LiveSource · CFTC Commitments of Traders

CFTC Commitments of Traders

Who is actually positioned, week by week

Net positions plotted underneath price for 35 markets across equity indices, rates, currencies, metals, energy, ags and crypto — each one classified as a bullish or bearish divergence, a healthy convergence, or no signal.

New to this? Read the plain-English guide — what the report is, who the trader groups are, and how to read every number here.

Latest report: positions as of Tuesday Sep 29, 2026, published Friday Oct 2, 2026 · 12 active divergences

How to read these cards

A snapshot of who is positioned which way in this market right now.

COT index (3y)
Where this group's net position sits inside its own past 3 years, on a 0–100 scale. Above 80 is about as long as they ever get; below 20 is about as short. A ★ next to a reading means that market has less than 3 years of stored history, so it is normalized over the weeks available.
Disagreement index (3y)
How far apart the two named trader groups are, also 0–100. Readings near 0 or 100 mean the two sides disagree more sharply than usual.
Signal chip
Divergence means price and positioning disagree (a warning). Convergence means they agree (a healthy trend). No signal means nothing stands out.

Equity indices

6

S&P 500

E-mini S&P 500 (CME)
Last close · S&P 500 Index
7,666
Leveraged funds net (contracts)
-372,489
Weekly change (contracts)
+3,085
COT index · 0–100 · 3y44

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y32

Leveraged funds vs Asset managers

No signal

Nasdaq 100 / QQQ

E-mini Nasdaq-100 (CME)
Last close · QQQ ETF
742.03
Leveraged funds net (contracts)
-24,723
Weekly change (contracts)
+5,960
COT index · 0–100 · 3y60

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y47

Leveraged funds vs Asset managers

Convergence — healthy uptrend

Dow Jones 30

DJIA x $5 (CBOT)
Last close · Dow Jones Industrial Average
50,927
Leveraged funds net (contracts)
-5,456
Weekly change (contracts)
-1,347
COT index · 0–100 · 3y44

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y35

Leveraged funds vs Asset managers

Convergence — healthy downtrend

Russell 2000

E-mini Russell 2000 (CME)
Last close · Russell 2000 Index
2,807
Leveraged funds net (contracts)
-114,554
Weekly change (contracts)
-6,572
COT index · 0–100 · 3y2

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y33

Leveraged funds vs Asset managers

Convergence — healthy downtrend

VIX

VIX futures (CFE)
Last close · CBOE Volatility Index
16.39
Leveraged funds net (contracts)
-7,467
Weekly change (contracts)
+7,548
COT index · 0–100 · 3y85

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y93

Leveraged funds vs Asset managers

Bearish divergence

Nikkei 225

Nikkei yen-denominated (CME)
Last close · Nikkei 225 Index
68,957
Leveraged funds net (contracts)
-313
Weekly change (contracts)
-1,111
COT index · 0–100 · 3y27

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y36

Leveraged funds vs Asset managers

Bearish divergence

Rates

5

2-Year Treasury

UST 2Y note (CBOT)
Last close · 2Y note futures (front month)
101.84
Leveraged funds net (contracts)
-1,165,980
Weekly change (contracts)
+184,760
COT index · 0–100 · 3y100

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y85

Leveraged funds vs Asset managers

No signal

5-Year Treasury

UST 5Y note (CBOT)
Last close · 5Y note futures (front month)
103.66
Leveraged funds net (contracts)
-1,985,787
Weekly change (contracts)
-127,725
COT index · 0–100 · 3y84

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y63

Leveraged funds vs Asset managers

Bullish divergence

10-Year Treasury

UST 10Y note (CBOT)
Last close · 10Y note futures (front month)
104.66
Leveraged funds net (contracts)
-2,036,432
Weekly change (contracts)
-109,485
COT index · 0–100 · 3y34

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y7

Leveraged funds vs Asset managers

Bullish divergence

Ultra 10-Year

Ultra UST 10Y (CBOT)
Last close · Ultra 10Y futures (front month)
105.45
Leveraged funds net (contracts)
-328,471
Weekly change (contracts)
+67,207
COT index · 0–100 · 3y33

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y18

Leveraged funds vs Asset managers

Bullish divergence

30-Year Treasury Bond

UST bond (CBOT)
Last close · T-bond futures (front month)
103.06
Leveraged funds net (contracts)
-251,395
Weekly change (contracts)
-89,343
COT index · 0–100 · 3y79

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y80

Leveraged funds vs Asset managers

Bullish divergence

Currencies

8

Euro FX

Euro FX (CME)
Last close · Euro FX futures (front month)
1.1242
Leveraged funds net (contracts)
-39,265
Weekly change (contracts)
-12,571
COT index · 0–100 · 3y21

