Green/red bars = speculator net position. Blue line = commercial net. Shaded zones mark historical positioning extremes (top/bottom 10%).
Where does the current speculator position rank over 1, 3, and 5 years? Higher = more bullish vs. history.
CFTC Disaggregated report breaks commercials into Producers vs Swap Dealers, and non-commercials into Managed Money (hedge funds/CTAs) vs Other Reportables.
Total long and short contracts held by speculators. The gap between the two = net position shown above.
% of open interest held by the top 4 and 8 traders. Higher concentration = more fragile positioning, vulnerable to sudden unwinds.
| Date | Open Interest | Noncomm Net | Comm Net | Chg OI | Chg Noncomm Net |
|---|---|---|---|---|---|
| 2026-03-17 | 283,788 | -22,557 | 20,577 | 24,522 | -9,411 |
| 2026-03-10 | 259,266 | -13,146 | 11,479 | 7,599 | +14,322 |
| 2026-03-03 | 251,667 | -27,468 | 25,400 | -15,325 | +22,025 |
| 2026-02-24 | 266,992 | -49,493 | 48,730 | -5,941 | -13,226 |
| 2026-02-17 | 272,933 | -36,267 | 35,690 | 11,203 | -185 |
| 2026-02-10 | 261,730 | -36,082 | 34,974 | 21,914 | -1,972 |
| 2026-02-03 | 239,816 | -34,110 | 33,458 | -27,673 | +7,638 |
| 2026-01-27 | 267,489 | -41,748 | 40,026 | 27,441 | +402 |