Financial investors reduce their net long position in Euronext wheat

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Non-trading market participants lowered their net long position in Euronext milling wheat futures and options in the week to October 8, according to data released by Euronext on Wednesday.

Non-commercial participants, which include investment funds and financial institutions, dropped their net long position to 154,958 contracts from 160,651 a week earlier, the data showed.

Trade participants also reduced their net short position to 167,982 contracts from 181,019 a week earlier.

Ad short positions represented 67% of the total short position, while commercial long positions represented 40.2% of the total long positions.

Non-trade short positions accounted for 33.1% of total short positions, while net non-trade long positions represented 59.8% of total long positions.

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

On Euronext rapeseed futures and options, non-trading market participants increased their net long position to 3,471 contracts from 2,060 the previous week.

Trade participants increased their net short position in rapeseed to 10,879 contracts from 10,076 a week earlier.
Source: Reuters (reporting by Forrest Crellin; editing by Alexander Smith)

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