WHEAT - MINNEAPOLIS GRAIN EXCHANGE
OPTION AND FUTURES COMBINED POSITIONS AS OF 02/22/05          |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  Long  | Short  |Spreads |  Long  | Short  |  Long  | Short  |  Long  | Short
--------------------------------------------------------------------------------
(CONTRACTS OF 5,000 BUSHELS)                         OPEN INTEREST:       40,045
COMMITMENTS
     890    8,046    2,405   23,975   17,870   27,269   28,321   12,775   11,724

CHANGES FROM 02/15/05 (CHANGE IN OPEN INTEREST:     -2,813)
     238   -2,032     -553   -1,165     -628   -1,480   -3,213   -1,333      400

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADER
     2.2     20.1      6.0     59.9     44.6     68.1     70.7     31.9     29.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       48)
       6       17        8       21       18       31       40
 

Updated February 25, 2005