Commitment of Traders Dashboard
CFTC weekly report · Report Date: 2026-09-01
How to Read COT Data
Speculators (Non-Commercial)
Hedge funds, CTAs, and momentum traders. They follow trends and amplify moves. When their positioning reaches extremes, it often signals the trend is crowded and vulnerable to reversal.
Commercials (Hedgers)
Producers, refiners, and consumers who use futures to hedge their business. They tend to be contrarian — selling into rallies and buying dips. At extremes, they're historically on the right side.
The Percentile Bar
Shows where current speculator positioning ranks vs. the past 3 years. Above 80% = historically bullish, below 20% = historically bearish. Extremes (top/bottom 10%) are the highest-signal readings.
What To Watch For
The best signals come from extreme positioning + divergence: when speculators are max long but commercials are max short, it often precedes a reversal. The weekly change shows who's adding or liquidating.
29 / 71
NET BEARISH
29 Bullish Extremes ·
39 Bearish Extremes
Speculator positioning across 71 futures markets. Extremes = top/bottom 10th percentile over 3 years.
Explore by Asset Class
₿
6 markets
Crypto
5 bullish ·
1 bearish
Top mover: Ether
-1,302
⛽
5 markets
Energy
2 bullish ·
3 bearish
Top mover: Natural Gas
-10,979
🥇
8 markets
Metals
1 bullish ·
7 bearish
Top mover: Gold
-15,210
🌾
15 markets
Agriculture
3 bullish ·
12 bearish
Top mover: Corn
+95,828
🐄
5 markets
Livestock
5 bullish ·
0 bearish
Top mover: Live Cattle
-8,466
💱
11 markets
Currencies
3 bullish ·
8 bearish
Top mover: Japanese Yen
-28,929
🏦
9 markets
Rates
6 bullish ·
3 bearish
Top mover: SOFR 3-Month
-204,400
📈
12 markets
Indices
5 bullish ·
7 bearish
Top mover: Micro E-Mini S&P 500
-32,495
Trader Breakdown
Latest disaggregated positioning from CFTC — net contracts by trader category.
₿
Crypto
→
| Market | Dealer/Intermediary | Asset Manager | Leveraged Funds | Other Reportable |
|---|---|---|---|---|
| Bitcoin | 2,784 ▼-795 | 3,698 ▲+753 | -7,620 ▲+469 | 764 ▼-960 |
| Ether | 7,358 ▼-3,872 | -1,434 ▲+769 | -5,325 ▲+3,060 | -1,056 ▼-369 |
| Micro Bitcoin | -4,383 ▼-4,142 | 1,109 ▲+604 | -3,325 ▲+3,389 | 3,601 ▲+771 |
| Micro Ether | 9,567 ▲+1,630 | -579 ▲+1,707 | -25,747 ▼-2,018 | 15,658 ▼-917 |
| Solana | 2,498 ▼-1,904 | -193 ▼-192 | -2,546 ▲+1,787 | 100 ▲+100 |
| XRP | 764 ▼-1,357 | 802 ▼-41 | -1,422 ▲+894 | -86 ▼-86 |
⛽
Energy
→
| Market | Producer/Merchant | Swap Dealer | Managed Money | Other Reportable |
