Covering the November 11, 2026 session · COT 03 Nov
The complex had 11 of 15 markets higher on the 2026-11-11 close. The complex had 4 markets lower. Positioning is as of the 2026-11-03 Commitments of Traders report.
close11 Nov
COT report03 Nov
built11 Nov 22:36 UTC
All 23 markets
Market
Last
1d
1w
Net (MM)
z 52w
Energy
WTI Crude Oil
86.32
+0.33%
-4.97%
21,728
-1.10
Brent Crude Oil
92.50
+1.10%
-5.92%
4,671
-1.35
RBOB Gasoline
2.57
—
—
86,971
+0.92
Heating Oil (ULSD)
4.20
+1.64%
-3.07%
7,038
-0.83
Natural Gas
3.23
-2.09%
+7.64%
-225,359
-3.18
Precious Metals
Gold
3,993.60
-0.91%
-2.00%
103,614
-0.56
Silver
51.81
—
—
4,035
-1.57
Platinum
1,538.30
—
—
-1,283
-2.47
Palladium
1,038.00
+1.93%
+2.36%
-15,216
-3.10
Base Metals
Copper
6.27
+0.81%
+0.84%
34,890
-2.24
Grains
Corn
4.49
-0.06%
+1.64%
8,795
-0.70
Wheat (SRW)
6.01
+1.35%
+1.61%
-87,126
-1.28
Wheat (HRW)
6.50
—
—
-5,109
-0.67
Soybeans
12.30
+0.49%
+3.49%
142,727
-0.23
Soybean Oil
0.64
+1.77%
+2.60%
47,413
-0.36
Soybean Meal
329.60
+0.95%
+3.26%
108,367
+0.46
Softs
Sugar No. 11
0.18
+2.10%
+1.26%
223,784
+1.70
Coffee C
2.65
—
—
14,732
-1.52
Cocoa
5,061.00
—
—
-12,253
-0.47
Cotton No. 2
0.82
—
—
44,168
+0.61
Livestock
Live Cattle
2.19
-0.18%
+2.22%
49,691
-1.55
Feeder Cattle
3.28
—
—
13,597
-0.26
Lean Hogs
0.56
+0.18%
+4.44%
-59,072
-1.38
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 86.32 1d 0.33% net 21728 z -1.0961216876140583 | Brent Crude Oil last 92.5 1d 1.1% net 4671 z -1.3478188264625734 | RBOB Gasoline last 2.5673 1d None% net 86971 z 0.9207160521598282 | Heating Oil (ULSD) last 4.1987 1d 1.64% net 7038 z -0.8344236545412622 | Natural Gas last 3.227 1d -2.09% net -225359 z -3.184374605386391 | Gold last 3993.6001 1d -0.91% net 103614 z -0.5550649455448033 | Silver last 51.815 1d None% net 4035 z -1.573133400573574 | Platinum last 1538.3 1d None% net -1283 z -2.470485657770076 | Palladium last 1038.0 1d 1.93% net -15216 z -3.10298453718148 | Copper last 6.27 1d 0.81% net 34890 z -2.23935810608542 | Corn last 4.4875 1d -0.06% net 8795 z -0.6961175447954221 | Wheat (SRW) last 6.0075 1d 1.35% net -87126 z -1.2813520429843543 | Wheat (HRW) last 6.495 1d None% net -5109 z -0.6711915546286674 | Soybeans last 12.305 1d 0.49% net 142727 z -0.22757052214966494 | Soybean Oil last 0.6388 1d 1.77% net 47413 z -0.3612113833385736 | Soybean Meal last 329.6 1d 0.95% net 108367 z 0.4581984003836757 | Sugar No. 11 last 0.1847 1d 2.1% net 223784 z 1.7021143618437615 | Coffee C last 2.6545 1d None% net 14732 z -1.521158115634571 | Cocoa last 5061.0 1d None% net -12253 z -0.4738817382483018 | Cotton No. 2 last 0.8235 1d None% net 44168 z 0.611006729301618 | Live Cattle last 2.188 1d -0.18% net 49691 z -1.5459157537522532 | Feeder Cattle last 3.279 1d None% net 13597 z -0.25739251866102797 | Lean Hogs last 0.559 1d 0.18% 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 11 Nov close.
Energy
Energy was firmer, 3 of 4 higher.
Energy was firmer, 3 of 4 higher. Natural Gas fell 2.09%, with the book net short.
