Commodities Daily

WTI 81.08 (-1.96%), Brent 86.79 (-1.99%); silver and PGMs sold

Energy breadth was 0-up/3-down as WTI fell 1.96% to 81.08, Brent 1.99% to 86.79 and natural gas 1.79% to 2.75, with heating oil unchanged at 4.33. Precious breadth was 0-up/3-down, silver -2.52% to 64.58, platinum -3.23% to 1718.5 and palladium -4.64% to 1320.0. Soybeans rose 1.57% to 11.83 and sugar 2.01% to 0.1675 while copper eased 0.21% to 6.583.

close 13 AugCOT report 04 Augbuilt 14 Aug 11:47 UTC
Cross-section

All 23 markets

MarketLast1d1wNet (MM)z 52w
Energy
WTI Crude Oil81.08-1.96%+1.64%86,958+0.95
Brent Crude Oil86.79-1.99%-0.95%6,691-0.98
RBOB Gasoline2.86——69,885+0.41
Heating Oil (ULSD)4.33+0.00%+10.74%11,097-0.58
Natural Gas2.75-1.79%+7.42%-126,933-1.71
Precious Metals
Gold4,357.06——130,766+0.72
Silver64.58-2.52%+0.40%11,974-0.52
Platinum1,718.50-3.23%-1.70%10,960+0.02
Palladium1,320.00-4.64%-4.19%-5,458-1.20
Base Metals
Copper6.58-0.21%+0.19%75,758+1.39
Grains
Corn4.72——144,821+0.86
Wheat (SRW)6.68——-24,870+0.86
Wheat (HRW)7.35——31,496+1.34
Soybeans11.83+1.57%+2.29%132,524+0.26
Soybean Oil0.68-0.97%+0.19%79,033+0.36
Soybean Meal314.10+1.00%+1.95%77,830+0.81
Softs
Sugar No. 110.17+2.01%+1.82%-87,188+1.22
Coffee C3.13——31,441-0.03
Cocoa5,710.00——-4,670+0.11
Cotton No. 20.83+0.00%-0.01%55,321+1.61
Livestock
Live Cattle2.20——64,966-2.70
Feeder Cattle3.38——10,400-1.49
Lean Hogs0.82——-19,179-1.48
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 81.08 1d -1.96% net 86958 z 0.9493819877788076 | Brent Crude Oil last 86.79 1d -1.99% net 6691 z -0.9793070576971915 | RBOB Gasoline last 2.8636 1d None% net 69885 z 0.4109094632765933 | Heating Oil (ULSD) last 4.33 1d 0.0% net 11097 z -0.5824903581444724 | Natural Gas last 2.75 1d -1.79% net -126933 z -1.710294442332861 | Gold last 4357.06 1d None% net 130766 z 0.7196555261661851 | Silver last 64.58 1d -2.52% net 11974 z -0.5235252518012143 | Platinum last 1718.5 1d -3.23% net 10960 z 0.01749462176211588 | Palladium last 1320.0 1d -4.64% net -5458 z -1.1994823225954725 | Copper last 6.583 1d -0.21% net 75758 z 1.387403004011896 | Corn last 4.7225 1d None% net 144821 z 0.8566893536869791 | Wheat (SRW) last 6.685 1d None% net -24870 z 0.8603747924016283 | Wheat (HRW) last 7.3475 1d None% net 31496 z 1.3383591918230444 | Soybeans last 11.83 1d 1.57% net 132524 z 0.25515603673064535 | Soybean Oil last 0.6829 1d -0.97% net 79033 z 0.35618507966997315 | Soybean Meal last 314.1 1d 1.0% net 77830 z 0.8117109546616741 | Sugar No. 11 last 0.1675 1d 2.01% net -87188 z 1.2208923859432212 | Coffee C last 3.134 1d None% net 31441 z -0.026418904557692413 | Cocoa last 5710.0 1d None% net -4670 z 0.10736387400302513 | Cotton No. 2 last 0.8321 1d 0.0% net 55321 z 1.6096359479545248 | Live Cattle last 2.203 1d None% net 64966 z -2.6980807100128072 | Feeder Cattle last 3.3765 1d None% net 10400 z -1.4902799114138126 | Lean Hogs last 0.82175 1d None% net -19179 z -1.4757210106171845

Net position is managed money longs minus shorts, in contracts; a positive number is a net long. Net positions are as of the 04 Aug report; prices are the 13 Aug close.

Energy

Energy

Energy was softer, 3 of 4 lower.

WTI fell 1.96% to 81.08 and Brent 1.99% to 86.79 with managed-money nets at 86958 (-5985) and 6691 (-9049) on reported oil output declines, natural gas -1.79% to 2.75 with net -126933 after a 21107 reduction, heating oil unchanged at 4.33 and RBOB last 2.8636.

