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🌾 Agriculture Futures Positioning

CFTC weekly report · Report Date: 2026-07-21

₿ Crypto ⛽ Energy 🥇 Metals 🌾 Agriculture 🐄 Livestock 💱 Currencies 🏦 Rates 📈 Indices

Corn Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Corn into speculator demand.
Spec: 186,650 (+55,187) · Comm: -139,254
3Y Percentile 80%
Latest Week
Speculator Net
186,650
Commercial Net
-139,254
Small Trader Net
-47,396
Long/Short Ratio
1.61
Open Interest
1,742,139
Total Traders
830

Soybeans Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Soybeans into speculator demand.
Spec: 175,646 (+50,243) · Comm: -152,981
3Y Percentile 85%
Latest Week
Speculator Net
175,646
Commercial Net
-152,981
Small Trader Net
-22,665
Long/Short Ratio
3.21
Open Interest
1,045,077
Total Traders
646

Wheat SRW Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Wheat SRW into speculator demand.
Spec: -7,009 (+9,330) · Comm: 12,187
3Y Percentile 97%
Latest Week
Speculator Net
-7,009
Commercial Net
12,187
Small Trader Net
-5,178
Long/Short Ratio
0.94
Open Interest
455,433
Total Traders
383

Wheat HRW Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Wheat HRW into speculator demand. Open interest surging — unusual volume.
Spec: 14,300 (+12,531) · Comm: -12,722
3Y Percentile 97%
Latest Week
Speculator Net
14,300
Commercial Net
-12,722
Small Trader Net
-1,578
Long/Short Ratio
1.24
Open Interest
294,133
Total Traders
266

Wheat HRS Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Wheat HRS into speculator demand.
Spec: 2,421 (+7,619) · Comm: -2,141
3Y Percentile 84%
Latest Week
Speculator Net
2,421
Commercial Net
-2,141
Small Trader Net
-280
Long/Short Ratio
1.12
Open Interest
87,664
Total Traders
118

Canola Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Canola into speculator demand.
Spec: 41,470 (+24,051) · Comm: -41,014
3Y Percentile 79%
Latest Week
Speculator Net
41,470
Commercial Net
-41,014
Small Trader Net
-456
Long/Short Ratio
1.53
Open Interest
294,773
Total Traders
372

Coffee Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Coffee into speculator demand.
Spec: 27,255 (-572) · Comm: -29,089
3Y Percentile 25%
Latest Week
Speculator Net
27,255
Commercial Net
-29,089
Small Trader Net
1,834
Long/Short Ratio
2.08
Open Interest
163,057
Total Traders
340

Cocoa Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Cocoa into speculator demand.
Spec: -3,907 (+6,677) · Comm: 2,157
3Y Percentile 19%
Latest Week
Speculator Net
-3,907
Commercial Net
2,157
Small Trader Net
1,750
Long/Short Ratio
0.9
Open Interest
201,552
Total Traders
203

Sugar Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Sugar into speculator demand.
Spec: -64,490 (-2,345) · Comm: 60,615
3Y Percentile 31%
Latest Week
Speculator Net
-64,490
Commercial Net
60,615
Small Trader Net
3,875
Long/Short Ratio
0.81
Open Interest
1,015,444
Total Traders
285

Cotton Futures

SQUEEZE

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal SQUEEZE
Long squeeze risk in Cotton — specs unwinding from 3-year extreme. Distribution phase — commercials selling Cotton into speculator demand.
Spec: 95,112 (-335) · Comm: -102,678
3Y Percentile 96%
Latest Week
Speculator Net
95,112
Commercial Net
-102,678
Small Trader Net
7,566
Long/Short Ratio
3.36
Open Interest
317,825
Total Traders
332

Orange Juice Futures

BULLISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BULLISH
Commercials accumulating Orange Juice while speculators exit — smart money positioning bullish.
Spec: 366 (-564) · Comm: -410
3Y Percentile 7%
Latest Week
Speculator Net
366
Commercial Net
-410
Small Trader Net
44
Long/Short Ratio
1.09
Open Interest
9,680
Total Traders
53

Lumber Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Lumber into speculator demand.
Spec: 1,554 (+319) · Comm: -1,980
3Y Percentile 77%
Latest Week
Speculator Net
1,554
Commercial Net
-1,980
Small Trader Net
426
Long/Short Ratio
1.8
Open Interest
6,938
Total Traders
65

Soybean Meal Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Soybean Meal into speculator demand.
Spec: 113,860 (+26,823) · Comm: -135,003
3Y Percentile 88%
Latest Week
Speculator Net
113,860
Commercial Net
-135,003
Small Trader Net
21,143
Long/Short Ratio
2.65
Open Interest
618,289
Total Traders
325

Soybean Oil Futures

BEARISH

2-year weekly history · Speculator, commercial, and small trader positioning

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Flow Signal BEARISH
Distribution phase — commercials selling Soybean Oil into speculator demand.
Spec: 114,142 (+6,899) · Comm: -124,875
3Y Percentile 91%
Latest Week
Speculator Net
114,142
Commercial Net
-124,875
Small Trader Net
10,733
Long/Short Ratio
3.03
Open Interest
661,652
Total Traders
333
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.

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms