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 COT data is updated through Tuesday March 22nd 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 continued gains in Corn futures bets. The speculative net position in the Corn futures has risen for five consecutive weeks with a total rise of +104,864 contracts over that five-week time-frame. These substantial gains have pushed the current net speculator standing to a total of +519,356 contracts and marks the most bullish level of the past forty-six weeks, dating back to May 4th of 2021. The Corn positioning is near the very top of its three-year range as Corn speculator positions hold an extreme bullish strength score at 96.4 percent this week. The speculator strength score is the current speculator standing compared to past three years where above 80 is bullish extreme and below 20 is bearish extreme.
The soft commodities that saw higher bets this week were Corn (12,150 contracts), Soybeans (1,037 contracts), Live Cattle (2,483 contracts) and Cotton (4,033 contracts).
The soft commodities that saw declining bets this week were Sugar (-784 contracts), Coffee (-3,649 contracts), Soybean Oil (-5,359 contracts), Soybean Meal (-1,471 contracts), Cocoa (-1,487 contracts), Lean Hogs (-2,505 contracts) and Wheat (-1,440 contracts).
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
| Mar-22-2022 | OI | OI-Index | Spec-Net | Spec-Index | Com-Net | COM-Index | Smalls-Net | Smalls-Index |
|---|---|---|---|---|---|---|---|---|
| WTI Crude | 1,788,211 | 0 | 339,969 | 3 | -380,080 | 91 | 40,111 | 72 |
| Gold | 605,191 | 48 | 248,032 | 67 | -281,595 | 32 | 33,563 | 59 |
| Silver | 155,456 | 21 | 47,947 | 70 | -64,557 | 36 | 16,610 | 40 |
| Copper | 197,244 | 24 | 26,812 | 62 | -34,604 | 36 | 7,792 | 70 |
| Palladium | 6,948 | 2 | -1,208 | 15 | 238 | 78 | 970 | 100 |
| Platinum | 64,000 | 29 | 19,815 | 30 | -27,047 | 70 | 7,232 | 63 |
| Natural Gas | 1,085,676 | 1 | -149,337 | 34 | 107,446 | 65 | 41,891 | 85 |
| Brent | 191,138 | 32 | -24,666 | 70 | 22,639 | 31 | 2,027 | 37 |
| Heating Oil | 349,618 | 31 | 6,455 | 52 | -32,434 | 37 | 25,979 | 88 |
| Soybeans | 754,382 | 34 | 218,636 | 84 | -193,646 | 20 | -24,990 | 29 |
| Corn | 1,526,201 | 25 | 519,356 | 96 | -470,715 | 5 | -48,641 | 15 |
| Coffee | 222,172 | 1 | 41,851 | 79 | -45,824 | 24 | 3,973 | 16 |
| Sugar | 817,462 | 0 | 155,796 | 69 | -194,333 | 31 | 38,537 | 55 |
| Wheat | 345,345 | 5 | 9,490 | 55 | -7,030 | 34 | -2,460 | 100 |
CORN Futures:
The CORN large speculator standing this week reached a net position of 519,356 contracts in the data reported through Tuesday. This was a weekly gain of 12,150 contracts from the previous week which had a total of 507,206 net contracts.
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 96.4 percent. The commercials are Bearish-Extreme with a score of 4.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.0 percent.
| CORN Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 38.2 | 44.3 | 8.9 |
| – Percent of Open Interest Shorts: | 4.2 | 75.2 | 12.1 |
| – Net Position: | 519,356 | -470,715 | -48,641 |
| – Gross Longs: | 582,844 | 676,718 | 135,850 |
| – Gross Shorts: | 63,488 | 1,147,433 | 184,491 |
| – Long to Short Ratio: | 9.2 to 1 | 0.6 to 1 | 0.7 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 96.4 | 4.9 | 15.0 |
| – Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish-Extreme | Bearish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 12.7 | -12.5 | -6.8 |
SUGAR Futures:
The SUGAR large speculator standing this week reached a net position of 155,796 contracts in the data reported through Tuesday. This was a weekly fall of -784 contracts from the previous week which had a total of 156,580 net contracts.
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 68.6 percent. The commercials are Bearish with a score of 31.3 percent and the small traders (not shown in chart) are Bullish with a score of 55.5 percent.
| SUGAR Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 25.9 | 51.4 | 10.9 |
| – Percent of Open Interest Shorts: | 6.9 | 75.1 | 6.1 |
| – Net Position: | 155,796 | -194,333 | 38,537 |
| – Gross Longs: | 212,075 | 419,942 | 88,696 |
| – Gross Shorts: | 56,279 | 614,275 | 50,159 |
| – Long to Short Ratio: | 3.8 to 1 | 0.7 to 1 | 1.8 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 68.6 | 31.3 | 55.5 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 15.8 | -18.5 | 25.5 |
COFFEE Futures:
The COFFEE large speculator standing this week reached a net position of 41,851 contracts in the data reported through Tuesday. This was a weekly lowering of -3,649 contracts from the previous week which had a total of 45,500 net contracts.