Energy — session change
WTI Crude Oil-1.96%Brent Crude Oil-1.99%Heating Oil (ULSD)+0.00%Natural Gas-1.79%Energy — one-session change | n 4 | Range: -1.99% to +0.00% | WTI Crude Oil -1.96%, Brent Crude Oil -1.99%, Heating Oil (ULSD) +0.00%, Natural Gas -1.79%

Natural Gas added to a heavily short net short.

Energy — positioning, 52-week z
WTI Crude Oil+0.95Brent Crude Oil-0.98RBOB Gasoline+0.41Heating Oil (ULSD)-0.58Natural Gas-1.71Energy — managed-money net, 52-week z | n 5 | WTI Crude Oil +0.95, Brent Crude Oil -0.98, RBOB Gasoline +0.41, Heating Oil (ULSD) -0.58, Natural Gas -1.71
WTI Crude Oil — price and positioning
99,887-38,154114.5855.442025-08-132026-08-13price $/bbl (black) · managed-money net, contracts (gold)WTI Crude Oil price against managed-money net, 2025-08-13 to 2026-08-13 | price n 250 daily, range 55.44 to 114.58 $/bbl | net n 51 weekly | price sampled monthly: 2025-08-13 63.68, 2025-09-12 63.02, 2025-10-14 59.52, 2025-11-13 59.54, 2025-12-15 56.97, 2026-01-15 59.13, 2026-02-17 62.53, 2026-03-18 96.12, 2026-04-17 85.91, 2026-05-18 112.25, 2026-06-17 80.65, 2026-07-20 84.38, 2026-08-13 81.08 | net sampled monthly: 2025-08-19 27,445, 2025-09-16 36,799, 2025-10-14 -18,766, 2025-11-10 -11,646, 2025-12-09 6,878, 2026-01-06 24,528, 2026-02-03 76,760, 2026-03-03 68,385, 2026-03-31 73,347, 2026-04-28 80,331, 2026-05-26 79,924, 2026-06-23 82,872, 2026-07-21 63,979, 2026-08-04 86,958
Brent Crude Oil — price and positioning
22,277-1,603138.2159.932025-08-132026-08-13price $/bbl (black) · managed-money net, contracts (gold)Brent Crude Oil price against managed-money net, 2025-08-13 to 2026-08-13 | price n 254 daily, range 59.93 to 138.21 $/bbl | net n 51 weekly | price sampled monthly: 2025-08-13 66.25, 2025-09-12 67.87, 2025-10-13 64.15, 2025-11-11 63.86, 2025-12-10 63.12, 2026-01-13 67.58, 2026-02-11 71.52, 2026-03-12 102.38, 2026-04-14 118.69, 2026-05-14 110.91, 2026-06-15 84.36, 2026-07-14 83.69, 2026-08-12 88.55, 2026-08-13 86.79 | net sampled monthly: 2025-08-19 -276, 2025-09-16 5,415, 2025-10-14 8,431, 2025-11-10 18,488, 2025-12-09 14,829, 2026-01-06 16,484, 2026-02-03 13,281, 2026-03-03 15,099, 2026-03-31 19,881, 2026-04-28 13,812, 2026-05-26 9,568, 2026-06-23 6,823, 2026-07-21 14,255, 2026-08-04 6,691
RBOB Gasoline — price and positioning
99,39503.771.682025-08-132026-08-13price $/gal (black) · managed-money net, contracts (gold)RBOB Gasoline price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 1.68 to 3.77 $/gal | net n 51 weekly | price sampled monthly: 2025-08-13 2.07, 2025-09-12 1.99, 2025-10-13 1.84, 2025-11-11 2.01, 2025-12-11 1.76, 2026-01-13 1.83, 2026-02-12 1.92, 2026-03-16 3.00, 2026-04-15 3.07, 2026-05-14 3.61, 2026-06-15 2.95, 2026-07-16 3.28, 2026-08-13 2.86 | net sampled monthly: 2025-08-19 25,972, 2025-09-16 48,283, 2025-10-14 34,162, 2025-11-10 77,000, 2025-12-09 84,498, 2026-01-06 49,065, 2026-02-03 67,731, 2026-03-03 85,285, 2026-03-31 63,483, 2026-04-28 61,800, 2026-05-26 67,062, 2026-06-23 71,095, 2026-07-21 73,707, 2026-08-04 69,885
Heating Oil (ULSD) — price and positioning
39,671-5,4604.712.092025-08-132026-08-13price $/gal (black) · managed-money net, contracts (gold)Heating Oil (ULSD) price against managed-money net, 2025-08-13 to 2026-08-13 | price n 250 daily, range 2.09 to 4.71 $/gal | net n 51 weekly | price sampled monthly: 2025-08-13 2.29, 2025-09-12 2.34, 2025-10-14 2.25, 2025-11-13 2.52, 2025-12-15 2.23, 2026-01-15 2.22, 2026-02-17 2.44, 2026-03-18 4.43, 2026-04-17 3.48, 2026-05-18 4.15, 2026-06-17 3.17, 2026-07-20 4.12, 2026-08-13 4.33 | net sampled monthly: 2025-08-19 31,771, 2025-09-16 24,303, 2025-10-14 12,152, 2025-11-10 38,673, 2025-12-09 19,969, 2026-01-06 451, 2026-02-03 24,377, 2026-03-03 23,352, 2026-03-31 19,425, 2026-04-28 12,499, 2026-05-26 7,689, 2026-06-23 6,408, 2026-07-21 13,381, 2026-08-04 11,097
Natural Gas — price and positioning
0-134,42630.722.542025-08-132026-08-13price $/MMBtu (black) · managed-money net, contracts (gold)Natural Gas price against managed-money net, 2025-08-13 to 2026-08-13 | price n 248 daily, range 2.54 to 30.72 $/MMBtu | net n 51 weekly | price sampled monthly: 2025-08-13 2.95, 2025-09-12 2.86, 2025-10-13 2.90, 2025-11-12 3.60, 2025-12-15 3.90, 2026-01-20 4.00, 2026-02-19 3.09, 2026-03-20 3.04, 2026-04-21 2.76, 2026-05-20 3.18, 2026-06-22 3.16, 2026-07-22 2.93, 2026-08-13 2.75 | net sampled monthly: 2025-08-19 -36,687, 2025-09-16 -23,091, 2025-10-14 -75,339, 2025-11-10 -52,820, 2025-12-09 -31,091, 2026-01-06 -101,384, 2026-02-03 -47, 2026-03-03 -76,252, 2026-03-31 -67,616, 2026-04-28 -97,245, 2026-05-26 -134,426, 2026-06-23 -82,722, 2026-07-21 -102,756, 2026-08-04 -126,933

