WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/31/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       83,060
COMMITMENTS
  16,632    9,071    7,181   42,159   47,545   65,971   63,797   17,089   19,264

CHANGES FROM 05/24/05 (CHANGE IN OPEN INTEREST:       -655)
     629   -2,075     -385      -42    2,915      202      455     -858   -1,111

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    20.0     10.9      8.6     50.8     57.2     79.4     76.8     20.6     23.2

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      118)
      30       22       16       51       48       87       81
 

Updated June 3, 2005