Financial investors extend net long position in Euronext wheat

Oct 14 (Reuters) — Non-commercial market participants raised their net long position in Euronext's milling wheat futures and options to 177,456 contracts in the week to October 9, from 177,228 a week earlier, data published by Euronext on Wednesday showed. Non-commercial participants include investment funds and financial institutions, while commercial participants are typically trade users hedging physical market exposure. Key Details • Commercial participants cut their net short position in milling wheat to 185,280 contracts from 185,645 a week earlier. • Commercials' short positions accounted for 65.5% of total short positions, while their long positions accounted for 39.2% of total long positions. • Non-commercial short positions represented 34.5% of total short positions, while non-commercial long positions accounted for 60.8% of total long positions. • In Euronext rapeseed futures and options, non-commercial market participants reduced their net long position to 45,897 contracts from 57,226 a week earlier. • Commercial participants cut their net short position in rapeseed to 48,053 contracts from 59,741 a week earlier. • Euronext's position data for commodity trading, which a