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Financial investors decrease net long position in Euronext wheat

Non-commercial market participants reduced their net long position in Euronext’s milling wheat futures and options in the week to April 9, data published by Euronext on Wednesday showed.

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.

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

Commercials’ short positions accounted for 60.4% of the total short position, while commercial long positions accounted for 45.6% of total long positions.

Non-commercial short positions represented 39.6% of total short positions, while non-commercial net long positions accounted for 54.4% of the total longs.

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

In Euronext’s rapeseed futures and options, non-commercial market participants switched to a net short position, going to a net short of 551 contracts from a net long of 1,049 a week earlier.

Commercial participants decreased 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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