Managed Money net +8,333 contracts in STEEL-HRC, 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
STEEL-HRC - COMMODITY EXCHANGE INC.
CFTC contract code
192651
Contract unit
Contracts Of 20 Short Tons
Open interest, contracts
41,342
Change in open interest, contracts
+4,052
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
12,849
33,832
-
-20,983
31.1
81.8
-50.8
Swap Dealers
13,372
107
1,180
+13,265
32.3
0.3
32.1
Managed Money
9,081
748
693
+8,333
22.0
1.8
20.2
Other Reportables
3,090
3,971
634
-881
7.5
9.6
-2.1
Total reportable
40,899
41,165
-
-266
98.9
99.6
-0.6
Nonreportable
443
177
-
+266
1.1
0.4
0.6
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+8,333
Week change
+1,970
4-week change
+952
13-week change
+398
Net as % of open interest
20.2%
Percentile, 1 year (52 weeks)
46
Percentile, 3 years (156 weeks)
79
Z-score, 52 weeks
-0.19
COT Index, 3 years
76
52-week high of net
+12,610
52-week low of net
+3,420
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
22
17
Swap Dealers
5
-
Managed Money
16
-
Other Reportables
13
7
Total reportable
62
38
Largest 4 traders, gross long
38.8%
Largest 4 traders, gross short
75.2%
Largest 8 traders, gross long
60.2%
Largest 8 traders, gross short
87.3%
Largest 4 traders, net long
38.1%
Largest 4 traders, net short
75.0%
Largest 8 traders, net long
57.7%
Largest 8 traders, net short
81.8%
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
17,454
39,812
-
-22,358
33.9
77.3
-43.4
Swap Dealers
13,697
107
2,248
+13,590
26.6
0.2
26.4
Managed Money
10,573
631
2,117
+9,942
20.5
1.2
19.3
Other Reportables
3,090
4,530
1,893
-1,440
6.0
8.8
-2.8
Total reportable
51,072
51,338
-
-266
99.1
99.7
-0.5
Nonreportable
443
177
-
+266
0.9
0.3
0.5
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
41,342
Old crop / nearest months, contracts
41,342
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
41,342
-20,983
+13,265
+8,333
-881
-266
+266
Tue 13 Oct 2026
37,290
-21,846
+12,645
+6,363
+2,491
-347
+347
Tue 6 Oct 2026
37,302
-22,747
+13,371
+6,788
+2,226
-362
+362
Tue 29 Sep 2026
42,389
-25,370
+15,813
+7,578
+1,650
-329
+329
Tue 22 Sep 2026
42,807
-25,416
+15,873
+7,381
+1,326
-836
+836
Tue 15 Sep 2026
41,024
-24,535
+15,080
+7,733
+1,196
-526
+526
Tue 8 Sep 2026
38,831
-23,301
+13,985
+7,476
+1,406
-434
+434
Tue 1 Sep 2026
38,827
-22,009
+13,547
+6,987
+1,078
-397
+397
Tue 25 Aug 2026
44,354
-24,363
+15,611
+7,694
+731
-327
+327
Tue 18 Aug 2026
42,864
-24,287
+13,955
+7,912
+2,054
-366
+366
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.