WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 3, 2005                     
-------------------------------------------------------------------------------------------------------------------
     :   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  :    68,262:    11,542      8,039      6,573     34,877     33,778     52,993     48,390:    15,269     19,872
Old  :    68,255:    11,542      8,039      6,573     34,870     33,776     52,986     48,388:    15,269     19,867
Other:         7:         0          0          0          7          2          7          2:         0          5
     :          :                                                                            :
     :          :          Changes in Commitments from: April 26, 2005                       :
     :    -3,567:       744     -2,102       -739     -3,966        199     -3,961     -2,641:       394       -926
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      16.9       11.8        9.6       51.1       49.5       77.6       70.9:      22.4       29.1
Old  :     100.0:      16.9       11.8        9.6       51.1       49.5       77.6       70.9:      22.4       29.1
Other:     100.0:       0.0        0.0        0.0      100.0       28.6      100.0       28.6:       0.0       71.4
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       111:        30         18         21         47         46         81         82:
Old  :       111:        30         18         21         47         46         81         82:
Other:         2:         0          0          0          1          1          1          1:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 23.1       24.5       32.1       33.1       21.9       20.1       30.9       26.8
Old  :                 23.1       24.5       32.2       33.1       21.9       20.1       30.9       26.8
Other:                100.0       28.6      100.0       28.6      100.0       28.6      100.0       28.6
 
 

Updated May 6, 2005