COT positioning this week

The CFTC's Commitments of Traders report, market by market: how large speculators and commercial hedgers are positioned in futures, and how that compares with the last three years. Report of 20 Oct 2026 (positions as of that Tuesday, published the following Friday).

Positioning by market

356 markets
Market Speculators net Weekly change Commercials net COT Index Bias
10 Year Eris Sofr Swap −57,018 −4,603 +57,088 22 Bearish
1k Shib Perp −633 +0 +0 12 Strongly bearish
2 Year Eris Sofr Swap +21,418 +478 −21,434 100 Strongly bullish
3 Year Eris Sofr Swap +23,231 −150 −23,205 68 Bullish
5 Year Eris Sofr Swap +25,409 +1,839 −25,330 87 Strongly bullish
7 Year Eris Sofr Swap +7,194 +121 −7,178 8 Strongly bearish
Adjusted Int Rate S&P 500 Totl +18,244 +5,283 −13,516 62 Bullish
Aeco Fin Basis +14,171 −784 −27,065 64 Bullish
Aep Dayton Hub Da Peak Daily +500 −2,700 −500 45 Neutral
Algonquin Citygates Basis −5,743 −182 +10,348 37 Bearish
Aluminium Euro Prem Duty-Paid −600 +82 +396 66 Bullish
Aluminum Mwp −1,032 +40 +1,155 22 Bearish
Argus Cif Ara Lg Finl Propane +743 −8 −619 92 Strongly bullish
Argus Far East Propane +1,063 −133 −1,975 84 Strongly bullish
Argus Propane Far East Index +970 −3 −1,260 76 Bullish
Australian Dollar −127,292 −9,993 +114,925 0 Strongly bearish
Avalanche −158 +0 +0 83 Strongly bullish
Avalanche Perp Style −1,153 +77 +0 28 Bearish
Bbg Commodity −17,100 −417 +16,699 65 Bullish
Bitcoin +2,418 −116 −2,725 77 Bullish
Bitcoin Cash Perp Style +265 +70 −533 56 Neutral
Bloomberg Ig Credit Futures −465 −3 +484 30 Bearish
Brazilian Real +32,518 −14,200 −36,984 64 Bullish
Brent Last Day −34,843 +4,229 +29,716 31 Bearish
British Pound −80,420 +26,544 +95,508 11 Strongly bearish
Butane Opis Mt Belv Nontet Fp +2,089 −509 −1,888 52 Neutral
Butane,opis Mt B, Nontet Fix +133 −29 +1 19 Strongly bearish
Butter (Cash Settled) −8,799 −386 +8,182 0 Strongly bearish
Caiso Np-15 Da Off-Pk Fixed −4,270 +190 +3,966 69 Bullish
Caiso Np-15 Peak −6,506 +477 +6,466 64 Bullish
Caiso Sp-15 Da Off-Pk Fixed −14,658 −279 +14,443 43 Neutral
Caiso Sp-15 Peak 0900-1600 He +4,281 +479 −4,211 100 Strongly bullish
Calif Carbon All Vintage 2026 +80,735 −7,377 −80,842 82 Strongly bullish
Calif Carbon All Vintage 2027 +29,189 +6,311 −29,255 100 Strongly bullish
Calif Carbon Allowance V2026 −1,669 +5 +1,661 0 Strongly bearish
Calif Carbon Current Auction −8,491 +891 +8,476 94 Strongly bullish
Calif Low Carbon Fsc-Opis +39,486 −717 −39,501 47 Neutral
Canadian Dollar −74,709 +20,056 +86,848 52 Neutral
Canola +61,674 −34,940 −61,259 74 Bullish
Cardona Perp Style −1,571 +113 +0 5 Strongly bearish
