Managed Money net +823 contracts in MICRO COPPER, positions as of Tue 12 May 2026.
Data as of Positions as of Tue 12 May 2026; published Fri 15 May 2026
Positions as of Tue 12 May 2026 - published Fri 15 May 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
MICRO COPPER - COMMODITY EXCHANGE INC.
CFTC contract code
085699
Contract unit
Contracts Of 2,500 Pounds
Open interest, contracts
11,918
Change in open interest, contracts
-3,812
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
0
227
-
-227
0.0
1.9
-1.9
Swap Dealers
0
0
0
+0
0.0
0.0
0.0
Managed Money
1,002
179
24
+823
8.4
1.5
6.9
Other Reportables
3,205
8,129
310
-4,924
26.9
68.2
-41.3
Total reportable
4,541
8,869
-
-4,328
38.1
74.4
-36.3
Nonreportable
7,377
3,049
-
+4,328
61.9
25.6
36.3
Managed Money: position against its own history
Weekly net, last 3 reports
Managed Money net, contracts
+823
Week change
+533
4-week change
-
13-week change
-
Net as % of open interest
6.9%
Percentile, 1 year (52 weeks)
-
Percentile, 3 years (156 weeks)
-
Z-score, 52 weeks
-
COT Index, 3 years
-
52-week high of net
+823
52-week low of net
+290
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
0
-
Swap Dealers
0
0
Managed Money
5
-
Other Reportables
6
8
Total reportable
15
13
Largest 4 traders, gross long
28.9%
Largest 4 traders, gross short
60.0%
Largest 8 traders, gross long
34.1%
Largest 8 traders, gross short
69.5%
Largest 4 traders, net long
28.9%
Largest 4 traders, net short
59.8%
Largest 8 traders, net long
33.9%
Largest 8 traders, net short
69.3%
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
0
227
-
-227
0.0
1.9
-1.9
Swap Dealers
0
0
0
+0
0.0
0.0
0.0
Managed Money
1,002
179
24
+823
8.4
1.5
6.9
Other Reportables
3,205
8,129
310
-4,924
26.9
68.2
-41.3
Total reportable
4,541
8,869
-
-4,328
38.1
74.4
-36.3
Nonreportable
7,377
3,049
-
+4,328
61.9
25.6
36.3
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
11,918
Old crop / nearest months, contracts
11,918
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 12 May 2026
11,918
-227
+0
+823
-4,924
-4,328
+4,328
Tue 10 Feb 2026
15,730
-189
+0
+290
-9,160
-9,059
+9,059
Tue 27 Jan 2026
18,012
-413
+0
+372
-13,156
-13,197
+13,197
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 12 May 2026, published Fri 15 May 2026.