CFTC Commitments of Traders
COT reports: who is long, who is short
Positioning of hedge funds and speculators across 39 futures markets, in one view. Colour shows the 52-week COT index: green when funds are as long as they have been in a year, red when as short.
Report date
6 Oct 2026
positions as of Tuesday
At an extreme
13 / 38
COT index ≥ 90 or ≤ 10
Most crowded long
Oats
index 100
Most crowded short
Brent crude
index 0
Positioning heatmap
Energy
Precious metals
Industrial metals
Agriculture
Softs
Livestock
Equity indices
Interest rates
Currencies
Volatility
Crowded positions this week
Most net long vs. the past year
Biggest shifts in 4 weeks
Change in the net position over four reports, as a share of open interest, so markets of different size compare.
By sector
Average 52-week COT index of the markets in each sector.
All markets
Energy · Managed money
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| Crude oil (WTI) | 53,598 | 2.8% | −25,994 | −58,133 | 61 | |
| Brent crude | 3,357 | 1.5% | −829 | −2,556 | 0 | |
| Natural gas (Henry Hub) | -144,537 | -8.0% | −11,738 | −47,795 | 0 | |
| Gasoline (RBOB) | 97,086 | 27.8% | +2,900 | +4,238 | 96 | |
| Heating oil | 11,427 | 4.7% | −1,518 | −3,932 | 38 |
Precious metals · Managed money
Industrial metals · Managed money
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| Copper | 61,134 | 20.1% | −16,924 | −21,020 | 55 |
Agriculture · Managed money
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| Wheat | -28,830 | -5.8% | −6,721 | −33,703 | 66 | |
| Corn | 329,839 | 17.7% | −51,381 | −84,620 | 86 | |
| Soybeans | 258,066 | 23.0% | +11,508 | +808 | 97 | |
| Oats | 1,100 | 28.5% | +982 | +436 | 100 | |
| Rough rice | 2,180 | 15.1% | +61 | +381 | 100 |
Softs · Managed money
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| Coffee | 19,036 | 11.7% | +2,830 | −3,073 | 19 | |
| Sugar | 252,514 | 21.8% | +34,178 | +13,830 | 100 | |
| Cocoa | -11,052 | -6.1% | +4,970 | −2,295 | 44 | |
| Cotton | 57,118 | 14.9% | −10,719 | −38,249 | 76 | |
| Orange juice | -1,241 | -12.5% | +36 | −32 | 52 |
Livestock · Managed money
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| Live cattle | 50,695 | 17.3% | −2,498 | +1,790 | 3 | |
| Feeder cattle | 9,386 | 14.7% | +1,220 | +1,938 | 11 | |
| Lean hogs | -41,504 | -14.0% | +9,131 | −11,870 | 5 |
Equity indices · Leveraged funds
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| S&P 500 (E-mini) | -415,087 | -21.5% | −42,598 | −73,983 | 36 | |
| Nasdaq-100 (E-mini) | -19,212 | -6.8% | +5,511 | +12,660 | 65 | |
| Russell 2000 (E-mini) | -105,317 | -24.8% | +9,237 | +4,830 | 9 | |
| MSCI EAFE | 45,535 | 4.3% | +12,636 | +760 | 41 | |
| MSCI Emerging Markets | — | — | — | — | — |
Interest rates · Leveraged funds
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| 2-year Treasury note | -1,257,484 | -28.0% | −91,504 | +32,995 | 92 | |
| 10-year Treasury note | -2,139,785 | -37.3% | −103,353 | −201,031 | 46 | |
| Treasury bond | -189,678 | -10.0% | +61,717 | +87,287 | 89 | |
| Ultra Treasury bond | -726,257 | -30.2% | +82,613 | +138,014 | 61 |
Currencies · Leveraged funds
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| Euro FX | -44,261 | -5.1% | −4,996 | −10,976 | 17 | |
| Japanese yen | -25,043 | -6.8% | −10,882 | +24,055 | 65 | |
| British pound | 12,432 | 4.7% | +7,826 | −22,195 | 28 | |
| Swiss franc | -11,350 | -8.3% | +2,645 | +2,090 | 24 | |
| Canadian dollar | -79,625 | -21.5% | −9,981 | −24,177 | 32 | |
| US Dollar Index | 864 | 1.7% | +503 | −5,322 | 75 |
Volatility · Leveraged funds
| Market | 52 weeks | Net contracts | % of OI | 1 week | 4 weeks | COT index 52W |
|---|---|---|---|---|---|---|
| VIX futures | 5,494 | 1.2% | +12,961 | +28,764 | 95 |
How to read the COT report
Net position
Long minus short contracts of the group. Shown also as a share of open interest, so a small and a large market can be compared.
COT index
Where the latest net position sits between the lowest (0) and highest (100) of the past 52 weeks. Each market page adds the 3-year index.
Extremes are context
Crowded positioning can last. The market pages show what prices did after past extremes, as history, not as signals.
Read the full guide to the COT report · Commodity prices and trends · Commodity ratios
Frequently asked questions
What is the COT report?
The Commitments of Traders is a weekly report from the US Commodity Futures Trading Commission (CFTC). It shows how many futures contracts each type of trader holds long and short: hedge funds and CTAs (managed money), producers and merchants, asset managers, leveraged funds and dealers.
When is the COT report released?
Every Friday at 3:30 pm Eastern time, with positions as of the previous Tuesday. When a US federal holiday falls in the week, publication usually moves to the following Monday. MEDGE updates these pages after each release.
What is the COT index?
It places the latest net position between the lowest (0) and the highest (100) of a look-back window, here 52 weeks. Near 100 a group is as long as it has been in a year, near 0 as short. It describes how stretched positioning is, not where prices will go.
Which group does this page show?
For commodities, managed money (hedge funds and CTAs) from the Disaggregated report. For equity indices, Treasuries, currencies and VIX, leveraged funds from the Traders in Financial Futures report. Each market page also shows the other groups.
Are extreme readings a buy or sell signal?
No. Crowded positioning can persist for long periods and prices can keep moving in the same direction. Each market page shows what happened after past extremes, as historical context only. Nothing here is investment advice.
Source: CFTC Commitments of Traders (Disaggregated and Traders in Financial Futures, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.