2-year weekly history · Speculator, commercial, and small trader positioning
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Flow SignalBEARISH
Distribution phase — commercials selling Soybean Meal into speculator demand. Open interest surging — unusual volume.
Spec:
177,863
(+56,892)
·
Comm:
-202,585
3Y Percentile100%
Latest Week
Speculator Net
177,863
Commercial Net
-202,585
Small Trader Net
24,722
Long/Short Ratio
5.66
Open Interest
649,027
Total Traders
348
Soybean Oil Futures
BEARISH
2-year weekly history · Speculator, commercial, and small trader positioning
Loading charts...
Flow SignalBEARISH
Distribution phase — commercials selling Soybean Oil into speculator demand.
Spec:
126,549
(+21,943)
·
Comm:
-140,028
3Y Percentile94%
Latest Week
Speculator Net
126,549
Commercial Net
-140,028
Small Trader Net
13,479
Long/Short Ratio
4.1
Open Interest
609,008
Total Traders
331
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.
Source: U.S. Commodity Futures Trading Commission (CFTC) Commitments of Traders reports. Data is published weekly with a 3-day lag.