Cg Mainline Basis −8,574 −1,554 +8,313 62 Bullish
Cg-Mainline Financial Index −3,739 −755 +3,837 54 Neutral
Chainlink Perp Style +564 +1,993 −1,846 100 Strongly bullish
Cheese (Cash-Settled) −11,950 −1,163 +11,422 0 Strongly bearish
Chicago Citygate (Index) −6,261 +946 +6,719 45 Neutral
Chicago Fin Basis +16,843 +2,346 −5,940 87 Strongly bullish
Cig Rockies Basis −79,150 −4,702 +76,280 53 Neutral
Cig Rockies Financial Index −27,988 −86 +26,433 9 Strongly bearish
Cme Milk Iv +6,981 +135 −6,111 83 Strongly bullish
Cobalt −986 −318 +1,129 80 Strongly bullish
Cocoa −7,077 +1,659 +5,363 15 Strongly bearish
Coffee C +20,132 +6,596 −21,763 45 Neutral
Condensate Dif-Tmx C5 1a Index +0 +0 +15 8 Strongly bearish
Conway Propane (Opis) −1,036 +182 +270 11 Strongly bearish
Copper- #1 +57,397 −11,123 −64,296 73 Bullish
Corn +286,689 −71,678 −261,080 68 Bullish
Cotton No. 2 +94,521 +214 −100,837 82 Strongly bullish
Crude Diff-Tmx Sw 1a Index −140 +155 +175 30 Bearish
Crude Diff-Tmx Wcs 1a Index −16,075 +2,945 +16,100 19 Strongly bearish
Crude Diff-Wcs Houston/Wti 1st +16,921 +4,365 −16,971 100 Strongly bullish
Crude Oil, Light Sweet-Wti −23,995 −1,092 +23,780 15 Strongly bearish
Ct Recs Class 1 +646 +0 −646 52 Neutral
D4 Biodiesel Rins Opis Curr Yr +2,297 +440 −2,372 48 Neutral
D6 Rins Opis Current Year +5,968 +1,171 −6,067 79 Bullish
Djia Consolidated +7,856 −1,865 −10,323 71 Bullish
Dogecoin Perp Style −2,170 +1,215 +0 37 Bearish
Dominion +5,526 −1,990 −10,802 46 Neutral
Dominion +16,832 +480 −16,064 50 Neutral
Dow Jones U.s. Real Estate Idx −1,167 +852 +53 39 Bearish
Dry Whey −2,104 −179 +1,929 37 Bearish
E-Mini S&P 400 Stock Index +6,175 +757 −10,223 61 Bullish
E-Mini S&P Communication Index +1,613 +34 −1,883 73 Bullish
E-Mini S&P Consu Staples Index −186 −448 −416 75 Bullish
E-Mini S&P Energy Index +2,106 −1,620 −5,032 77 Bullish
E-Mini S&P Financial Index +1,940 +87 −2,890 45 Neutral
E-Mini S&P Health Care Index +3,791 −290 −5,416 68 Bullish
E-Mini S&P Industrial Index +1,088 −151 −1,460 50 Neutral
E-Mini S&P Materials Index +1,848 +1,168 −1,557 88 Strongly bullish
E-Mini S&P Technology Index +2,097 +557 −4,374 85 Strongly bullish
E-Mini S&P Utilities Index −532 +734 −798 32 Bearish
Emini Russell 1000 Value Index −13,622 +313 +12,094 7 Strongly bearish
Ep San Juan Basis −3,164 +819 −1,776 8 Strongly bearish
Ercot −10,091 −1,424 +9,977 0 Strongly bearish
Ercot Houston 345kv Hub Rt 7x8 +75 +0 +45 13 Strongly bearish
Ercot Houston 345kv Rt Off Fix +10,924 +324 −11,443 91 Strongly bullish
Ercot Houston 345kv Rt Pk Fix +10,149 +324 −10,713 92 Strongly bullish
Ercot N 345kv Real T Pk 2x16 +5,628 −87 −6,200 92 Strongly bullish
