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Financial Investors Expand Net Long Position In Euronext Wheat

Non-commercial market participants extended their net long position in Euronext’s milling wheat futures and options in the week to Oct. 22, data published by Euronext on Wednesday showed.

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.

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

Commercials’ short positions accounted for 66.8% of the total short position, while commercial long positions accounted for 40.1% of total long positions.

Non-commercial short positions represented 33.1% of total short positions, while non-commercial net long positions accounted for 59.9% of the total longs.

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

In Euronext’s rapeseed futures and options, non-commercial market participants expanded their net short position to 1,661 contracts from 113 a week earlier.

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

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