Non-commercial market participants reduced their net long position in Euronext’s milling wheat futures and options in the week to June 7, data published by Euronext on Wednesday showed.
Non-commercial participants, which include investment funds and financial institutions, reduced their net long position to 108,241 contracts from 131,183 contracts a week earlier, the data showed.
Commercial participants reduced their net short position to 113,232 contracts from 135,425 contracts a week earlier.
Commercials’ short positions accounted for 63.2% of the total short positions, while commercial long positions accounted for 43.94% of total long positions.
Non-commercial short positions represented 36.8% of total short positions, while non-commercial net long positions accounted for 56.06% of the total longs.
In Euronext’s rapeseed futures and options, non-commercial market participants reduced their net long position to 9,940 contracts from 21,168 contracts a week earlier.
Commercial participants reduced their net short position in rapeseed to 5,561 contracts from 17,019 contracts a week earlier.
Source: Reuters (Reporting by Clément Martinot and Alban Kacher; Editing by Mark Potter)