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Commodities Daily

7 of 18 higher across the complex

September 25, 2026
Covering the September 25, 2026 session · COT 22 Sep

The complex had 7 of 18 markets higher on the 2026-09-25 close. The complex had 11 markets lower. Positioning is as of the 2026-09-22 Commitments of Traders report.

close25 Sep
COT report22 Sep
built28 Sep 11:46 UTC

All 23 markets

MarketLast1d1wNet (MM)z 52w
Energy
WTI Crude Oil92.41-2.33%-7.87%101,828+1.04
Brent Crude Oil97.44——5,008-1.72
RBOB Gasoline3.19-10.58%-9.64%96,038+1.84
Heating Oil (ULSD)4.46-5.67%-11.78%9,437-0.64
Natural Gas3.23-2.18%+10.75%-65,547+0.33
Precious Metals
Gold4,261.05-0.13%-2.00%127,389+0.81
Silver65.02+2.26%-3.01%13,309-0.11
Platinum1,768.80+0.87%-1.36%9,928-0.08
Palladium1,256.75-1.02%-4.47%-6,006-1.51
Base Metals
Copper6.77+0.71%+2.28%82,522+1.77
Grains
Corn5.28+0.14%+0.14%404,097+1.92
Wheat (SRW)7.03-0.53%-1.54%-12,016+0.89
Wheat (HRW)7.62-0.65%-2.78%40,635+1.25
Soybeans13.19+0.11%+1.19%265,159+1.61
Soybean Oil0.68——92,137+0.41
Soybean Meal371.00——191,087+1.93
Softs
Sugar No. 110.18-0.34%+0.92%216,629+2.55
Coffee C2.78+1.00%-5.58%15,806-1.54
Cocoa5,603.00+0.23%+5.18%-16,406-1.29
Cotton No. 20.79-0.75%+1.98%76,182+1.36
Livestock
Live Cattle2.22——49,090-2.12
Feeder Cattle3.32-1.67%-0.48%8,005-1.64
Lean Hogs0.69——-42,140-1.42
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 92.41 1d -2.33% net 101828 z 1.0384706485039596 | Brent Crude Oil last 97.44 1d None% net 5008 z -1.716301314475725 | RBOB Gasoline last 3.1875 1d -10.58% net 96038 z 1.8433662729166245 | Heating Oil (ULSD) last 4.4621 1d -5.67% net 9437 z -0.6394086812761283 | Natural Gas last 3.225 1d -2.18% net -65547 z 0.3300811636948499 | Gold last 4261.05 1d -0.13% net 127389 z 0.8119807279886249 | Silver last 65.015 1d 2.26% net 13309 z -0.10753030382732534 | Platinum last 1768.8 1d 0.87% net 9928 z -0.07722358048979774 | Palladium last 1256.75 1d -1.02% net -6006 z -1.51219758264586 | Copper last 6.766 1d 0.71% net 82522 z 1.7661926652729185 | Corn last 5.2825 1d 0.14% net 404097 z 1.9201344660054647 | Wheat (SRW) last 7.0325 1d -0.53% net -12016 z 0.8920878355657852 | Wheat (HRW) last 7.62 1d -0.65% net 40635 z 1.2468278670149149 | Soybeans last 13.19 1d 0.11% net 265159 z 1.6081404802669987 | Soybean Oil last 0.6784 1d None% net 92137 z 0.4084730898558562 | Soybean Meal last 371.0 1d None% net 191087 z 1.927310988961292 | Sugar No. 11 last 0.1752 1d -0.34% net 216629 z 2.5541265348038578 | Coffee C last 2.781 1d 1.0% net 15806 z -1.5404056214852702 | Cocoa last 5603.0 1d 0.23% net -16406 z -1.2920390489244922 | Cotton No. 2 last 0.7891 1d -0.75% net 76182 z 1.3606963675141135 | Live Cattle last 2.2215 1d None% net 49090 z -2.1162021352073017 | Feeder Cattle last 3.31975 1d -1.67% net 8005 z -1.6381535478259401 | Lean Hogs last 0.69025 1d None% net -42140 z -1.4188502817813045

Net position is managed money longs minus shorts, in contracts; a positive number is a net long. Net positions are as of the 22 Sep report; prices are the 25 Sep close.

Energy

Energy was softer, 4 of 4 lower.

Energy was softer, 4 of 4 lower. RBOB Gasoline fell 10.58%, with the book net long.

WTI Crude Oil trimmed 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.

Precious Metals were mixed, 2 of 4 higher. Silver rose 2.26%, with the book net long.

Palladium added to a heavily short net short.

Headlines

Base Metals

Base Metals were firmer, 1 of 1 higher.

Base Metals were firmer, 1 of 1 higher. Copper rose 0.71%, with the book net long.

Copper added to a extended net long.

Headlines

Grains

Grains were mixed, 2 of 4 higher.

Grains were mixed, 2 of 4 higher. Wheat (HRW) fell 0.65%, with the book net long.

Corn trimmed a extended net long; Wheat (HRW) trimmed a extended net long; Soybeans added to a extended net long; Soybean Meal added to a extended net long.

Headlines

Softs

Softs were mixed, 2 of 4 higher.

Softs were mixed, 2 of 4 higher. Coffee C rose 1.00%, with the book net long.

Sugar No. 11 trimmed a stretched net long; Coffee C trimmed a heavily short net long; Cocoa added to a heavily short net short; Cotton No. 2 trimmed a extended net long.

Headlines

Livestock

Livestock was softer, 1 of 1 lower.

Livestock was softer, 1 of 1 lower. Feeder Cattle fell 1.67%, with the book net long.

Live Cattle added to a washed out net long; Feeder Cattle added to a heavily short net long; Lean Hogs added to 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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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. Brent Crude Oil: the two closes belong to two different contracts (BZX26.NYM then BZZ26.NYM) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. 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. Soybean Meal: the two closes belong to two different contracts (ZMV26.CBT then ZMZ26.CBT) — 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.