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.

Morning Silver Market Report 10/8

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.

The Oil Price Prospects

The 2006 trading losses of MotherRock and later Amaranth have produced a similar downturn in non-commercial traders' enthusiasm.

Natural gas is all about control

Weekly slaughter came in at 623,000 head for the week which is down 5.9% from last year.The Commitments of Traders reports as of September 18th showed Non-Commercial traders were net long 59,881 contracts, an increase of 11,581 contracts for the week and the buying trend from funds is seen as a positive force.

Morning Cattle Market Report 9/24

The Commitments of Traders reports as of September 18th showed Non-Commercial traders were net long 53,675 contracts, an increase of 835 contracts for the week.

Pre-Opening Wheat Market Report 9/24

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.

Morning Hog Market Report 9/24

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.

Pre-Opening Soy Complex Market Report 9/24

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.