Financial investors increase their net long position in Euronext wheat

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Non-commercial market participants extended their net long position in Euronext milling wheat futures and options in the week to March 25, according to data released by Euronext on Wednesday.

Non-commercial participants, which include investment funds and financial institutions, increased their net long position to 175,478 contracts from 172,463 a week earlier, the data showed.

Trading participants raised their net short position to 196,499 contracts from 193,900 the previous week.

The short trade positions made up 65.5% of the total short position, while the long trade positions made up 33.5% of the total long positions.

Non-commercial short positions represented 34.6% of total short positions, while net non-commercial long positions represented 66.5% 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-commercial market participants increased their net long position to 10,228 contracts from 5,444 the previous week.

Trading participants raised their net short position in rapeseed to 12,052 contracts from 7,352 the previous week.
Source: Reuters (report by Forrest Crellin edited by Mark Potter)

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