Covering the November 2, 2026 session · COT 27 Oct
The complex had 4 of 15 markets higher on the 2026-11-02 close. The complex had 10 markets lower. Positioning is as of the 2026-10-27 Commitments of Traders report.
close02 Nov
COT report27 Oct
built03 Nov 12:43 UTC
All 23 markets
Market
Last
1d
1w
Net (MM)
z 52w
Energy
WTI Crude Oil
96.19
-7.62%
-6.41%
31,128
-0.83
Brent Crude Oil
104.34
—
—
1,876
-1.96
RBOB Gasoline
2.91
-12.28%
-8.45%
91,442
+1.29
Heating Oil (ULSD)
4.42
-7.76%
-8.23%
8,446
-0.69
Natural Gas
2.87
-1.00%
+1.85%
-206,317
-3.12
Precious Metals
Gold
3,951.80
+1.36%
-2.46%
105,562
-0.43
Silver
50.65
—
—
3,321
-1.78
Platinum
1,449.90
—
—
1,765
-1.91
Palladium
962.00
—
—
-13,297
-2.95
Base Metals
Copper
6.54
—
—
40,575
-1.92
Grains
Corn
4.48
+0.00%
-0.89%
81,113
-0.23
Wheat (SRW)
6.06
+0.41%
+1.17%
-74,606
-0.95
Wheat (HRW)
6.46
+0.27%
+0.47%
-517
-0.41
Soybeans
12.16
—
—
193,781
+0.48
Soybean Oil
0.65
-1.35%
-0.84%
60,331
-0.15
Soybean Meal
319.40
-1.60%
-4.86%
168,714
+1.33
Softs
Sugar No. 11
0.19
-1.86%
-1.76%
237,711
+1.88
Coffee C
2.94
+2.42%
+2.58%
20,104
-0.91
Cocoa
5,392.00
-1.12%
-1.17%
-10,940
-0.25
Cotton No. 2
0.77
-0.53%
-0.93%
47,877
+0.70
Livestock
Live Cattle
2.19
—
—
56,573
-1.37
Feeder Cattle
3.33
—
—
14,194
-0.14
Lean Hogs
0.58
-0.85%
-0.38%
-51,646
-1.32
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 96.19 1d -7.62% net 31128 z -0.8286014912486157 | Brent Crude Oil last 104.34 1d None% net 1876 z -1.956290678668104 | RBOB Gasoline last 2.9052 1d -12.28% net 91442 z 1.287213397446011 | Heating Oil (ULSD) last 4.4187 1d -7.76% net 8446 z -0.6925342254474036 | Natural Gas last 2.869 1d -1.0% net -206317 z -3.1173725741152842 | Gold last 3951.8 1d 1.36% net 105562 z -0.4317211383211428 | Silver last 50.645 1d None% net 3321 z -1.7843337863554078 | Platinum last 1449.9 1d None% net 1765 z -1.9066603522296481 | Palladium last 962.0 1d None% net -13297 z -2.9539375770291354 | Copper last 6.541 1d None% net 40575 z -1.9163276037664119 | Corn last 4.4775 1d 0.0% net 81113 z -0.2296671356322275 | Wheat (SRW) last 6.06 1d 0.41% net -74606 z -0.9490723454158833 | Wheat (HRW) last 6.46 1d 0.27% net -517 z -0.4148089734133026 | Soybeans last 12.16 1d None% net 193781 z 0.4778858683525678 | Soybean Oil last 0.6501 1d -1.35% net 60331 z -0.14705434199893527 | Soybean Meal last 319.4 1d -1.6% net 168714 z 1.3285672236740111 | Sugar No. 11 last 0.19 1d -1.86% net 237711 z 1.8782895636278192 | Coffee C last 2.9415 1d 2.42% net 20104 z -0.9103611706836373 | Cocoa last 5392.0 1d -1.12% net -10940 z -0.245431888859433 | Cotton No. 2 last 0.7742 1d -0.53% net 47877 z 0.7030666017990271 | Live Cattle last 2.19425 1d None% net 56573 z -1.374288050223498 | Feeder Cattle last 3.326 1d None% net 14194 z -0.13510076777376764 | Lean Hogs last 0.58375 1d -0.85% net -51646 z -1.3206697685394908
Net position is managed money longs minus shorts, in contracts; a positive number is a net long. Net positions are as of the 27 Oct report; prices are the 02 Nov close.
Energy
Energy was softer, 4 of 4 lower.
Energy was softer, 4 of 4 lower. RBOB Gasoline fell 12.28%, with the book net long.
