Covering the September 23, 2026 session · COT 15 Sep
The complex had 6 of 18 markets higher on the 2026-09-23 close. The complex had 12 markets lower. Positioning is as of the 2026-09-15 Commitments of Traders report.
close23 Sep
COT report15 Sep
built24 Sep 11:47 UTC
price dates span1d
All 23 markets
Market
Last
1d
1w
Net (MM)
z 52w
Energy
WTI Crude Oil
96.41
-0.58%
-6.59%
106,279
+1.18
Brent Crude Oil
114.89
-1.08%
-5.19%
7,896
-1.05
RBOB Gasoline
3.34
-4.10%
-5.19%
83,171
+1.04
Heating Oil (ULSD)
5.01
+0.60%
-3.23%
12,700
-0.30
Natural Gas
2.90
-1.02%
+0.00%
-100,205
-0.75
Precious Metals
Gold
4,329.55
+0.12%
-0.88%
133,116
+1.04
Silver
65.64
-0.36%
+2.35%
13,124
-0.19
Platinum
1,814.10
-0.62%
+0.99%
8,972
-0.32
Palladium
1,317.65
-0.77%
+1.34%
-5,688
-1.40
Base Metals
Copper
6.78
+0.24%
+2.43%
65,106
+0.27
Grains
Corn
5.29
-1.49%
+0.24%
414,460
+2.10
Wheat (SRW)
7.07
-1.39%
-0.98%
-3,674
+1.14
Wheat (HRW)
7.70
-1.50%
-1.82%
44,413
+1.41
Soybeans
13.18
-0.60%
+1.07%
241,501
+1.36
Soybean Oil
0.68
—
—
101,480
+0.56
Soybean Meal
370.20
+0.35%
+4.40%
183,111
+1.91
Softs
Sugar No. 11
0.19
—
—
225,430
+2.87
Coffee C
2.75
+0.95%
-6.67%
20,661
-1.10
Cocoa
5,519.00
+2.17%
+3.60%
-9,539
-0.26
Cotton No. 2
0.83
—
—
91,935
+1.68
Livestock
Live Cattle
2.22
—
—
47,696
-2.32
Feeder Cattle
3.29
-2.39%
-1.31%
7,211
-1.87
Lean Hogs
0.70
—
—
-37,768
-1.40
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 96.41 1d -0.58% net 106279 z 1.1808618618577509 | Brent Crude Oil last 114.89 1d -1.08% net 7896 z -1.0452757566101636 | RBOB Gasoline last 3.3445 1d -4.1% net 83171 z 1.0440163520061463 | Heating Oil (ULSD) last 5.007 1d 0.6% net 12700 z -0.30347743062330473 | Natural Gas last 2.9 1d -1.02% net -100205 z -0.7471932750823456 | Gold last 4329.55 1d 0.12% net 133116 z 1.038859100631731 | Silver last 65.635 1d -0.36% net 13124 z -0.18953033314822898 | Platinum last 1814.1 1d -0.62% net 8972 z -0.321104703515973 | Palladium last 1317.65 1d -0.77% net -5688 z -1.3956382159343474 | Copper last 6.7755 1d 0.24% net 65106 z 0.2701723358354456 | Corn last 5.2875 1d -1.49% net 414460 z 2.0959837504146073 | Wheat (SRW) last 7.0725 1d -1.39% net -3674 z 1.1411518124050017 | Wheat (HRW) last 7.695 1d -1.5% net 44413 z 1.4095874161105306 | Soybeans last 13.175 1d -0.6% net 241501 z 1.3550466299652308 | Soybean Oil last 0.6771 1d None% net 101480 z 0.5608763930221552 | Soybean Meal last 370.2 1d 0.35% net 183111 z 1.9057902771564723 | Sugar No. 11 last 0.1883 1d None% net 225430 z 2.871263328814282 | Coffee C last 2.749 1d 0.95% net 20661 z -1.0989974642759732 | Cocoa last 5519.0 1d 2.17% net -9539 z -0.26174554647530074 | Cotton No. 2 last 0.8302 1d None% net 91935 z 1.6830085311635536 | Live Cattle last 2.22175 1d None% net 47696 z -2.3217417911343126 | Feeder Cattle last 3.292 1d -2.39% net 7211 z -1.8675767367061642 | Lean Hogs last 0.70375 1d None% net -37768 z -1.4014683213215982
Net position is managed money longs minus shorts, in contracts; a positive number is a net long. Net positions are as of the 15 Sep report; prices are the 23 Sep close.