Ercot N 345kv Real T Pk Daly M −855 −320 +840 32 Bearish
Ercot North 345k Rt Offpk Dly +552 −688 −136 38 Bearish
Ercot North 345kv Da Pk Dly Fi −1,550 −50 +1,402 82 Strongly bullish
Ercot North 345kv Hub Rt 7x16 −2,255 +0 +2,015 23 Bearish
Ercot North 345kv Hub Rt 7x8 +132,870 +376 −133,370 97 Strongly bullish
Ercot North 345kv Rt Pk Fix +72,603 −642 −73,150 76 Bullish
Ercot South 345 Kv Rt Peak Fix −3,305 +0 +3,432 70 Bullish
Ercot West 345k Rt Off-Peak −2,602 +600 +2,861 91 Strongly bullish
Ercot West 345kv Rt Peak −2,827 +600 +3,111 92 Strongly bullish
Ercot-South Monthly Offpeak −3,305 +0 +3,432 68 Bullish
Ercot.hb_north_month_7x8_rtp +6,475 +0 −6,655 20 Bearish
Ercot.hb_north_month_off_rtp −1,055 +250 +1,442 86 Strongly bullish
Ercot.hb_north_month_on_rtp −80 +250 +440 30 Bearish
Ethane, Mt. Belv-Enterprise +7,869 −2,840 −8,069 71 Bullish
Ethanol +8,359 −321 −8,862 85 Strongly bullish
Ethanol T2 Fob Incl Duty +149 +0 −146 77 Bullish
Ether Cash Settled +1,947 −460 −2,227 51 Neutral
Euro Fx −134,524 +3,049 +104,895 1 Strongly bearish
Euro Fx/British Pound Xrate −2,401 −1,179 −4,573 52 Neutral
Euro Fx/Japanese Yen Xrate +1,902 +267 −5,116 67 Bullish
Euro Short Term Rate −14,255 +83 +14,169 2 Strongly bearish
Fed Funds +307,293 +227,102 −314,872 99 Strongly bullish
Feeder Cattle −487 +730 +3,286 22 Bearish
Frzn Concentrated Orange Juice +237 −235 −388 26 Bearish
Fuel Oil-3% Usgc/3.5% Fob Rdam −5,328 −1,055 +5,308 31 Bearish
Gasoline Rbob +69,589 −5,872 −81,044 64 Bullish
Gold +199,865 −8,014 −235,582 56 Neutral
Gulf # 6 Fuel Oil Crack +684 −630 −674 86 Strongly bullish
Gulf Coast Cbob Gas A2 Pl Rbob +1,945 +425 −351 88 Strongly bullish
Gulf Jet Ny Heat Oil Spr +0 +0 −326 22 Bearish
Hedera Perp Style −611 +1 +0 49 Neutral
Henry Hub +262,172 −2,791 −262,882 93 Strongly bullish
Henry Hub Basis +19,369 −5,166 −20,149 61 Bullish
Henry Hub Index +11,588 −3,571 −11,802 68 Bullish
Henry Hub Last Day Fin +8,054 −3,157 −25,953 6 Strongly bearish
Henry Hub Penultimate Fin −7,467 −2,962 +8,154 68 Bullish
Henry Hub Penultimate Nat Gas −2,279 +685 −4,507 74 Bullish
Houston Ship Channel (Index) −153,929 +9,900 +154,601 27 Bearish
Hsc Fin Basis −116,142 +18,689 +115,973 50 Neutral
Iso Ne Mass Hub Da Off-Pk Fixd −1,476 −2,020 +1,333 63 Bullish
Iso Ne Mass Hub Da Peak −4,929 −2,353 +4,844 43 Neutral
Isobutane Opis Mt Belv Nontet −684 −36 +1,162 35 Bearish
Isone.h.internal_hb_mo_off_dap +9,983 +636 −9,521 86 Strongly bullish
Isone.h.internal_hub_mo_on_dap +10,627 +600 −10,352 86 Strongly bullish
Japanese Yen +69,878 +19,671 −71,087 70 Bullish
Lean Hogs −76,730 +5,057 +76,013 3 Strongly bearish
