Kilambi News
Wednesday, October 28, 2026

NWP SUMAS BASIS COT Report, Disaggregated

Wednesday, October 28, 2026

Managed Money net -93 contracts in NWP SUMAS BASIS, positions as of Tue 1 Sep 2026.

Data as of Positions as of Tue 1 Sep 2026; published Fri 4 Sep 2026

Positions as of Tue 1 Sep 2026 - published Fri 4 Sep 2026 (CFTC, Friday release)

Report familyDisaggregated
BasisFutures only
MarketNWP SUMAS BASIS - ICE FUTURES ENERGY DIV
CFTC contract code0233BC
Contract unit2500 Mmbtu
Open interest, contracts72,129
Change in open interest, contracts+547

Latest report, futures only

CategoryLongShortSpreadingNetLong % of OIShort % of OINet % of OI
Producer/Merchant/Processor/User29,42852,593--23,16540.872.9-32.1
Swap Dealers34,4432,4011,286+32,04247.83.344.4
Managed Money2103030-930.30.4-0.1
Other Reportables83900+8391.20.01.2
Total reportable66,20656,583-+9,62391.878.413.3
Nonreportable5,92315,546--9,6238.221.6-13.3

Managed Money: position against its own history

Weekly net, last 156 reports

Managed Money net, contracts-93
Week change+0
4-week change+0
13-week change+768
Net as % of open interest-0.1%
Percentile, 1 year (52 weeks)71
Percentile, 3 years (156 weeks)38
Z-score, 52 weeks0.60
COT Index, 3 years82
52-week high of net+35
52-week low of net-8,438

Traders and concentration

CategoryTraders longTraders short
Producer/Merchant/Processor/User811
Swap Dealers6-
Other Reportables-0
Total reportable1615
Largest 4 traders, gross long62.1%
Largest 4 traders, gross short58.1%
Largest 8 traders, gross long80.1%
Largest 8 traders, gross short72.6%
Largest 4 traders, net long61.7%
Largest 4 traders, net short54.4%
Largest 8 traders, net long75.4%
Largest 8 traders, net short63.9%

Concentration is the share of open interest held by the largest traders, as published in the report.

Latest report, futures and options combined

CategoryLongShortSpreadingNetLong % of OIShort % of OINet % of OI
Producer/Merchant/Processor/User29,42852,593--23,16540.872.9-32.1
Swap Dealers34,4432,4011,286+32,04247.83.344.4
Managed Money2103030-930.30.4-0.1
Other Reportables83900+8391.20.01.2
Total reportable66,20656,583-+9,62391.878.413.3
Nonreportable5,92315,546--9,6238.221.6-13.3

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, contracts72,129
Old crop / nearest months, contracts72,129
Other months, contracts0

Recent reports, net by category

Report dateOpen interestProducer/Merchant/Processor/UserSwap DealersManaged MoneyOther ReportablesTotal reportableNonreportable
Tue 1 Sep 202672,129-23,165+32,042-93+839+9,623-9,623
Tue 25 Aug 202671,582-22,860+31,739-93+779+9,565-9,565
Tue 18 Aug 202670,271-22,948+31,920-93+667+9,546-9,546
Tue 11 Aug 202668,305-22,796+31,708-93+667+9,486-9,486
Tue 4 Aug 202671,963-22,512+32,161-93+0+9,556-9,556
Tue 28 Jul 202670,308-20,865+30,023-93+0+9,065-9,065
Tue 21 Jul 202669,185-19,523+29,538-93+0+9,922-9,922
Tue 14 Jul 202667,627-18,974+28,837-93+0+9,770-9,770
Tue 30 Jun 202668,444-20,648+31,441-93+0+10,700-10,700
Tue 23 Jun 202668,131-20,648+31,441-93+0+10,700-10,700

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 1 Sep 2026, published Fri 4 Sep 2026.