WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders - Futures Only, February 22, 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  :    37,957:     1,035      8,088      2,120     22,781     17,191     25,936     27,399:    12,021     10,558
Old  :    30,863:     1,427      7,829      1,185     18,212     12,552     20,824     21,566:    10,039      9,297
Other:     7,094:       241        892        302      4,569      4,639      5,112      5,833:     1,982      1,261
     :          :                                                                            :
     :          :          Changes in Commitments from: February 15, 2005                    :
     :    -2,410:       -98     -2,074         41     -1,051       -704     -1,108     -2,737:    -1,302        327
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       2.7       21.3        5.6       60.0       45.3       68.3       72.2:      31.7       27.8
Old  :     100.0:       4.6       25.4        3.8       59.0       40.7       67.5       69.9:      32.5       30.1
Other:     100.0:       3.4       12.6        4.3       64.4       65.4       72.1       82.2:      27.9       17.8
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        48:         5         18          7         21         17         31         38:
Old  :        48:         8         15          6         19         17         29         37:
Other:        24:         3          4          4         11         11         16         17:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 33.7       25.6       49.5       42.7       20.8       17.7       30.7       26.8
Old  :                 39.4       28.2       50.4       45.7       22.2       22.7       32.8       31.5
Other:                 45.3       46.3       63.8       68.5       41.8       43.7       56.5       62.0
 
 

Updated February 25, 2005