WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders - Futures Only, March 15, 2005                  
-------------------------------------------------------------------------------------------------------------------
     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :    75,274:    19,763      7,205      1,696     38,582     43,609     60,041     52,510:    15,233     22,764
Old  :    38,050:    12,428      4,297          0     18,220     23,855     30,648     28,152:     7,402      9,898
Other:    37,224:     7,884      3,457      1,147     20,362     19,754     29,393     24,358:     7,831     12,866
     :          :                                                                            :
     :          :          Changes in Commitments from: March 8, 2005                        :
     :     9,027:     4,022       -186       -690      3,654      5,413      6,986      4,537:     2,041      4,490
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      26.3        9.6        2.3       51.3       57.9       79.8       69.8:      20.2       30.2
Old  :     100.0:      32.7       11.3        0.0       47.9       62.7       80.5       74.0:      19.5       26.0
Other:     100.0:      21.2        9.3        3.1       54.7       53.1       79.0       65.4:      21.0       34.6
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       111:        29         19         12         37         46         75         70:
Old  :        93:        22         13          0         21         40         43         53:
Other:        80:        16         14          9         28         36         49         56:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 22.1       28.6       34.2       40.2       20.5       22.4       30.3       28.8
Old  :                 33.3       33.5       47.2       42.8       33.3       33.0       47.2       42.0
Other:                 31.3       33.0       45.7       41.6       25.3       28.8       38.5       33.9
 
 

Updated March 18, 2005