Non-commercial market participants reduced their net long positions in Euronext milling wheat futures and options in the week to May 27, according to data released by Euronext on Wednesday.
Non-commercial participants, which include investment funds and financial institutions, increased their net long position to 191,890 contracts from 184,315 a week earlier, the data showed.
Trading participants reduced their net short position to 198,951 contracts from 206,530 a week earlier.
The short trade positions represented 30.0% of the total short position, while the long trade positions represented 67.5% of the total long positions.
Non-commercial short positions represented 70.0% of total short positions, while net non-commercial long positions represented 32.5% of total long positions.
The report covered all open short positions and open long positions in wheat derivatives.
In Euronext’s rapeseed futures and options, non-trading market participants reduced their net short position to 6,092 contracts from 8,839 the previous week.
Trading participants reduced their net short position in rapeseed to 8,476 contracts from 9,593 a week earlier.
Source: Reuters (report by Sybille de La Hamaide; editing by Amy Caren Daniel)