Litecoin Perp Style +203 +312 −866 100 Strongly bullish
Lithium Hydroxide −6,389 −636 +6,644 65 Bullish
Live Cattle +30,730 +4,404 −22,995 11 Strongly bearish
Lumber −5,510 +251 +5,178 3 Strongly bearish
Malin (Basis) −6,436 +3,437 −1,692 24 Bearish
Maryland Compliance Rec Tier1 −3,542 +0 +3,542 57 Neutral
Maryland Solar Rec +12,100 +2,000 −12,100 100 Strongly bullish
Mass Compliance Recs Class 1 −10,990 +0 +10,890 0 Strongly bearish
Mexican Peso +17,023 +1,781 −17,826 40 Bearish
Michcon Basis −16,022 −1,608 +14,219 43 Neutral
Michcon Financial Index −2,636 −60 +1,685 40 Neutral
Micro Bitcoin −4,508 +855 +15 17 Strongly bearish
Micro E-Mini Russell 2000 Indx +54,787 +9,017 −6,867 100 Strongly bullish
Micro Ether −1,043 −139 −457 20 Bearish
Micro Gold −25,679 +2,379 +7,999 26 Bearish
Micro Sol −284 +35 +0 78 Bullish
Mid-C Day-Ahead Off-Peak +1,882 +226 −2,437 78 Bullish
Mid-C Day-Ahead Peak −1,956 −59 +1,517 24 Bearish
Milk, Class Iii −11,495 +1,610 +13,630 7 Strongly bearish
Mini Soybeans +20,634 +83 −5,716 67 Bullish
Miso In. Day-Ahead Peak −2,197 −46 +1,868 55 Neutral
Miso In. Real-Time Off-Peak −3,193 −1,640 +3,436 58 Neutral
Miso Indiana Off-Peak −9,080 +10 +8,757 19 Strongly bearish
Miso Indiana Hub Rt Peak −5,130 −250 +5,231 43 Neutral
Miso.indiana.hub_month_off_dap −1,491 +300 +1,683 20 Strongly bearish
Miso.indiana.hub_month_off_rtp −1,460 +0 +1,390 91 Strongly bullish
Miso.indiana.hub_month_on_dap −2,121 +300 +2,313 15 Strongly bearish
Miso.indiana.hub_month_on_rtp −1,075 +200 +570 78 Bullish
Msci Eafe −5,793 −7,264 −675 61 Bullish
Msci Em Index +25,825 +8,313 −38,998 48 Neutral
Mt Belv Nat Gasoline Opis −592 −775 +1,649 17 Strongly bearish
Mt Belv Norm Butane Opis +2,891 +588 −2,535 52 Neutral
Mt Belvieu Ethane Opis +3,132 +318 −3,045 40 Neutral
Nano Bitcoin +7,291 −165 −25 97 Strongly bullish
Nano Bitcoin Perp Style +36,788 +24,828 −13,523 100 Strongly bullish
Nano Ether −643 −21 +0 16 Strongly bearish
Nano Ether Perp Style +49,026 +7,162 −10,568 84 Strongly bullish
Nano Solana −293 −23 −29 92 Strongly bullish
Nano Solana Perp Style +6,428 −148 +962 40 Neutral
Nano Xrp −438 −122 +0 93 Strongly bullish
Nano Xrp Perp Style −924 −2,331 +225 24 Bearish
Nasdaq-100 Consolidated +46,885 +4,551 −63,199 93 Strongly bullish
Nat Gas Ice Ld1 −124,139 −124,990 +97,662 8 Strongly bearish
Nat Gas Ice Pen −113,923 +432 +113,904 54 Neutral
Nat Gas Ld1 For Gdd -Texok −18,941 −300 +19,385 0 Strongly bearish
Nat Gas Nyme −241,272 −7,694 +222,969 0 Strongly bearish
Nat Gaslne Opis Mt B Nontet Fp −3,787 −142 +4,632 10 Strongly bearish
Natural Gas Index: Ep San Juan +868 +0 −705 82 Strongly bullish
