Financial investors reduce their net long position in Euronext wheat


Non-commercial market participants reduced their net long position in Euronext milling wheat futures and options in the week to February 11, according to data published by Euronext.

Non-commercial participants, which include investment funds and financial institutions, reduced their net long position to 116,429 contracts from 120,292 a week earlier, the data showed.

Trade participants also reduced their net short position to 125,599 contracts from 130,046 a week earlier.

The short trade positions made up 65.3% of the total short position, while the long trade positions made up 44.5% of the total long positions.

Non-commercial short positions represented 34.7% of total short positions, while net non-commercial long positions represented 55.5% of total long positions.

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

In Euronext’s rapeseed futures and options, non-commercial market participants increased their net long position to 3,994 contracts from 2,999 the previous week.

Trading participants raised their net short position in rapeseed to 4,907 contracts from 4,100 the previous week.
Source: Reuters (Reporting by Forrest Crellin. Editing by Jane Merriman)


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