Financial investors extend long position in Euronext wheat

22 Jul 2020, 15:21 · Successful Farming

PARIS, July 22 (Reuters) -

* Non-commercial market participants expanded their long position in Euronext's milling wheat futures and options in the week to July 17, data published by Euronext on Wednesday showed.

* Non-commercial participants, which include investment funds and financial institutions, increased their net long position to 21,470 contracts from 7,495 a week earlier, the data showed.

* Commercial participants similarly increased their net short position to 20,032 contracts from 6,359 a week earlier.

* Commercials' short positions accounted for 66.3% of the total short position, while commercial long positions accounted for 64% of total long positions.

* Non-commercial short positions represented 20.7% of total short positions, while non-commercial net long positions accounted for 25.4% of the total longs.

* The report covered 87% of the open short positions and 89.4% of the open long positions in the wheat derivatives.

* In Euronext's rapeseed futures and options, non-commercial market participants trimmed their net long position to 13,546 contracts from 13,999 a week earlier.

* Commercial participants decreased their net short position in rapeseed to 20,873 contracts from 22,233 a week earlier.

* To access Euronext's position data for commodity trading, which also covers maize futures: https://live.euronext.com/products/commodities (Reporting by Forrest Crellin, editing by Sybille de La Hamaide and Elaine Hardcastle)