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 October 29, according to data released by Euronext on Wednesday.

Non-trade participants, which include investment funds and financial institutions, lowered their net long position to 147,108 contracts from 160,364 a week earlier, the data showed.

Trade participants increased their net short position to 169,358 contracts from 166,206 a week earlier.

Ad short positions represented 67.5% of the total short position, while commercial long positions represented 42.2% of the total long positions.

Non-trade short positions represented 32.6% of total short positions, while net non-trade long positions represented 57.8% of total long positions.

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

On Euronext rapeseed futures and options, non-trading market participants lowered their net short position to 1,377 contracts from 1,661 a week earlier.

Trade participants also reduced their net short position in rapeseed to 1,447 contracts from 1,831 a week earlier.
Source: Reuters (Reporting by Forrest Crellin; editing by Krishna Chandra Eluri)


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