SONAT - TIER 1 POOL (ZONE 0) COT Report, Disaggregated
Wednesday, October 28, 2026
Managed Money net +4,233 contracts in SONAT - TIER 1 POOL (ZONE 0), 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
SONAT - TIER 1 POOL (ZONE 0) - ICE FUTURES ENERGY DIV
CFTC contract code
0233C1
Contract unit
2500 Mmbtu
Open interest, contracts
76,107
Change in open interest, contracts
+407
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
52,910
59,557
-
-6,647
69.5
78.3
-8.7
Swap Dealers
2,359
3,279
4,661
-920
3.1
4.3
-1.2
Managed Money
4,233
0
459
+4,233
5.6
0.0
5.6
Other Reportables
0
0
0
+0
0.0
0.0
0.0
Total reportable
64,622
67,956
-
-3,334
84.9
89.3
-4.4
Nonreportable
11,485
8,151
-
+3,334
15.1
10.7
4.4
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+4,233
Week change
-479
4-week change
-1,470
13-week change
-128
Net as % of open interest
5.6%
Percentile, 1 year (52 weeks)
48
Percentile, 3 years (156 weeks)
64
Z-score, 52 weeks
-0.23
COT Index, 3 years
38
52-week high of net
+9,071
52-week low of net
+1,168
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
14
14
Managed Money
-
0
Other Reportables
0
0
Total reportable
19
18
Largest 4 traders, gross long
52.8%
Largest 4 traders, gross short
55.7%
Largest 8 traders, gross long
72.5%
Largest 8 traders, gross short
73.0%
Largest 4 traders, net long
44.1%
Largest 4 traders, net short
49.2%
Largest 8 traders, net long
59.8%
Largest 8 traders, net short
62.9%
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
52,910
59,557
-
-6,647
69.5
78.3
-8.7
Swap Dealers
2,359
3,279
4,661
-920
3.1
4.3
-1.2
Managed Money
4,233
0
459
+4,233
5.6
0.0
5.6
Other Reportables
0
0
0
+0
0.0
0.0
0.0
Total reportable
64,622
67,956
-
-3,334
84.9
89.3
-4.4
Nonreportable
11,485
8,151
-
+3,334
15.1
10.7
4.4
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
76,107
Old crop / nearest months, contracts
76,107
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
76,107
-6,647
-920
+4,233
+0
-3,334
+3,334
Tue 13 Oct 2026
75,700
-6,789
-591
+4,712
+0
-2,668
+2,668
Tue 6 Oct 2026
74,174
-5,975
-696
+4,618
+0
-2,053
+2,053
Tue 29 Sep 2026
82,904
-6,450
-3,398
+5,703
+0
-4,145
+4,145
Tue 22 Sep 2026
82,242
-6,362
-3,336
+5,703
+0
-3,995
+3,995
Tue 15 Sep 2026
77,210
-3,362
-4,220
+3,110
+0
-4,472
+4,472
Tue 8 Sep 2026
76,628
-4,288
-4,190
+3,110
+0
-5,368
+5,368
Tue 1 Sep 2026
86,005
-4,494
-4,441
+3,710
+1,035
-4,190
+4,190
Tue 25 Aug 2026
85,156
-5,270
-5,395
+3,710
+1,004
-5,951
+5,951
Tue 18 Aug 2026
85,072
-5,424
-6,161
+7,372
+1,004
-3,209
+3,209
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.