Financial investors switch to net short position in European wheat

Euronext's weekly data reveals a change in the position of non-commercial market participants in milling wheat and rapeseed futures and options. Non-commercial participants, including investment funds and financial institutions, have shifted from a net long position to a net short position in milling wheat, with a total of 9,070 contracts. In contrast, commercial participants have shifted to a net long position, holding 3,150 contracts. In rapeseed, non-commercial participants have shifted to a net long position of 18,234 contracts, while commercial participants have shifted to a net short position of 13,847 contracts.

Non-commercial market participants switched to a net short position in Euronext’s milling wheat futures and options in the week to July 5,data published by Euronext on Wednesday showed. Non-commercial participants, which include investment funds and financial institutions, switched to a net short position of 9,070 contracts from a net long position of 3,771 contracts a week earlier, the data showed. Commercial participants switched to a net long position of 3,150 contracts from a net short position of 7,074 contracts a week earlier. Commercials’ short positions accounted for 52.6% of the total short positions, while commercial long positions accounted for 53.68% of total long positions. Non-commercial short positions represented 47.38% of total short positions, while non-commercial net long positions accounted for 46.32% of the total longs. In Euronext’s rapeseed futures and options, non-commercial market participants switched to a net long position ...