By InvestMacro | COT | Data Tables | COT Leaders | Downloads | COT Newsletter
Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest release was delayed by the CFTC due to the Christmas holiday.
The latest COT data is updated through Tuesday December 21st 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.
Highlighting the COT soft commodities data is the sharp rise in Soybean bullish bets to an 18-week high-point. Soybeans speculator positions rose for a third consecutive week as bullish bets went back over the +100,000 net contract level for the first time since August. Last week’s rise was the largest one-week gain of the past sixty-eight weeks, dating back to September 1st of 2020.
The soft commodities that saw higher bets on the week were Corn (18,699 contracts), Soybeans (39,656 contracts), Soybean Meal (8,705 contracts), Lean Hogs (1,094 contracts), Cotton (-951 contracts) and Cocoa (1,804 contracts).
The markets that had lower bets were Sugar (-27,265 contracts), Coffee (-4,174 contracts), Soybean Oil (-2,755 contracts), Live Cattle (-13,158 contracts) and Wheat (-2,833 contracts).
Free Reports:
Dec-21-2021 | OI | OI-Index | Spec-Net | Spec-Index | Com-Net | COM-Index | Smalls-Net | Smalls-Index |
---|---|---|---|---|---|---|---|---|
WTI Crude | 1,892,701 | 0 | 340,255 | 20 | -375,816 | 70 | 35,561 | 65 |
Gold | 500,846 | 19 | 205,811 | 53 | -236,029 | 46 | 30,218 | 50 |
Silver | 141,119 | 8 | 20,926 | 43 | -36,399 | 63 | 15,473 | 30 |
Copper | 170,353 | 5 | 4,437 | 46 | -9,777 | 53 | 5,340 | 56 |
Palladium | 9,518 | 14 | -3,639 | 1 | 3,985 | 99 | -346 | 24 |
Platinum | 64,732 | 30 | 1,268 | 4 | -7,717 | 98 | 6,449 | 52 |
Natural Gas | 1,142,729 | 4 | -141,212 | 36 | 109,551 | 65 | 31,661 | 59 |
Brent | 224,110 | 58 | -25,001 | 76 | 22,225 | 26 | 2,776 | 47 |
Heating Oil | 302,721 | 3 | 4,897 | 50 | -21,060 | 49 | 16,163 | 54 |
Soybeans | 654,460 | 11 | 102,877 | 56 | -72,352 | 49 | -30,525 | 21 |
Corn | 1,485,412 | 19 | 445,320 | 87 | -401,280 | 15 | -44,040 | 18 |
Coffee | 258,871 | 28 | 56,134 | 89 | -57,984 | 14 | 1,850 | 1 |
Sugar | 864,082 | 9 | 189,198 | 75 | -210,783 | 28 | 21,585 | 35 |
Wheat | 357,381 | 11 | 9,132 | 55 | -1,601 | 39 | -7,531 | 66 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 86.9 percent. The commercials are Bearish-Extreme with a score of 14.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.7 percent.
CORN Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 34.9 | 44.4 | 8.8 |
– Percent of Open Interest Shorts: | 4.9 | 71.4 | 11.8 |
– Net Position: | 445,320 | -401,280 | -44,040 |
– Gross Longs: | 517,718 | 659,593 | 131,137 |
– Gross Shorts: | 72,398 | 1,060,873 | 175,177 |
– Long to Short Ratio: | 7.2 to 1 | 0.6 to 1 | 0.7 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 86.9 | 14.8 | 17.7 |
– Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish-Extreme | Bearish-Extreme |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | 8.9 | -11.4 | 6.0 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.5 percent. The commercials are Bearish with a score of 28.2 percent and the small traders (not shown in chart) are Bearish with a score of 34.5 percent.
SUGAR Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 27.9 | 49.4 | 8.7 |
– Percent of Open Interest Shorts: | 6.0 | 73.8 | 6.3 |
– Net Position: | 189,198 | -210,783 | 21,585 |
– Gross Longs: | 240,751 | 426,557 | 75,597 |
– Gross Shorts: | 51,553 | 637,340 | 54,012 |
– Long to Short Ratio: | 4.7 to 1 | 0.7 to 1 | 1.4 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 75.5 | 28.2 | 34.5 |
– Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | -4.7 | 9.5 | -33.6 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 89.4 percent. The commercials are Bearish-Extreme with a score of 14.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 1.1 percent.
COFFEE Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 27.0 | 48.1 | 3.5 |
– Percent of Open Interest Shorts: | 5.3 | 70.5 | 2.8 |
– Net Position: | 56,134 | -57,984 | 1,850 |
– Gross Longs: | 69,794 | 124,465 | 9,132 |
– Gross Shorts: | 13,660 | 182,449 | 7,282 |
– Long to Short Ratio: | 5.1 to 1 | 0.7 to 1 | 1.3 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 89.4 | 14.4 | 1.1 |
– Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish-Extreme | Bearish-Extreme |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | -3.4 | 5.8 | -18.7 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 55.8 percent. The commercials are Bearish with a score of 48.8 percent and the small traders (not shown in chart) are Bearish with a score of 21.0 percent.
