSITIONS AS OF 07/12/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       80,454
COMMITMENTS
  19,657    7,032    2,048   42,510   51,520   64,215   60,600   16,239   19,854

CHANGES FROM 07/05/05 (CHANGE IN OPEN INTEREST:      4,132)
    -940     -105     -969    5,813    5,360    3,904    4,286      228     -154

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    24.4      8.7      2.5     52.8     64.0     79.8     75.3     20.2     24.7

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      121)
      36       17       13       44       47       88       70
 

Updated July 15, 2005