Institutional investors (non-commercial participants) are still net long in Matif wheat. However, the 12,614 net long positions on futures and options from the previous week were reduced to 9,121 net long positions in the week to December 13. This is shown in the COT report published today by Euronext. The group of "non-commercial participants" includes investment funds, banks and insurance companies.
The group of "commercial participants", which includes hedgers, reduced their net short positions from 22,745 contracts to 20,793 net short contracts as of December 13. The share of this group in the open interest is 72.6% while non-commercial participants represent 21.1% of the open interest.
93.7% of the open interest in Euronext Wheat was taken into account (previous week: 95.2%).
Source
HANSA Terminhandel
