Covering the November 12, 2026 session · COT 03 Nov
The complex had 6 of 16 markets higher on the 2026-11-12 close. The complex had 10 markets lower. Positioning is as of the 2026-11-03 Commitments of Traders report.
close12 Nov
COT report03 Nov
built13 Nov 11:50 UTC
All 23 markets
Market
Last
1d
1w
Net (MM)
z 52w
Energy
WTI Crude Oil
89.01
+2.87%
-2.00%
21,728
-1.10
Brent Crude Oil
96.13
+3.63%
-2.23%
4,671
-1.35
RBOB Gasoline
2.64
+1.19%
-4.97%
86,971
+0.92
Heating Oil (ULSD)
4.29
+1.93%
-0.90%
7,038
-0.83
Natural Gas
3.35
+11.67%
+28.85%
-225,359
-3.18
Precious Metals
Gold
3,890.30
-2.75%
-4.53%
103,614
-0.56
Silver
50.05
-3.52%
-3.37%
4,035
-1.57
Platinum
1,522.30
-1.09%
-1.03%
-1,283
-2.47
Palladium
994.50
-4.71%
-1.93%
-15,216
-3.10
Base Metals
Copper
6.19
-1.31%
-0.41%
34,890
-2.24
Grains
Corn
4.42
-1.28%
+0.17%
8,795
-0.70
Wheat (SRW)
5.83
-2.84%
-1.48%
-87,126
-1.28
Wheat (HRW)
6.29
—
—
-5,109
-0.67
Soybeans
12.20
—
—
142,727
-0.23
Soybean Oil
0.63
-0.72%
+1.86%
47,413
-0.36
Soybean Meal
323.10
—
—
108,367
+0.46
Softs
Sugar No. 11
0.18
-1.41%
-0.11%
223,784
+1.70
Coffee C
2.75
—
—
14,732
-1.52
Cocoa
5,187.00
—
—
-12,253
-0.47
Cotton No. 2
0.79
+0.05%
-0.70%
44,168
+0.61
Livestock
Live Cattle
2.23
—
—
49,691
-1.55
Feeder Cattle
3.32
—
—
13,597
-0.26
Lean Hogs
0.55
-1.56%
+3.04%
-59,072
-1.38
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 89.01 1d 2.87% net 21728 z -1.0961216876140583 | Brent Crude Oil last 96.13 1d 3.63% net 4671 z -1.3478188264625734 | RBOB Gasoline last 2.6386 1d 1.19% net 86971 z 0.9207160521598282 | Heating Oil (ULSD) last 4.2927 1d 1.93% net 7038 z -0.8344236545412622 | Natural Gas last 3.35 1d 11.67% net -225359 z -3.184374605386391 | Gold last 3890.3 1d -2.75% net 103614 z -0.5550649455448033 | Silver last 50.055 1d -3.52% net 4035 z -1.573133400573574 | Platinum last 1522.3 1d -1.09% net -1283 z -2.470485657770076 | Palladium last 994.5 1d -4.71% net -15216 z -3.10298453718148 | Copper last 6.1925 1d -1.31% net 34890 z -2.23935810608542 | Corn last 4.4225 1d -1.28% net 8795 z -0.6961175447954221 | Wheat (SRW) last 5.825 1d -2.84% net -87126 z -1.2813520429843543 | Wheat (HRW) last 6.295 1d None% net -5109 z -0.6711915546286674 | Soybeans last 12.195 1d None% net 142727 z -0.22757052214966494 | Soybean Oil last 0.6342 1d -0.72% net 47413 z -0.3612113833385736 | Soybean Meal last 323.1 1d None% net 108367 z 0.4581984003836757 | Sugar No. 11 last 0.1822 1d -1.41% net 223784 z 1.7021143618437615 | Coffee C last 2.751 1d None% net 14732 z -1.521158115634571 | Cocoa last 5187.0 1d None% net -12253 z -0.4738817382483018 | Cotton No. 2 last 0.7856 1d 0.05% net 44168 z 0.611006729301618 | Live Cattle last 2.2305 1d None% net 49691 z -1.5459157537522532 | Feeder Cattle last 3.318 1d None% net 13597 z -0.25739251866102797 | Lean Hogs last 0.5515 1d -1.56% 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 12 Nov close.
