WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, April 12, 2005                  
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     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
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     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :    81,943:     9,703      9,357     11,405     46,853     39,037     67,961     59,798:    13,982     22,145
Old  :    28,623:     2,121      4,382      4,682     17,811     12,692     24,614     21,756:     4,009      6,868
Other:    53,320:     8,329      5,722      5,976     29,042     26,345     43,347     38,043:     9,972     15,277
     :          :                                                                            :
     :          :          Changes in Commitments from: April 5, 2005                        :
     :     1,178:    -2,171      2,861        -81      4,176       -322      1,924      2,457:      -746     -1,279
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      11.8       11.4       13.9       57.2       47.6       82.9       73.0:      17.1       27.0
Old  :     100.0:       7.4       15.3       16.4       62.2       44.3       86.0       76.0:      14.0       24.0
Other:     100.0:      15.6       10.7       11.2       54.5       49.4       81.3       71.3:      18.7       28.7
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       104:        18         23         18         46         47         74         79:
Old  :        73:         9         14          9         29         32         43         50:
Other:        92:        21         16         15         39         40         65         66:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 30.4       28.9       41.1       37.7       21.6       17.1       29.0       22.2
Old  :                 46.3       33.3       59.0       46.1       31.6       21.4       40.6       27.4
Other:                 27.2       31.3       37.8       40.7       25.2       29.0       35.7       36.3
 
 

Updated April 15, 2005