WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 07/05/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       84,273
COMMITMENTS
  20,480    6,452    7,788   39,802   49,279   68,069   63,519   16,203   20,754

CHANGES FROM 06/28/05 (CHANGE IN OPEN INTEREST:      2,315)
   1,232     -410      979     -663    1,859    1,548    2,429      767     -114

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    24.3      7.7      9.2     47.2     58.5     80.8     75.4     19.2     24.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      127)
      41       13       19       53       52      100       79
 

Updated July 8, 2005