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 15, 2026, published Friday Sep 18, 2026 · 3 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
7,638
Leveraged funds net (contracts)
-293,143
Weekly change (contracts)
+47,961
COT index · 0–100 · 3y68

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

Disagreement index · 0–100 · 3y44

Leveraged funds vs Asset managers

Convergence — healthy uptrend

Nasdaq 100 / QQQ

E-mini Nasdaq-100 (CME)
Last close · QQQ ETF
716.92
Leveraged funds net (contracts)
-6,387
Weekly change (contracts)
+25,485
COT index · 0–100 · 3y78

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

Disagreement index · 0–100 · 3y65

Leveraged funds vs Asset managers

Convergence — healthy uptrend

Dow Jones 30

DJIA x $5 (CBOT)
Last close · Dow Jones Industrial Average
51,778
Leveraged funds net (contracts)
-2,437
Weekly change (contracts)
+1,822
COT index · 0–100 · 3y50

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

Disagreement index · 0–100 · 3y53

Leveraged funds vs Asset managers

No signal

Russell 2000

E-mini Russell 2000 (CME)
Last close · Russell 2000 Index
2,875
Leveraged funds net (contracts)
-97,203
Weekly change (contracts)
+12,944
COT index · 0–100 · 3y15

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

Disagreement index · 0–100 · 3y45

Leveraged funds vs Asset managers

Convergence — healthy downtrend

VIX

VIX futures (CFE)
Last close · CBOE Volatility Index
15.44
Leveraged funds net (contracts)
-16,504
Weekly change (contracts)
+6,766
COT index · 0–100 · 3y77

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

Disagreement index · 0–100 · 3y82

Leveraged funds vs Asset managers

Convergence — healthy downtrend

Nikkei 225

Nikkei yen-denominated (CME)
Last close · Nikkei 225 Index
64,136
Leveraged funds net (contracts)
969
Weekly change (contracts)
-191
COT index · 0–100 · 3y34

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

Disagreement index · 0–100 · 3y45

Leveraged funds vs Asset managers

No signal

Rates

5

2-Year Treasury

UST 2Y note (CBOT)
Last close · 2Y note futures (front month)
102.18
Leveraged funds net (contracts)
-1,294,575
Weekly change (contracts)
-4,096
COT index · 0–100 · 3y96

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

Disagreement index · 0–100 · 3y76

Leveraged funds vs Asset managers

No signal

5-Year Treasury

UST 5Y note (CBOT)
Last close · 5Y note futures (front month)
104.60
Leveraged funds net (contracts)
-1,986,928
Weekly change (contracts)
+79,361
COT index · 0–100 · 3y80

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

Disagreement index · 0–100 · 3y63

Leveraged funds vs Asset managers

No signal

10-Year Treasury

UST 10Y note (CBOT)
Last close · 10Y note futures (front month)
106.41
Leveraged funds net (contracts)
-1,868,126
Weekly change (contracts)
+70,628
COT index · 0–100 · 3y45

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

Disagreement index · 0–100 · 3y18

Leveraged funds vs Asset managers

Bullish divergence

Ultra 10-Year

Ultra UST 10Y (CBOT)
Last close · Ultra 10Y futures (front month)
108.17
Leveraged funds net (contracts)
-399,246
Weekly change (contracts)
+27,114
COT index · 0–100 · 3y17

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

Disagreement index · 0–100 · 3y6

Leveraged funds vs Asset managers

No signal

30-Year Treasury Bond

UST bond (CBOT)
Last close · T-bond futures (front month)
108.09
Leveraged funds net (contracts)
-211,735
Weekly change (contracts)
+65,230
COT index · 0–100 · 3y91

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

Disagreement index · 0–100 · 3y83

Leveraged funds vs Asset managers

No signal

Currencies

8

Euro FX

Euro FX (CME)
Last close · Euro FX futures (front month)
1.1489
Leveraged funds net (contracts)
-28,156
Weekly change (contracts)
+5,129
COT index · 0–100 · 3y31

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

Disagreement index · 0–100 · 3y51

Leveraged funds vs Asset managers

No signal

Japanese Yen

Japanese yen (CME)
Last close · Yen futures (front month)
0.006423
Leveraged funds net (contracts)
23,170
Weekly change (contracts)
+72,268
COT index · 0–100 · 3y90

