Covering the November 9, 2026 session · COT 03 Nov
The complex had 6 of 17 markets higher on the 2026-11-09 close. The complex had 11 markets lower. Positioning is as of the 2026-11-03 Commitments of Traders report.
close09 Nov
COT report03 Nov
built10 Nov 11:49 UTC
All 23 markets
Market
Last
1d
1w
Net (MM)
z 52w
Energy
WTI Crude Oil
86.15
-5.15%
-2.24%
21,728
-1.10
Brent Crude Oil
92.02
-6.41%
-2.75%
4,671
-1.35
RBOB Gasoline
2.64
-4.93%
-3.26%
86,971
+0.92
Heating Oil (ULSD)
4.18
-3.41%
-0.51%
7,038
-0.83
Natural Gas
3.21
+6.90%
+8.31%
-225,359
-3.18
Precious Metals
Gold
4,153.20
+1.92%
+1.97%
103,614
-0.56
Silver
53.48
—
—
4,035
-1.57
Platinum
1,580.60
+2.76%
+5.30%
-1,283
-2.47
Palladium
1,037.00
—
—
-15,216
-3.10
Base Metals
Copper
6.38
—
—
34,890
-2.24
Grains
Corn
4.39
-0.62%
-1.24%
8,795
-0.70
Wheat (SRW)
5.88
-0.63%
-1.84%
-87,126
-1.28
Wheat (HRW)
6.32
-0.12%
-0.16%
-5,109
-0.67
Soybeans
11.87
-0.17%
-0.52%
142,727
-0.23
Soybean Oil
0.62
-0.53%
-2.52%
47,413
-0.36
Soybean Meal
320.70
+0.47%
+0.66%
108,367
+0.46
Softs
Sugar No. 11
0.18
-0.16%
-1.41%
223,784
+1.70
Coffee C
2.67
—
—
14,732
-1.52
Cocoa
5,113.00
—
—
-12,253
-0.47
Cotton No. 2
0.79
-0.58%
+0.69%
44,168
+0.61
Livestock
Live Cattle
2.16
+1.06%
-0.77%
49,691
-1.55
Feeder Cattle
3.25
—
—
13,597
-0.26
Lean Hogs
0.56
+4.58%
-2.74%
-59,072
-1.38
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 86.15 1d -5.15% net 21728 z -1.0961216876140583 | Brent Crude Oil last 92.02 1d -6.41% net 4671 z -1.3478188264625734 | RBOB Gasoline last 2.6397 1d -4.93% net 86971 z 0.9207160521598282 | Heating Oil (ULSD) last 4.1842 1d -3.41% net 7038 z -0.8344236545412622 | Natural Gas last 3.205 1d 6.9% net -225359 z -3.184374605386391 | Gold last 4153.2002 1d 1.92% net 103614 z -0.5550649455448033 | Silver last 53.48 1d None% net 4035 z -1.573133400573574 | Platinum last 1580.6 1d 2.76% net -1283 z -2.470485657770076 | Palladium last 1037.0 1d None% net -15216 z -3.10298453718148 | Copper last 6.379 1d None% net 34890 z -2.23935810608542 | Corn last 4.3875 1d -0.62% net 8795 z -0.6961175447954221 | Wheat (SRW) last 5.875 1d -0.63% net -87126 z -1.2813520429843543 | Wheat (HRW) last 6.3175 1d -0.12% net -5109 z -0.6711915546286674 | Soybeans last 11.87 1d -0.17% net 142727 z -0.22757052214966494 | Soybean Oil last 0.6193 1d -0.53% net 47413 z -0.3612113833385736 | Soybean Meal last 320.7 1d 0.47% net 108367 z 0.4581984003836757 | Sugar No. 11 last 0.1821 1d -0.16% net 223784 z 1.7021143618437615 | Coffee C last 2.667 1d None% net 14732 z -1.521158115634571 | Cocoa last 5113.0 1d None% net -12253 z -0.4738817382483018 | Cotton No. 2 last 0.7865 1d -0.58% net 44168 z 0.611006729301618 | Live Cattle last 2.16325 1d 1.06% net 49691 z -1.5459157537522532 | Feeder Cattle last 3.248 1d None% net 13597 z -0.25739251866102797 | Lean Hogs last 0.55975 1d 4.58% net -59072 z -1.3820151478100409
Net position is managed money longs minus shorts, in contracts; a positive number is a net long. Net positions are as of the 03 Nov report; prices are the 09 Nov close.
Energy
Energy was softer, 4 of 5 lower.
Energy was softer, 4 of 5 lower. Natural Gas rose 6.90%, with the book net short.
Energy — session changeEnergy — one-session change | n 5 | Range: -6.41% to +6.90% | WTI Crude Oil -5.15%, Brent Crude Oil -6.41%, RBOB Gasoline -4.93%, Heating Oil (ULSD) -3.41%, Natural Gas +6.90%Energy — positioning, 52-week zEnergy — managed-money net, 52-week z | n 5 | WTI Crude Oil -1.10, Brent Crude Oil -1.35, RBOB Gasoline +0.92, Heating Oil (ULSD) -0.83, Natural Gas -3.18
WTI Crude Oil trimmed a heavily short net long; Brent Crude Oil added to a heavily short net long; Natural Gas added to a washed out net short.
