Investment funds and other non-commercial traders trimmed their net long exposure to Euronext milling wheat futures and options for the week ending May 29, according to data released by Euronext on Wednesday.
Non-commercial participants reduced their net long position to 50,324 contracts from 93,833 contracts the previous week, the exchange data showed. At the same time, commercial participants lowered their net short position to 30,659 contracts from 79,658 contracts a week earlier.
The data breaks down the composition of long and short positions across participant types. Commercial short positions accounted for 56.7% of all short positions, while commercial long positions represented 48.3% of all long positions. Conversely, non-commercial short positions made up 43.3% of total short positions, and non-commercial long positions comprised 51.7% of total long positions.
Separate figures for Euronext rapeseed futures and options indicate a modest reduction in non-commercial longs. Non-commercial market participants trimmed their net long position in rapeseed to 62,434 contracts from 64,107 contracts in the prior week.
These weekly position changes are presented in the exchange's release for the period ending May 29 and reflect reported shifts by both commercial and non-commercial traders across the specified Euronext soft commodity contracts.
Data snapshot
- Non-commercial net long in milling wheat: 50,324 contracts (down from 93,833).
- Commercial net short in milling wheat: 30,659 contracts (down from 79,658).
- Commercial share of short positions: 56.7%.
- Commercial share of long positions: 48.3%.
- Non-commercial share of short positions: 43.3%.
- Non-commercial share of long positions: 51.7%.
- Non-commercial net long in rapeseed: 62,434 contracts (down from 64,107).
These figures are drawn directly from the exchange's weekly report on open interest and positioning across participants for the week ending May 29.