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Cache: 2026-10-26T15:30:51Z
COT Positioning — all 23 contracts
Full analysis: books, z windows, twenty years →Positioning dashboard — Managed money (funds and CTAs)
CFTC report 2026-10-20 · net position and its change since the previous report, with the z-score at 6 rolling windows. The 52w column is the one this page is narrating. Select a row to chart it.
| Contract | Net | Change since previous report | Net-position z-score by rolling window — same series, different window | % of OI | Stance | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Contracts | Direction | 13w3m | 26w6m | 52w1.0y | 90w1.7y | 104w2.0y | 156w3.0y | ||||
| Energy | |||||||||||
| WTI Crude Oil | 36,187 | -4387 | trimmed longs | -1.89σ | -2.37σ | -0.66σ | -0.74σ | -0.82σ | -1.08σ | +2.0% | Mildly Short |
| Brent Crude Oil† | 2,849 | +146 | added to longs | -1.00σ | -1.37σ | -1.87σ | -0.62σ | -0.52σ | -0.71σ | +1.2% | Short |
| RBOB Gasoline† | 93,712 | -4196 | trimmed longs | +0.76σ | +1.41σ | +1.50σ | +1.55σ | +1.63σ | +1.76σ | +27.8% | Long |
| Heating Oil (ULSD) | 13,313 | +1239 | added to longs | -0.08σ | +0.50σ | -0.16σ | -0.09σ | +0.19σ | +0.31σ | +4.9% | Mildly Short |
| Natural Gas | -157,409 | -30928 | added to shorts | -1.76σ | -2.13σ | -2.12σ | -1.84σ | -1.78σ | -1.82σ | -9.2% | Very Short |
| Metals | |||||||||||
| Gold | 104,206 | -2883 | trimmed longs | -1.70σ | -0.84σ | -0.51σ | -0.79σ | -0.89σ | -0.76σ | +25.9% | Mildly Short |
| Silver | 3,505 | -2114 | trimmed longs | -2.01σ | -2.79σ | -1.81σ | -1.42σ | -1.54σ | -1.50σ | +3.1% | Short |
| Copper | 47,690 | -13368 | trimmed longs | -2.26σ | -2.51σ | -1.40σ | -0.07σ | +0.16σ | +0.44σ | +14.6% | Short |
| Platinum | 6,589 | -454 | trimmed longs | -1.32σ | -1.11σ | -0.76σ | -0.46σ | -0.39σ | -0.12σ | +9.3% | Mildly Short |
| Palladium | -11,994 | -1295 | added to shorts | -2.12σ | -2.66σ | -2.90σ | -1.78σ | -1.65σ | -1.05σ | -48.1% | Very Short |
| Grains & Oilseeds | |||||||||||
| Corn | 164,423 | -82002 | trimmed longs | -0.98σ | -0.18σ | +0.31σ | +0.59σ | +0.53σ | +0.93σ | +9.0% | Mildly Long |
| Wheat (SRW) | -52,005 | -19450 | added to shorts | -1.90σ | -0.92σ | -0.31σ | +0.22σ | +0.28σ | +0.34σ | -10.1% | Mildly Short |
| Wheat (HRW) | 7,490 | -9855 | trimmed longs | -2.03σ | -1.19σ | -0.03σ | +0.67σ | +0.77σ | +1.04σ | +2.3% | Mildly Short |
| Soybeans | 221,325 | -28482 | trimmed longs | +0.21σ | +0.73σ | +0.88σ | +1.34σ | +1.45σ | +1.64σ | +20.2% | Mildly Long |
| Soybean Oil | 71,518 | -16454 | trimmed longs | -1.79σ | -1.31σ | +0.03σ | +0.32σ | +0.41σ | +0.81σ | +12.5% | Mildly Long |
| Soybean Meal | 200,878 | -3765 | trimmed longs | +0.95σ | +1.40σ | +1.82σ | +2.03σ | +2.20σ | +2.20σ | +31.6% | Long |
| Softs | |||||||||||
| Sugar No. 11 | 264,530 | +4981 | added to longs | +0.80σ | +1.43σ | +2.16σ | +2.50σ | +2.39σ | +2.32σ | +21.9% | Very Long |
| Coffee C | 22,337 | +7067 | added to longs | -0.31σ | -0.41σ | -0.68σ | -0.94σ | -1.03σ | -1.27σ | +13.1% | Mildly Short |
| Cocoa | -8,821 | +3100 | covered shorts | +0.27σ | +0.57σ | +0.11σ | -0.71σ | -0.82σ | -1.04σ | -5.0% | Mildly Long |
| Cotton No. 2 | 60,598 | +2573 | added to longs | -0.67σ | +0.13σ | +0.95σ | +1.49σ | +1.62σ | +1.48σ | +15.1% | Mildly Long |
| Livestock | |||||||||||
| Live Cattle | 51,102 | +2884 | added to longs | -0.55σ | -1.04σ | -1.63σ | -2.21σ | -2.32σ | -1.04σ | +17.6% | Short |
| Feeder Cattle | 10,910 | +1571 | added to longs | +1.45σ | -0.24σ | -0.91σ | -1.21σ | -1.19σ | -0.35σ | +17.6% | Mildly Short |
| Lean Hogs | -46,813 | +1804 | covered shorts | -1.08σ | -0.91σ | -1.30σ | -1.77σ | -1.92σ | -1.84σ | -16.0% | Short |
Scroll sideways for all 6 windows.
