Covering the November 5, 2026 session · COT 27 Oct
The complex had 12 of 19 markets higher on the 2026-11-05 close. The complex had 7 markets lower. Positioning is as of the 2026-10-27 Commitments of Traders report.
close05 Nov
COT report27 Oct
built06 Nov 11:49 UTC
All 23 markets
Market
Last
1d
1w
Net (MM)
z 52w
Energy
WTI Crude Oil
90.56
+2.71%
-15.81%
31,128
-0.83
Brent Crude Oil
98.28
+3.85%
-18.20%
1,876
-1.96
RBOB Gasoline
2.77
+1.37%
-16.48%
91,442
+1.29
Heating Oil (ULSD)
4.82
+2.77%
-1.15%
8,446
-0.69
Natural Gas
2.95
+0.34%
+21.90%
-206,317
-3.12
Precious Metals
Gold
4,116.80
+1.08%
+5.59%
105,562
-0.43
Silver
52.30
+0.34%
+6.51%
3,321
-1.78
Platinum
1,528.80
—
—
1,765
-1.91
Palladium
1,045.50
+4.57%
+6.19%
-13,297
-2.95
Base Metals
Copper
6.23
-2.71%
-3.55%
40,575
-1.92
Grains
Corn
4.41
-0.79%
-1.56%
81,113
-0.23
Wheat (SRW)
5.99
+0.13%
-0.70%
-74,606
-0.95
Wheat (HRW)
6.35
+0.40%
-1.40%
-517
-0.41
Soybeans
11.90
—
—
193,781
+0.48
Soybean Oil
0.62
-2.06%
-5.58%
60,331
-0.15
Soybean Meal
317.40
-0.38%
-2.22%
168,714
+1.33
Softs
Sugar No. 11
0.19
+0.70%
-3.93%
237,711
+1.88
Coffee C
2.77
-0.84%
-3.41%
20,104
-0.91
Cocoa
5,290.00
—
—
-10,940
-0.25
Cotton No. 2
0.78
+0.44%
+0.80%
47,877
+0.70
Livestock
Live Cattle
2.14
-1.62%
-4.25%
56,573
-1.37
Feeder Cattle
3.21
—
—
14,194
-0.14
Lean Hogs
0.55
-4.47%
-6.62%
-51,646
-1.32
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 90.56 1d 2.71% net 31128 z -0.8286014912486157 | Brent Crude Oil last 98.28 1d 3.85% net 1876 z -1.956290678668104 | RBOB Gasoline last 2.7661 1d 1.37% net 91442 z 1.287213397446011 | Heating Oil (ULSD) last 4.82 1d 2.77% net 8446 z -0.6925342254474036 | Natural Gas last 2.95 1d 0.34% net -206317 z -3.1173725741152842 | Gold last 4116.7998 1d 1.08% net 105562 z -0.4317211383211428 | Silver last 52.295 1d 0.34% net 3321 z -1.7843337863554078 | Platinum last 1528.8 1d None% net 1765 z -1.9066603522296481 | Palladium last 1045.5 1d 4.57% net -13297 z -2.9539375770291354 | Copper last 6.2295 1d -2.71% net 40575 z -1.9163276037664119 | Corn last 4.4075 1d -0.79% net 81113 z -0.2296671356322275 | Wheat (SRW) last 5.9925 1d 0.13% net -74606 z -0.9490723454158833 | Wheat (HRW) last 6.3525 1d 0.4% net -517 z -0.4148089734133026 | Soybeans last 11.8975 1d None% net 193781 z 0.4778858683525678 | Soybean Oil last 0.6222 1d -2.06% net 60331 z -0.14705434199893527 | Soybean Meal last 317.4 1d -0.38% net 168714 z 1.3285672236740111 | Sugar No. 11 last 0.186 1d 0.7% net 237711 z 1.8782895636278192 | Coffee C last 2.774 1d -0.84% net 20104 z -0.9103611706836373 | Cocoa last 5290.0 1d None% net -10940 z -0.245431888859433 | Cotton No. 2 last 0.7845 1d 0.44% net 47877 z 0.7030666017990271 | Live Cattle last 2.14475 1d -1.62% net 56573 z -1.374288050223498 | Feeder Cattle last 3.20575 1d None% net 14194 z -0.13510076777376764 | Lean Hogs last 0.54975 1d -4.47% 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 05 Nov close.
Energy
Energy was firmer, 5 of 5 higher.
Energy was firmer, 5 of 5 higher. Brent Crude Oil rose 3.85%, with the book net long.