|---|---|---|---|---|
| WTI Crude Oil | 309,402 ▲+4,148 | -465,407 ▼-3,907 | 94,281 ▲+10,261 | 35,630 ▼-3,799 |
| Brent Crude | -29,024 ▲+3,646 | 65,866 ▲+3,621 | 5,307 ▼-1,819 | -44,704 ▼-6,579 |
| Natural Gas | -17,049 ▲+1,936 | 210,481 ▲+3,759 | -89,481 ▼-17,808 | -119,430 ▲+6,829 |
| RBOB Gasoline | -100,969 ▼-5,447 | 18,432 ▲+2,119 | 89,215 ▲+9,563 | -19,590 ▼-4,097 |
| Heating Oil | -86,551 ▼-2,364 | 48,821 ▼-1,270 | 20,344 ▲+3,703 | -6,265 ▼-2,104 |
🥇
Metals
→
| Market | Producer/Merchant | Swap Dealer | Managed Money | Other Reportable |
|---|---|---|---|---|
| Gold | -31,289 ▲+3,269 | -233,429 ▲+11,598 | 136,771 ▼-7,976 | 91,353 ▼-7,234 |
| Silver | -16,675 ▲+478 | -28,605 ▼-705 | 12,598 ▼-1,475 | 14,141 ▲+2,953 |
| Copper | -97,022 ▲+3,001 | 4,915 ▼-59 | 72,882 ▼-3,389 | 7,987 ▼-1,008 |
| Platinum | -12,216 ▼-88 | -7,089 ▲+363 | 8,685 ▼-1,543 | 6,315 ▲+1,157 |
| Palladium | -263 ▲+160 | 3,576 ▼-582 | -4,619 ▲+880 | 314 ▼-361 |
| Steel HRC | -22,009 ▲+2,354 | 13,547 ▼-2,064 | 6,987 ▼-707 | 1,078 ▲+347 |
| Aluminum MW Premium | -13,108 ▲+306 | 13,430 ▼-149 | -229 ▼-70 | 21 ▼-156 |
| Lithium Hydroxide | -2,960 ▼-54 | 9,107 ▲+48 | 2,180 ▲+210 | -8,131 ▼-219 |
🌾
Agriculture
→
| Market | Producer/Merchant | Swap Dealer | Managed Money | Other Reportable |
|---|---|---|---|---|
| Corn | -800,143 ▼-79,289 | 323,322 ▼-22,924 | 401,003 ▲+83,555 | 135,740 ▲+12,273 |
| Soybeans | -337,308 ▼-32,912 | 108,566 ▲+4,106 | 234,920 ▲+34,241 | 13,067 ▼-7,681 |
| Wheat SRW | -102,406 ▼-28,958 | 78,670 ▼-2,253 | 14,904 ▲+28,501 | 9,799 ▲+2,981 |
| Wheat HRW | -112,257 ▼-10,564 | 79,872 ▲+647 | 48,826 ▲+6,312 | -17,076 ▲+3,293 |
| Wheat HRS | -30,651 ▼-8,819 | 6,579 ▼-150 | 20,873 ▲+7,188 | 321 ▲+111 |
| Oats | -1,154 — | 0 — | 118 — | -23 — |
| Canola | -75,302 ▼-9,962 | -16,070 ▼-1,202 | 104,309 ▲+10,462 | -12,673 ▲+264 |
| Coffee | -28,761 ▲+6,668 | 2,466 ▲+746 | 26,729 ▼-4,459 | -2,750 ▼-2,034 |
| Cocoa | -30,625 ▼-7,187 | 26,911 ▼-106 | -4,750 ▲+5,708 | 4,036 ▲+1,251 |
| Sugar | -302,362 ▼-23,237 | 111,264 ▼-9,930 | 233,771 ▲+35,754 | -102,246 ▼-14,363 |
| Cotton | -178,611 ▼-8,451 | 36,711 ▼-1 | 100,963 ▲+12,670 | 29,758 ▼-4,852 |
| Orange Juice | -1,646 ▲+217 | 666 ▼-54 | -1,485 ▼-178 | 2,105 ▲+67 |
| Lumber | 5,318 ▲+416 | 29 ▲+51 | -5,775 ▼-1,005 | 114 ▲+422 |
| Soybean Meal | -317,977 ▼-55,888 | 115,392 ▼-2,895 | 157,179 ▲+61,226 | 20,684 ▼-4,334 |
| Soybean Oil | -224,427 ▼-25,035 | 84,399 ▼-1,519 | 99,823 ▲+14,707 | 26,726 ▲+7,236 |
🐄
