WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, March 22, 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  :    83,079:    19,335      4,858      8,356     40,844     46,074     68,535     59,288:    14,545     23,791
Old  :    39,749:    10,555      2,580      3,239     19,057     23,979     32,851     29,798:     6,898      9,951
Other:    43,330:     9,631      3,130      4,266     21,788     22,095     35,684     29,491:     7,646     13,840
     :          :                                                                            :
     :          :          Changes in Commitments from: March 15, 2005                       :
     :      -922:      -316        144        666        297     -1,299        647       -489:    -1,568       -432
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      23.3        5.8       10.1       49.2       55.5       82.5       71.4:      17.5       28.6
Old  :     100.0:      26.6        6.5        8.1       47.9       60.3       82.6       75.0:      17.4       25.0
Other:     100.0:      22.2        7.2        9.8       50.3       51.0       82.4       68.1:      17.6       31.9
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       109:        30         18         14         38         47         75         72:
Old  :        83:        21          9         10         26         38         51         53:
Other:        84:        19         15         13         29         39         55         61:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 22.5       29.4       34.0       40.5       20.4       22.5       29.4       28.2
Old  :                 31.7       28.5       46.3       41.6       31.4       28.3       44.7       36.9
Other:                 28.5       33.4       42.2       42.1       23.8       29.1       36.4       33.6
 
 

Updated March 25, 2005