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Commodities Daily

5 of 18 higher across the complex

September 28, 2026
Covering the September 28, 2026 session · COT 22 Sep

The complex had 5 of 18 markets higher on the 2026-09-28 close. The complex had 13 markets lower. Positioning is as of the 2026-09-22 Commitments of Traders report.

close28 Sep
COT report22 Sep
built29 Sep 14:56 UTC
price dates span3d

All 23 markets

MarketLast1d1wNet (MM)z 52w
Energy
WTI Crude Oil92.49+0.09%+0.36%101,828+1.04
Brent Crude Oil97.79-6.26%-5.13%5,008-1.72
RBOB Gasoline3.16-6.85%-11.88%96,038+1.84
Heating Oil (ULSD)4.49-4.07%-5.91%9,437-0.64
Natural Gas3.12-2.22%+3.37%-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
Copper6.63-0.95%-0.69%82,522+1.77
Grains
Corn5.22-1.14%-1.28%404,097+1.92
Wheat (SRW)6.88-2.24%-2.96%-12,016+0.89
Wheat (HRW)7.45-2.30%-3.53%40,635+1.25
Soybeans12.88-2.37%-2.30%265,159+1.61
Soybean Oil0.68——92,137+0.41
Soybean Meal359.00——191,087+1.93
Softs
Sugar No. 110.19——216,629+2.55
Coffee C2.88+3.52%+4.53%15,806-1.54
Cocoa5,607.00-0.21%+1.43%-16,406-1.29
Cotton No. 20.83+4.57%+4.57%76,182+1.36
Livestock
Live Cattle2.21——49,090-2.12
Feeder Cattle3.30-1.53%-2.00%8,005-1.64
Lean Hogs0.69——-42,140-1.42
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 92.49 1d 0.09% net 101828 z 1.0384706485039596 | Brent Crude Oil last 97.79 1d -6.26% net 5008 z -1.716301314475725 | RBOB Gasoline last 3.1608 1d -6.85% net 96038 z 1.8433662729166245 | Heating Oil (ULSD) last 4.4941 1d -4.07% net 9437 z -0.6394086812761283 | Natural Gas last 3.125 1d -2.22% 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 6.632 1d -0.95% net 82522 z 1.7661926652729185 | Corn last 5.2225 1d -1.14% net 404097 z 1.9201344660054647 | Wheat (SRW) last 6.875 1d -2.24% net -12016 z 0.8920878355657852 | Wheat (HRW) last 7.445 1d -2.3% net 40635 z 1.2468278670149149 | Soybeans last 12.8775 1d -2.37% net 265159 z 1.6081404802669987 | Soybean Oil last 0.6763 1d None% net 92137 z 0.4084730898558562 | Soybean Meal last 359.0 1d None% net 191087 z 1.927310988961292 | Sugar No. 11 last 0.1857 1d None% net 216629 z 2.5541265348038578 | Coffee C last 2.884 1d 3.52% net 15806 z -1.5404056214852702 | Cocoa last 5607.0 1d -0.21% net -16406 z -1.2920390489244922 | Cotton No. 2 last 0.8252 1d 4.57% net 76182 z 1.3606963675141135 | Live Cattle last 2.20975 1d None% net 49090 z -2.1162021352073017 | Feeder Cattle last 3.298 1d -1.53% net 8005 z -1.6381535478259401 | Lean Hogs last 0.685 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 28 Sep close.

Energy

Energy was softer, 4 of 5 lower.

Energy was softer, 4 of 5 lower. RBOB Gasoline fell 6.85%, 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 softer, 1 of 1 lower.

Base Metals were softer, 1 of 1 lower. Copper fell 0.95%, with the book net long.

Copper added to a extended net long.

Headlines

Grains

Grains were softer, 4 of 4 lower.

Grains were softer, 4 of 4 lower. Soybeans fell 2.37%, 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 firmer, 2 of 3 higher.

Softs were firmer, 2 of 3 higher. Cotton No. 2 rose 4.57%, 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 1.53%, 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. 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. 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. 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.