Institutional investors reduced their holdings of net short futures and options positions on Euronext wheat last week. This is shown by the third report published yesterday by Euronext.
However, the group of non-commercial participants, ie investment funds, banks, insurance companies and the like, is currently still net short. This means that the majority of decision-makers in this group are still betting on falling prices for the most part, but reduced the share of net short positions last week from 22,401 to 7,077 lots.
The "Commercial Participants" group, including Hedger, reduced the share of net long positions by 26,735 from 32,201 lots to 5,466 lots. This group has a share of 65.2% in the open contract portfolio (previous week: 64.3%). The proportion of "non-commercial participants", on the other hand, holds a significantly smaller share of the open contract portfolio of 17.1% (previous week: 16.2%).At the CBoT, the proportion of non-commercial participants is significantly higher at around 45%
It should be mentioned that only 82.2% of the open contract portfolio of Euronext wheat is taken into account and documented (previous week: 80.5%). To view the original reports, please select the link of the appropriate category: Wheat Corn Rapeseed Source: Euronext
