Managed Money net +2,600 contracts in TGT ZONE 1 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
TGT ZONE 1 BASIS - ICE FUTURES ENERGY DIV
CFTC contract code
0233CM
Contract unit
2500 Mmbtus
Open interest, contracts
226,783
Change in open interest, contracts
+3,244
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
195,326
143,540
-
+51,786
86.1
63.3
22.8
Swap Dealers
13,016
61,570
10,649
-48,554
5.7
27.1
-21.4
Managed Money
2,600
0
0
+2,600
1.1
0.0
1.1
Other Reportables
0
0
0
+0
0.0
0.0
0.0
Total reportable
221,591
215,759
-
+5,832
97.7
95.1
2.6
Nonreportable
5,192
11,024
-
-5,832
2.3
4.9
-2.6
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+2,600
Week change
+950
4-week change
-1,376
13-week change
-1,560
Net as % of open interest
1.1%
Percentile, 1 year (52 weeks)
40
Percentile, 3 years (156 weeks)
73
Z-score, 52 weeks
-0.44
COT Index, 3 years
46
52-week high of net
+14,844
52-week low of net
-3,566
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
21
18
Swap Dealers
-
4
Managed Money
-
0
Other Reportables
0
0
Total reportable
26
24
Largest 4 traders, gross long
43.2%
Largest 4 traders, gross short
56.9%
Largest 8 traders, gross long
73.8%
Largest 8 traders, gross short
76.8%
Largest 4 traders, net long
42.9%
Largest 4 traders, net short
56.4%
Largest 8 traders, net long
69.3%
Largest 8 traders, net short
73.4%
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
195,326
143,540
-
+51,786
86.1
63.3
22.8
Swap Dealers
13,016
61,570
10,649
-48,554
5.7
27.1
-21.4
Managed Money
2,600
0
0
+2,600
1.1
0.0
1.1
Other Reportables
0
0
0
+0
0.0
0.0
0.0
Total reportable
221,591
215,759
-
+5,832
97.7
95.1
2.6
Nonreportable
5,192
11,024
-
-5,832
2.3
4.9
-2.6
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
226,783
Old crop / nearest months, contracts
226,783
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
226,783
+51,786
-48,554
+2,600
+0
+5,832
-5,832
Tue 13 Oct 2026
223,539
+54,854
-48,271
+1,650
+0
+8,233
-8,233
Tue 6 Oct 2026
221,610
+53,398
-48,063
+3,170
+0
+8,505
-8,505
Tue 29 Sep 2026
231,832
+58,255
-52,420
+2,953
+0
+8,788
-8,788
Tue 22 Sep 2026
230,776
+57,960
-53,274
+3,976
+0
+8,662
-8,662
Tue 15 Sep 2026
230,518
+54,669
-53,759
+4,344
+0
+5,254
-5,254
Tue 8 Sep 2026
226,050
+57,012
-52,029
+4,282
+0
+9,265
-9,265
Tue 1 Sep 2026
232,434
+61,314
-56,219
+6,229
+0
+11,324
-11,324
Tue 25 Aug 2026
229,453
+59,253
-54,282
+6,353
+0
+11,324
-11,324
Tue 18 Aug 2026
228,261
+60,484
-55,244
+5,933
+0
+11,173
-11,173
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.