Nepool Dual Recs Class 1 −6,481 +0 +6,556 1 Strongly bearish
New Jersey Recs Class 2 V2027 +1,775 +0 −1,775 0 Strongly bearish
New Jersey Recs Class 2 V2028 −356 −500 +356 0 Strongly bearish
Ngpl Midcont Basis +0 +0 +1,074 65 Bullish
Ngpl Txok Basis −66,913 +9,419 +70,768 29 Bearish
Nikkei Stock Average Yen Denom +2,245 −463 +5,563 43 Neutral
Nj Compliance Recs Class 1 +3,788 +0 −3,789 0 Strongly bearish
Nj Srecs −14,337 +1,377 +14,337 22 Bearish
Nng Ventura Basis −1,984 −93 −11,911 65 Bullish
Non Fat Dry Milk −6,138 −458 +5,254 0 Strongly bearish
North Euro Hot-Roll Coil Steel +487 +100 −566 9 Strongly bearish
Nwp Rockies Fin Basis +19,663 −429 −18,278 85 Strongly bullish
Nwp Rockies Index −1,209 +0 +2,735 55 Neutral
Ny Harbor Ulsd +13,028 −1,725 −30,397 61 Bullish
Nyiso Zone A Da Off-Pk Fix Pr −5 −620 −493 37 Bearish
Nyiso Zone A Da Peak −2,349 −681 +1,922 29 Bearish
Nyiso Zone G Da Off-Pk −4,380 −60 +4,143 0 Strongly bearish
Nyiso Zone G Da Peak −3,962 +143 +3,492 28 Bearish
Nyiso Zone J Da Off-Pk Fixed +639 +0 −1,097 78 Bullish
Nyiso Zone J Da Peak +453 +0 −746 79 Bullish
Nyiso.centrl_month_off_dap +9,950 +210 −10,950 68 Bullish
Nyiso.centrl_month_on_dap +11,184 +210 −12,161 73 Bullish
Nyiso.hud Vl_month_off_dap −5,998 +240 +5,865 67 Bullish
Nyiso.hud Vl_month_on_dap −5,585 +220 +5,562 60 Neutral
Nyiso.n.y.c._month_off_dap +1,415 +300 −2,359 89 Strongly bullish
Nyiso.n.y.c._month_on_dap +1,535 +300 −2,276 98 Strongly bullish
Nyiso.west_month_off_dap −3,008 −745 +2,835 4 Strongly bearish
Nyiso.west_month_on_dap −3,900 −745 +3,569 39 Bearish
Nz Dollar −58,149 −11,148 +60,422 7 Strongly bearish
Oats +1,032 +273 −1,834 61 Bullish
Pa Compliance Aecs Tier1 −4,217 +420 +4,237 17 Strongly bearish
Pa Solar Alter Energy Credit +14,200 +0 −14,200 97 Strongly bullish
Palladium −9,133 −1,055 +8,123 32 Bearish
Palo Verde Da Off-Pk Fixed Pr +4,526 +172 −4,388 100 Strongly bullish
Palo Verde Da Peak +617 −199 −662 47 Neutral
Panhandle Basis +10,236 +1,815 −20,592 63 Bullish
Pennsylvania Aec Tier 2-V2027 −3,506 −250 +3,506 40 Bearish
Pennsylvania Aec Tier 2-V2028 −5,359 −200 +5,359 8 Strongly bearish
Pg&E −1,958 +0 −1,613 17 Strongly bearish
Pg&E Citygate Fin Basis −525 −52 −3,833 16 Strongly bearish
Pgp Propylene (Pcw) Cal −2,585 +75 +2,541 22 Bearish
Pjm Aep Dayton Da Peak +6,073 −54 −7,099 94 Strongly bullish
Pjm Aep Dayton Hub Da Off-Pk +7,501 +1,040 −8,221 98 Strongly bullish
Pjm Aep Dayton Rt Off-Pk Fixed +20,594 +1,701 −20,646 100 Strongly bullish
Pjm Aep Dayton Rt Peak Fixed +20,166 +1,491 −20,728 100 Strongly bullish
Pjm N. Il Hub Da Off-Pk +2,350 +649 −2,260 87 Strongly bullish
