Managed Money net +1,029 contracts in CME MILK IV, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
CME MILK IV - CHICAGO MERCANTILE EXCHANGE
CFTC contract code
052644
Contract unit
Contracts Of 200,000 Pounds
Open interest, contracts
15,639
Change in open interest, contracts
+582
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
3,423
11,376
-
-7,953
21.9
72.7
-50.9
Swap Dealers
2,741
899
30
+1,842
17.5
5.7
11.8
Managed Money
1,029
0
28
+1,029
6.6
0.0
6.6
Other Reportables
8,036
2,084
195
+5,952
51.4
13.3
38.1
Total reportable
15,482
14,612
-
+870
99.0
93.4
5.6
Nonreportable
157
1,027
-
-870
1.0
6.6
-5.6
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+1,029
Week change
-32
4-week change
+675
13-week change
+1,134
Net as % of open interest
6.6%
Percentile, 1 year (52 weeks)
98
Percentile, 3 years (156 weeks)
99
Z-score, 52 weeks
3.49
COT Index, 3 years
98
52-week high of net
+1,061
52-week low of net
-242
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
8
14
Managed Money
-
0
Other Reportables
-
10
Total reportable
17
29
Largest 4 traders, gross long
79.9%
Largest 4 traders, gross short
61.2%
Largest 8 traders, gross long
95.6%
Largest 8 traders, gross short
77.1%
Largest 4 traders, net long
79.9%
Largest 4 traders, net short
60.8%
Largest 8 traders, net long
95.2%
Largest 8 traders, net short
75.6%
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
6,151
17,067
-
-10,916
16.3
45.1
-28.8
Swap Dealers
3,162
1,988
846
+1,174
8.4
5.3
3.1
Managed Money
1,897
0
233
+1,897
5.0
0.0
5.0
Other Reportables
17,169
7,042
7,666
+10,127
45.4
18.6
26.8
Total reportable
37,123
34,841
-
+2,282
98.1
92.1
6.0
Nonreportable
727
3,008
-
-2,281
1.9
7.9
-6.0
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
15,639
Old crop / nearest months, contracts
15,639
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 20 Oct 2026
15,639
-7,953
+1,842
+1,029
+5,952
+870
-870
Tue 13 Oct 2026
15,057
-7,875
+1,847
+1,061
+5,785
+818
-818
Tue 6 Oct 2026
14,401
-7,560
+1,781
+999
+5,557
+777
-777
Tue 29 Sep 2026
14,616
-7,146
+1,734
+653
+5,619
+860
-860
Tue 22 Sep 2026
12,324
-5,045
+794
+354
+4,656
+759
-759
Tue 15 Sep 2026
11,557
-4,491
+701
+201
+4,346
+757
-757
Tue 8 Sep 2026
10,443
-3,584
+601
+80
+3,641
+738
-738
Tue 1 Sep 2026
11,519
-3,434
+620
+53
+3,486
+725
-725
Tue 25 Aug 2026
9,099
-1,383
+848
-30
+1,186
+621
-621
Tue 18 Aug 2026
8,827
-1,308
+850
-51
+1,063
+554
-554
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 20 Oct 2026, published Fri 23 Oct 2026.