Managed Money net +7,347 contracts in SOCAL BORDER FIN 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
SOCAL BORDER FIN BASIS - ICE FUTURES ENERGY DIV
CFTC contract code
023393
Contract unit
Contracts Of 2,500 Mmbtu'S
Open interest, contracts
264,678
Change in open interest, contracts
+5,705
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
156,688
209,935
-
-53,247
59.2
79.3
-20.1
Swap Dealers
56,676
12,876
13,318
+43,800
21.4
4.9
16.5
Managed Money
15,991
8,644
2,018
+7,347
6.0
3.3
2.8
Other Reportables
1,266
2,491
3,381
-1,225
0.5
0.9
-0.5
Total reportable
249,338
252,663
-
-3,325
94.2
95.5
-1.3
Nonreportable
15,340
12,015
-
+3,325
5.8
4.5
1.3
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+7,347
Week change
-1,201
4-week change
+3,131
13-week change
-30,806
Net as % of open interest
2.8%
Percentile, 1 year (52 weeks)
10
Percentile, 3 years (156 weeks)
30
Z-score, 52 weeks
-1.75
COT Index, 3 years
9
52-week high of net
+102,444
52-week low of net
+3,244
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
27
24
Swap Dealers
4
-
Managed Money
4
4
Total reportable
42
38
Largest 4 traders, gross long
43.2%
Largest 4 traders, gross short
58.8%
Largest 8 traders, gross long
60.2%
Largest 8 traders, gross short
69.6%
Largest 4 traders, net long
42.6%
Largest 4 traders, net short
55.6%
Largest 8 traders, net long
57.1%
Largest 8 traders, net short
65.0%
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
156,688
209,935
-
-53,247
59.2
79.3
-20.1
Swap Dealers
56,676
12,876
13,318
+43,800
21.4
4.9
16.5
Managed Money
15,991
8,644
2,018
+7,347
6.0
3.3
2.8
Other Reportables
1,266
2,491
3,381
-1,225
0.5
0.9
-0.5
Total reportable
249,338
252,663
-
-3,325
94.2
95.5
-1.3
Nonreportable
15,340
12,015
-
+3,325
5.8
4.5
1.3
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, contracts
264,678
Old crop / nearest months, contracts
264,678
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
264,678
-53,247
+43,800
+7,347
-1,225
-3,325
+3,325
Tue 13 Oct 2026
258,973
-52,692
+43,067
+8,548
-2,234
-3,311
+3,311
Tue 6 Oct 2026
257,845
-53,241
+44,778
+9,133
-2,267
-1,597
+1,597
Tue 29 Sep 2026
272,726
-56,205
+45,472
+3,244
+1,564
-5,925
+5,925
Tue 22 Sep 2026
270,554
-54,844
+46,050
+4,216
+1,634
-2,944
+2,944
Tue 15 Sep 2026
269,844
-57,566
+47,024
+4,834
+2,020
-3,688
+3,688
Tue 8 Sep 2026
257,287
-58,348
+45,089
+5,638
+2,950
-4,671
+4,671
Tue 1 Sep 2026
280,597
-68,909
+49,418
+11,530
+2,834
-5,127
+5,127
Tue 25 Aug 2026
274,029
-66,270
+48,407
+12,364
+1,837
-3,662
+3,662
Tue 18 Aug 2026
272,144
-65,615
+43,188
+17,355
+1,807
-3,265
+3,265
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.