Institutional investors (non-commercial participants) are still net long in Matif wheat. The 29,491 net long positions on futures and options from the previous week were increased to 32,883 net long positions in the week ending January 10. This is shown in the COT report published yesterday by Euronext. The group of "non-commercial participants" includes investment funds, banks and insurance companies.
The group of "commercial participants", which includes hedgers, increased their net short positions from 43,995 contracts to 53,946 net short contracts as of January 10. The share of this group in the open interest is 71.3% while non-commercial participants represent 21.7% of the open interest.
93.0% of the open interest in Euronext Wheat was taken into account (previous week: 93.1%).
Source
HANSA Terminhandel