Energy — session changeEnergy — one-session change | n 4 | Range: -12.28% to -1.00% | WTI Crude Oil -7.62%, RBOB Gasoline -12.28%, Heating Oil (ULSD) -7.76%, Natural Gas -1.00%Energy — positioning, 52-week zEnergy — managed-money net, 52-week z | n 5 | WTI Crude Oil -0.83, Brent Crude Oil -1.96, RBOB Gasoline +1.29, Heating Oil (ULSD) -0.69, Natural Gas -3.12
Brent Crude Oil trimmed a heavily short net long; RBOB Gasoline trimmed a extended net long; Natural Gas added to a washed out net short.
WTI Crude Oil — price and positioningWTI Crude Oil price against managed-money net, 2025-11-03 to 2026-11-02 | price n 251 daily, range 55.27 to 112.95 $/bbl | net n 52 weekly | price sampled monthly: 2025-11-03 61.05, 2025-12-03 58.95, 2026-01-05 58.32, 2026-02-04 65.14, 2026-03-06 90.90, 2026-04-07 112.95, 2026-05-06 95.08, 2026-06-05 90.54, 2026-07-08 73.52, 2026-08-06 77.29, 2026-09-04 91.48, 2026-10-06 89.44, 2026-11-02 96.19 | net sampled monthly: 2025-11-04 7,737, 2025-12-02 -34,768, 2025-12-30 15,743, 2026-01-27 59,047, 2026-02-24 67,700, 2026-03-24 94,336, 2026-04-21 99,887, 2026-05-19 98,219, 2026-06-16 96,228, 2026-07-14 61,974, 2026-08-11 79,916, 2026-09-08 111,731, 2026-10-06 53,598, 2026-10-27 31,128Brent Crude Oil — price and positioningBrent Crude Oil price against managed-money net, 2025-11-03 to 2026-11-02 | price n 257 daily, range 58.92 to 118.35 $/bbl | net n 52 weekly | price sampled monthly: 2025-11-03 64.89, 2025-12-02 62.45, 2026-01-02 60.75, 2026-02-02 66.30, 2026-03-03 81.40, 2026-04-01 101.16, 2026-05-01 108.17, 2026-06-02 96.00, 2026-07-01 71.57, 2026-07-30 89.03, 2026-08-28 89.31, 2026-09-28 105.28, 2026-10-27 113.88, 2026-11-02 104.34 | net sampled monthly: 2025-11-04 18,620, 2025-12-02 15,434, 2025-12-30 15,653, 2026-01-27 17,105, 2026-02-24 11,048, 2026-03-24 22,277, 2026-04-21 13,431, 2026-05-19 12,930, 2026-06-16 8,130, 2026-07-14 12,537, 2026-08-11 7,084, 2026-09-08 5,913, 2026-10-06 3,357, 2026-10-27 1,876RBOB Gasoline — price and positioningRBOB Gasoline price against managed-money net, 2025-11-03 to 2026-11-02 | price n 252 daily, range 1.68 to 3.77 $/gal | net n 52 weekly | price sampled monthly: 2025-11-03 1.92, 2025-12-03 1.83, 2026-01-05 1.72, 2026-02-04 1.97, 2026-03-06 2.75, 2026-04-07 3.31, 2026-05-06 3.46, 2026-06-05 3.05, 2026-07-08 3.10, 2026-08-06 2.94, 2026-09-04 3.21, 2026-10-05 3.25, 2026-11-02 2.91 | net sampled monthly: 2025-11-04 62,158, 2025-12-02 95,291, 2025-12-30 52,631, 2026-01-27 65,207, 2026-02-24 88,820, 2026-03-24 71,252, 2026-04-21 58,127, 2026-05-19 61,674, 2026-06-16 67,420, 2026-07-14 68,725, 2026-08-11 69,851, 2026-09-08 92,848, 2026-10-06 97,086, 2026-10-27 91,442Heating Oil (ULSD) — price and positioningHeating Oil (ULSD) price against managed-money net, 2025-11-03 to 2026-11-02 | price n 251 daily, range 2.06 to 5.26 $/gal | net n 52 weekly | price sampled monthly: 2025-11-03 2.41, 2025-12-03 2.30, 2026-01-05 2.14, 2026-02-04 2.47, 2026-03-06 3.62, 2026-04-07 4.48, 2026-05-06 3.79, 2026-06-05 3.59, 2026-07-08 3.66, 2026-08-06 3.88, 2026-09-04 4.54, 2026-10-06 4.57, 2026-11-02 4.42 | net sampled monthly: 2025-11-04 33,113, 2025-12-02 21,237, 2025-12-30 3,628, 2026-01-27 11,174, 2026-02-24 22,876, 2026-03-24 19,571, 2026-04-21 13,866, 2026-05-19 11,023, 2026-06-16 9,519, 2026-07-14 10,705, 2026-08-11 13,574, 2026-09-08 15,359, 2026-10-06 11,427, 2026-10-27 8,446Natural Gas — price and positioningNatural Gas price against managed-money net, 2025-11-03 to 2026-11-02 | price n 251 daily, range 2.52 to 7.46 $/MMBtu | net n 