WHEAT - MINNEAPOLIS GRAIN EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/15/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       42,858
COMMITMENTS
     651   10,078    2,959   25,139   18,497   28,749   31,534   14,108   11,324

CHANGES FROM 02/08/05 (CHANGE IN OPEN INTEREST:        -54)
    -358      205      259     -896      271     -996      735      942     -789

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     1.5     23.5      6.9     58.7     43.2     67.1     73.6     32.9     26.4

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       54)
       9       17       10       26       20       37       46
 

Updated February 18, 2005