Energy
Energy was softer, 4 of 5 lower.
Energy was softer, 4 of 5 lower. RBOB Gasoline fell 4.10%, with the book net long.
Energy — session changeEnergy — one-session change | n 5 | Range: -4.10% to +0.60% | WTI Crude Oil -0.58%, Brent Crude Oil -1.08%, RBOB Gasoline -4.10%, Heating Oil (ULSD) +0.60%, Natural Gas -1.02%Energy — positioning, 52-week zEnergy — managed-money net, 52-week z | n 5 | WTI Crude Oil +1.18, Brent Crude Oil -1.05, RBOB Gasoline +1.04, Heating Oil (ULSD) -0.30, Natural Gas -0.75
WTI Crude Oil trimmed a extended net long; Brent Crude Oil added to a heavily short net long; RBOB Gasoline trimmed a extended net long.
WTI Crude Oil — price and positioningWTI Crude Oil price against managed-money net, 2025-09-23 to 2026-09-22 | price n 251 daily, range 55.44 to 114.58 $/bbl | net n 52 weekly | price sampled monthly: 2025-09-23 63.76, 2025-10-22 59.30, 2025-11-20 60.07, 2025-12-22 58.18, 2026-01-23 60.70, 2026-02-24 65.62, 2026-03-25 91.51, 2026-04-24 98.42, 2026-05-26 97.63, 2026-06-25 72.67, 2026-07-27 84.25, 2026-08-25 83.90, 2026-09-22 96.41 | net sampled monthly: 2025-09-23 26,483, 2025-10-21 -38,154, 2025-11-18 -12,671, 2025-12-16 74, 2026-01-13 47,570, 2026-02-10 79,146, 2026-03-10 92,122, 2026-04-07 78,700, 2026-05-05 70,791, 2026-06-02 90,765, 2026-06-30 81,282, 2026-07-28 92,943, 2026-08-25 84,020, 2026-09-15 106,279Brent Crude Oil — price and positioningBrent Crude Oil price against managed-money net, 2025-09-23 to 2026-09-22 | price n 257 daily, range 59.93 to 138.21 $/bbl | net n 52 weekly | price sampled monthly: 2025-09-23 67.96, 2025-10-22 62.28, 2025-11-20 63.64, 2025-12-19 61.35, 2026-01-21 66.72, 2026-02-19 73.17, 2026-03-20 118.42, 2026-04-21 106.14, 2026-05-20 108.93, 2026-06-19 80.46, 2026-07-20 86.99, 2026-08-18 95.29, 2026-09-16 127.84, 2026-09-22 114.89 | net sampled monthly: 2025-09-23 5,457, 2025-10-21 11,000, 2025-11-18 16,738, 2025-12-16 10,924, 2026-01-13 17,713, 2026-02-10 14,238, 2026-03-10 14,194, 2026-04-07 15,620, 2026-05-05 17,049, 2026-06-02 6,799, 2026-06-30 6,498, 2026-07-28 15,740, 2026-08-25 7,126, 2026-09-15 7,896RBOB Gasoline — price and positioningRBOB Gasoline price against managed-money net, 2025-09-23 to 2026-09-23 | price n 253 daily, range 1.68 to 3.77 $/gal | net n 52 weekly | price sampled monthly: 2025-09-23 2.00, 2025-10-22 1.86, 2025-11-20 1.92, 2025-12-22 1.74, 2026-01-23 1.85, 2026-02-24 1.97, 2026-03-25 3.01, 2026-04-24 3.46, 2026-05-26 3.22, 2026-06-25 3.03, 2026-07-27 3.33, 2026-08-25 3.25, 2026-09-23 3.34 | net sampled monthly: 2025-09-23 48,695, 2025-10-21 36,103, 2025-11-18 99,395, 2025-12-16 62,939, 2026-01-13 57,380, 2026-02-10 79,741, 2026-03-10 76,098, 2026-04-07 59,177, 2026-05-05 65,703, 2026-06-02 67,773, 2026-06-30 71,924, 2026-07-28 73,877, 2026-08-25 79,652, 2026-09-15 83,171Heating Oil (ULSD) — price and