RoboMacro Research

Commodities Daily

OPEC+ holds October quotas; WTI -0.61%, copper +1.3%, grains soft

September 7, 2026
Covering the September 7, 2026 session · COT 01 Sep

Commodities finished mixed as of 2026-09-07, with energy breadth at 2 up and 1 down of 5 after OPEC+ keeps October oil output quota unchanged from September levels. Precious metals split 2 up and 2 down of 4, copper rose 1.3% to 6.6825 $/lb, grains saw 5 down of 6, and livestock was 0 up and 3 down of 3. Managed-money futures nets as of 2026-09-01 showed WTI at 94281 and corn at 401003.

close07 Sep
COT report01 Sep
built08 Sep 11:45 UTC
price dates span3d

All 23 markets

MarketLast1d1wNet (MM)z 52w
Energy
WTI Crude Oil91.22-0.61%+7.86%94,281+1.00
Brent Crude Oil95.85+0.03%+6.80%5,307-1.59
RBOB Gasoline3.21+0.00%+3.57%89,215+1.58
Heating Oil (ULSD)4.72+0.00%+8.48%20,344+0.49
Natural Gas2.98+1.71%+5.67%-89,481-0.49
Precious Metals
Gold4,415.40-1.16%-3.23%136,771+1.07
Silver66.83+1.81%-4.87%12,598-0.33
Platinum1,796.25-0.56%-4.66%8,685-0.41
Palladium1,401.10+1.89%-2.96%-4,619-0.91
Base Metals
Copper6.68+1.30%+2.79%72,882+1.05
Grains
Corn5.12-0.63%+0.00%401,003+2.31
Wheat (SRW)7.16-2.72%-6.65%14,904+1.73
Wheat (HRW)7.87-1.47%-4.95%48,826+1.67
Soybeans12.94-0.96%+1.37%234,920+1.38
Soybean Oil0.69-1.04%-2.56%99,823+0.58
Soybean Meal345.30+0.03%+2.10%157,179+1.72
Softs
Sugar No. 110.18+0.00%+2.90%233,771+3.80
Coffee C3.24-0.03%-6.25%26,729-0.54
Cocoa6,082.00+0.41%-6.82%-4,750+0.33
Cotton No. 20.82-1.13%-8.34%100,963+2.03
Livestock
Live Cattle2.13-0.63%-2.87%48,851-2.66
Feeder Cattle3.25-0.31%+1.22%8,436-1.79
Lean Hogs0.82-1.38%+0.49%-34,691-1.46
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 91.22 1d -0.61% net 94281 z 1.0024735598435308 | Brent Crude Oil last 95.85 1d 0.03% net 5307 z -1.5901716801194556 | RBOB Gasoline last 3.2146 1d 0.0% net 89215 z 1.5779689710806268 | Heating Oil (ULSD) last 4.72 1d 0.0% net 20344 z 0.4860832841315356 | Natural Gas last 2.98 1d 1.71% net -89481 z -0.48525575484774647 | Gold last 4415.4 1d -1.16% net 136771 z 1.073679478875536 | Silver last 66.835 1d 1.81% net 12598 z -0.33464615725070573 | Platinum last 1796.25 1d -0.56% net 8685 z -0.4089740272768874 | Palladium last 1401.1 1d 1.89% net -4619 z -0.9133288209271717 | Copper last 6.6825 1d 1.3% net 72882 z 1.0481722087551848 | Corn last 5.12 1d -0.63% net 401003 z 2.310141013844097 | Wheat (SRW) last 7.16 1d -2.72% net 14904 z 1.72916185627842 | Wheat (HRW) last 7.8675 1d -1.47% net 48826 z 1.6658505571901867 | Soybeans last 12.9375 1d -0.96% net 234920 z 1.378992811167286 | Soybean Oil last 0.6878 1d -1.04% net 99823 z 0.5813744349403099 | Soybean Meal last 345.3 1d 0.03% net 157179 z 1.7168251344072964 | Sugar No. 11 last 0.1807 1d 0.0% net 233771 z 3.7969901979752385 | Coffee C last 3.2425 1d -0.03% net 26729 z -0.5365465548270935 | Cocoa last 6082.0 1d 0.41% net -4750 z 0.33188207712032075 | Cotton No. 2 last 0.8242 1d -1.13% net 100963 z 2.0300693011181914 | Live Cattle last 2.1295 1d -0.63% net 48851 z -2.657804657901345 | Feeder Cattle last 3.24825 1d -0.31% net 8436 z -1.7860439104244408 | Lean Hogs last 0.823 1d -1.38% net -34691 z -1.4588757277312208