WTI Crude Oil — price and positioningWTI Crude Oil price against managed-money net, 2025-11-10 to 2026-11-09 | price n 251 daily, range 55.27 to 112.95 $/bbl | net n 52 weekly | price sampled monthly: 2025-11-10 60.13, 2025-12-10 58.46, 2026-01-12 59.50, 2026-02-11 64.63, 2026-03-13 98.71, 2026-04-14 91.28, 2026-05-13 101.02, 2026-06-12 84.88, 2026-07-15 79.60, 2026-08-13 81.25, 2026-09-14 101.39, 2026-10-13 94.14, 2026-11-09 86.15 | 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, 2026-11-03 21,728Brent Crude Oil — price and positioningBrent Crude Oil price against managed-money net, 2025-11-10 to 2026-11-09 | price n 257 daily, range 58.92 to 118.35 $/bbl | net n 52 weekly | price sampled monthly: 2025-11-10 64.06, 2025-12-09 61.94, 2026-01-09 63.34, 2026-02-09 69.04, 2026-03-10 87.80, 2026-04-09 95.92, 2026-05-08 101.29, 2026-06-09 91.45, 2026-07-08 78.02, 2026-08-06 82.49, 2026-09-04 96.28, 2026-10-05 100.32, 2026-11-03 103.60, 2026-11-09 92.02 | 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, 2026-11-03 4,671RBOB Gasoline — price and positioningRBOB Gasoline price against managed-money net, 2025-11-10 to 2026-11-09 | price n 252 daily, range 1.68 to 3.77 $/gal | net n 52 weekly | price sampled monthly: 2025-11-10 1.97, 2025-12-10 1.78, 2026-01-12 1.79, 2026-02-11 1.98, 2026-03-13 3.04, 2026-04-14 3.04, 2026-05-13 3.62, 2026-06-12 3.05, 2026-07-15 3.30, 2026-08-13 3.13, 2026-09-11 3.31, 2026-10-12 3.29, 2026-11-09 2.64 | 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, 2026-11-03 86,971Heating Oil (ULSD) — price and positioningHeating Oil (ULSD) price against managed-money net, 2025-11-10 to 2026-11-09 | price n 251 daily, range 2.06 to 5.26 $/gal | net n 52 weekly | price sampled monthly: 2025-11-10 2.51, 2025-12-10 2.27, 2026-01-12 2.15, 2026-02-11 2.44, 2026-03-13 4.01, 2026-04-14 3.62, 2026-05-13 3.97, 2026-06-12 3.40, 2026-07-15 3.95, 2026-08-13 4.25, 2026-09-14 4.96, 2026-10-13 4.93, 2026-11-09 4.18 | 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, 2026-11-03 7,038Natural Gas — price and positioningNatural Gas price against managed-money net, 2025-11-10 to 2026-11-09 | price n 251 daily, range 2.52 to 7.46 $/MMBtu | net n 52 weekly | price sampled monthly: 2025-11-10 4.34, 2025-12-10 4.59, 2026-01-12 3.41, 2026-02-11 3.16, 2026-03-13 3.13, 2026-04-14 2.60, 2026-05-13 2.86, 2026-06-12 3.12, 2026-07-15 2.92, 2026-08-13 2.73, 2026-09-14 2.90, 2026-10-13 3.28, 2026-11-09 3.21 | 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, 2026-11-03 -225,359
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 -2.24
Copper trimmed a washed out net long.
Copper — price and positioningCopper price against managed-money net, 2025-11-10 to 2026-11-09 | price n 252 daily, range 4.96 to 6.80 $/lb | net n 52 weekly | price sampled monthly: 2025-11-10 5.09, 2025-12-10 5.28, 2026-01-12 5.99, 2026-02-11 5.95, 2026-03-13 5.71, 2026-04-14 6.07, 2026-05-13 6.64, 2026-06-12 6.43, 2026-07-15 6.29, 2026-08-13 6.59, 2026-09-11 6.47, 2026-10-12 6.70, 2026-11-09 6.38 | net sampled monthly: 2025-11-10 63,284, 2025-12-09 70,484, 2026-01-06 68,242, 2026-02-03 55,923, 2026-03-03 48,494, 2026-03-31 39,172, 2026-04-28 60,937, 2026-05-26 70,500, 2026-06-23 66,547, 2026-07-21 71,515, 2026-08-18 78,648, 2026-09-15 65,106, 2026-10-13 61,058, 2026-11-03 34,890
Books against the sessionManaged-money 52-week z against one-session change | n 17 | WTI Crude Oil z -1.10 chg -5.15%, Brent Crude Oil z -1.35 chg -6.41%, RBOB Gasoline z +0.92 chg -4.93%, Heating Oil (ULSD) z -0.83 chg -3.41%, Natural Gas z -3.18 chg +6.90%, Gold z -0.56 chg +1.92%, Platinum z -2.47 chg +2.76%, Corn z -0.70 chg -0.62%, Wheat (SRW) z -1.28 chg -0.63%, Wheat (HRW) z -0.67 chg -0.12%, Soybeans z -0.23 chg -0.17%, Soybean Oil z -0.36 chg -0.53%, Soybean Meal z +0.46 chg +0.47%, Sugar No. 11 z +1.70 chg -0.16%, Cotton No. 2 z +0.61 chg -0.58%, Live Cattle z -1.55 chg +1.06%, Lean Hogs z -1.38 chg +4.58%
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. 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. Coffee C: the two closes belong to two different contracts (KCZ26.NYB then KCH27.NYB) — 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.