WHEAT - MINNEAPOLIS GRAIN EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 07/12/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       27,078
COMMITMENTS
   2,311    1,527      562   18,241   17,388   21,114   19,476    5,964    7,602

CHANGES FROM 07/05/05 (CHANGE IN OPEN INTEREST:        153)
      29      -17      103     -417      254     -286      339      439     -186

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     8.5      5.6      2.1     67.4     64.2     78.0     71.9     22.0     28.1

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       42)
       6        6        3       20       20       29       27
 

Updated July 15, 2005