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Financial investors trim net long position in euronext wheat

Non-commercial market participants lowered their net long position in Euronext’s milling wheat futures and options in the week to Oct. 15, data published by Euronext on Wednesday showed.

Non-commercial participants, which include investment funds and financial institutions, cut their net long position to 153,690 contracts from 154,958 a week earlier, the data showed.

Commercial participants increased their net short position to 174,723 contracts from 167,982 a week earlier.

Commercials’ short positions accounted for 68.1% of the total short position, while commercial long positions accounted for 41.8% of total long positions.

Non-commercial short positions represented 31.9% of total short positions, while non-commercial net long positions accounted for 58.1% of the total longs.

The report covered all 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 flipped to a net short position, going to a net short of 113 contracts from a net long of 3,471 a week earlier.

Commercial participants decreased their net short position in rapeseed to 3,365 contracts from 10,879 a week earlier.
Source: Reuters (Reporting by Forrest Crellin; Editing by Shailesh Kuber)

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