Energy — session changeEnergy — one-session change | n 5 | Range: +0.34% to +3.85% | WTI Crude Oil +2.71%, Brent Crude Oil +3.85%, RBOB Gasoline +1.37%, Heating Oil (ULSD) +2.77%, Natural Gas +0.34%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, 2025-11-05 to 2026-11-05 | price n 252 daily, range 55.44 to 114.58 $/bbl | net n 51 weekly | price sampled monthly: 2025-11-05 60.40, 2025-12-05 60.23, 2026-01-07 56.01, 2026-02-06 63.77, 2026-03-10 83.71, 2026-04-09 99.62, 2026-05-08 98.87, 2026-06-09 91.90, 2026-07-10 72.45, 2026-08-10 83.76, 2026-09-09 97.26, 2026-10-08 98.26, 2026-11-05 90.56 | net sampled monthly: 2025-11-10 -11,646, 2025-12-09 6,878, 2026-01-06 24,528, 2026-02-03 76,760, 2026-03-03 68,385, 2026-03-31 73,347, 2026-04-28 80,331, 2026-05-26 79,924, 2026-06-23 82,872, 2026-07-21 63,979, 2026-08-18 87,479, 2026-09-15 106,279, 2026-10-13 40,574, 2026-10-27 31,128Brent Crude Oil — price and positioningBrent Crude Oil price against managed-money net, 2025-11-05 to 2026-11-05 | price n 258 daily, range 59.93 to 138.21 $/bbl | net n 51 weekly | price sampled monthly: 2025-11-05 63.54, 2025-12-04 64.15, 2026-01-06 62.10, 2026-02-04 71.15, 2026-03-05 88.59, 2026-04-06 109.77, 2026-05-05 114.51, 2026-06-04 98.98, 2026-07-03 68.68, 2026-08-03 88.90, 2026-09-01 96.02, 2026-09-30 115.91, 2026-10-29 115.28, 2026-11-05 98.28 | net sampled monthly: 2025-11-10 18,488, 2025-12-09 14,829, 2026-01-06 16,484, 2026-02-03 13,281, 2026-03-03 15,099, 2026-03-31 19,881, 2026-04-28 13,812, 2026-05-26 9,568, 2026-06-23 6,823, 2026-07-21 14,255, 2026-08-18 6,836, 2026-09-15 7,896, 2026-10-13 2,703, 2026-10-27 1,876RBOB Gasoline — price and positioningRBOB Gasoline price against managed-money net, 2025-11-05 to 2026-11-05 | price n 253 daily, range 1.68 to 3.77 $/gal | net n 51 weekly | price sampled monthly: 2025-11-05 1.91, 2025-12-05 1.83, 2026-01-07 1.69, 2026-02-06 1.95, 2026-03-10 2.64, 2026-04-09 3.00, 2026-05-08 3.53, 2026-06-09 3.02, 2026-07-10 2.98, 2026-08-10 3.14, 2026-09-08 3.25, 2026-10-07 3.23, 2026-11-05 2.77 | net sampled monthly: 2025-11-10 77,000, 2025-12-09 84,498, 2026-01-06 49,065, 2026-02-03 67,731, 2026-03-03 85,285, 2026-03-31 63,483, 2026-04-28 61,800, 2026-05-26 67,062, 2026-06-23 71,095, 2026-07-21 73,707, 2026-08-18 74,081, 2026-09-15 83,171, 2026-10-13 97,908, 2026-10-27 91,442Heating Oil (ULSD) — price and positioningHeating Oil (ULSD) price against managed-money net, 2025-11-05 to 2026-11-05 | price n 252 daily, range 2.09 to 5.37 $/gal | net n 51 weekly | price sampled monthly: 2025-11-05 2.48, 2025-12-05 2.42, 2026-01-07 2.09, 2026-02-06 2.35, 2026-03-10 3.46, 2026-04-09 3.98, 2026-05-08 3.93, 2026-06-09 3.53, 2026-07-10 3.57, 2026-08-10 4.21, 2026-09-09 4.85, 2026-10-08 5.30, 2026-11-05 4.82 | net sampled monthly: 2025-11-10 38,673, 2025-12-09 19,969, 2026-01-06 451, 2026-02-03 24,377, 2026-03-03 23,352, 2026-03-31 19,425, 2026-04-28 12,499, 2026-05-26 7,689, 2026-06-23 6,408, 2026-07-21 13,381, 2026-08-18 15,883, 2026-09-15 12,700, 2026-10-13 12,074, 2026-10-27 8,446Natural Gas — price and positioningNatural Gas price against managed-money net, 2025-11-05 to 2026-11-05 | price n 252 daily, range 2.42 to 30.72 $/MMBtu | net n 51 weekly | price sampled monthly: 2025-11-05 3.51, 2025-12-05 5.19, 2026-01-07 3.10, 2026-02-06 4.37, 2026-03-10 3.08, 2026-04-09 2.78, 2026-05-08 2.75, 2026-06-09 3.18, 2026-07-10 2.73, 2026-08-10 2.72, 2026-09-09 2.81, 2026-10-08 3.24, 2026-11-05 2.95 | net sampled monthly: 2025-11-10 -52,820, 2025-12-09 -31,091, 2026-01-06 -101,384, 2026-02-03 -47, 2026-03-03 -76,252, 2026-03-31 -67,616, 2026-04-28 -97,245, 2026-05-26 -134,426, 2026-06-23 -82,722, 2026-07-21 -102,756, 2026-08-18 -100,080, 2026-09-15 -100,205, 2026-10-13 -126,481, 2026-10-27 -206,317
Books against the sessionManaged-money 52-week z against one-session change | n 19 | WTI Crude Oil z -0.83 chg +2.71%, Brent Crude Oil z -1.96 chg +3.85%, RBOB Gasoline z +1.29 chg +1.37%, Heating Oil (ULSD) z -0.69 chg +2.77%, Natural Gas z -3.12 chg +0.34%, Gold z -0.43 chg +1.08%, Silver z -1.78 chg +0.34%, Palladium z -2.95 chg +4.57%, Copper z -1.92 chg -2.71%, Corn z -0.23 chg -0.79%, Wheat (SRW) z -0.95 chg +0.13%, Wheat (HRW) z -0.41 chg +0.40%, Soybean Oil z -0.15 chg -2.06%, Soybean Meal z +1.33 chg -0.38%, Sugar No. 11 z +1.88 chg +0.70%, Coffee C z -0.91 chg -0.84%, Cotton No. 2 z +0.70 chg +0.44%, Live Cattle z -1.37 chg -1.62%, Lean Hogs z -1.32 chg -4.47%
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. 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. Cocoa: the two closes belong to two different contracts (CCZ26.NYB then CCH27.NYB) — 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.