Livestock
→
| Market | Producer/Merchant | Swap Dealer | Managed Money | Other Reportable |
|---|---|---|---|---|
| Live Cattle | -88,111 ▲+6,221 | 68,818 ▲+3,061 | 48,851 ▼-10,878 | -21,471 ▲+2,412 |
| Feeder Cattle | -2,207 ▼-866 | 6,428 ▼-1,371 | 8,436 ▼-450 | -11,165 ▲+3,226 |
| Lean Hogs | -9,595 ▼-587 | 71,152 ▼-2,083 | -34,691 ▲+1,407 | -28,080 ▲+1,743 |
| Milk Class III | 4,689 ▲+1,382 | 7,832 ▲+450 | -5,013 ▲+92 | -5,034 ▼-1,143 |
| Cheese | 1,774 ▲+307 | 7,486 ▲+51 | -2,657 ▼-227 | -7,067 ▲+10 |
💱
Currencies
→
| Market | Dealer/Intermediary | Asset Manager | Leveraged Funds | Other Reportable |
|---|---|---|---|---|
| Euro FX | -267,578 ▲+1,003 | 263,253 ▲+1,827 | -38,173 ▲+186 | 8,846 ▼-756 |
| British Pound | 59,203 ▲+10,798 | -107,333 ▼-2,842 | 43,167 ▼-4,742 | 1,191 ▼-1,125 |
| Japanese Yen | 79,321 ▲+36,383 | -24,521 ▼-4,405 | -102,188 ▼-25,146 | 52,722 ▼-6,037 |
| Canadian Dollar | 117,959 ▼-6,971 | -49,544 ▲+9,399 | -68,750 ▲+3,342 | 7,474 ▼-340 |
| Australian Dollar | -43,456 ▼-5,413 | -30,467 ▲+14,960 | 49,662 ▼-4,399 | 3,665 ▼-363 |
| USD Index | -27,015 ▲+138 | 16,241 ▲+2,223 | 7,133 ▼-2,056 | 1,942 ▼-848 |
| Mexican Peso | -124,691 ▼-4,614 | 68,077 ▼-513 | 74,362 ▲+5,458 | -22,218 ▲+1,216 |
| Swiss Franc | 55,743 ▲+7,042 | -32,117 ▼-3,462 | -10,298 ▼-1,473 | -116 ▲+538 |
| NZ Dollar | 18,357 ▼-12,382 | 2,959 ▲+2,529 | -22,338 ▲+9,656 | 1,577 ▼-113 |
| Brazilian Real | -43,840 ▲+1,928 | 48,734 ▼-145 | 16,046 ▲+1,333 | -27,845 ▼-5,185 |
| South African Rand | -22,265 ▼-1,326 | 17,312 ▲+985 | 2,016 ▼-517 | 857 ▲+60 |
🏦
Rates
→
| Market | Dealer/Intermediary | Asset Manager | Leveraged Funds | Other Reportable |
|---|---|---|---|---|
| SOFR 3-Month | 3,379,318 ▲+268,187 | -692,590 ▼-186,450 | -2,605,980 ▼-9,115 | -81,482 ▼-72,980 |
| SOFR 1-Month | 408,927 ▲+56,392 | -12,505 ▼-3,506 | -390,389 ▼-63,953 | -18,778 ▼-1,261 |
| Fed Funds | 39,179 ▼-78,032 | -94,583 ▲+13,752 | -91,028 ▲+14,998 | 75,910 ▲+8,715 |
| 2Y Treasury | -434,362 ▲+17,234 | 1,596,436 ▼-12,420 | -1,268,034 ▼-35,281 | 57,542 ▼-21,379 |
| 5Y Treasury | -814,435 ▲+114,590 | 2,928,019 ▲+13,538 | -2,202,688 ▼-90,878 | 21,591 ▲+8,031 |
| 10Y Treasury | -587,097 ▼-6,790 | 2,604,213 ▲+12,141 | -2,062,502 ▲+71,837 | 21,492 ▼-37,132 |
| Ultra 10Y Treasury | -241,233 ▲+46,616 | 717,968 ▼-11,833 | -423,357 ▼-51,200 | 40,880 ▲+761 |
| 30Y Bond | -258,952 ▲+7,255 | 544,469 ▲+22,721 | -303,045 ▼-51 | -69,665 ▼-22,618 |
