WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders - Futures Only, March 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  :    33,913:     1,230      3,753      1,106     20,535     18,158     22,871     23,017:    11,042     10,896
Old  :    26,825:     1,894      3,796        151     15,961     13,464     18,006     17,411:     8,819      9,414
Other:     7,088:       203        824         88      4,574      4,694      4,865      5,606:     2,223      1,482
     :          :                                                                            :
     :          :          Changes in Commitments from: February 22, 2005                    :
     :    -4,044:       195     -4,335     -1,014     -2,246        967     -3,065     -4,382:      -979        338
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       3.6       11.1        3.3       60.6       53.5       67.4       67.9:      32.6       32.1
Old  :     100.0:       7.1       14.2        0.6       59.5       50.2       67.1       64.9:      32.9       35.1
Other:     100.0:       2.9       11.6        1.2       64.5       66.2       68.6       79.1:      31.4       20.9
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        43:         6         10          5         19         20         29         31:
Old  :        43:         7          9          4         16         20         26         30:
Other:        26:         4          2          3         10         15         15         19:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 33.6       30.8       50.7       44.3       21.6       17.9       32.2       24.9
Old  :                 40.2       32.7       52.8       43.8       22.8       22.0       34.7       30.1
Other:                 45.1       46.4       62.4       68.7       40.1       43.4       53.2       61.8
 
 

Updated March 4, 2005