Managed Money net -278 contracts in COBALT, 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
COBALT - COMMODITY EXCHANGE INC.
CFTC contract code
188691
Contract unit
2,204.62 Pounds (1 Metric Ton
Open interest, contracts
15,957
Change in open interest, contracts
+41
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
3,698
4,920
-
-1,222
23.2
30.8
-7.7
Swap Dealers
4,474
2,123
235
+2,351
28.0
13.3
14.7
Managed Money
2,339
2,617
2,643
-278
14.7
16.4
-1.7
Other Reportables
2,019
2,727
111
-708
12.7
17.1
-4.4
Total reportable
15,519
15,376
-
+143
97.3
96.4
0.9
Nonreportable
438
581
-
-143
2.7
3.6
-0.9
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-278
Week change
-117
4-week change
-93
13-week change
+467
Net as % of open interest
-1.7%
Percentile, 1 year (52 weeks)
94
Percentile, 3 years (156 weeks)
52
Z-score, 52 weeks
1.56
COT Index, 3 years
21
52-week high of net
-161
52-week low of net
-1,579
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
10
13
Swap Dealers
5
-
Managed Money
5
4
Other Reportables
-
5
Total reportable
28
31
Largest 4 traders, gross long
39.5%
Largest 4 traders, gross short
45.0%
Largest 8 traders, gross long
68.8%
Largest 8 traders, gross short
68.1%
Largest 4 traders, net long
36.0%
Largest 4 traders, net short
41.3%
Largest 8 traders, net long
60.2%
Largest 8 traders, net short
58.4%
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
3,698
4,920
-
-1,222
23.2
30.8
-7.7
Swap Dealers
4,474
2,123
235
+2,351
28.0
13.3
14.7
Managed Money
2,339
2,617
2,643
-278
14.7
16.4
-1.7
Other Reportables
2,019
2,727
111
-708
12.7
17.1
-4.4
Total reportable
15,519
15,376
-
+143
97.3
96.4
0.9
Nonreportable
438
581
-
-143
2.7
3.6
-0.9
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
15,957
Old crop / nearest months, contracts
15,957
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
15,957
-1,222
+2,351
-278
-708
+143
-143
Tue 13 Oct 2026
15,916
-1,179
+2,291
-161
-507
+444
-444
Tue 6 Oct 2026
15,441
-803
+2,124
-326
-502
+493
-493
Tue 29 Sep 2026
15,920
-1,903
+2,372
-265
+166
+370
-370
Tue 22 Sep 2026
15,404
-1,941
+2,317
-185
+85
+276
-276
Tue 15 Sep 2026
14,897
-1,836
+2,734
-607
+226
+517
-517
Tue 8 Sep 2026
14,601
-1,942
+2,729
-589
+90
+288
-288
Tue 1 Sep 2026
15,658
-2,222
+2,823
-735
+295
+161
-161
Tue 25 Aug 2026
15,268
-2,438
+2,776
-441
+267
+164
-164
Tue 18 Aug 2026
14,867
-2,478
+2,741
-441
+528
+350
-350
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.