Headlines

• Oil output declines to 1.67m barrels Vanguard
• Nigeria’s oil output falls 37,000bpd to 1.546m bpd — OPEC Vanguard
• Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s why The Times of India
Precious Metals

Precious Metals

Precious Metals were softer, 3 of 3 lower.

Silver fell 2.52% to 64.58, platinum 3.23% to 1718.5 and palladium 4.64% to 1320.0 with gold last 4357.06 as a central bank vowed to maintain tight policy; managed-money nets were gold 130766 (+10971), silver 11974 (+2792), platinum 10960 (+4434) and palladium -5458 (+715).

Precious Metals — session change
Silver-2.52%Platinum-3.23%Palladium-4.64%Precious Metals — one-session change | n 3 | Range: -4.64% to -2.52% | Silver -2.52%, Platinum -3.23%, Palladium -4.64%

Palladium covered a heavily short net short.

Precious Metals — positioning, 52-week z
Gold+0.72Silver-0.52Platinum+0.02Palladium-1.20Precious Metals — managed-money net, 52-week z | n 4 | Gold +0.72, Silver -0.52, Platinum +0.02, Palladium -1.20
Gold — price and positioning
163,51905,405.003,332.402025-08-132026-08-13price $/oz (black) · managed-money net, contracts (gold)Gold price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 3,332.40 to 5,405.00 $/oz | net n 51 weekly | price sampled monthly: 2025-08-13 3,364.40, 2025-09-12 3,651.10, 2025-10-13 4,095.95, 2025-11-11 4,123.30, 2025-12-10 4,200.15, 2026-01-15 4,610.85, 2026-02-13 4,994.95, 2026-03-16 4,994.85, 2026-04-16 4,793.60, 2026-05-18 4,565.40, 2026-06-17 4,341.85, 2026-07-16 3,993.55, 2026-08-13 4,357.06 | net sampled monthly: 2025-08-19 137,385, 2025-09-16 158,971, 2025-10-14 108,310, 2025-11-10 104,087, 2025-12-09 123,548, 2026-01-06 123,213, 2026-02-03 92,072, 2026-03-03 97,917, 2026-03-31 92,814, 2026-04-28 89,752, 2026-05-26 97,446, 2026-06-23 115,395, 2026-07-21 124,831, 2026-08-04 130,766
Silver — price and positioning
38,7700118.4537.082025-08-132026-08-13price $/oz (black) · managed-money net, contracts (gold)Silver price against managed-money net, 2025-08-13 to 2026-08-13 | price n 254 daily, range 37.08 to 118.45 $/oz | net n 51 weekly | price sampled monthly: 2025-08-13 38.60, 2025-09-12 42.26, 2025-10-13 51.24, 2025-11-11 51.24, 2025-12-10 61.03, 2026-01-13 85.82, 2026-02-11 86.10, 2026-03-12 87.03, 2026-04-14 77.42, 2026-05-14 86.78, 2026-06-15 70.69, 2026-07-14 57.88, 2026-08-12 66.25, 2026-08-13 64.58 | net sampled monthly: 2025-08-19 28,046, 2025-09-16 35,806, 2025-10-14 23,038, 2025-11-10 22,655, 2025-12-09 25,775, 2026-01-06 15,822, 2026-02-03 4,983, 2026-03-03 7,766, 2026-03-31 11,266, 2026-04-28 10,606, 2026-05-26 10,055, 2026-06-23 11,741, 2026-07-21 11,282, 2026-08-04 11,974
Platinum — price and positioning
20,91302,811.001,331.002025-08-132026-08-13price $/oz (black) · managed-money net, contracts (gold)Platinum price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 1,331.00 to 2,811.00 $/oz | net n 51 weekly | price sampled monthly: 2025-08-13 1,337.00, 2025-09-12 1,399.00, 2025-10-13 1,645.00, 2025-11-11 1,592.00, 2025-12-10 1,665.00, 2026-01-15 2,386.00, 2026-02-13 2,058.00, 2026-03-16 2,118.00, 2026-04-16 2,136.00, 2026-05-18 1,974.00, 2026-06-17 1,788.00, 2026-07-16 1,647.75, 2026-08-13 1,718.50 | net sampled monthly: 2025-08-19 10,380, 2025-09-16 13,086, 2025-10-14 16,949, 2025-11-10 15,193, 2025-12-09 14,894, 2026-01-06 7,117, 2026-02-03 1,277, 2026-03-03 4,919, 2026-03-31 12,436, 2026-04-28 14,075, 2026-05-26 12,825, 2026-06-23 8,657, 2026-07-21 6,223, 2026-08-04 10,960
