Managed Money net -741 contracts in TCO 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
TCO Basis - ICE FUTURES ENERGY DIV
CFTC contract code
02339W
Contract unit
2500 Mm Btu
Open interest, contracts
225,102
Change in open interest, contracts
+2,733
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
192,361
31,567
-
+160,794
85.5
14.0
71.4
Swap Dealers
11,796
174,771
10,004
-162,975
5.2
77.6
-72.4
Managed Money
570
1,311
607
-741
0.3
0.6
-0.3
Other Reportables
3,197
730
0
+2,467
1.4
0.3
1.1
Total reportable
218,535
218,990
-
-455
97.1
97.3
-0.2
Nonreportable
6,567
6,112
-
+455
2.9
2.7
0.2
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-741
Week change
+270
4-week change
+1,527
13-week change
+583
Net as % of open interest
-0.3%
Percentile, 1 year (52 weeks)
92
Percentile, 3 years (156 weeks)
52
Z-score, 52 weeks
1.19
COT Index, 3 years
53
52-week high of net
+483
52-week low of net
-5,202
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
18
12
Swap Dealers
-
12
Total reportable
27
29
Largest 4 traders, gross long
52.1%
Largest 4 traders, gross short
53.8%
Largest 8 traders, gross long
71.9%
Largest 8 traders, gross short
76.7%
Largest 4 traders, net long
52.1%
Largest 4 traders, net short
53.1%
Largest 8 traders, net long
69.4%
Largest 8 traders, net short
75.6%
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
192,361
31,567
-
+160,794
85.5
14.0
71.4
Swap Dealers
11,796
174,771
10,004
-162,975
5.2
77.6
-72.4
Managed Money
570
1,311
607
-741
0.3
0.6
-0.3
Other Reportables
3,197
730
0
+2,467
1.4
0.3
1.1
Total reportable
218,535
218,990
-
-455
97.1
97.3
-0.2
Nonreportable
6,567
6,112
-
+455
2.9
2.7
0.2
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
225,102
Old crop / nearest months, contracts
225,102
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
225,102
+160,794
-162,975
-741
+2,467
-455
+455
Tue 13 Oct 2026
222,369
+161,645
-162,675
-1,011
+2,798
+757
-757
Tue 6 Oct 2026
215,791
+158,842
-154,896
-1,011
+689
+3,624
-3,624
Tue 29 Sep 2026
227,125
+166,039
-161,998
-2,156
+469
+2,354
-2,354
Tue 22 Sep 2026
227,437
+164,917
-160,286
-2,268
+937
+3,300
-3,300
Tue 15 Sep 2026
226,448
+162,884
-159,406
-2,204
+0
+1,274
-1,274
Tue 8 Sep 2026
221,652
+159,169
-154,546
-1,946
+0
+2,677
-2,677
Tue 1 Sep 2026
231,799
+164,711
-157,985
-1,848
+0
+4,878
-4,878
Tue 25 Aug 2026
229,711
+163,502
-157,666
-935
+0
+4,901
-4,901
Tue 18 Aug 2026
225,603
+161,814
-156,887
+31
+0
+4,958
-4,958
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.