WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 03/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       83,079
COMMITMENTS
  19,335    4,858    8,356   40,844   46,074   68,535   59,288   14,545   23,791

CHANGES FROM 03/15/05 (CHANGE IN OPEN INTEREST:       -922)
    -316      144      666      297   -1,299      647     -489   -1,568     -432

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    23.3      5.8     10.1     49.2     55.5     82.5     71.4     17.5     28.6

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      109)
      30       18       14       38       47       75       72
 

Updated March 25, 2005