Palladium — price and positioning
1,084-6,6172,106.001,090.002025-08-132026-08-13price $/oz (black) · managed-money net, contracts (gold)Palladium price against managed-money net, 2025-08-13 to 2026-08-13 | price n 254 daily, range 1,090.00 to 2,106.00 $/oz | net n 51 weekly | price sampled monthly: 2025-08-13 1,122.00, 2025-09-12 1,218.00, 2025-10-13 1,451.00, 2025-11-11 1,446.00, 2025-12-10 1,481.00, 2026-01-13 1,883.00, 2026-02-11 1,764.00, 2026-03-12 1,642.00, 2026-04-14 1,557.00, 2026-05-14 1,461.00, 2026-06-15 1,350.00, 2026-07-14 1,281.00, 2026-08-12 1,384.25, 2026-08-13 1,320.00 | net sampled monthly: 2025-08-19 -5,855, 2025-09-16 -5,191, 2025-10-14 -1,839, 2025-11-10 -803, 2025-12-09 -19, 2026-01-06 80, 2026-02-03 451, 2026-03-03 637, 2026-03-31 -2,012, 2026-04-28 -2,336, 2026-05-26 -3,772, 2026-06-23 -4,724, 2026-07-21 -6,617, 2026-08-04 -5,458

Headlines

• Central Bank vows to maintain tight policy Hurriyet Daily News
• Gold rate today (August 13, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from IBJA, Joyalukkas, Tanishq, Kalyan Jewellers and Malabar Gold & Diamonds in Delhi, Mumbai, Hyderabad, other cities The Times of India
• Parliamentary panel flags gap between curriculum design and textbook availability for classes 9-12 The Times of India
Base Metals

Base Metals

Base Metals were softer, 1 of 1 lower.

Copper eased 0.21% to 6.583 with managed-money net 75758 up 10750 as metal shares tumbled.

Base Metals — session change
Copper-0.21%Base Metals — one-session change | n 1 | Range: -0.21% to -0.21% | Copper -0.21%

Copper added to a extended net long.

Base Metals — positioning, 52-week z
Copper+1.39Base Metals — managed-money net, 52-week z | n 1 | Copper +1.39
Copper — price and positioning
75,75806.704.412025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Copper price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 4.41 to 6.70 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 4.48, 2025-09-12 4.59, 2025-10-13 5.10, 2025-11-11 5.05, 2025-12-11 5.43, 2026-01-13 5.97, 2026-02-12 5.77, 2026-03-16 5.79, 2026-04-15 6.07, 2026-05-14 6.57, 2026-06-15 6.48, 2026-07-16 6.30, 2026-08-13 6.58 | net sampled monthly: 2025-08-19 25,609, 2025-09-16 42,097, 2025-10-14 58,384, 2025-11-10 63,284, 2025-12-09 70,484, 2026-01-06 68,242, 2026-02-03 55,923, 2026-03-03 48,494, 2026-03-31 39,172, 2026-04-28 60,937, 2026-05-26 70,500, 2026-06-23 66,547, 2026-07-21 71,515, 2026-08-04 75,758

Headlines

• Benchmarks end sideways; metal shares tumble Business Standard
• Discovery Reports Record Revenue, Strong Year-Over-Year Earnings Growth in Q2 2026 Financial Post
• The Next Global Economic Crisis Could Be Made in China Foreign Affairs
Grains

Grains

Grains were firmer, 2 of 3 higher.