52 weekly | price sampled monthly: 2025-11-03 4.27, 2025-12-03 5.00, 2026-01-05 3.52, 2026-02-04 3.46, 2026-03-06 3.19, 2026-04-07 2.87, 2026-05-06 2.73, 2026-06-05 3.23, 2026-07-08 3.21, 2026-08-06 2.64, 2026-09-04 2.98, 2026-10-06 3.11, 2026-11-02 2.87 | net sampled monthly: 2025-11-04 -43,986, 2025-12-02 -39,973, 2025-12-30 -83,965, 2026-01-27 -21,934, 2026-02-24 -75,875, 2026-03-24 -54,155, 2026-04-21 -100,574, 2026-05-19 -96,303, 2026-06-16 -84,909, 2026-07-14 -105,709, 2026-08-11 -110,630, 2026-09-08 -96,742, 2026-10-06 -144,537, 2026-10-27 -206,317
Base Metals is not available in this edition: no market in the section carries a session price.
Base Metals — session changeBase Metals | no data available for this section | n 0Base Metals — positioning, 52-week zBase Metals — managed-money net, 52-week z | n 1 | Copper -1.92
Copper trimmed a heavily short net long.
Copper — price and positioningCopper price against managed-money net, 2025-11-03 to 2026-11-02 | price n 252 daily, range 4.93 to 6.80 $/lb | net n 52 weekly | price sampled monthly: 2025-11-03 5.05, 2025-12-03 5.31, 2026-01-05 5.92, 2026-02-04 5.83, 2026-03-06 5.76, 2026-04-07 5.54, 2026-05-06 6.14, 2026-06-05 6.26, 2026-07-08 6.05, 2026-08-06 6.69, 2026-09-04 6.60, 2026-10-05 6.59, 2026-11-02 6.54 | net sampled monthly: 2025-11-04 60,729, 2025-12-02 63,459, 2025-12-30 71,019, 2026-01-27 58,018, 2026-02-24 51,027, 2026-03-24 35,284, 2026-04-21 59,585, 2026-05-19 74,188, 2026-06-16 69,008, 2026-07-14 60,185, 2026-08-11 79,027, 2026-09-08 82,154, 2026-10-06 61,134, 2026-10-27 40,575
Books against the sessionManaged-money 52-week z against one-session change | n 15 | WTI Crude Oil z -0.83 chg -7.62%, RBOB Gasoline z +1.29 chg -12.28%, Heating Oil (ULSD) z -0.69 chg -7.76%, Natural Gas z -3.12 chg -1.00%, Gold z -0.43 chg +1.36%, Corn z -0.23 chg +0.00%, Wheat (SRW) z -0.95 chg +0.41%, Wheat (HRW) z -0.41 chg +0.27%, Soybean Oil z -0.15 chg -1.35%, Soybean Meal z +1.33 chg -1.60%, Sugar No. 11 z +1.88 chg -1.86%, Coffee C z -0.91 chg +2.42%, Cocoa z -0.25 chg -1.12%, Cotton No. 2 z +0.70 chg -0.53%, Lean Hogs z -1.32 chg -0.85%
Managed-money net position expressed as a z-score over 52 weeks, against the session price change. Live cross-section.
Get this every weekday morning
The Commodities Daily lands before the US open with the previous session's close, managed-money positioning, and the tape across energy, metals, grains, softs and livestock. Free.
One-click unsubscribe in every email, and you can manage every RoboMacro newsletter from the same subscriptions page.
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 (BZZ26.NYM then BZF27.NYM) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Silver: the two closes belong to two different contracts (SIX26.CMX then SIZ26.CMX) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Platinum: the two closes belong to two different contracts (PLX26.NYM then PLZ26.NYM) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Palladium: the two closes belong to two different contracts (PAX26.NYM then PAZ26.NYM) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Copper: the two closes belong to two different contracts (HGX26.CMX then HGZ26.CMX) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Soybeans: the two closes belong to two different contracts (ZSX26.CBT then ZSF27.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 (LEG27.CME then LEZ26.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 (GFX26.CME then GFF27.CME) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.