Managed Money net -8,030 contracts in MILK, Class III, 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
MILK, Class III - CHICAGO MERCANTILE EXCHANGE
CFTC contract code
052641
Contract unit
Contracts Of 200,000 Pounds
Open interest, contracts
35,068
Change in open interest, contracts
+259
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
20,524
11,621
-
+8,903
58.5
33.1
25.4
Swap Dealers
7,022
2,295
541
+4,727
20.0
6.5
13.5
Managed Money
55
8,085
688
-8,030
0.2
23.1
-22.9
Other Reportables
2,238
5,703
1,762
-3,465
6.4
16.3
-9.9
Total reportable
32,830
30,695
-
+2,135
93.6
87.5
6.1
Nonreportable
2,238
4,373
-
-2,135
6.4
12.5
-6.1
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-8,030
Week change
+851
4-week change
-1,199
13-week change
-3,650
Net as % of open interest
-22.9%
Percentile, 1 year (52 weeks)
4
Percentile, 3 years (156 weeks)
1
Z-score, 52 weeks
-2.20
COT Index, 3 years
7
52-week high of net
-1,222
52-week low of net
-8,881
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
26
21
Swap Dealers
5
-
Managed Money
-
18
Other Reportables
10
18
Total reportable
51
67
Largest 4 traders, gross long
49.9%
Largest 4 traders, gross short
28.0%
Largest 8 traders, gross long
66.0%
Largest 8 traders, gross short
43.8%
Largest 4 traders, net long
49.8%
Largest 4 traders, net short
24.7%
Largest 8 traders, net long
65.1%
Largest 8 traders, net short
39.6%
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
25,344
16,864
-
+8,480
33.3
22.1
11.1
Swap Dealers
9,580
4,788
4,432
+4,792
12.6
6.3
6.3
Managed Money
56
6,421
3,723
-6,365
0.1
8.4
-8.4
Other Reportables
11,819
14,166
16,501
-2,347
15.5
18.6
-3.1
Total reportable
71,454
66,893
-
+4,561
93.8
87.9
6.0
Nonreportable
4,684
9,244
-
-4,560
6.2
12.1
-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
35,068
Old crop / nearest months, contracts
35,068
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
35,068
+8,903
+4,727
-8,030
-3,465
+2,135
-2,135
Tue 13 Oct 2026
34,809
+10,643
+4,919
-8,881
-4,224
+2,457
-2,457
Tue 6 Oct 2026
33,020
+9,537
+5,005
-7,839
-3,700
+3,003
-3,003
Tue 29 Sep 2026
36,020
+10,429
+4,593
-6,951
-5,036
+3,035
-3,035
Tue 22 Sep 2026
34,260
+8,351
+5,250
-6,831
-3,971
+2,799
-2,799
Tue 15 Sep 2026
32,897
+7,282
+5,387
-5,996
-3,884
+2,789
-2,789
Tue 8 Sep 2026
31,351
+6,083
+5,833
-5,423
-3,725
+2,768
-2,768
Tue 1 Sep 2026
34,567
+4,689
+7,832
-5,013
-5,034
+2,474
-2,474
Tue 25 Aug 2026
31,733
+3,307
+7,382
-5,105
-3,891
+1,693
-1,693
Tue 18 Aug 2026
30,277
+2,554
+7,888
-4,609
-4,356
+1,477
-1,477
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.