Change is this report’s net position minus the previous report’s, both managed-money, long contracts minus short. A positive figure means the category got longer that contract. Each figure carries its own span — hover it — because the CFTC occasionally skips a publication and the gap is then wider than a week.
full-window rolling z on net position in contracts, long minus short; sample standard deviation, dividing by n-1; a window with fewer than its full count of prior reports returns null, never a shorter window relabelled
Source: CFTC Commitments of Traders (Disaggregated), futures-only. Report date 2026-10-20 is the CFTC report date (a Tuesday), not a trade date — the file is published the following Friday at 15:30 Eastern.
WTI Crude Oil — positioning by trader book versus price
Colored lines, left axis: net position by trader book, long minus short, in contracts. Dark line, right axis: WTI Crude Oil price ($/bbl). CFTC report 2026-10-20. Price Yahoo Finance.
WTI Crude Oil net positioning by trader book versus price, 3Y of weekly CFTC reports. WTI Crude Oil price ($/bbl) (weekly, at each CFTC report date, $/bbl): Latest: 102 (20 Oct 2026) | Range: 55.3 to 113 | Trend: rising; Net managed-money position (weekly, contracts): Latest: 36,187 (20 Oct 2026) | Range: -38,154 to 253,879 | Trend: falling; Net producer/merchant position (weekly, contracts): Latest: 359,568 (20 Oct 2026) | Range: 32,197 to 399,298 | Trend: rising; Net swap-dealer position (weekly, contracts): Latest: -475,726 (20 Oct 2026) | Range: -572,558 to -293,886 | Trend: falling. All three books are long contracts minus short from the same CFTC Disaggregated report, so their opposition — the physical book typically on the other side of the fast money — is the picture.Gold — positioning by trader book versus price
Colored lines, left axis: net position by trader book, long minus short, in contracts. Dark line, right axis: Gold price ($/oz). CFTC report 2026-10-20. Price Yahoo Finance.
Gold net positioning by trader book versus price, 3Y of weekly CFTC reports. Gold price ($/oz) (weekly, at each CFTC report date, $/oz): Latest: 4,143 (20 Oct 2026) | Range: 1,967 to 5,242 | Trend: rising; Net managed-money position (weekly, contracts): Latest: 104,206 (20 Oct 2026) | Range: 34,176 to 219,029 | Trend: rising; Net producer/merchant position (weekly, contracts): Latest: -14,783 (20 Oct 2026) | Range: -82,095 to -9,336 | Trend: rising; Net swap-dealer position (weekly, contracts): Latest: -220,799 (20 Oct 2026) | Range: -264,731 to -118,680 | Trend: falling. All three books are long contracts minus short from the same CFTC Disaggregated report, so their opposition — the physical book typically on the other side of the fast money — is the picture.Corn — positioning by trader book versus price
Colored lines, left axis: net position by trader book, long minus short, in contracts. Dark line, right axis: Corn price ($/bu). CFTC report 2026-10-20. Price Yahoo Finance.
Corn net positioning by trader book versus price, 3Y of weekly CFTC reports. Corn price ($/bu) (weekly, at each CFTC report date, $/bu): Latest: 4.62 (20 Oct 2026) | Range: 3.67 to 5.37 | Trend: falling; Net managed-money position (weekly, contracts): Latest: 164,423 (20 Oct 2026) | Range: -356,415 to 414,460 | Trend: rising; Net producer/merchant position (weekly, contracts): Latest: -528,744 (20 Oct 2026) | Range: -800,143 to 48,600 | Trend: falling; Net swap-dealer position (weekly, contracts): Latest: 267,664 (20 Oct 2026) | Range: 179,592 to 353,135 | Trend: rising. All three books are long contracts minus short from the same CFTC Disaggregated report, so their opposition — the physical book typically on the other side of the fast money — is the picture.Coffee C — positioning by trader book versus price
Colored lines, left axis: net position by trader book, long minus short, in contracts. Dark line, right axis: Coffee C price ($/lb). CFTC report 2026-10-20. Price Yahoo Finance.
Coffee C net positioning by trader book versus price, 3Y of weekly CFTC reports. Coffee C price ($/lb) (weekly, at each CFTC report date, $/lb): Latest: 3.11 (20 Oct 2026) | Range: 1.67 to 4.22 | Trend: rising; Net managed-money position (weekly, contracts): Latest: 22,337 (20 Oct 2026) | Range: 11,863 to 72,818 | Trend: rising; Net producer/merchant position (weekly, contracts): Latest: -27,083 (20 Oct 2026) | Range: -76,478 to -9,308 | Trend: rising; Net swap-dealer position (weekly, contracts): Latest: 5,320 (20 Oct 2026) | Range: -27,112 to 27,712 | Trend: falling. All three books are long contracts minus short from the same CFTC Disaggregated report, so their opposition — the physical book typically on the other side of the fast money — is the picture.Metals
Agriculture
Indices & Bulk
Gold & Silver Futures
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