WHEAT - KANSAS CITY BOARD OF TRADE
OPTION AND FUTURES COMBINED POSITIONS AS OF 05/24/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       83,716
COMMITMENTS
  16,003   11,146    7,566   42,201   44,629   65,769   63,341   17,946   20,375

CHANGES FROM 05/17/05 (CHANGE IN OPEN INTEREST:      7,446)
   3,391   -2,190    1,425    2,025    7,501    6,841    6,736      605      710

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
    19.1     13.3      9.0     50.4     53.3     78.6     75.7     21.4     24.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:      118)
      30       25       18       49       45       85       83
 

Updated May 27, 2005