WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, June 28, 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  :    81,958:    19,248      6,862      6,808     40,465     47,420     66,522     61,090:    15,436     20,868
Old  :    81,408:    19,129      6,862      6,788     40,107     47,078     66,025     60,728:    15,383     20,680
Other:       550:       119          0         20        358        342        497        362:        53        188
     :          :                                                                            :
     :          :          Changes in Commitments from: June 21, 2005                        :
     :    -6,152:     1,015     -1,982     -1,099     -2,765       -957     -2,849     -4,038:    -3,303     -2,114
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      23.5        8.4        8.3       49.4       57.9       81.2       74.5:      18.8       25.5
Old  :     100.0:      23.5        8.4        8.3       49.3       57.8       81.1       74.6:      18.9       25.4
Other:     100.0:      21.7        0.0        3.6       65.1       62.3       90.4       65.9:       9.6       34.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       125:        37         16         21         57         48        105         77:
Old  :       125:        36         17         21         57         48        105         77:
Other:        25:         6          0          5          4         16         10         21:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 24.0       32.0       32.6       42.9       21.7       25.1       28.3       32.9
Old  :                 23.7       32.2       32.3       43.1       21.7       25.6       28.4       33.5
Other:                 80.3       50.3       89.0       58.6       79.9       48.6       85.0       55.9
 
 

Updated July 1, 2005