Financial investors extend their net long position in wheat Euronext

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Non-trading market participants increased their net long position in Euronext milling wheat futures and options in the week to July 23, according to data released by Euronext on Wednesday.

Non-commercial participants, which include investment funds and financial institutions, extended their net long position to 126,251 contracts from 115,392 a week earlier, the data showed.

Trade participants also increased their net short position to 149,986 contracts from 141,880 a week earlier.

Short positions in advertisements accounted for 63.2% of total short positions, while long trading positions represented 38% of total long positions.

Non-trade short positions represented 36.8% of total short positions, while net non-trade long positions represented 61.9% of total long positions.

The report covered almost all open short positions and open long positions in wheat derivatives.

On Euronext rapeseed futures and options, non-trading market participants increased their net long position to 5,976 contracts from 3,048 the previous week.

Trade participants also extended their net short position in rapeseed to 6,920 contracts from 5,698 a week earlier.
Source: Reuters (Reporting by Forrest Crellin; editing by David Evans)


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