Energy — session changeEnergy — one-session change | n 4 | Range: -2.09% to +1.64% | WTI Crude Oil +0.33%, Brent Crude Oil +1.10%, Heating Oil (ULSD) +1.64%, Natural Gas -2.09%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, 2025-11-11 to 2026-11-11 | price n 252 daily, range 55.27 to 112.95 $/bbl | net n 51 weekly | price sampled monthly: 2025-11-11 61.04, 2025-12-11 57.60, 2026-01-13 61.15, 2026-02-12 62.84, 2026-03-16 93.50, 2026-04-15 91.29, 2026-05-14 101.17, 2026-06-15 80.75, 2026-07-16 78.95, 2026-08-14 82.40, 2026-09-15 105.83, 2026-10-14 95.09, 2026-11-11 86.32 | net sampled monthly: 2025-11-18 -12,671, 2025-12-16 74, 2026-01-13 47,570, 2026-02-10 79,146, 2026-03-10 92,122, 2026-04-07 78,700, 2026-05-05 70,791, 2026-06-02 90,765, 2026-06-30 81,282, 2026-07-28 92,943, 2026-08-25 84,020, 2026-09-22 101,828, 2026-10-20 36,187, 2026-11-03 21,728Brent Crude Oil — price and positioningBrent Crude Oil price against managed-money net, 2025-11-11 to 2026-11-11 | price n 258 daily, range 58.92 to 118.35 $/bbl | net n 51 weekly | price sampled monthly: 2025-11-11 65.16, 2025-12-10 62.21, 2026-01-12 63.87, 2026-02-10 68.80, 2026-03-11 91.98, 2026-04-10 95.20, 2026-05-11 104.21, 2026-06-10 93.10, 2026-07-09 76.30, 2026-08-07 83.55, 2026-09-07 104.47, 2026-10-06 100.58, 2026-11-04 94.62, 2026-11-11 92.50 | net sampled monthly: 2025-11-18 16,738, 2025-12-16 10,924, 2026-01-13 17,713, 2026-02-10 14,238, 2026-03-10 14,194, 2026-04-07 15,620, 2026-05-05 17,049, 2026-06-02 6,799, 2026-06-30 6,498, 2026-07-28 15,740, 2026-08-25 7,126, 2026-09-22 5,008, 2026-10-20 2,849, 2026-11-03 4,671RBOB Gasoline — price and positioningRBOB Gasoline price against managed-money net, 2025-11-11 to 2026-11-11 | price n 253 daily, range 1.68 to 3.77 $/gal | net n 51 weekly | price sampled monthly: 2025-11-11 2.01, 2025-12-11 1.76, 2026-01-13 1.83, 2026-02-12 1.92, 2026-03-16 3.00, 2026-04-15 3.07, 2026-05-14 3.61, 2026-06-15 2.95, 2026-07-16 3.28, 2026-08-14 3.18, 2026-09-14 3.32, 2026-10-13 3.25, 2026-11-11 2.57 | net sampled monthly: 2025-11-18 99,395, 2025-12-16 62,939, 2026-01-13 57,380, 2026-02-10 79,741, 2026-03-10 76,098, 2026-04-07 59,177, 2026-05-05 65,703, 2026-06-02 67,773, 2026-06-30 71,924, 2026-07-28 73,877, 2026-08-25 79,652, 2026-09-22 96,038, 2026-10-20 93,712, 2026-11-03 86,971Heating Oil (ULSD) — price and positioningHeating Oil (ULSD) price against managed-money net, 2025-11-11 to 2026-11-11 | price n 252 daily, range 2.06 to 5.26 $/gal | net n 51 weekly | price sampled monthly: 2025-11-11 2.58, 2025-12-11 2.23, 2026-01-13 2.24, 2026-02-12 2.39, 2026-03-16 3.84, 2026-04-15 3.75, 2026-05-14 3.91, 2026-06-15 3.27, 2026-07-16 4.03, 2026-08-14 4.28, 2026-09-15 5.26, 2026-10-14 4.93, 2026-11-11 4.20 | net sampled monthly: 2025-11-18 38,656, 2025-12-16 12,455, 2026-01-13 -5,460, 2026-02-10 20,575, 2026-03-10 20,439, 2026-04-07 17,766, 2026-05-05 11,779, 2026-06-02 11,997, 2026-06-30 8,481, 2026-07-28 11,246, 2026-08-25 16,641, 2026-09-22 9,437, 2026-10-20 13,313, 2026-11-03 7,038Natural Gas — price and positioningNatural Gas price against managed-money net, 2025-11-11 to 2026-11-11 | price n 252 daily, range 2.52 to 7.46 $/MMBtu | net n 51 weekly | price sampled monthly: 2025-11-11 4.57, 2025-12-11 4.23, 2026-01-13 3.42, 2026-02-12 3.22, 2026-03-16 3.02, 2026-04-15 2.61, 2026-05-14 2.89, 2026-06-15 3.15, 2026-07-16 2.86, 2026-08-14 2.73, 2026-09-15 2.92, 2026-10-14 3.20, 2026-11-11 3.23 | net sampled monthly: 2025-11-18 -59,654, 2025-12-16 -66,328, 2026-01-13 -105,134, 2026-02-10 -8,188, 2026-03-10 -62,982, 2026-04-07 -86,033, 2026-05-05 -107,489, 2026-06-02 -114,854, 2026-06-30 -64,808, 2026-07-28 -105,826, 2026-08-25 -71,673, 2026-09-22 -65,547, 2026-10-20 -157,409, 2026-11-03 -225,359
Books against the sessionManaged-money 52-week z against one-session change | n 15 | WTI Crude Oil z -1.10 chg +0.33%, Brent Crude Oil z -1.35 chg +1.10%, Heating Oil (ULSD) z -0.83 chg +1.64%, Natural Gas z -3.18 chg -2.09%, Gold z -0.56 chg -0.91%, Palladium z -3.10 chg +1.93%, Copper z -2.24 chg +0.81%, Corn z -0.70 chg -0.06%, Wheat (SRW) z -1.28 chg +1.35%, Soybeans z -0.23 chg +0.49%, Soybean Oil z -0.36 chg +1.77%, Soybean Meal z +0.46 chg +0.95%, Sugar No. 11 z +1.70 chg +2.10%, Live Cattle z -1.55 chg -0.18%, Lean Hogs z -1.38 chg +0.18%
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. RBOB Gasoline: the two closes belong to two different contracts (RBZ26.NYM then RBF27.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. Wheat (HRW): the two closes belong to two different contracts (KEZ26.CBT then KEH27.CBT) — 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. Cotton No. 2: the two closes belong to two different contracts (CTZ26.NYB then CTH27.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.