Soybeans rose 1.57% to 11.83 and soybean meal 1.0% to 314.1 while soybean oil fell 0.97% to 0.6829; corn last 4.7225, SRW wheat 6.685 and HRW wheat 7.3475, with managed-money nets corn 144821 (+18045), soybeans 132524 (-27955), soybean oil 79033 (-28865) and meal 77830 (-9866).

Grains — session change
Soybeans+1.57%Soybean Oil-0.97%Soybean Meal+1.00%Grains — one-session change | n 3 | Range: -0.97% to +1.57% | Soybeans +1.57%, Soybean Oil -0.97%, Soybean Meal +1.00%

Wheat (HRW) added to a extended net long.

Grains — positioning, 52-week z
Corn+0.86Wheat (SRW)+0.86Wheat (HRW)+1.34Soybeans+0.26Soybean Oil+0.36Soybean Meal+0.81Grains — managed-money net, 52-week z | n 6 | Corn +0.86, Wheat (SRW) +0.86, Wheat (HRW) +1.34, Soybeans +0.26, Soybean Oil +0.36, Soybean Meal +0.81
Corn — price and positioning
344,641-187,9924.773.742025-08-132026-08-13price $/bu (black) · managed-money net, contracts (gold)Corn price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 3.74 to 4.77 $/bu | net n 51 weekly | price sampled monthly: 2025-08-13 3.74, 2025-09-12 3.99, 2025-10-13 4.11, 2025-11-11 4.32, 2025-12-11 4.35, 2026-01-13 4.20, 2026-02-12 4.31, 2026-03-16 4.54, 2026-04-15 4.51, 2026-05-14 4.51, 2026-06-15 4.16, 2026-07-16 4.42, 2026-08-13 4.72 | net sampled monthly: 2025-08-19 -114,637, 2025-09-16 -81,497, 2025-10-14 -187,992, 2025-11-10 -37,350, 2025-12-09 18,736, 2026-01-06 -12,830, 2026-02-03 -80,613, 2026-03-03 52,243, 2026-03-31 257,952, 2026-04-28 265,572, 2026-05-26 211,337, 2026-06-23 -74,819, 2026-07-21 56,713, 2026-08-04 144,821
Wheat (SRW) — price and positioning
11,725-113,5607.064.952025-08-132026-08-13price $/bu (black) · managed-money net, contracts (gold)Wheat (SRW) price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 4.95 to 7.06 $/bu | net n 51 weekly | price sampled monthly: 2025-08-13 5.07, 2025-09-12 5.03, 2025-10-13 4.97, 2025-11-11 5.36, 2025-12-11 5.34, 2026-01-13 5.11, 2026-02-12 5.53, 2026-03-16 5.97, 2026-04-15 5.94, 2026-05-14 6.47, 2026-06-15 5.90, 2026-07-16 6.75, 2026-08-13 6.68 | net sampled monthly: 2025-08-19 -100,166, 2025-09-16 -85,799, 2025-10-14 -110,883, 2025-11-10 -57,911, 2025-12-09 -49,035, 2026-01-06 -109,483, 2026-02-03 -81,543, 2026-03-03 -25,089, 2026-03-31 7,781, 2026-04-28 11,725, 2026-05-26 -16,154, 2026-06-23 -70,433, 2026-07-21 -18,399, 2026-08-04 -24,870
Wheat (HRW) — price and positioning
