Financial investors reduce their net long position in Euronext wheat

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Non-trading market participants reduced their net long position in Euronext milling wheat futures and options in the week to September 3, according to data released by Euronext.

Non-commercial participants, which include investment funds and financial institutions, lowered their net long position to 150,206 contracts from 169,831 a week earlier, the data showed.

Trade participants also reduced their net short position to 163,785 contracts from 180,132 a week earlier.

Ad short positions accounted for 69.3% of total short positions, while commercial long positions accounted for 41.5% of total long positions.

Non-trade short positions represented 30.7% of total short positions, while net non-trade long positions represented 58.5% of total long positions.

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

On Euronext rapeseed futures and options, non-trading market participants reduced their net long position to 2,536 contracts, down from 4,800 the previous week.

Trade participants dropped their net short position in rapeseed to 8,761 contracts from 11,341 a week earlier.
Source: Reuters (Report by Forrest Crellin. Editing by Jane Merriman)

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