positioningHeating Oil (ULSD) price against managed-money net, 2025-09-23 to 2026-09-22 | price n 251 daily, range 2.09 to 5.37 $/gal | net n 52 weekly | price sampled monthly: 2025-09-23 2.39, 2025-10-22 2.33, 2025-11-20 2.58, 2025-12-22 2.21, 2026-01-23 2.33, 2026-02-24 2.78, 2026-03-25 4.08, 2026-04-24 4.03, 2026-05-26 3.78, 2026-06-25 3.30, 2026-07-27 4.10, 2026-08-25 4.19, 2026-09-22 5.01 | net sampled monthly: 2025-09-23 21,820, 2025-10-21 11,948, 2025-11-18 38,656, 2025-12-16 12,455, 2026-01-13 -5,460, 2026-02-10 20,575, 2026-03-10 20,439, 2026-04-07 17,766, 2026-05-05 11,779, 2026-06-02 11,997, 2026-06-30 8,481, 2026-07-28 11,246, 2026-08-25 16,641, 2026-09-15 12,700Natural Gas — price and positioningNatural Gas price against managed-money net, 2025-09-23 to 2026-09-22 | price n 251 daily, range 2.54 to 30.72 $/MMBtu | net n 52 weekly | price sampled monthly: 2025-09-23 2.86, 2025-10-22 3.45, 2025-11-20 3.97, 2025-12-22 3.67, 2026-01-23 30.72, 2026-02-24 2.99, 2026-03-25 2.94, 2026-04-24 2.54, 2026-05-26 3.10, 2026-06-25 3.21, 2026-07-27 2.63, 2026-08-25 2.70, 2026-09-22 2.90 | net sampled monthly: 2025-09-23 -63,176, 2025-10-21 -45,917, 2025-11-18 -59,654, 2025-12-16 -66,328, 2026-01-13 -105,134, 2026-02-10 -8,188, 2026-03-10 -62,982, 2026-04-07 -86,033, 2026-05-05 -107,489, 2026-06-02 -114,854, 2026-06-30 -64,808, 2026-07-28 -105,826, 2026-08-25 -71,673, 2026-09-15 -100,205
Books against the sessionManaged-money 52-week z against one-session change | n 18 | WTI Crude Oil z +1.18 chg -0.58%, Brent Crude Oil z -1.05 chg -1.08%, RBOB Gasoline z +1.04 chg -4.10%, Heating Oil (ULSD) z -0.30 chg +0.60%, Natural Gas z -0.75 chg -1.02%, Gold z +1.04 chg +0.12%, Silver z -0.19 chg -0.36%, Platinum z -0.32 chg -0.62%, Palladium z -1.40 chg -0.77%, Copper z +0.27 chg +0.24%, Corn z +2.10 chg -1.49%, Wheat (SRW) z +1.14 chg -1.39%, Wheat (HRW) z +1.41 chg -1.50%, Soybeans z +1.36 chg -0.60%, Soybean Meal z +1.91 chg +0.35%, Coffee C z -1.10 chg +0.95%, Cocoa z -0.26 chg +2.17%, Feeder Cattle z -1.87 chg -2.39%
Managed-money net position expressed as a z-score over 52 weeks, against the session price change. Live cross-section.
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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. Soybean Oil: the two closes belong to two different contracts (ZLV26.CBT then ZLZ26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Sugar No. 11: the two closes belong to two different contracts (SBV26.NYB then SBH27.NYB) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Cotton No. 2: the two closes belong to two different contracts (CTV26.NYB then CTZ26.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 (LEV26.CME then LEZ26.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 (HEV26.CME then HEZ26.CME) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.