Energy
Energy was firmer, 5 of 5 higher.
Energy was firmer, 5 of 5 higher. Natural Gas rose 11.67%, with the book net short.
Energy — session changeEnergy — one-session change | n 5 | Range: +1.19% to +11.67% | WTI Crude Oil +2.87%, Brent Crude Oil +3.63%, RBOB Gasoline +1.19%, Heating Oil (ULSD) +1.93%, Natural Gas +11.67%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, 2025-11-12 to 2026-11-12 | price n 252 daily, range 55.27 to 112.95 $/bbl | net n 51 weekly | price sampled monthly: 2025-11-12 58.49, 2025-12-12 57.44, 2026-01-14 62.02, 2026-02-13 62.89, 2026-03-17 96.21, 2026-04-16 94.69, 2026-05-15 105.42, 2026-06-16 76.05, 2026-07-17 82.49, 2026-08-17 84.50, 2026-09-16 102.43, 2026-10-15 97.97, 2026-11-12 89.01 | 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, 2025-11-12 to 2026-11-12 | price n 258 daily, range 58.92 to 118.35 $/bbl | net n 51 weekly | price sampled monthly: 2025-11-12 62.71, 2025-12-11 61.28, 2026-01-13 65.47, 2026-02-11 69.40, 2026-03-12 100.46, 2026-04-13 99.36, 2026-05-12 107.77, 2026-06-11 90.38, 2026-07-10 76.01, 2026-08-10 87.72, 2026-09-08 97.92, 2026-10-07 100.20, 2026-11-05 98.29, 2026-11-12 96.13 | 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, 2025-11-12 to 2026-11-12 | price n 253 daily, range 1.68 to 3.77 $/gal | net n 51 weekly | price sampled monthly: 2025-11-12 1.96, 2025-12-12 1.75, 2026-01-14 1.83, 2026-02-13 1.91, 2026-03-17 3.12, 2026-04-16 3.16, 2026-05-15 3.70, 2026-06-16 2.88, 2026-07-17 3.39, 2026-08-17 3.27, 2026-09-15 3.47, 2026-10-14 3.26, 2026-11-12 2.64 | 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, 2025-11-12 to 2026-11-12 | price n 252 daily, range 2.06 to 5.26 $/gal | net n 51 weekly | price sampled monthly: 2025-11-12 2.48, 2025-12-12 2.20, 2026-01-14 2.28, 2026-02-13 2.39, 2026-03-17 4.02, 2026-04-16 3.83, 2026-05-15 4.05, 2026-06-16 3.17, 2026-07-17 4.06, 2026-08-17 4.44, 2026-09-16 5.25, 2026-10-15 4.85, 2026-11-12 4.29 | 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, 2025-11-12 to 2026-11-12 | price n 252 daily, range 2.42 to 30.72 $/MMBtu | net n 51 weekly | price sampled monthly: 2025-11-12 3.60, 2025-12-12 4.07, 2026-01-14 3.13, 2026-02-13 3.24, 2026-03-17 3.14, 2026-04-16 2.78, 2026-05-15 2.89, 2026-06-16 3.10, 2026-07-17 2.75, 2026-08-17 2.77, 2026-09-16 3.00, 2026-10-15 3.30, 2026-11-12 3.35 | 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 16 | WTI Crude Oil z -1.10 chg +2.87%, Brent Crude Oil z -1.35 chg +3.63%, RBOB Gasoline z +0.92 chg +1.19%, Heating Oil (ULSD) z -0.83 chg +1.93%, Natural Gas z -3.18 chg +11.67%, Gold z -0.56 chg -2.75%, Silver z -1.57 chg -3.52%, Platinum z -2.47 chg -1.09%, Palladium z -3.10 chg -4.71%, Copper z -2.24 chg -1.31%, Corn z -0.70 chg -1.28%, Wheat (SRW) z -1.28 chg -2.84%, Soybean Oil z -0.36 chg -0.72%, Sugar No. 11 z +1.70 chg -1.41%, Cotton No. 2 z +0.61 chg +0.05%, Lean Hogs z -1.38 chg -1.56%
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. 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. 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. Soybean Meal: the two closes belong to two different contracts (ZMZ26.CBT then ZMF27.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. Live Cattle: the two closes belong to two different contracts (LEZ26.CME then LEG27.CME) — 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.