Pjm N. Il Hub Da Peak +2,956 +609 −2,893 95 Strongly bullish
Pjm N. Il Hub Rt Peak +29,235 −299 −29,831 99 Strongly bullish
Pjm Ni Hub Rt Off-Pk Fixed +48,929 +2,089 −49,047 77 Bullish
Pjm Pseg Dap −1,058 −1,209 +585 93 Strongly bullish
Pjm Tri-Recs Class 1 −19,186 +3,615 +19,186 20 Strongly bearish
Pjm Western Hub Da Off-Pk +12,734 −1,334 −12,565 78 Bullish
Pjm Western Hub Da Peak +11,837 −2,622 −11,638 73 Bullish
Pjm Western Hub Rt Off +63,987 −181 −65,396 63 Bullish
Pjm Western Hub Rt Peak Mini −15,845 −4,858 +15,498 16 Strongly bearish
Pjm.aep-Dayton Hub_mo_off_dap +21,856 −590 −21,162 90 Strongly bullish
Pjm.aep-Dayton Hub_mo_off_rtp −6,478 +45 +6,073 0 Strongly bearish
Pjm.aep-Dayton Hub_mo_on_dap +19,301 −590 −18,557 90 Strongly bullish
Pjm.aep-Dayton Hub_mo_on_rtp +1,122 −40 −1,295 18 Strongly bearish
Pjm.aep_month_off_dap −2,876 +0 +2,427 41 Neutral
Pjm.aep_month_on_dap −2,876 +0 +2,412 40 Bearish
Pjm.aps_month_off_dap +672 −185 −1,632 62 Bullish
Pjm.aps_month_on_dap +896 −185 −1,871 23 Bearish
Pjm.atsi_month_off_dap +6,297 +0 −6,292 98 Strongly bullish
Pjm.atsi_month_on_dap +6,297 +0 −6,292 98 Strongly bullish
Pjm.bge_month_off_dap +885 −130 −755 72 Bullish
Pjm.bge_month_on_dap +895 −130 −750 71 Bullish
Pjm.dom_month_off_dap −1,160 +0 +1,315 18 Strongly bearish
Pjm.dom_month_on_dap −1,160 +0 +1,390 16 Strongly bearish
Pjm.jcpl_month_off_dap −1,060 +0 −175 0 Strongly bearish
Pjm.jcpl_month_on_dap −2,445 +0 +1,610 0 Strongly bearish
Pjm.meted_month_off_dap −446 −90 −808 67 Bullish
Pjm.meted_month_on_dap −446 −90 −778 68 Bullish
Pjm.n Illinois Hub_mo_off_dap +2,575 +75 −2,516 60 Bullish
Pjm.n Illinois Hub_mo_off_rtp +3,904 +490 −4,196 51 Neutral
Pjm.n Illinois Hub_mo_on_dap +2,635 +75 −2,576 26 Bearish
Pjm.n Illinois Hub_mo_on_rtp +1,345 +490 −1,532 53 Neutral
Pjm.peco_month_off_dap +14,988 +0 −15,107 41 Neutral
Pjm.peco_month_on_dap +14,918 +0 −15,117 43 Neutral
Pjm.penelec_month_on_dap +3,930 +0 −4,446 25 Bearish
Pjm.pepco_month_off_dap −4,794 +75 +4,221 53 Neutral
Pjm.pepco_month_on_dap −4,794 +75 +4,221 52 Neutral
Pjm.ppl_month_off_dap −930 −1,065 +379 15 Strongly bearish
Pjm.ppl_month_on_dap −1,415 −1,590 +851 13 Strongly bearish
Pjm.pseg_month_off_dap −39 −345 −569 69 Bullish
Pjm.western Hub Dap −2,766 +3,363 +2,990 100 Strongly bullish
Pjm.western Hub_month_off_dap −10,875 +1,974 +11,229 75 Bullish
Pjm.western Hub_month_off_rtp −792 −189 +246 26 Bearish
Pjm.western Hub_month_on_rtp −5,666 −354 +5,550 27 Bearish
Platinum +13,162 +189 −15,694 47 Neutral
Polkadot Perp Style −300 +92 +0 70 Bullish
Propane +824 +13,288 −853 86 Strongly bullish
Propane Argus Cif Ara Mini −4,393 −133 +4,278 0 Strongly bearish
