Managed Money net +10,913 contracts in PANHANDLE BASIS, 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
PANHANDLE BASIS - ICE FUTURES ENERGY DIV
CFTC contract code
0233BL
Contract unit
2500 Mmbtu
Open interest, contracts
181,568
Change in open interest, contracts
+6,051
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
127,739
53,803
-
+73,936
70.4
29.6
40.7
Swap Dealers
9,065
103,593
10,680
-94,528
5.0
57.1
-52.1
Managed Money
10,913
0
611
+10,913
6.0
0.0
6.0
Other Reportables
0
677
1,526
-677
0.0
0.4
-0.4
Total reportable
160,534
170,890
-
-10,356
88.4
94.1
-5.7
Nonreportable
21,034
10,678
-
+10,356
11.6
5.9
5.7
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+10,913
Week change
+2,145
4-week change
-1,422
13-week change
-12,626
Net as % of open interest
6.0%
Percentile, 1 year (52 weeks)
37
Percentile, 3 years (156 weeks)
58
Z-score, 52 weeks
-0.64
COT Index, 3 years
51
52-week high of net
+24,312
52-week low of net
+6,854
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
18
19
Swap Dealers
-
8
Managed Money
4
0
Other Reportables
0
-
Total reportable
32
34
Largest 4 traders, gross long
41.5%
Largest 4 traders, gross short
47.2%
Largest 8 traders, gross long
55.5%
Largest 8 traders, gross short
69.7%
Largest 4 traders, net long
38.6%
Largest 4 traders, net short
44.5%
Largest 8 traders, net long
50.5%
Largest 8 traders, net short
60.4%
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
127,739
53,803
-
+73,936
70.4
29.6
40.7
Swap Dealers
9,065
103,593
10,680
-94,528
5.0
57.1
-52.1
Managed Money
10,913
0
611
+10,913
6.0
0.0
6.0
Other Reportables
0
677
1,526
-677
0.0
0.4
-0.4
Total reportable
160,534
170,890
-
-10,356
88.4
94.1
-5.7
Nonreportable
21,034
10,678
-
+10,356
11.6
5.9
5.7
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
181,568
Old crop / nearest months, contracts
181,568
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
181,568
+73,936
-94,528
+10,913
-677
-10,356
+10,356
Tue 13 Oct 2026
175,517
+74,832
-93,304
+8,768
-347
-10,051
+10,051
Tue 6 Oct 2026
175,169
+74,650
-92,826
+6,854
+71
-11,251
+11,251
Tue 29 Sep 2026
188,777
+78,008
-98,046
+13,044
+1,092
-5,902
+5,902
Tue 22 Sep 2026
190,531
+79,927
-97,841
+12,335
+1,442
-4,137
+4,137
Tue 15 Sep 2026
192,383
+79,396
-97,037
+12,632
+1,417
-3,592
+3,592
Tue 8 Sep 2026
190,317
+76,406
-94,465
+12,481
+1,101
-4,477
+4,477
Tue 1 Sep 2026
203,891
+75,982
-99,012
+16,006
+1,185
-5,839
+5,839
Tue 25 Aug 2026
202,469
+75,854
-100,100
+17,514
+1,185
-5,547
+5,547
Tue 18 Aug 2026
198,567
+70,556
-99,381
+19,254
+1,767
-7,804
+7,804
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.