WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/17/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       76,269
COMMITMENTS
  12,612   13,336    6,141   40,175   37,128   58,928   56,605   17,341   19,665

CHANGES FROM 05/10/05 (CHANGE IN OPEN INTEREST:      5,292)
      28    2,738      182    3,885    1,505    4,096    4,425    1,196      867

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    16.5     17.5      8.1     52.7     48.7     77.3     74.2     22.7     25.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      109)
      25       27       14       46       41       76       77
 

Updated May 20, 2005