Propane Argus Far East Mini −732 +30 +715 46 Neutral
Propane Argus Saudi Cp Fp +313 −25 −1,366 24 Bearish
Propane Non-Ldh Mt Bel +2,339 −739 −2,216 8 Strongly bearish
Propane Opis Conway Inwell Fp +1,547 −70 −1,397 84 Strongly bullish
Propane Opis Mt Belv Nontet Fp +18,664 +1,561 −18,057 31 Bearish
Propane Opis Mt Belvieu Tet Fp −11,535 +757 +11,684 59 Neutral
Propane,opis Mt B Tet/Afei −1,063 −77 +1,081 24 Bearish
Rex Zone 3 Basis +22,656 +1,096 −23,103 43 Neutral
Rex Zone 3 Index +1,616 −1,185 −1,198 34 Bearish
Rggi V2026 +9,741 −117 −9,776 72 Bullish
Rggi V2027 −9,961 −540 +9,996 68 Bullish
Rough Rice +3,636 +140 −5,286 83 Strongly bullish
Russell 2000 Annual Dividend −4,552 −635 +4,367 0 Strongly bearish
Russell E-Mini −41,909 +19,094 +34,521 53 Neutral
S&P 500 Annual Dividend Index +72,212 +8,789 −73,739 24 Bearish
S&P 500 Consolidated −143,277 −568 +34,686 51 Neutral
S&P 500 Quarterly Dividend Ind +8,542 −19 −8,537 78 Bullish
Silver +19,795 −2,836 −37,176 41 Neutral
So African Rand +12,928 +418 −14,053 61 Bullish
Socal (Index) +2,954 +600 −3,106 34 Bearish
Socal Border Fin Basis +6,122 −192 −9,447 15 Strongly bearish
Sofr-1m −14 +26,579 +74 78 Bullish
Sofr-3m −2,415,267 +19,123 +2,414,401 18 Strongly bearish
Sol +618 −86 −726 38 Bearish
Sonat +4,233 −479 −7,567 46 Neutral
Soybean Meal +206,000 −11,302 −229,210 95 Strongly bullish
Soybean Oil +81,627 −27,696 −93,393 64 Bullish
Soybeans +246,596 −24,503 −221,638 93 Strongly bullish
Sp15 Fin Da Peak Fixed −11,319 +28 +10,838 33 Bearish
Steel-Hrc +7,452 −1,402 −7,718 81 Strongly bullish
Stellar Perp Style −1,586 −171 +0 0 Strongly bearish
Sugar No. 11 +228,816 +1,842 −286,564 90 Strongly bullish
Sui Perp Style −1,533 +152 +0 16 Strongly bearish
Swiss Franc −18,150 +3,928 +34,017 64 Bullish
Tco Basis +1,726 −61 −2,181 88 Strongly bullish
Tetco M2 Basis (Receipts) +39,703 −334 −44,714 99 Strongly bullish
Tetco M2 Index (Receipts) +1,213 +120 −1,649 52 Neutral
Tetco M3 Basis −826 −814 −4,295 35 Bearish
Tetco M3 Index −2,223 +120 +2,129 16 Strongly bearish
Tetco Wla Basis −20,442 +0 +20,433 100 Strongly bullish
Tgt Zone 1 Basis +2,600 +950 +3,232 50 Neutral
Transco Leidy Basis +13,707 +0 −13,371 100 Strongly bullish
Transco Station 85-Zone 4 Basi +15,375 −6,874 −22,019 14 Strongly bearish
Transco Stn 85 Monthly Index +5,236 +56 −4,529 52 Neutral
Transco Zone 5 South Basis +6,150 −313 −9,118 27 Bearish
Transco Zone 6 Basis −14,057 +222 +13,352 29 Bearish
Transco Zone 6 Monthly Index −5,080 +574 +6,851 16 Strongly bearish
Tx Rec Crs V26 Back Half −5,290 +0 +5,302 15 Strongly bearish
Tx Rec Crs V27 Back Half −4,278 −450 +4,278 3 Strongly bearish
