WHEAT - MINNEAPOLIS GRAIN EXCHANGE
FUTURES ONLY POSITIONS AS OF 02/22/05                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       37,957
COMMITMENTS
   1,035    8,088    2,120   22,781   17,191   25,936   27,399   12,021   10,558

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     -2,410)
     -98   -2,074       41   -1,051     -704   -1,108   -2,737   -1,302      327

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
     2.7     21.3      5.6     60.0     45.3     68.3     72.2     31.7     27.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       48)
       5       18        7       21       17       31       38
 

Updated February 25, 2005