Managed Money net +555 contracts in CALIF CARBON ALLOWANCE V2025, positions as of Tue 9 Dec 2025.
Data as of Positions as of Tue 9 Dec 2025; published Fri 12 Dec 2025
Positions as of Tue 9 Dec 2025 - published Fri 12 Dec 2025 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
CALIF CARBON ALLOWANCE V2025 - NODAL EXCHANGE
CFTC contract code
006NGR
Contract unit
1,000 California Carbon Allowances
Open interest, contracts
4,949
Change in open interest, contracts
+504
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
3,216
714
-
+2,502
65.0
14.4
50.6
Swap Dealers
505
1,085
0
-580
10.2
21.9
-11.7
Managed Money
555
0
0
+555
11.2
0.0
11.2
Other Reportables
350
2,248
0
-1,898
7.1
45.4
-38.4
Total reportable
4,626
4,047
-
+579
93.5
81.8
11.7
Nonreportable
323
902
-
-579
6.5
18.2
-11.7
Managed Money: position against its own history
Weekly net, last 52 reports
Managed Money net, contracts
+555
Week change
+218
4-week change
+395
13-week change
-720
Net as % of open interest
11.2%
Percentile, 1 year (52 weeks)
6
Percentile, 3 years (156 weeks)
-
Z-score, 52 weeks
-1.87
COT Index, 3 years
-
52-week high of net
+1,275
52-week low of net
+160
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
5
-
Managed Money
-
0
Other Reportables
-
8
Total reportable
10
13
Largest 4 traders, gross long
78.5%
Largest 4 traders, gross short
57.5%
Largest 8 traders, gross long
92.6%
Largest 8 traders, gross short
78.0%
Largest 4 traders, net long
78.5%
Largest 4 traders, net short
57.5%
Largest 8 traders, net long
92.6%
Largest 8 traders, net short
78.0%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
4,745
1,682
-
+3,063
42.8
15.2
27.6
Swap Dealers
364
1,095
249
-731
3.3
9.9
-6.6
Managed Money
48
1,983
571
-1,935
0.4
17.9
-17.5
Other Reportables
969
786
3,816
+183
8.7
7.1
1.7
Total reportable
10,761
10,182
-
+579
97.1
91.8
5.2
Nonreportable
325
904
-
-579
2.9
8.2
-5.2
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Open interest by maturity split
All contract months, contracts
4,949
Old crop / nearest months, contracts
4,949
Other months, contracts
0
Recent reports, net by category
Report date
Open interest
Producer/Merchant/Processor/User
Swap Dealers
Managed Money
Other Reportables
Total reportable
Nonreportable
Tue 9 Dec 2025
4,949
+2,502
-580
+555
-1,898
+579
-579
Tue 2 Dec 2025
4,445
+2,562
-1,789
+337
-1,127
-17
+17
Tue 25 Nov 2025
5,484
+638
-1,789
+637
+518
+4
-4
Tue 18 Nov 2025
5,893
+465
-1,912
+637
+797
-13
+13
Mon 10 Nov 2025
5,548
+616
-1,412
+160
+623
-13
+13
Tue 4 Nov 2025
5,015
+589
-1,412
+850
-41
-14
+14
Tue 28 Oct 2025
5,071
+486
-1,362
+825
+36
-15
+15
Tue 21 Oct 2025
5,082
+461
-1,362
+825
+58
-18
+18
Tue 14 Oct 2025
5,012
+344
-1,387
+850
+188
-5
+5
Tue 7 Oct 2025
5,060
+352
-1,387
+900
+117
-18
+18
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Disaggregated report, futures only unless stated. Positions as of Tue 9 Dec 2025, published Fri 12 Dec 2025.