MT BELV NORM BUTANE OPIS COT Report, Disaggregated
Wednesday, October 28, 2026
Managed Money net +2,754 contracts in MT BELV NORM BUTANE OPIS, 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
MT BELV NORM BUTANE OPIS - NEW YORK MERCANTILE EXCHANGE
CFTC contract code
06665Q
Contract unit
Contracts Of 42,000 Gallons
Open interest, contracts
44,978
Change in open interest, contracts
-189
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
30,264
27,268
-
+2,996
67.3
60.6
6.7
Swap Dealers
1,873
7,404
3,557
-5,531
4.2
16.5
-12.3
Managed Money
2,874
120
711
+2,754
6.4
0.3
6.1
Other Reportables
2,122
1,985
2,858
+137
4.7
4.4
0.3
Total reportable
44,259
43,903
-
+356
98.4
97.6
0.8
Nonreportable
719
1,075
-
-356
1.6
2.4
-0.8
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+2,754
Week change
+439
4-week change
+923
13-week change
+1,576
Net as % of open interest
6.1%
Percentile, 1 year (52 weeks)
100
Percentile, 3 years (156 weeks)
50
Z-score, 52 weeks
1.62
COT Index, 3 years
57
52-week high of net
+2,754
52-week low of net
-1,208
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
48
46
Swap Dealers
4
9
Managed Money
12
-
Other Reportables
8
8
Total reportable
87
75
Largest 4 traders, gross long
25.4%
Largest 4 traders, gross short
19.4%
Largest 8 traders, gross long
43.0%
Largest 8 traders, gross short
35.1%
Largest 4 traders, net long
19.1%
Largest 4 traders, net short
17.7%
Largest 8 traders, net long
29.2%
Largest 8 traders, net short
29.0%
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
30,264
27,268
-
+2,996
67.3
60.6
6.7
Swap Dealers
1,873
7,404
3,557
-5,531
4.2
16.5
-12.3
Managed Money
2,874
120
711
+2,754
6.4
0.3
6.1
Other Reportables
2,122
1,985
2,858
+137
4.7
4.4
0.3
Total reportable
44,259
43,903
-
+356
98.4
97.6
0.8
Nonreportable
719
1,075
-
-356
1.6
2.4
-0.8
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
44,978
Old crop / nearest months, contracts
44,978
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
44,978
+2,996
-5,531
+2,754
+137
+356
-356
Tue 13 Oct 2026
45,167
+3,883
-5,820
+2,315
-12
+366
-366
Tue 6 Oct 2026
44,638
+3,604
-5,622
+2,226
+170
+378
-378
Tue 29 Sep 2026
49,976
+5,130
-5,911
+1,826
-666
+379
-379
Tue 22 Sep 2026
49,093
+5,648
-6,183
+1,831
-885
+411
-411
Tue 15 Sep 2026
46,943
+5,771
-6,421
+2,041
-952
+439
-439
Tue 8 Sep 2026
45,447
+5,173
-5,675
+1,841
-924
+415
-415
Tue 1 Sep 2026
50,461
+5,283
-5,380
+1,723
-1,265
+361
-361
Tue 25 Aug 2026
49,961
+4,877
-4,772
+1,728
-1,487
+346
-346
Tue 18 Aug 2026
46,802
+3,959
-3,499
+1,484
-1,541
+403
-403
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.