37,981-67,7927.634.802025-08-132026-08-13price $/bu (black) · managed-money net, contracts (gold)Wheat (HRW) price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 4.80 to 7.63 $/bu | net n 51 weekly | price sampled monthly: 2025-08-13 5.07, 2025-09-12 4.87, 2025-10-13 4.81, 2025-11-11 5.24, 2025-12-11 5.16, 2026-01-13 5.20, 2026-02-12 5.54, 2026-03-16 6.17, 2026-04-15 6.25, 2026-05-14 7.03, 2026-06-15 6.40, 2026-07-16 7.17, 2026-08-13 7.35 | net sampled monthly: 2025-08-19 -48,365, 2025-09-16 -50,536, 2025-10-14 -67,792, 2025-11-10 -33,897, 2025-12-09 -17,728, 2026-01-06 -15,754, 2026-02-03 -7,777, 2026-03-03 3,435, 2026-03-31 23,800, 2026-04-28 31,249, 2026-05-26 28,129, 2026-06-23 -758, 2026-07-21 26,710, 2026-08-04 31,496
Soybeans — price and positioning
233,477-31,59312.4810.022025-08-132026-08-13price $/bu (black) · managed-money net, contracts (gold)Soybeans price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 10.02 to 12.48 $/bu | net n 51 weekly | price sampled monthly: 2025-08-13 10.23, 2025-09-12 10.26, 2025-10-13 10.08, 2025-11-11 11.13, 2025-12-11 10.94, 2026-01-13 10.23, 2026-02-12 11.37, 2026-03-16 11.55, 2026-04-15 11.67, 2026-05-14 11.74, 2026-06-15 11.19, 2026-07-16 11.95, 2026-08-13 11.83 | net sampled monthly: 2025-08-19 -1,753, 2025-09-16 188, 2025-10-14 2,626, 2025-11-10 203,476, 2025-12-09 190,125, 2026-01-06 65,807, 2026-02-03 29,153, 2026-03-03 187,491, 2026-03-31 204,008, 2026-04-28 176,910, 2026-05-26 184,229, 2026-06-23 36,986, 2026-07-21 130,505, 2026-08-04 132,524
Soybean Oil — price and positioning
167,943-66,9720.790.482025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Soybean Oil price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 0.48 to 0.79 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 0.53, 2025-09-12 0.51, 2025-10-13 0.50, 2025-11-11 0.51, 2025-12-11 0.51, 2026-01-13 0.51, 2026-02-12 0.58, 2026-03-16 0.64, 2026-04-15 0.68, 2026-05-14 0.75, 2026-06-15 0.74, 2026-07-16 0.72, 2026-08-13 0.68 | net sampled monthly: 2025-08-19 32,877, 2025-09-16 17,913, 2025-10-14 3,934, 2025-11-10 -25,880, 2025-12-09 -8,532, 2026-01-06 -65,816, 2026-02-03 7,266, 2026-03-03 68,193, 2026-03-31 129,956, 2026-04-28 164,339, 2026-05-26 139,779, 2026-06-23 103,206, 2026-07-21 120,246, 2026-08-04 79,033
Soybean Meal — price and positioning
131,556-118,473342.70264.702025-08-132026-08-13price $/short ton (black) · managed-money net, contracts (gold)Soybean Meal price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 264.70 to 342.70 $/short ton | net n 51 weekly | price sampled monthly: 2025-08-13 284.10, 2025-09-12 288.30, 2025-10-13 266.50, 2025-11-11 316.90, 2025-12-11 298.80, 2026-01-13 286.40, 2026-02-12 307.90, 2026-03-16 312.20, 2026-04-15 334.40, 2026-05-14 342.70, 2026-06-15 302.00, 2026-07-16 322.90, 2026-08-13 314.10 | net sampled monthly: 2025-08-19 -89,093, 2025-09-16 -81,028, 2025-10-14 -118,473, 2025-11-10 19,564, 2025-12-09 18,323, 2026-01-06 -24,193, 2026-02-03 -25,693, 2026-03-03 59,104, 2026-03-31 98,882, 2026-04-28 121,059, 2026-05-26 123,593, 2026-06-23 12,359, 2026-07-21 73,476, 2026-08-04 77,830

