WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, March 8, 2005                   
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     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
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     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :    73,616:    16,300      6,087      6,537     36,660     41,538     59,498     54,162:    14,118     19,454
Old  :    39,838:    11,356      3,569      2,338     19,298     24,604     32,992     30,511:     6,846      9,327
Other:    33,778:     5,492      3,066      3,651     17,363     16,934     26,505     23,652:     7,273     10,127
     :          :                                                                            :
     :          :          Changes in Commitments from: March 1, 2005                        :
     :       504:     1,719       -968        651       -954      2,276      1,416      1,960:      -912     -1,456
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      22.1        8.3        8.9       49.8       56.4       80.8       73.6:      19.2       26.4
Old  :     100.0:      28.5        9.0        5.9       48.4       61.8       82.8       76.6:      17.2       23.4
Other:     100.0:      16.3        9.1       10.8       51.4       50.1       78.5       70.0:      21.5       30.0
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       112:        33         22         17         41         43         83         73:
Old  :        90:        28         10          9         27         37         57         54:
Other:        78:        16         16         13         30         36         53         59:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 21.8       29.7       33.2       40.1       19.0       24.1       28.9       29.2
Old  :                 31.1       29.9       44.4       41.3       31.1       27.8       44.4       37.0
Other:                 27.9       35.2       41.8       45.8       20.0       30.2       32.4       35.4
 
 

Updated March 11, 2005