WHEAT - KANSAS CITY BOARD OF TRADE                                                                            
Commitments of Traders with Delta-adjusted Options and Futures Combined, May 17, 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  :    76,269:    12,612     13,336      6,141     40,175     37,128     58,928     56,605:    17,341     19,665
Old  :    76,261:    12,612     13,336      6,141     40,167     37,125     58,920     56,602:    17,341     19,660
Other:         8:         0          0          0          8          3          8          3:         0          5
     :          :                                                                            :
     :          :          Changes in Commitments from: May 10, 2005                         :
     :     5,292:        28      2,738        182      3,885      1,505      4,096      4,425:     1,196        867
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      16.5       17.5        8.1       52.7       48.7       77.3       74.2:      22.7       25.8
Old  :     100.0:      16.5       17.5        8.1       52.7       48.7       77.3       74.2:      22.7       25.8
Other:     100.0:       0.0        0.0        0.0      100.0       37.5      100.0       37.5:       0.0       62.5
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       109:        25         27         14         46         41         76         77:
Old  :       109:        25         27         14         46         41         76         77:
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  :                 25.6       27.2       34.3       35.9       23.4       24.3       31.4       31.9
Old  :                 25.6       27.2       34.3       35.9       23.4       24.3       31.4       31.9
Other:                100.0       37.5      100.0       37.5      100.0       37.5      100.0       37.5
 
 

Updated May 20, 2005