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

Disagreement index · 0–100 · 3y69

Leveraged funds vs Asset managers

Convergence — healthy uptrend

British Pound

British pound (CME)
Last close · Sterling futures (front month)
1.3356
Leveraged funds net (contracts)
18,878
Weekly change (contracts)
-15,749
COT index · 0–100 · 3y32

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

Disagreement index · 0–100 · 3y53

Leveraged funds vs Asset managers

No signal

Swiss Franc

Swiss franc (CME)
Last close · Franc futures (front month)
1.2246
Leveraged funds net (contracts)
-14,964
Weekly change (contracts)
-1,524
COT index · 0–100 · 3y28

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

Disagreement index · 0–100 · 3y36

Leveraged funds vs Asset managers

No signal

Canadian Dollar

Canadian dollar (CME)
Last close · Canadian dollar futures (front month)
0.7158
Leveraged funds net (contracts)
-39,022
Weekly change (contracts)
+16,426
COT index · 0–100 · 3y71

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

Disagreement index · 0–100 · 3y42

Leveraged funds vs Asset managers

No signal

Australian Dollar

Australian dollar (CME)
Last close · Australian dollar futures (front month)
0.7106
Leveraged funds net (contracts)
61,135
Weekly change (contracts)
+11,356
COT index · 0–100 · 3y92

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

Disagreement index · 0–100 · 3y91

Leveraged funds vs Asset managers

Convergence — healthy uptrend

Mexican Peso

Mexican peso (CME)
Last close · Peso futures (front month)
0.05808
Leveraged funds net (contracts)
90,008
Weekly change (contracts)
+7,907
COT index · 0–100 · 3y100

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

Disagreement index · 0–100 · 3y97

Leveraged funds vs Asset managers

Convergence — healthy uptrend

US Dollar Index

USD Index (ICE US)
Last close · US Dollar Index
100.22
Leveraged funds net (contracts)
-4,909
Weekly change (contracts)
-11,095
COT index · 0–100 · 3y39

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

Disagreement index · 0–100 · 3y28

Leveraged funds vs Asset managers

No signal

Metals

4

Energy

3

Ags & softs

7

Corn

Corn (CBOT)
Last close · Corn futures (front month)
530.50
Managed money net (contracts)
414,460
Weekly change (contracts)
+1
COT index · 0–100 · 3y100

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

Disagreement index · 0–100 · 3y99

Managed money vs Producers / merchants

Convergence — healthy uptrend

Wheat (Chicago SRW)

Wheat SRW (CBOT)
Last close · Wheat futures (front month)
727.00
Managed money net (contracts)
-3,674
Weekly change (contracts)
-8,547
COT index · 0–100 · 3y87

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

Disagreement index · 0–100 · 3y83

Managed money vs Producers / merchants

Convergence — healthy uptrend

Soybeans

Soybeans (CBOT)
Last close · Soybean futures (front month)
1,320
Managed money net (contracts)
241,501
Weekly change (contracts)
-15,757
COT index · 0–100 · 3y96

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

Disagreement index · 0–100 · 3y95

Managed money vs Producers / merchants

Convergence — healthy uptrend

Sugar #11

Sugar No. 11 (ICE US)
Last close · Sugar #11 futures (front month)
17.42
Managed money net (contracts)
225,430
Weekly change (contracts)
-13,254
COT index · 0–100 · 3y97

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

Disagreement index · 0–100 · 3y100

Managed money vs Producers / merchants

Convergence — healthy uptrend

Coffee

Coffee C (ICE US)
Last close · Coffee C futures (front month)
290.55
Managed money net (contracts)
20,661
Weekly change (contracts)
-1,448
COT index · 0–100 · 3y49

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

Disagreement index · 0–100 · 3y35

Managed money vs Producers / merchants

Convergence — healthy downtrend

Cocoa

Cocoa (ICE US)
Last close · Cocoa futures (front month)
5,772
Managed money net (contracts)
-9,539
Weekly change (contracts)
-782
COT index · 0–100 · 3y13

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

Disagreement index · 0–100 · 3y16

Managed money vs Producers / merchants

No signal

Live Cattle

Live cattle (CME)
Last close · Live cattle futures (front month)
215.65
Managed money net (contracts)
47,696
Weekly change (contracts)
-1,209
COT index · 0–100 · 3y24

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

Disagreement index · 0–100 · 3y22

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.