Covering the November 3, 2026 session · COT 27 Oct
The complex had 6 of 21 markets higher on the 2026-11-03 close. The complex had 15 markets lower. Positioning is as of the 2026-10-27 Commitments of Traders report.
close03 Nov
COT report27 Oct
built04 Nov 12:05 UTC
All 23 markets
Market
Last
1d
1w
Net (MM)
z 52w
Energy
WTI Crude Oil
96.66
+0.21%
-5.24%
31,128
-0.83
Brent Crude Oil
104.35
-0.40%
-9.17%
1,876
-1.96
RBOB Gasoline
2.95
+1.65%
-7.44%
91,442
+1.29
Heating Oil (ULSD)
4.56
+3.12%
-3.73%
8,446
-0.69
Natural Gas
2.90
+1.61%
-1.69%
-206,317
-3.12
Precious Metals
Gold
3,928.60
-1.03%
-2.55%
105,562
-0.43
Silver
49.49
-2.43%
-5.18%
3,321
-1.78
Platinum
1,416.40
-2.92%
-5.24%
1,765
-1.91
Palladium
928.00
-3.84%
-7.26%
-13,297
-2.95
Base Metals
Copper
6.39
-2.36%
-2.92%
40,575
-1.92
Grains
Corn
4.42
-1.51%
-2.16%
81,113
-0.23
Wheat (SRW)
5.99
-1.28%
-0.83%
-74,606
-0.95
Wheat (HRW)
6.34
-1.78%
-1.67%
-517
-0.41
Soybeans
12.13
—
—
193,781
+0.48
Soybean Oil
0.65
+0.28%
-0.58%
60,331
-0.15
Soybean Meal
317.60
-0.63%
-3.55%
168,714
+1.33
Softs
Sugar No. 11
0.18
-3.73%
-5.75%
237,711
+1.88
Coffee C
2.84
-2.76%
-0.49%
20,104
-0.91
Cocoa
5,420.00
-0.28%
-0.66%
-10,940
-0.25
Cotton No. 2
0.77
-0.82%
-1.89%
47,877
+0.70
Livestock
Live Cattle
2.18
-0.69%
-4.00%
56,573
-1.37
Feeder Cattle
3.28
—
—
14,194
-0.14
Lean Hogs
0.59
+0.77%
-2.01%
-51,646
-1.32
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 96.66 1d 0.21% net 31128 z -0.8286014912486157 | Brent Crude Oil last 104.35 1d -0.4% net 1876 z -1.956290678668104 | RBOB Gasoline last 2.948 1d 1.65% net 91442 z 1.287213397446011 | Heating Oil (ULSD) last 4.5594 1d 3.12% net 8446 z -0.6925342254474036 | Natural Gas last 2.902 1d 1.61% net -206317 z -3.1173725741152842 | Gold last 3928.6001 1d -1.03% net 105562 z -0.4317211383211428 | Silver last 49.49 1d -2.43% net 3321 z -1.7843337863554078 | Platinum last 1416.4 1d -2.92% net 1765 z -1.9066603522296481 | Palladium last 928.0 1d -3.84% net -13297 z -2.9539375770291354 | Copper last 6.389 1d -2.36% net 40575 z -1.9163276037664119 | Corn last 4.415 1d -1.51% net 81113 z -0.2296671356322275 | Wheat (SRW) last 5.9875 1d -1.28% net -74606 z -0.9490723454158833 | Wheat (HRW) last 6.345 1d -1.78% net -517 z -0.4148089734133026 | Soybeans last 12.135 1d None% net 193781 z 0.4778858683525678 | Soybean Oil last 0.6526 1d 0.28% net 60331 z -0.14705434199893527 | Soybean Meal last 317.6 1d -0.63% net 168714 z 1.3285672236740111 | Sugar No. 11 last 0.1835 1d -3.73% net 237711 z 1.8782895636278192 | Coffee C last 2.8405 1d -2.76% net 20104 z -0.9103611706836373 | Cocoa last 5420.0 1d -0.28% net -10940 z -0.245431888859433 | Cotton No. 2 last 0.7702 1d -0.82% net 47877 z 0.7030666017990271 | Live Cattle last 2.18175 1d -0.69% net 56573 z -1.374288050223498 | Feeder Cattle last 3.28325 1d None% net 14194 z -0.13510076777376764 | Lean Hogs last 0.58625 1d 0.77% 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 03 Nov close.
Energy
Energy was firmer, 4 of 5 higher.
Energy was firmer, 4 of 5 higher. Heating Oil (ULSD) rose 3.12%, with the book net long.
Energy — session changeEnergy — one-session change | n 5 | Range: -0.40% to +3.12% | WTI Crude Oil +0.21%, Brent Crude Oil -0.40%, RBOB Gasoline +1.65%, Heating Oil (ULSD) +3.12%, Natural Gas +1.61%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 2026-11-03 | price n 252 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, 2026-11-03 96.66 | 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 2026-11-03 | price n 258 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, 2026-11-03 104.35 | 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 2026-11-03 | price n 253 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, 2026-11-03 2.95 | 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 2026-11-03 | price n 252 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, 2026-11-03 4.56 | 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 2026-11-03 | price n 252 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, 2026-11-03 2.90 | 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
Books against the sessionManaged-money 52-week z against one-session change | n 21 | WTI Crude Oil z -0.83 chg +0.21%, Brent Crude Oil z -1.96 chg -0.40%, RBOB Gasoline z +1.29 chg +1.65%, Heating Oil (ULSD) z -0.69 chg +3.12%, Natural Gas z -3.12 chg +1.61%, Gold z -0.43 chg -1.03%, Silver z -1.78 chg -2.43%, Platinum z -1.91 chg -2.92%, Palladium z -2.95 chg -3.84%, Copper z -1.92 chg -2.36%, Corn z -0.23 chg -1.51%, Wheat (SRW) z -0.95 chg -1.28%, Wheat (HRW) z -0.41 chg -1.78%, Soybean Oil z -0.15 chg +0.28%, Soybean Meal z +1.33 chg -0.63%, Sugar No. 11 z +1.88 chg -3.73%, Coffee C z -0.91 chg -2.76%, Cocoa z -0.25 chg -0.28%, Cotton No. 2 z +0.70 chg -0.82%, Live Cattle z -1.37 chg -0.69%, Lean Hogs z -1.32 chg +0.77%
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. 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. 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.