Financial investors reduce their net long position in wheat Euronext

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Non-trading market participants reduced their net long position in Euronext milling wheat futures and options in the week to April 9, according to data released by Euronext on Wednesday.

Non-commercial participants, which include investment funds and financial institutions, lowered their net long position to 64,941 contracts from 88,698 a week earlier, the data showed.

Trade participants reduced their net short position to 94,917 contracts from 115,743 a week earlier.

Short positions in advertisements accounted for 60.4% of total short positions, while long trading positions accounted for 45.6% of total long positions.

Non-trade short positions represented 39.6% of total short positions, while net non-trade long positions represented 54.4% of total long positions.

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

On Euronext rapeseed futures and options, non-trading market participants moved to a net short position, from a net long position of 1,049 the previous week to 551 net contracts.

Trade participants reduced their net short position in rapeseed to 4,105 contracts from 7,635 a week earlier.

Source: Reuters (Reporting by Forrest Crellin; editing by Jonathan Oatis)


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