Managed Money net -123 contracts in DRY WHEY, 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
DRY WHEY - CHICAGO MERCANTILE EXCHANGE
CFTC contract code
052645
Contract unit
Contracts Of 44,000 Lbs.
Open interest, contracts
3,972
Change in open interest, contracts
+283
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
2,200
773
-
+1,427
55.4
19.5
35.9
Swap Dealers
1,203
701
0
+502
30.3
17.6
12.6
Managed Money
0
123
12
-123
0.0
3.1
-3.1
Other Reportables
0
1,981
76
-1,981
0.0
49.9
-49.9
Total reportable
3,491
3,666
-
-175
87.9
92.3
-4.4
Nonreportable
481
306
-
+175
12.1
7.7
4.4
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-123
Week change
+4
4-week change
+36
13-week change
+8
Net as % of open interest
-3.1%
Percentile, 1 year (52 weeks)
27
Percentile, 3 years (156 weeks)
9
Z-score, 52 weeks
-1.05
COT Index, 3 years
19
52-week high of net
+66
52-week low of net
-172
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
10
7
Managed Money
0
-
Other Reportables
0
6
Total reportable
16
15
Largest 4 traders, gross long
66.9%
Largest 4 traders, gross short
59.0%
Largest 8 traders, gross long
81.6%
Largest 8 traders, gross short
78.1%
Largest 4 traders, net long
66.9%
Largest 4 traders, net short
59.0%
Largest 8 traders, net long
77.8%
Largest 8 traders, net short
75.7%
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
3,147
1,384
-
+1,763
56.8
25.0
31.8
Swap Dealers
1,237
804
114
+433
22.3
14.5
7.8
Managed Money
0
123
12
-123
0.0
2.2
-2.2
Other Reportables
0
2,227
511
-2,227
0.0
40.2
-40.2
Total reportable
5,021
5,176
-
-155
90.7
93.5
-2.8
Nonreportable
515
361
-
+154
9.3
6.5
2.8
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
3,972
Old crop / nearest months, contracts
3,972
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
3,972
+1,427
+502
-123
-1,981
-175
+175
Tue 13 Oct 2026
3,689
+1,258
+502
-127
-1,798
-165
+165
Tue 29 Sep 2026
3,792
+1,847
-125
-171
-1,715
-164
+164
Tue 22 Sep 2026
3,687
+1,795
-108
-172
-1,685
-170
+170
Tue 4 Aug 2026
4,031
+1,780
-254
-159
-1,568
-201
+201
Tue 28 Jul 2026
4,079
+1,879
-263
-170
-1,658
-212
+212
Tue 21 Jul 2026
4,016
+1,867
-230
-152
-1,677
-192
+192
Tue 14 Jul 2026
4,006
+1,891
-230
-151
-1,694
-184
+184
Tue 7 Jul 2026
3,960
+1,880
-227
-162
-1,660
-169
+169
Tue 30 Jun 2026
4,506
+1,574
-214
-118
-1,569
-327
+327
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.