Net position is managed money longs minus shorts, in contracts; a positive number is a net long. Net positions are as of the 01 Sep report; prices are the 07 Sep close.

Energy

Energy was firmer, 2 of 5 higher.

WTI Crude Oil fell 0.61% to 91.22 $/bbl and Brent Crude Oil rose 0.03% to 95.85 $/bbl as OPEC+ keeps October oil output quota unchanged from September levels, RBOB Gasoline and Heating Oil (ULSD) were unchanged at 3.2146 $/gal and 4.72 $/gal, and Natural Gas gained 1.71% to 2.98 $/MMBtu, with managed-money nets at 94281 up 10261 in WTI, 5307 down 1819 in Brent, and -89481 down 17808 in natural gas.

WTI Crude Oil added to a extended net long; Brent Crude Oil trimmed a heavily short net long; RBOB Gasoline added to a extended net long.

Headlines

Precious Metals

Precious Metals were mixed, 2 of 4 higher.

Gold fell 1.16% to 4415.4 $/oz and Platinum 0.56% to 1796.25 $/oz, while Silver rose 1.81% to 66.835 $/oz and Palladium 1.89% to 1401.1 $/oz, with managed-money nets at 136771 down 7976 in gold, 12598 down 1475 in silver, 8685 down 1543 in platinum, and -4619 up 880 in palladium.

Gold trimmed a extended net long.

Headlines

Base Metals

Base Metals were firmer, 1 of 1 higher.

Copper rose 1.3% to 6.6825 $/lb as copper surges to all-time high as tariff turmoil rocks market, with managed-money nets at 72882 after a 3389 decline.

Copper trimmed a extended net long.

Headlines

Grains

Grains were softer, 5 of 6 lower.

Corn fell 0.63% to 5.12 $/bu, Wheat (SRW) 2.72% to 7.16 $/bu, Wheat (HRW) 1.47% to 7.8675 $/bu, Soybeans 0.96% to 12.9375 $/bu and Soybean Oil 1.04% to 0.6878 $/lb while Soybean Meal rose 0.03% to 345.3 $/short ton, as China’s soybean crushers face high costs, weak margins and China’s Soybean Imports Dip in August, with managed-money nets at 401003 up 83555 in corn and 234920 up 34241 in soybeans.

Corn added to a stretched net long; Wheat (SRW) flipped net long; Wheat (HRW) added to a extended net long; Soybeans added to a extended net long.

Headlines

Softs

Softs were softer, 2 of 4 lower.

Sugar No. 11 was unchanged at 0.1807 $/lb, Coffee C fell 0.03% to 3.2425 $/lb, Cocoa rose 0.41% to 6082.0 $/mt and Cotton No. 2 fell 1.13% to 0.8242 $/lb, with managed-money nets at 233771 up 35754 in sugar, 26729 down 4459 in coffee, -4750 up 5708 in cocoa and 100963 up 12670 in cotton.

Sugar No. 11 added to a stretched net long; Cotton No. 2 added to a stretched net long.

Headlines

Livestock

Livestock was softer, 3 of 3 lower.

Live Cattle fell 0.63% to 2.1295 $/lb, Feeder Cattle 0.31% to 3.24825 $/lb and Lean Hogs 1.38% to 0.823 $/lb, with managed-money nets at 48851 down 10878 in live cattle, 8436 down 450 in feeder cattle and -34691 up 1407 in lean hogs.

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

Headlines

Books against the session

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

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