| Ultra 30Y Bond | -237,363 ▲+4,464 | 1,021,079 ▼-38,174 | -878,489 ▼-29,501 | 43,230 ▲+19,883 |
📈
Indices
→
| Market | Dealer/Intermediary | Asset Manager | Leveraged Funds | Other Reportable |
|---|---|---|---|---|
| E-Mini S&P 500 | -720,747 ▲+40,289 | 934,180 ▼-19,048 | -317,564 ▼-2,360 | -5,923 ▲+3,124 |
| Micro E-Mini S&P 500 | 195,147 ▲+29,697 | 21,306 ▲+3,829 | -168,727 ▼-35,449 | -1,075 ▼-10 |
| NASDAQ Mini | -78,774 ▼-15,526 | 71,877 ▼-1,339 | -14,092 ▲+27,140 | 1,459 ▼-2,708 |
| Micro E-Mini NASDAQ | 90,588 ▲+4,870 | 10,096 ▼-57 | -39,421 ▼-8,579 | -52 ▲+316 |
| Russell 2000 | 96,593 ▲+12,685 | 17,498 ▲+5,167 | -109,499 ▼-11,799 | -8,154 ▼-950 |
| DJIA | -7,314 ▲+2,181 | 5,527 ▲+15 | -1,731 ▼-96 | -1 ▼-6 |
| S&P MidCap 400 | -11,263 ▼-633 | 7,464 ▲+454 | -431 ▲+1,094 | -328 — |
| Nikkei 225 | 3,525 ▼-709 | 6,847 ▼-417 | 701 ▼-240 | 0 — |
| VIX | 48,862 ▼-2,928 | -31,025 ▼-8,137 | -26,258 ▲+3,885 | 3,579 ▲+1,922 |
| MSCI EM Index | -574,672 ▼-2,313 | 534,948 ▼-4,888 | 43,761 ▲+11,439 | -21,689 ▲+1,741 |
| MSCI EAFE | -276,422 ▼-1,312 | 243,864 ▼-2,069 | 26,699 ▲+4,987 | -1,576 ▼-747 |
| Bloomberg Commodity Index | -118,993 ▲+2,508 | 104,863 ▼-18,807 | 12,883 ▲+16,393 | 755 ▼-111 |
What's Unusual Right Now
2Y Treasury
SQUEEZE
Long squeeze — specs unwinding extreme longs; speculator 3-year extreme long; open interest collapsing (top 10% volume); distribution — commercials selling into spec demand
-882,518
net contracts
▼ -21,222
Ultra 30Y Bond
SQUEEZE
Short squeeze — specs covering extreme shorts; speculator 3-year extreme short; open interest collapsing (top 10% volume); accumulation — smart money buying
-369,311
net contracts
▲ +36,734
Copper
SQUEEZE
Long squeeze — specs unwinding extreme longs; speculator 3-year extreme long; distribution — commercials selling into spec demand
80,869
net contracts
▼ -4,397
Lean Hogs
SQUEEZE
Short squeeze — specs covering extreme shorts; speculator 3-year extreme short; accumulation — smart money buying
-62,771
net contracts
▲ +3,150
Soybean Meal
BEARISH
Speculator 3-year extreme long; open interest surging (top 10% volume); distribution — commercials selling into spec demand; large weekly added (+56,892)
177,863
net contracts
▲ +56,892
Natural Gas
BULLISH
Speculator 3-year extreme short; open interest surging (top 10% volume); accumulation — smart money buying
-208,911
net contracts
▼ -10,979
Source: U.S. Commodity Futures Trading Commission (CFTC) Commitments of Traders reports. Released weekly on Fridays for prior Tuesday positions.