Financial investors strengthen their net long position in Euronext wheat

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Non-trading market participants extended their net long position in Euronext milling wheat futures and options during the week to October 22, according to data released by Euronext on Wednesday.

Non-commercial participants, which include investment funds and financial institutions, raised their net long position to 160,364 contracts from 153,690 a week earlier, the data showed.

Trade participants lowered their net short position to 166,206 contracts from 174,723 a week earlier.

Short positions in advertisements accounted for 66.8% of total short positions, while long trading positions represented 40.1% of total long positions.

Non-trade short positions represented 33.1% of total short positions, while net non-trade long positions represented 59.9% of total long positions.

The report covered 99.9% of open short positions and almost all open long positions in wheat derivatives.

On Euronext rapeseed futures and options, non-commercial market participants extended their net short position to 1,661 contracts from 113 the previous week.

Trade participants reduced their net short position in rapeseed to 1,831 contracts from 3,365 a week earlier.
Source: Reuters (Forrest Crellin report edited by Mark Potter)

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