Noncommercial Trader

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Noncommercial Trader

A trader on a futures exchange who conducts transactions on commodities for speculative reasons. That is, if a noncommercial trader buys a futures contract for corn, he/she will not need the corn for his/her business purposes when the contract matures. Rather, the trader enters that contract to profit from the movement of price in the meantime. A noncommercial trader may be an individual, but is often an institutional investor such as a hedge fund. The term "noncommercial trader" is used by the CFTC.
References in periodicals archive ?
The Commitments of Traders Futures and Options report as of October 2nd for Silver showed Non-Commercial traders were net long 42,948 contracts, an increase of 4,748 contracts.
Data from the CFTC show non-commercial traders have poured back into oil futures with net-long open interest on the NYMEX reaching an all-time high in October 2009.
Futures positioning shows that Non-Commercial traders (typically large speculators) had become extremely net-long the Euro against the US Dollar.
Informa") and CME Group - all of which concluded that there is no causality between market participation of index funds and non-commercial traders and wheat price levels or cash market convergence at expiration.
With non-commercial traders continuing to hold a sizeable net-short position and some market watchers believing that the four-month-long downtrend is still intact, the question now becomes how much longer can the trend continue before it shows signs of cracking.
The Commitments of Traders reports as of September 18th showed Non-Commercial traders were net long 214,309 contracts, a decrease of 19,493 contracts for the week and the long-liquidation selling trend is seen as a short-term negative force.
The Commitments of Traders reports as of September 18th showed Non-Commercial traders were net long 323,841 contracts, a decrease of 13,001 contracts for the week and the long-liquidation selling trend is seen as a short-term negative force.
DailyFX Forex Options Weekly Forecast Futures positioning shows that Non-Commercial traders (typically large speculators) have become extremely net-long the Euro against the US Dollar.
The Commitments of Traders Futures and Options report as of September 18th for Gold showed Non-Commercial traders were net long 221,267 contracts, an increase of 17,344 contracts.
COT data showed that Non-Commercial traders remained heavily net-long the EURUSD through recent trade, but they are actually still marginally net-short the GBPUSD as of August 4.
The Commitments of Traders reports as of September 18th showed Non-Commercial traders were net long 20,697 contracts, a decrease of 5,094 contracts for the week and the long liquidation selling trend was seen as a short-term negative force.
Typically these non-commercial traders are trend-followers, and it is surprising that they would be so net-short the USDJPY as it has recently rallied.
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