No headlines were retrieved for this section in the session window; the moves above are described, not explained.

Softs

Softs

Softs were firmer, 1 of 2 higher.

Sugar No. 11 rose 2.01% to 0.1675 with managed-money net -87188 up 29236; cotton was unchanged at 0.8321 (net 55321, +8953), coffee last 3.134 and cocoa 5710.0.

Softs — session change
Sugar No. 11+2.01%Cotton No. 2+0.00%Softs — one-session change | n 2 | Range: +0.00% to +2.01% | Sugar No. 11 +2.01%, Cotton No. 2 +0.00%

Sugar No. 11 covered a extended net short; Cotton No. 2 added to a extended net long.

Softs — positioning, 52-week z
Sugar No. 11+1.22Coffee C-0.03Cocoa+0.11Cotton No. 2+1.61Softs — managed-money net, 52-week z | n 4 | Sugar No. 11 +1.22, Coffee C -0.03, Cocoa +0.11, Cotton No. 2 +1.61
Sugar No. 11 — price and positioning
0-238,2170.170.132025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Sugar No. 11 price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 0.13 to 0.17 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 0.17, 2025-09-12 0.16, 2025-10-13 0.16, 2025-11-11 0.14, 2025-12-11 0.15, 2026-01-13 0.15, 2026-02-12 0.14, 2026-03-16 0.14, 2026-04-15 0.14, 2026-05-14 0.15, 2026-06-15 0.14, 2026-07-16 0.14, 2026-08-13 0.17 | net sampled monthly: 2025-08-19 -89,934, 2025-09-16 -126,270, 2025-10-14 -165,750, 2025-11-10 -206,798, 2025-12-09 -175,959, 2026-01-06 -137,536, 2026-02-03 -176,700, 2026-03-03 -238,217, 2026-03-31 -40,794, 2026-04-28 -174,600, 2026-05-26 -89,102, 2026-06-23 -186,290, 2026-07-21 -102,682, 2026-08-04 -87,188
Coffee C — price and positioning
50,15104.322.442025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Coffee C price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 2.44 to 4.32 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 3.20, 2025-09-12 4.11, 2025-10-13 3.85, 2025-11-11 4.23, 2025-12-11 4.05, 2026-01-13 3.60, 2026-02-12 3.00, 2026-03-16 2.98, 2026-04-15 3.04, 2026-05-14 2.94, 2026-06-15 2.63, 2026-07-16 3.21, 2026-08-13 3.13 | net sampled monthly: 2025-08-19 26,009, 2025-09-16 41,161, 2025-10-14 48,189, 2025-11-10 48,249, 2025-12-09 38,604, 2026-01-06 34,366, 2026-02-03 25,674, 2026-03-03 16,465, 2026-03-31 30,711, 2026-04-28 32,732, 2026-05-26 22,973, 2026-06-23 20,918, 2026-07-21 33,219, 2026-08-04 31,441
Cocoa — price and positioning
13,549-23,0848,566.002,798.002025-08-132026-08-13price $/mt (black) · managed-money net, contracts (gold)Cocoa price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 2,798.00 to 8,566.00 $/mt | net n 51 weekly | price sampled monthly: 2025-08-13 8,566.00, 2025-09-12 7,315.00, 2025-10-13 5,822.00, 2025-11-11 5,829.00, 2025-12-11 6,235.00, 2026-01-13 5,224.00, 2026-02-12 3,632.00, 2026-03-16 3,328.00, 2026-04-15 3,477.00, 2026-05-14 4,189.00, 2026-06-15 3,882.00, 2026-07-16 5,216.00, 2026-08-13 5,710.00 | net sampled monthly: 2025-08-19 13,549, 2025-09-16 8,348, 2025-10-14 609, 2025-11-10 1,527, 2025-12-09 -8,498, 2026-01-06 141, 2026-02-03 -10,330, 2026-03-03 -4,087, 2026-03-31 -10,132, 2026-04-28 -17,106, 2026-05-26 -13,816, 2026-06-23 -18,099, 2026-07-21 -6,976, 2026-08-04 -4,670
Cotton No. 2 — price and positioning
59,665-80,7050.880.612025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Cotton No. 2 price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 0.61 to 0.88 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 0.66, 2025-09-12 0.65, 2025-10-13 0.64, 2025-11-11 0.64, 2025-12-11 0.64, 2026-01-13 0.65, 2026-02-12 0.62, 2026-03-16 0.68, 2026-04-15 0.75, 2026-05-14 0.84, 2026-06-15 0.73, 2026-07-16 0.78, 2026-08-13 0.83 | net sampled monthly: 2025-08-19 -56,813, 2025-09-16 -60,280, 2025-10-14 -80,436, 2025-11-10 -61,227, 2025-12-09 -56,289, 2026-01-06 -47,192, 2026-02-03 -72,336, 2026-03-03 -74,199, 2026-03-31 -9,884, 2026-04-28 36,492, 2026-05-26 55,284, 2026-06-23 35,273, 2026-07-21 47,059, 2026-08-04 55,321

No headlines were retrieved for this section in the session window; the moves above are described, not explained.

Livestock

Livestock

Livestock is not available in this edition: no market in the section carries a session price.

Livestock — session change
no data available for this sectionLivestock | no data available for this section | n 0

Live Cattle trimmed a washed out net long; Feeder Cattle added to a heavily short net long; Lean Hogs added to a heavily short net short.

