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Commodities Daily

6 of 16 higher across the complex

November 12, 2026
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

MarketLast1d1wNet (MM)z 52w
Energy
WTI Crude Oil89.01+2.87%-2.00%21,728-1.10
Brent Crude Oil96.13+3.63%-2.23%4,671-1.35
RBOB Gasoline2.64+1.19%-4.97%86,971+0.92
Heating Oil (ULSD)4.29+1.93%-0.90%7,038-0.83
Natural Gas3.35+11.67%+28.85%-225,359-3.18
Precious Metals
Gold3,890.30-2.75%-4.53%103,614-0.56
Silver50.05-3.52%-3.37%4,035-1.57
Platinum1,522.30-1.09%-1.03%-1,283-2.47
Palladium994.50-4.71%-1.93%-15,216-3.10
Base Metals
Copper6.19-1.31%-0.41%34,890-2.24
Grains
Corn4.42-1.28%+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
Soybeans12.20——142,727-0.23
Soybean Oil0.63-0.72%+1.86%47,413-0.36
Soybean Meal323.10——108,367+0.46
Softs
Sugar No. 110.18-1.41%-0.11%223,784+1.70
Coffee C2.75——14,732-1.52
Cocoa5,187.00——-12,253-0.47
Cotton No. 20.79+0.05%-0.70%44,168+0.61
Livestock
Live Cattle2.23——49,691-1.55
Feeder Cattle3.32——13,597-0.26
Lean Hogs0.55-1.56%+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.

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.

Headlines

Precious Metals

Precious Metals were softer, 4 of 4 lower.

Precious Metals were softer, 4 of 4 lower. Palladium fell 4.71%, with the book net short.

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

Headlines

Base Metals

Base Metals were softer, 1 of 1 lower.

Base Metals were softer, 1 of 1 lower. Copper fell 1.31%, with the book net long.

Copper trimmed a washed out net long.

Headlines

Grains

Grains were softer, 3 of 3 lower.

Grains were softer, 3 of 3 lower. Wheat (SRW) fell 2.84%, with the book net short.

Wheat (SRW) added to a heavily short net short.

Headlines

Softs

Softs were mixed, 1 of 2 higher.

Softs were mixed, 1 of 2 higher. Sugar No. 11 fell 1.41%, with the book net long.

Sugar No. 11 trimmed a extended net long; Coffee C trimmed a heavily short net long.

Headlines

Livestock

Livestock was softer, 1 of 1 lower.

Livestock was softer, 1 of 1 lower. Lean Hogs fell 1.56%, with the book net short.

Live Cattle trimmed 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. 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.