SOYBEANS Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 23.2 | 53.2 | 7.7 |
– Percent of Open Interest Shorts: | 7.5 | 64.3 | 12.4 |
– Net Position: | 102,877 | -72,352 | -30,525 |
– Gross Longs: | 152,008 | 348,397 | 50,683 |
– Gross Shorts: | 49,131 | 420,749 | 81,208 |
– Long to Short Ratio: | 3.1 to 1 | 0.8 to 1 | 0.6 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 55.8 | 48.8 | 21.0 |
– Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | 18.6 | -19.2 | 10.2 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.7 percent. The commercials are Bearish with a score of 24.5 percent and the small traders (not shown in chart) are Bullish with a score of 56.2 percent.
SOYBEAN MEAL Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 25.4 | 46.6 | 11.8 |
– Percent of Open Interest Shorts: | 5.4 | 72.0 | 6.5 |
– Net Position: | 80,134 | -101,479 | 21,345 |
– Gross Longs: | 101,957 | 186,874 | 47,345 |
– Gross Shorts: | 21,823 | 288,353 | 26,000 |
– Long to Short Ratio: | 4.7 to 1 | 0.6 to 1 | 1.8 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 75.7 | 24.5 | 56.2 |
– Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | 20.2 | -17.4 | -14.7 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.6 percent. The commercials are Bullish with a score of 60.4 percent and the small traders (not shown in chart) are Bullish with a score of 66.1 percent.
LIVE CATTLE Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 37.4 | 37.3 | 10.3 |
– Percent of Open Interest Shorts: | 15.5 | 56.3 | 13.1 |
– Net Position: | 66,356 | -57,712 | -8,644 |
– Gross Longs: | 113,339 | 112,965 | 31,159 |
– Gross Shorts: | 46,983 | 170,677 | 39,803 |
– Long to Short Ratio: | 2.4 to 1 | 0.7 to 1 | 0.8 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 33.6 | 60.4 | 66.1 |
– Strength Index Reading (3 Year Range): | Bearish | Bullish | Bullish |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | 11.5 | -13.6 | -1.7 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.2 percent. The commercials are Bearish with a score of 42.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.0 percent.
LEAN HOGS Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 40.5 | 36.3 | 7.4 |
– Percent of Open Interest Shorts: | 14.3 | 54.9 | 15.0 |
– Net Position: | 55,296 | -39,273 | -16,023 |
– Gross Longs: | 85,559 | 76,686 | 15,634 |
– Gross Shorts: | 30,263 | 115,959 | 31,657 |
– Long to Short Ratio: | 2.8 to 1 | 0.7 to 1 | 0.5 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 68.2 | 42.1 | 11.0 |
– Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish-Extreme |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | 10.9 | -11.1 | 0.6 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.6 percent. The commercials are Bearish with a score of 20.6 percent and the small traders (not shown in chart) are Bullish with a score of 78.2 percent.
COTTON Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 43.4 | 35.9 | 7.5 |
– Percent of Open Interest Shorts: | 5.3 | 78.6 | 3.0 |
– Net Position: | 87,737 | -98,098 | 10,361 |
– Gross Longs: | 99,892 | 82,576 | 17,286 |
– Gross Shorts: | 12,155 | 180,674 | 6,925 |
– Long to Short Ratio: | 8.2 to 1 | 0.5 to 1 | 2.5 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 78.6 | 20.6 | 78.2 |
– Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | -10.1 | 11.3 | -21.6 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 24.0 percent. The commercials are Bullish with a score of 76.6 percent and the small traders (not shown in chart) are Bearish with a score of 29.3 percent.
COCOA Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 26.0 | 52.6 | 5.1 |
– Percent of Open Interest Shorts: | 25.7 | 53.7 | 4.3 |
– Net Position: | 703 | -2,534 | 1,831 |
– Gross Longs: | 60,704 | 122,521 | 11,806 |
– Gross Shorts: | 60,001 | 125,055 | 9,975 |
– Long to Short Ratio: | 1.0 to 1 | 1.0 to 1 | 1.2 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 24.0 | 76.6 | 29.3 |
– Strength Index Reading (3 Year Range): | Bearish | Bullish | Bearish |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | 4.9 | -3.5 | -15.4 |
This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 54.8 percent. The commercials are Bearish with a score of 39.3 percent and the small traders (not shown in chart) are Bullish with a score of 65.6 percent.
WHEAT Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
– Percent of Open Interest Longs: | 29.0 | 37.6 | 8.3 |
– Percent of Open Interest Shorts: | 26.5 | 38.0 | 10.5 |
– Net Position: | 9,132 | -1,601 | -7,531 |
– Gross Longs: | 103,696 | 134,206 | 29,825 |
– Gross Shorts: | 94,564 | 135,807 | 37,356 |
– Long to Short Ratio: | 1.1 to 1 | 1.0 to 1 | 0.8 to 1 |
NET POSITION TREND: | |||
– Strength Index Score (3 Year Range Pct): | 54.8 | 39.3 | 65.6 |
– Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
NET POSITION MOVEMENT INDEX: | |||
– 6-Week Change in Strength Index: | -8.6 | 11.5 | -8.3 |
Article By InvestMacro – Receive our weekly COT Reports by Email
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.
The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.
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