Managed Money net +2,270 contracts in PROPANE, 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
PROPANE - NEW YORK MERCANTILE EXCHANGE
CFTC contract code
06665O
Contract unit
Contracts Of 42,000 Gallons
Open interest, contracts
106,565
Change in open interest, contracts
+2,679
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
74,803
69,873
-
+4,930
70.2
65.6
4.6
Swap Dealers
5,766
11,549
7,080
-5,783
5.4
10.8
-5.4
Managed Money
4,100
1,830
2,139
+2,270
3.8
1.7
2.1
Other Reportables
3,630
5,076
8,288
-1,446
3.4
4.8
-1.4
Total reportable
105,806
105,835
-
-29
99.3
99.3
-0.0
Nonreportable
759
730
-
+29
0.7
0.7
0.0
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+2,270
Week change
+222
4-week change
+536
13-week change
+1,154
Net as % of open interest
2.1%
Percentile, 1 year (52 weeks)
83
Percentile, 3 years (156 weeks)
71
Z-score, 52 weeks
0.87
COT Index, 3 years
65
52-week high of net
+4,275
52-week low of net
-6,878
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
64
61
Swap Dealers
10
9
Managed Money
13
6
Other Reportables
8
12
Total reportable
120
104
Largest 4 traders, gross long
35.2%
Largest 4 traders, gross short
26.0%
Largest 8 traders, gross long
48.3%
Largest 8 traders, gross short
42.7%
Largest 4 traders, net long
29.0%
Largest 4 traders, net short
25.4%
Largest 8 traders, net long
36.2%
Largest 8 traders, net short
37.0%
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
74,803
69,873
-
+4,930
70.2
65.6
4.6
Swap Dealers
5,766
11,549
7,080
-5,783
5.4
10.8
-5.4
Managed Money
4,100
1,830
2,139
+2,270
3.8
1.7
2.1
Other Reportables
3,630
5,076
8,288
-1,446
3.4
4.8
-1.4
Total reportable
105,806
105,835
-
-29
99.3
99.3
-0.0
Nonreportable
759
730
-
+29
0.7
0.7
0.0
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
106,565
Old crop / nearest months, contracts
106,565
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
106,565
+4,930
-5,783
+2,270
-1,446
-29
+29
Tue 13 Oct 2026
103,886
+16,889
-4,426
+2,048
-14,512
-1
+1
Tue 6 Oct 2026
102,234
+15,816
-5,166
+2,256
-13,044
-138
+138
Tue 29 Sep 2026
112,054
+10,591
-3,906
+1,933
-8,911
-293
+293
Tue 22 Sep 2026
109,519
+9,859
-3,695
+1,734
-7,981
-83
+83
Tue 15 Sep 2026
108,605
+10,045
-3,595
+1,022
-7,514
-42
+42
Tue 8 Sep 2026
105,973
+9,581
-1,849
+107
-7,863
-24
+24
Tue 1 Sep 2026
116,159
+7,794
-56
-227
-7,612
-101
+101
Tue 25 Aug 2026
111,707
+7,054
+849
+6
-7,938
-29
+29
Tue 18 Aug 2026
108,401
+7,349
+1,463
-115
-8,621
+76
-76
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.