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 79.0 percent. The commercials are Bearish with a score of 24.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.8 percent.
| COFFEE Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 23.9 | 53.2 | 4.6 |
| – Percent of Open Interest Shorts: | 5.0 | 73.8 | 2.8 |
| – Net Position: | 41,851 | -45,824 | 3,973 |
| – Gross Longs: | 53,000 | 118,138 | 10,190 |
| – Gross Shorts: | 11,149 | 163,962 | 6,217 |
| – Long to Short Ratio: | 4.8 to 1 | 0.7 to 1 | 1.6 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 79.0 | 24.0 | 15.8 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bearish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -18.2 | 20.8 | -9.8 |
SOYBEANS Futures:
The SOYBEANS large speculator standing this week reached a net position of 218,636 contracts in the data reported through Tuesday. This was a weekly increase of 1,037 contracts from the previous week which had a total of 217,599 net contracts.
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 84.4 percent. The commercials are Bearish with a score of 20.3 percent and the small traders (not shown in chart) are Bearish with a score of 28.8 percent.
| SOYBEANS Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 35.2 | 44.9 | 7.0 |
| – Percent of Open Interest Shorts: | 6.2 | 70.6 | 10.4 |
| – Net Position: | 218,636 | -193,646 | -24,990 |
| – Gross Longs: | 265,191 | 338,902 | 53,105 |
| – Gross Shorts: | 46,555 | 532,548 | 78,095 |
| – Long to Short Ratio: | 5.7 to 1 | 0.6 to 1 | 0.7 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 84.4 | 20.3 | 28.8 |
| – Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish | Bearish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 2.2 | -4.1 | 14.7 |
SOYBEAN OIL Futures:
The SOYBEAN OIL large speculator standing this week reached a net position of 92,568 contracts in the data reported through Tuesday. This was a weekly lowering of -5,359 contracts from the previous week which had a total of 97,927 net contracts.
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 73.8 percent. The commercials are Bearish with a score of 24.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 84.1 percent.
| SOYBEAN OIL Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 31.7 | 48.9 | 10.3 |
| – Percent of Open Interest Shorts: | 5.0 | 81.0 | 4.8 |
| – Net Position: | 92,568 | -111,498 | 18,930 |
| – Gross Longs: | 110,061 | 169,898 | 35,595 |
| – Gross Shorts: | 17,493 | 281,396 | 16,665 |
| – Long to Short Ratio: | 6.3 to 1 | 0.6 to 1 | 2.1 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 73.8 | 24.0 | 84.1 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 14.3 | -16.9 | 26.9 |
SOYBEAN MEAL Futures:
The SOYBEAN MEAL large speculator standing this week reached a net position of 128,784 contracts in the data reported through Tuesday. This was a weekly decline of -1,471 contracts from the previous week which had a total of 130,255 net contracts.
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 99.2 percent. The commercials are Bearish-Extreme with a score of 1.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.1 percent.
| SOYBEAN MEAL Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 35.9 | 41.7 | 11.9 |
| – Percent of Open Interest Shorts: | 3.1 | 81.8 | 4.7 |
| – Net Position: | 128,784 | -157,051 | 28,267 |
| – Gross Longs: | 140,982 | 163,690 | 46,858 |
| – Gross Shorts: | 12,198 | 320,741 | 18,591 |
| – Long to Short Ratio: | 11.6 to 1 | 0.5 to 1 | 2.5 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 99.2 | 1.3 | 83.1 |
| – Strength Index Reading (3 Year Range): | Bullish-Extreme | Bearish-Extreme | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 12.5 | -12.8 | 8.4 |
LIVE CATTLE Futures:
The LIVE CATTLE large speculator standing this week reached a net position of 46,739 contracts in the data reported through Tuesday. This was a weekly rise of 2,483 contracts from the previous week which had a total of 44,256 net contracts.
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 20.4 percent. The commercials are Bullish with a score of 77.1 percent and the small traders (not shown in chart) are Bullish with a score of 64.5 percent.
| LIVE CATTLE Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 35.2 | 41.8 | 10.6 |
| – Percent of Open Interest Shorts: | 20.1 | 53.9 | 13.6 |
| – Net Position: | 46,739 | -37,444 | -9,295 |
| – Gross Longs: | 108,953 | 129,408 | 32,699 |
| – Gross Shorts: | 62,214 | 166,852 | 41,994 |
| – Long to Short Ratio: | 1.8 to 1 | 0.8 to 1 | 0.8 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 20.4 | 77.1 | 64.5 |
| – Strength Index Reading (3 Year Range): | Bearish | Bullish | Bullish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -22.2 | 24.3 | 8.8 |
LEAN HOGS Futures:
The LEAN HOGS large speculator standing this week reached a net position of 45,985 contracts in the data reported through Tuesday. This was a weekly fall of -2,505 contracts from the previous week which had a total of 48,490 net contracts.