Tx Rec Crs V27 Front Half −2,136 +0 +2,177 47 Neutral
Tx Rec Crs V28 Back Half −1,901 −400 +1,916 8 Strongly bearish
Tx Rec Crs V28 Front Half −3,036 −700 +3,065 0 Strongly bearish
Tx Rec Crs V29 Back Half −1,834 +0 +1,834 38 Bearish
Tx Rec Crs V29 Front Half −1,111 +0 +1,117 40 Bearish
Tx Rec Crs V30 Back Half −1,722 +5 +1,734 20 Strongly bearish
Tx Rec Crs V30 Front Half −1,398 +0 +1,424 12 Strongly bearish
Tx Rec Crs V31 Back Half −950 +5 +965 26 Bearish
Tx Rec Crs V31 Front Half −621 +0 +597 30 Bearish
Ultra Ust 10y −149,347 +63,134 +193,616 57 Neutral
Ultra Ust Bond −375,161 −53,564 +366,826 30 Bearish
Usd Index +15,044 +2,125 −17,014 51 Neutral
Usd Malaysian Crude Palm Oil C −2,104 +40 +2,084 60 Bullish
Usgc Hsfo (Platts) +6,482 +885 −6,439 44 Neutral
Usgc Hsfo-Platts/Brent 1st Ln −4,117 +387 +4,211 23 Bearish
Ust 10y Note −964,293 +23,809 +930,819 17 Strongly bearish
Ust 2y Note −856,783 +54,796 +815,655 51 Neutral
Ust 5y Note −1,074,109 +6,095 +1,038,989 62 Bullish
Ust Bond −68,419 +58,019 +20,686 60 Neutral
Vix Futures −96,509 −54 +98,577 18 Strongly bearish
Waha Fin Basis −47,630 +2,394 +46,069 35 Bearish
Waha Index −11,270 +0 +12,472 52 Neutral
Washington Carbon All V2026 +915 +86 −871 84 Strongly bullish
Wheat-Hrspring +5,093 −4,825 −4,638 58 Neutral
Wheat-Hrw +2,327 −7,474 +1,191 56 Neutral
Wheat-Srw −29,270 −11,664 +29,782 56 Neutral
Wti Houston Argus/Wti Balmo −2,020 −4,190 +350 10 Strongly bearish
Wti Houston Argus/Wti Tr Mo −61,874 −530 +71,699 22 Bearish
Wti Crude Oil 1st Line −6,333 −1,494 +6,087 6 Strongly bearish
Wti Financial Crude Oil +45,252 +2,142 −27,390 92 Strongly bullish
Wti Midland Argus Vs Wti Trade +8,599 −3,857 −1,584 29 Bearish
Wti-Physical +89,325 −11,018 −116,158 15 Strongly bearish
Xrp +1,241 +12 −1,223 81 Strongly bullish

Reading the COT report

Speculators (non-commercials) are funds and large traders positioned for profit. Commercials hedge real exposure, such as an exporter's currency income, and are often positioned against the crowd at turning points.

The COT Index places the speculators' current net position within its range over the last three years: 0 is the most short and 100 the most long they have been. Readings near either end mean positioning is stretched; they say nothing on their own about when price will turn.

Positions are taken on Tuesday and published by the CFTC on Friday, so the report is always a few days old. Raw data: CFTC Commitments of Traders.

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Market data for information and education, not investment advice. Trading carries a high risk of loss.