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y61

Leveraged funds vs Asset managers

Bullish divergence

Japanese Yen

Japanese yen (CME)
Last close · Yen futures (front month)
0.006333
Leveraged funds net (contracts)
-14,161
Weekly change (contracts)
-21,584
COT index · 0–100 · 3y66

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y51

Leveraged funds vs Asset managers

No signal

British Pound

British pound (CME)
Last close · Sterling futures (front month)
1.3191
Leveraged funds net (contracts)
4,606
Weekly change (contracts)
-8,633
COT index · 0–100 · 3y18

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y69

Leveraged funds vs Asset managers

Convergence — healthy downtrend

Swiss Franc

Swiss franc (CME)
Last close · Franc futures (front month)
1.2125
Leveraged funds net (contracts)
-13,995
Weekly change (contracts)
+2,462
COT index · 0–100 · 3y33

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y39

Leveraged funds vs Asset managers

Convergence — healthy downtrend

Canadian Dollar

Canadian dollar (CME)
Last close · Canadian dollar futures (front month)
0.7031
Leveraged funds net (contracts)
-69,644
Weekly change (contracts)
-22,783
COT index · 0–100 · 3y37

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y35

Leveraged funds vs Asset managers

Bullish divergence

Australian Dollar

Australian dollar (CME)
Last close · Australian dollar futures (front month)
0.6923
Leveraged funds net (contracts)
60,592
Weekly change (contracts)
+1,866
COT index · 0–100 · 3y92

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y100

Leveraged funds vs Asset managers

Bullish divergence

Mexican Peso

Mexican peso (CME)
Last close · Peso futures (front month)
0.05438
Leveraged funds net (contracts)
80,587
Weekly change (contracts)
+1,399
COT index · 0–100 · 3y91

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y100

Leveraged funds vs Asset managers

Bullish divergence

US Dollar Index

USD Index (ICE US)
Last close · US Dollar Index
102.10
Leveraged funds net (contracts)
361
Weekly change (contracts)
+4,856
COT index · 0–100 · 3y49

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y32

Leveraged funds vs Asset managers

Bearish divergence

Metals

4

Energy

3

Ags & softs

7

Corn

Corn (CBOT)
Last close · Corn futures (front month)
502.25
Managed money net (contracts)
381,220
Weekly change (contracts)
-22,877
COT index · 0–100 · 3y96

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y94

Managed money vs Producers / merchants

Convergence — healthy uptrend

Wheat (Chicago SRW)

Wheat SRW (CBOT)
Last close · Wheat futures (front month)
682.75
Managed money net (contracts)
-22,109
Weekly change (contracts)
-10,093
COT index · 0–100 · 3y73

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y71

Managed money vs Producers / merchants

No signal

Soybeans

Soybeans (CBOT)
Last close · Soybean futures (front month)
1,284
Managed money net (contracts)
246,558
Weekly change (contracts)
-18,601
COT index · 0–100 · 3y96

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y93

Managed money vs Producers / merchants

Convergence — healthy uptrend

Sugar #11

Sugar No. 11 (ICE US)
Last close · Sugar #11 futures (front month)
18.94
Managed money net (contracts)
218,336
Weekly change (contracts)
+1,707
COT index · 0–100 · 3y96

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y99

Managed money vs Producers / merchants

Convergence — healthy uptrend

Coffee

Coffee C (ICE US)
Last close · Coffee C futures (front month)
288.25
Managed money net (contracts)
16,206
Weekly change (contracts)
+400
COT index · 0–100 · 3y45

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y30

Managed money vs Producers / merchants

Convergence — healthy downtrend

Cocoa

Cocoa (ICE US)
Last close · Cocoa futures (front month)
5,381
Managed money net (contracts)
-16,022
Weekly change (contracts)
+384
COT index · 0–100 · 3y7

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y6

Managed money vs Producers / merchants

Convergence — healthy downtrend

Live Cattle

Live cattle (CME)
Last close · Live cattle futures (front month)
219.30
Managed money net (contracts)
53,193
Weekly change (contracts)
+4,103
COT index · 0–100 · 3y28

0 = most bearish in the past 3 years, 100 = most bullish

Disagreement index · 0–100 · 3y29

Managed money vs Producers / merchants

Convergence — healthy downtrend

Crypto

2

Positioning data is reported as of Tuesday and released the following Friday, so it always lags price. Position figures are futures contracts; index readings are unitless 0–100 scores. Nothing here is investment advice.