Institutional investors (non-commercial participants) reduced their net long holdings of Matif wheat last week. The portfolio of 63,852 net long positions on futures and options from the previous week was reduced to 59,220 net long positions in the week ending April 17. This is shown by the COT report published by Euronext. Investment funds, banks and insurance companies belong to the group of “non-commercial participants”.
The group of “commercial participants”, ie hedgers, increased their holdings of net short positions as of April 17 from 69,904 contracts to 76,650 net short contracts. Commercial participants hold 75.3% of the total short positions. The long positions of commercial participants in the total long positions are 63.4%.
Non-commercial participants hold 16.9% of the total short positions and 27.8% of the total long positions.
The report includes 92.2% of the open short positions and 91.2% of the open long positions of the wheat futures.
The share of net short positions in this group in the open contract portfolio is 75.3%, while non-commercial participants represent 23.7% in open interest.
95.0% of the open contract portfolio for Euronext wheat was taken into account (previous week: 93.9).
For rapeseed, non-commercial participants reduced the share of rapeseed futures and options from the previous week from 10,604 to 2,622 contracts.
Commercial participants increased their share of net short positions from 6,089 to 7,403 contracts.
Source
Hansa Terminhandel GmbH
