FuturesIntel
    Market Reference

    Commitment of Traders (COT)

    Analyze CFTC positioning data to understand how commercial hedgers, large speculators, and retail traders are positioned in futures markets.

    Live CFTC DataUpdated: Oct 18, 3:09 PM
    Next release: Fri, Oct 23 3:30 PM ET
    Commercials: Hedgers (producers/consumers)
    Non-Commercials: Large speculators (funds)
    Small Specs: Retail traders
    6B
    British Pound
    Currencies
    Report: 2026-10-13

    Open Interest

    269K

    +0

    Commercials (Hedgers)
    Net: 121K
    Long: 199KShort: 78K
    Non-Commercials (Speculators)
    Net: -107K
    Long: 44KShort: 151K
    Small Speculators
    Net: -14K
    Long: 22KShort: 36K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    6E
    Euro FX
    Currencies
    Report: 2026-10-13

    Open Interest

    875K

    +0

    Commercials (Hedgers)
    Net: 111K
    Long: 521KShort: 410K
    Non-Commercials (Speculators)
    Net: -138K
    Long: 223KShort: 361K
    Small Speculators
    Net: 26K
    Long: 85KShort: 58K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    6J
    Japanese Yen
    Currencies
    Report: 2026-10-13

    Open Interest

    374K

    +0

    Commercials (Hedgers)
    Net: -49K
    Long: 144KShort: 193K
    Non-Commercials (Speculators)
    Net: 50K
    Long: 191KShort: 141K
    Small Speculators
    Net: -2K
    Long: 35KShort: 36K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    CL
    WTI Crude Oil
    Energy
    Report: 2026-10-13

    Open Interest

    1.9M

    +0

    Commercials (Hedgers)
    Net: -125K
    Long: 929KShort: 1.1M
    Non-Commercials (Speculators)
    Net: 100K
    Long: 345KShort: 244K
    Small Speculators
    Net: 25K
    Long: 80KShort: 55K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    ES
    E-mini S&P 500
    Equity Index
    Report: 2026-10-13

    Open Interest

    1.9M

    +0

    Commercials (Hedgers)
    Net: 35K
    Long: 1.4MShort: 1.4M
    Non-Commercials (Speculators)
    Net: -141K
    Long: 225KShort: 366K
    Small Speculators
    Net: 106K
    Long: 244KShort: 138K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    GC
    Gold
    Metals
    Report: 2026-10-13

    Open Interest

    396K

    +0

    Commercials (Hedgers)
    Net: -243K
    Long: 54KShort: 297K
    Non-Commercials (Speculators)
    Net: 208K
    Long: 245KShort: 37K
    Small Speculators
    Net: 35K
    Long: 51KShort: 16K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    HG
    Copper
    Metals
    Report: 2026-10-13

    Open Interest

    314K

    +0

    Commercials (Hedgers)
    Net: -77K
    Long: 106KShort: 182K
    Non-Commercials (Speculators)
    Net: 69K
    Long: 108KShort: 39K
    Small Speculators
    Net: 8K
    Long: 18KShort: 10K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    NG
    Natural Gas
    Energy
    Report: 2026-10-13

    Open Interest

    1.7M

    +0

    Commercials (Hedgers)
    Net: 219K
    Long: 611KShort: 392K
    Non-Commercials (Speculators)
    Net: -234K
    Long: 277KShort: 511K
    Small Speculators
    Net: 15K
    Long: 55KShort: 40K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    NQ
    E-mini Nasdaq-100
    Equity Index
    Report: 2026-10-13

    Open Interest

    280K

    +0

    Commercials (Hedgers)
    Net: -60K
    Long: 145KShort: 205K
    Non-Commercials (Speculators)
    Net: 49K
    Long: 84KShort: 35K
    Small Speculators
    Net: 11K
    Long: 43KShort: 31K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    SI
    Silver
    Metals
    Report: 2026-10-13

    Open Interest

    108K

    +0

    Commercials (Hedgers)
    Net: -39K
    Long: 33KShort: 73K
    Non-Commercials (Speculators)
    Net: 23K
    Long: 34KShort: 12K
    Small Speculators
    Net: 17K
    Long: 26KShort: 10K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    ZB
    30-Year T-Bond
    Interest Rates
    Report: 2026-10-13

    Open Interest

    1.8M

    +0

    Commercials (Hedgers)
    Net: 77K
    Long: 1.4MShort: 1.3M
    Non-Commercials (Speculators)
    Net: -126K
    Long: 199KShort: 326K
    Small Speculators
    Net: 49K
    Long: 216KShort: 167K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    ZC
    Corn
    Grains
    Report: 2026-10-13

    Open Interest

    1.8M

    +0

    Commercials (Hedgers)
    Net: -327K
    Long: 777KShort: 1.1M
    Non-Commercials (Speculators)
    Net: 358K
    Long: 512KShort: 153K
    Small Speculators
    Net: -31K
    Long: 145KShort: 177K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    ZN
    10-Year T-Note
    Interest Rates
    Report: 2026-10-13

    Open Interest

    5.8M

    +0

    Commercials (Hedgers)
    Net: 943K
    Long: 4.6MShort: 3.7M
    Non-Commercials (Speculators)
    Net: -988K
    Long: 649KShort: 1.6M
    Small Speculators
    Net: 46K
    Long: 429KShort: 383K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    ZS
    Soybeans
    Grains
    Report: 2026-10-13

    Open Interest

    1.1M

    +0

    Commercials (Hedgers)
    Net: -246K
    Long: 454KShort: 700K
    Non-Commercials (Speculators)
    Net: 271K
    Long: 356KShort: 85K
    Small Speculators
    Net: -25K
    Long: 50KShort: 75K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    ZW
    Wheat (SRW)
    Grains
    Report: 2026-10-13

    Open Interest

    507K

    +0

    Commercials (Hedgers)
    Net: 15K
    Long: 191KShort: 176K
    Non-Commercials (Speculators)
    Net: -18K
    Long: 125KShort: 142K
    Small Speculators
    Net: 3K
    Long: 36KShort: 33K

    Commercial Net Δ

    +0

    Non-Comm Net Δ

    +0

    Small Specs Net Δ

    +0

    Understanding COT Data
    How to interpret Commitment of Traders reports

    Commercials

    Hedgers who use futures to offset business risks. They're often contrarian—going long when prices are low and short when high. Their positioning often signals market extremes.

    Non-Commercials

    Large speculators like hedge funds and CTAs. They're trend-followers whose extreme positioning can signal crowded trades. Watch for positioning reversals.

    Small Speculators

    Retail traders often considered "dumb money." Their extreme positioning can be a contrarian indicator, though this varies by market.