Livestock — positioning, 52-week z
Live Cattle-2.70Feeder Cattle-1.49Lean Hogs-1.48Livestock — managed-money net, 52-week z | n 3 | Live Cattle -2.70, Feeder Cattle -1.49, Lean Hogs -1.48
Live Cattle — price and positioning
138,01802.582.072025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Live Cattle price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 2.07 to 2.58 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 2.36, 2025-09-12 2.30, 2025-10-13 2.41, 2025-11-11 2.27, 2025-12-11 2.30, 2026-01-13 2.37, 2026-02-12 2.42, 2026-03-16 2.33, 2026-04-15 2.53, 2026-05-14 2.52, 2026-06-15 2.51, 2026-07-16 2.27, 2026-08-13 2.20 | net sampled monthly: 2025-08-19 120,489, 2025-09-16 123,750, 2025-10-14 120,224, 2025-11-10 101,177, 2025-12-09 86,434, 2026-01-06 93,727, 2026-02-03 111,771, 2026-03-03 112,044, 2026-03-31 119,553, 2026-04-28 131,560, 2026-05-26 120,542, 2026-06-23 125,583, 2026-07-21 75,681, 2026-08-04 64,966
Feeder Cattle — price and positioning
32,84703.803.052025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Feeder Cattle price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 3.05 to 3.80 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 3.46, 2025-09-12 3.50, 2025-10-13 3.75, 2025-11-11 3.38, 2025-12-11 3.43, 2026-01-13 3.66, 2026-02-12 3.66, 2026-03-16 3.55, 2026-04-15 3.73, 2026-05-14 3.68, 2026-06-15 3.62, 2026-07-16 3.47, 2026-08-13 3.38 | net sampled monthly: 2025-08-19 32,847, 2025-09-16 25,412, 2025-10-14 26,781, 2025-11-10 17,172, 2025-12-09 14,367, 2026-01-06 17,391, 2026-02-03 17,925, 2026-03-03 18,941, 2026-03-31 20,847, 2026-04-28 18,608, 2026-05-26 10,963, 2026-06-23 15,695, 2026-07-21 9,345, 2026-08-04 10,400
Lean Hogs — price and positioning
144,954-43,1811.100.782025-08-132026-08-13price $/lb (black) · managed-money net, contracts (gold)Lean Hogs price against managed-money net, 2025-08-13 to 2026-08-13 | price n 252 daily, range 0.78 to 1.10 $/lb | net n 51 weekly | price sampled monthly: 2025-08-13 1.10, 2025-09-12 0.97, 2025-10-13 0.97, 2025-11-11 0.82, 2025-12-11 0.83, 2026-01-13 0.85, 2026-02-12 0.87, 2026-03-16 0.94, 2026-04-15 0.91, 2026-05-14 0.90, 2026-06-15 0.97, 2026-07-16 1.00, 2026-08-13 0.82 | net sampled monthly: 2025-08-19 102,594, 2025-09-16 140,301, 2025-10-14 129,111, 2025-11-10 62,305, 2025-12-09 42,860, 2026-01-06 78,397, 2026-02-03 123,396, 2026-03-03 117,601, 2026-03-31 85,522, 2026-04-28 46,102, 2026-05-26 1,432, 2026-06-23 -33,652, 2026-07-21 -27,791, 2026-08-04 -19,179

No headlines were retrieved for this section in the session window; the moves above are described, not explained.

Positioning

Books against the session

Books against the session
managed-money net, 52w z →session change %WTI Crude OilBrent Crude OilHeating Oil (ULSD)Natural GasSilverPlatinumPalladiumCopperSoybeansSoybean OilSoybean MealSugar No. 11Cotton No. 2Managed-money 52-week z against one-session change | n 13 | WTI Crude Oil z +0.95 chg -1.96%, Brent Crude Oil z -0.98 chg -1.99%, Heating Oil (ULSD) z -0.58 chg +0.00%, Natural Gas z -1.71 chg -1.79%, Silver z -0.52 chg -2.52%, Platinum z +0.02 chg -3.23%, Palladium z -1.20 chg -4.64%, Copper z +1.39 chg -0.21%, Soybeans z +0.26 chg +1.57%, Soybean Oil z +0.36 chg -0.97%, Soybean Meal z +0.81 chg +1.00%, Sugar No. 11 z +1.22 chg +2.01%, Cotton No. 2 z +1.61 chg +0.00%

Managed-money net position expressed as a z-score over 52 weeks, against the session price change. Live cross-section.

Notes

Prices are the 13 Aug close. This note is written before the US open and carries no overnight session: moves in Asian and European hours after that close are not reflected above.

Positioning is the CFTC Commitments of Traders (Disaggregated) report for 04 Aug, futures only. The Base Metals section covers copper alone — it is the only base metal in this universe with a daily price.

Price sources: EIA via FRED, LBMA, Yahoo Finance. Live commodities dashboard.

Contract rolls. A continuous front-month series is two different contracts either side of a roll, and the change across that seam measures the calendar spread rather than the tape.

RBOB Gasoline: the two closes belong to two different contracts (RBU26.NYM then RBV26.NYM) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Gold: the two closes belong to two different contracts (GCU26.CMX then GCQ26.CMX) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Corn: the two closes belong to two different contracts (ZCU26.CBT then ZCZ26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Wheat (SRW): the two closes belong to two different contracts (ZWU26.CBT then ZWZ26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Wheat (HRW): the two closes belong to two different contracts (KEU26.CBT then KEZ26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Coffee C: the two closes belong to two different contracts (KCU26.NYB then KCZ26.NYB) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Cocoa: the two closes belong to two different contracts (CCU26.NYB then CCZ26.NYB) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Live Cattle: the two closes belong to two different contracts (LEQ26.CME then LEV26.CME) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Feeder Cattle: the two closes belong to two different contracts (GFQ26.CME then GFU26.CME) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

Lean Hogs: the two closes belong to two different contracts (HEQ26.CME then HEV26.CME) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.

RoboMacro Research.