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 56.8 percent. The commercials are Bearish with a score of 48.8 percent and the small traders (not shown in chart) are Bullish with a score of 52.6 percent.
| LEAN HOGS Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 37.3 | 35.9 | 9.8 |
| – Percent of Open Interest Shorts: | 17.5 | 52.3 | 13.3 |
| – Net Position: | 45,985 | -37,830 | -8,155 |
| – Gross Longs: | 86,563 | 83,339 | 22,630 |
| – Gross Shorts: | 40,578 | 121,169 | 30,785 |
| – Long to Short Ratio: | 2.1 to 1 | 0.7 to 1 | 0.7 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 56.8 | 48.8 | 52.6 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -22.5 | 20.3 | 17.7 |
COTTON Futures:
The COTTON large speculator standing this week reached a net position of 87,354 contracts in the data reported through Tuesday. This was a weekly boost of 4,033 contracts from the previous week which had a total of 83,321 net contracts.
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 78.3 percent. The commercials are Bearish-Extreme with a score of 18.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 98.8 percent.
| COTTON Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 43.7 | 37.3 | 9.1 |
| – Percent of Open Interest Shorts: | 5.8 | 81.1 | 3.2 |
| – Net Position: | 87,354 | -101,015 | 13,661 |
| – Gross Longs: | 100,659 | 85,918 | 20,968 |
| – Gross Shorts: | 13,305 | 186,933 | 7,307 |
| – Long to Short Ratio: | 7.6 to 1 | 0.5 to 1 | 2.9 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 78.3 | 18.9 | 98.8 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish-Extreme | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -6.3 | 5.3 | 4.7 |
COCOA Futures:
The COCOA large speculator standing this week reached a net position of 31,204 contracts in the data reported through Tuesday. This was a weekly decrease of -1,487 contracts from the previous week which had a total of 32,691 net contracts.
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 48.2 percent. The commercials are Bearish with a score of 46.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 90.3 percent.
| COCOA Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 29.6 | 47.3 | 7.1 |
| – Percent of Open Interest Shorts: | 16.9 | 63.8 | 3.3 |
| – Net Position: | 31,204 | -40,535 | 9,331 |
| – Gross Longs: | 72,893 | 116,511 | 17,572 |
| – Gross Shorts: | 41,689 | 157,046 | 8,241 |
| – Long to Short Ratio: | 1.7 to 1 | 0.7 to 1 | 2.1 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 48.2 | 46.5 | 90.3 |
| – Strength Index Reading (3 Year Range): | Bearish | Bearish | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | -11.4 | 6.5 | 48.2 |
WHEAT Futures:
The WHEAT large speculator standing this week reached a net position of 9,490 contracts in the data reported through Tuesday. This was a weekly reduction of -1,440 contracts from the previous week which had a total of 10,930 net contracts.
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 55.1 percent. The commercials are Bearish with a score of 34.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.
| WHEAT Futures Statistics | SPECULATORS | COMMERCIALS | SMALL TRADERS |
| – Percent of Open Interest Longs: | 32.8 | 42.0 | 9.4 |
| – Percent of Open Interest Shorts: | 30.1 | 44.1 | 10.1 |
| – Net Position: | 9,490 | -7,030 | -2,460 |
| – Gross Longs: | 113,410 | 145,144 | 32,492 |
| – Gross Shorts: | 103,920 | 152,174 | 34,952 |
| – Long to Short Ratio: | 1.1 to 1 | 1.0 to 1 | 0.9 to 1 |
| NET POSITION TREND: | |||
| – Strength Index Score (3 Year Range Pct): | 55.1 | 34.0 | 100.0 |
| – Strength Index Reading (3 Year Range): | Bullish | Bearish | Bullish-Extreme |
| NET POSITION MOVEMENT INDEX: | |||
| – 6-Week Change in Strength Index: | 11.1 | -14.6 | 10.3 |
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.
- The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024
- EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024
- Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024
- Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
- USD/JPY at a Three-Month Peak: No One Opposes the US Dollar Nov 13, 2024
- Can Chinese Tech earnings offer relief for Chinese stock indexes? Nov 13, 2024
- Bitcoin hits an all-time high above $88,000. Oil remains under pressure Nov 12, 2024
- Brent Crude Stumbles as Market Sentiments Turn Cautious Nov 12, 2024
- Bitcoin hits new record high just shy of $82,000! Nov 11, 2024
- The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China Nov 11, 2024
