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WHEAT - KANSAS CITY BOARD OF TRADE                                                                      Code-001612
Commitments of Traders with Delta-adjusted Options and Futures Combined, December 20, 2011               
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     :   Total  :                        Reportable Positions                                :   Nonreportable
     :----------------------------------------------------------------------------------------     Positions
     :   Open   :           Non-Commercial       :     Commercial      :       Total         :
     : Interest :   Long   :  Short   : Spreading:   Long   :  Short   :   Long   :  Short   :   Long   :  Short
-------------------------------------------------------------------------------------------------------------------
     :          : (CONTRACTS OF 5,000 BUSHELS)                                               :
     :          :                                                                            :
All  :   142,286:    40,105     23,440     25,694     58,688     68,585    124,487    117,719:    17,800     24,567
Old  :    87,164:    33,738     23,539      6,489     35,143     40,332     75,371     70,360:    11,794     16,804
Other:    55,122:    22,350     15,884      3,222     23,545     28,253     49,116     47,359:     6,006      7,763
     :          :                                                                            :
     :          :          Changes in Commitments from: December 13, 2011                    :
     :      -138:    -3,490     -1,631        590      2,312        394       -588       -647:       450        508
     :          :                                                                            :
     :          :    Percent of Open Interest Represented by Each Category of Trader         :
All  :     100.0:      28.2       16.5       18.1       41.2       48.2       87.5       82.7:      12.5       17.3
Old  :     100.0:      38.7       27.0        7.4       40.3       46.3       86.5       80.7:      13.5       19.3
Other:     100.0:      40.5       28.8        5.8       42.7       51.3       89.1       85.9:      10.9       14.1
     :          :                                                                            :
     :# Traders :              Number of Traders in Each Category                            :
All  :       161:        52         22         35         60         60        125        111:
Old  :       146:        44         24         22         52         50        104         89:
Other:       116:        30         16         16         43         47         78         74:
     :----------------------------------------------------------------------------------------------------
     :             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  :                 12.1       27.1       22.3       37.0       11.8       25.4       20.7       34.6
Old  :                 18.4       23.6       31.2       38.0       18.0       22.8       30.5       36.6
Other:                 21.4       39.8       36.2       52.2       20.9       37.8       35.2       50.3
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Updated December 23, 2011