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Commodities Daily

9 of 19 higher across the complex

November 4, 2026
Covering the November 4, 2026 session · COT 27 Oct

The complex had 9 of 19 markets higher on the 2026-11-04 close. The complex had 10 markets lower. Positioning is as of the 2026-10-27 Commitments of Traders report.

close04 Nov
COT report27 Oct
built05 Nov 11:49 UTC

All 23 markets

MarketLast1d1wNet (MM)z 52w
Energy
WTI Crude Oil88.65-11.03%-17.58%31,128-0.83
Brent Crude Oil95.23-11.02%-20.74%1,876-1.96
RBOB Gasoline2.74-6.71%-17.32%91,442+1.29
Heating Oil (ULSD)4.69-2.76%-3.81%8,446-0.69
Natural Gas2.96+12.55%+22.31%-206,317-3.12
Precious Metals
Gold4,074.10+3.39%+4.49%105,562-0.43
Silver52.36——3,321-1.78
Platinum1,503.50——1,765-1.91
Palladium1,008.50+8.44%+2.43%-13,297-2.95
Base Metals
Copper6.42+0.64%-0.60%40,575-1.92
Grains
Corn4.46+0.73%-0.45%81,113-0.23
Wheat (SRW)5.99-0.08%-0.70%-74,606-0.95
Wheat (HRW)6.34-0.31%-1.55%-517-0.41
Soybeans12.04——193,781+0.48
Soybean Oil0.63-2.91%-3.82%60,331-0.15
Soybean Meal319.90+0.60%-1.45%168,714+1.33
Softs
Sugar No. 110.18+0.76%-4.60%237,711+1.88
Coffee C2.79-1.57%-2.68%20,104-0.91
Cocoa5,427.00+0.24%-0.48%-10,940-0.25
Cotton No. 20.78+1.36%+0.33%47,877+0.70
Livestock
Live Cattle2.18-0.06%-2.67%56,573-1.37
Feeder Cattle3.26——14,194-0.14
Lean Hogs0.57-1.92%-2.38%-51,646-1.32
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 88.65 1d -11.03% net 31128 z -0.8286014912486157 | Brent Crude Oil last 95.23 1d -11.02% net 1876 z -1.956290678668104 | RBOB Gasoline last 2.7385 1d -6.71% net 91442 z 1.287213397446011 | Heating Oil (ULSD) last 4.69 1d -2.76% net 8446 z -0.6925342254474036 | Natural Gas last 2.96 1d 12.55% net -206317 z -3.1173725741152842 | Gold last 4074.1001 1d 3.39% net 105562 z -0.4317211383211428 | Silver last 52.36 1d None% net 3321 z -1.7843337863554078 | Platinum last 1503.5 1d None% net 1765 z -1.9066603522296481 | Palladium last 1008.5 1d 8.44% net -13297 z -2.9539375770291354 | Copper last 6.4195 1d 0.64% net 40575 z -1.9163276037664119 | Corn last 4.4575 1d 0.73% net 81113 z -0.2296671356322275 | Wheat (SRW) last 5.9925 1d -0.08% net -74606 z -0.9490723454158833 | Wheat (HRW) last 6.3425 1d -0.31% net -517 z -0.4148089734133026 | Soybeans last 12.0375 1d None% net 193781 z 0.4778858683525678 | Soybean Oil last 0.6338 1d -2.91% net 60331 z -0.14705434199893527 | Soybean Meal last 319.9 1d 0.6% net 168714 z 1.3285672236740111 | Sugar No. 11 last 0.1847 1d 0.76% net 237711 z 1.8782895636278192 | Coffee C last 2.795 1d -1.57% net 20104 z -0.9103611706836373 | Cocoa last 5427.0 1d 0.24% net -10940 z -0.245431888859433 | Cotton No. 2 last 0.7809 1d 1.36% net 47877 z 0.7030666017990271 | Live Cattle last 2.18025 1d -0.06% net 56573 z -1.374288050223498 | Feeder Cattle last 3.25775 1d None% net 14194 z -0.13510076777376764 | Lean Hogs last 0.57475 1d -1.92% 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 04 Nov close.

Energy

Energy was softer, 4 of 5 lower.

Energy was softer, 4 of 5 lower. Natural Gas rose 12.55%, with the book net short.

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.

Headlines

Precious Metals

Precious Metals were firmer, 2 of 2 higher.

Precious Metals were firmer, 2 of 2 higher. Palladium rose 8.44%, with the book net short.

Silver trimmed a heavily short net long; Platinum trimmed a heavily short net long; Palladium added to a washed out net short.

Headlines

Base Metals

Base Metals were firmer, 1 of 1 higher.

Base Metals were firmer, 1 of 1 higher. Copper rose 0.64%, with the book net long.

Copper trimmed a heavily short net long.

Headlines

Grains

Grains were softer, 3 of 5 lower.

Grains were softer, 3 of 5 lower. Soybean Oil fell 2.91%, with the book net long.

Wheat (HRW) flipped net short; Soybean Meal trimmed a extended net long.

Headlines

Softs

Softs were firmer, 3 of 4 higher.

Softs were firmer, 3 of 4 higher. Coffee C fell 1.57%, with the book net long.

Sugar No. 11 trimmed a extended net long.

Headlines

Livestock

Livestock was softer, 2 of 2 lower.

Livestock was softer, 2 of 2 lower. Lean Hogs fell 1.92%, with the book net short.

Live 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. 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. 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.