WHEAT - MINNEAPOLIS GRAIN EXCHANGE                                                                            
Commitments of Traders - Futures Only, May 24, 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  :    30,228:     2,650      3,550      1,548     18,845     16,113     23,043     21,211:     7,185      9,017
Old  :    14,821:     3,635      3,435          0      6,767      7,277     10,402     10,712:     4,419      4,109
Other:    15,407:       176      1,276        387     12,078      8,836     12,641     10,499:     2,766      4,908
     :          :                                                                            :
     :          :          Changes in Commitments from: May 17, 2005                         :
     :     1,895:       580     -2,442        127        608      2,153      1,315       -162:       580      2,057
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:       8.8       11.7        5.1       62.3       53.3       76.2       70.2:      23.8       29.8
Old  :     100.0:      24.5       23.2        0.0       45.7       49.1       70.2       72.3:      29.8       27.7
Other:     100.0:       1.1        8.3        2.5       78.4       57.4       82.0       68.1:      18.0       31.9
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :        47:        11         11          9         23         14         38         30:
Old  :        46:        14          8          0         15         11         29         19:
Other:        32:         5          7          6         17         13         26         22:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 39.9       42.5       52.5       52.2       39.8       36.1       49.9       44.8
Old  :                 35.0       37.6       47.5       55.6       33.8       37.6       44.9       52.8
Other:                 54.3       49.0       69.8       58.0       54.3       39.9       64.7       47.1
 
 

Updated May 27, 2005