Financial investors reduce their net long position in Euronext wheat


Non-commercial market participants reduced their net long positions in Euronext milling wheat futures and options in the week to May 20, according to data released by Euronext on Wednesday.

Non-commercial participants, which include investment funds and financial institutions, reduced their net long position to 184,315 contracts from 186,215 a week earlier, the data showed.

Trade participants also reduced their net short position to 206,530 contracts from 210,394 a week earlier.

Short trade positions made up 31.1% of the total short position, while long trade positions made up 69.1% of the total long positions.

Non-commercial short positions represented 68.9% of total short positions, while net non-commercial long positions represented 30.9% 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-commercial market participants extended their net short position to 8,839 contracts from 4,965 the previous week.

Trading participants increased their net short position in rapeseed to 9,593 contracts from 5,775 a week earlier.
Source: Reuters (Reporting by Forrest Crellin. Editing by Jane Merriman)


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