What is the Coffee COT report?

It is the weekly CFTC Commitments of Traders breakdown for Coffee C (ICE US): how many long and short futures contracts each group of large traders held as of the prior Tuesday, published the following Friday.

How do you read Coffee net positioning?

Net position is long contracts minus short contracts for one trader group. A positive net means the group leans bullish; the weekly change matters more than the raw level.

What does the Coffee COT index mean?

The COT index rescales a group's net position 0-100 against its own high and low over the chosen lookback. Above 80 is close to the most bullish that group has been; below 20 is close to the most bearish.

What is a bearish divergence in Coffee?

A bearish divergence is Coffee C futures (front month) making new highs while the tracked trader group reduces its net long position — the rally is losing the sponsorship of the money that usually drives it.

Coffee C (ICE US)

Coffee positioning

Price series: Coffee C futures (front month) · positions as of Tuesday Jul 28, 2026, published Friday Jul 31, 2026

Last weekly close · Coffee C futures (front month)

332.10

Managed money net position (contracts)

33,499

Convergence — healthy uptrendJun 2, 2026 → Jul 28, 2026 · 8-week windowconfirmed by 2 categories

Price and positioning are rising together: the trend is well supported.

price +34.7% · managed money net position +13,875 (contracts, over 8 weekly reports)

Price vs positioning (contracts)

Price on top, and what the big traders were holding underneath it.

Price — Coffee C futures (front month)

Net position (contracts) — Net position = long contracts minus short contracts. Above the zero line = net long.

Signal classification tracks bullish divergencebearish divergenceconvergence (healthy trend)

COT Index

0–100 · vs last 3 years

How extreme today's positioning is compared with this group's own history.

Each group's current net position, rescaled 0–100 against its own high and low over the selected lookback. 0 = most bearish it has been in that window, 100 = most bullish. Unitless by design, so markets of very different sizes can be compared.

Non-commercial (large specs)51 · neutral

Middle of its own historical range — nothing stretched.

Commercial (hedgers)50 · neutral

Middle of its own historical range — nothing stretched.

Managed money63 · neutral

Leaning long, but not yet at an extreme.

Producers / merchants68 · neutral

Leaning long, but not yet at an extreme.

Swap dealers49 · neutral

Middle of its own historical range — nothing stretched.

0 · most bearish50 · mid-range100 · most bullish

COT Index = ((Current − Min) / (Max − Min)) × 100, over the last 3 years

Managed money — COT index history (0–100, rolling 3 years window)

Gap & Gap Index

contracts · index 0–100

How far apart two trader groups are right now.

Gap = group A's net position minus group B's, measured in contracts. The Gap Index rescales that difference 0–100 against its own last 3 years: 0 = the two groups as close together as they get, 100 = as far apart as they get.

Gap Index · vs last 3 years

The gap sits in its normal historical range — nothing stretched.

Current gap (contracts)

+63,634 contracts

Left axis: gap in contracts (positive = Managed money is more net long than Producers / merchants). Right axis: gap index, 0–100. Gap tracks Managed money − Producers / merchants.

Latest week by category

What each trader group was holding in the most recent report.

Positions as of Tuesday Jul 28, 2026, published Friday Jul 31, 2026, compared with the prior weekly report. Positive net = net long; negative net = net short. COT index is measured over the last 3 years.

Category	Long (contracts)	Short (contracts)	Net (contracts)	Weekly change (contracts)	COT index (0–100, 3y)
Non-commercial (large specs)	52,716	25,308	27,408	+153	51
Commercial (hedgers)	61,522	90,337	-28,815	+274	50
Managed money	42,402	8,903	33,499	+280	63
Producers / merchants	32,602	62,737	-30,135	+275	68
Swap dealers	25,802	24,482	1,320	-1	49

Signal log — Managed money

Every past signal in this market, and what price did afterwards.

Every rolling 8-week window classified as a bullish or bearish divergence, or as convergence where price and positioning agree. Price change is in percent; net change is in contracts.

Each row covers one stretch of weekly reports: the % is the price change over that stretch, the net figure is the change in the group's net position, in contracts.

Convergence — healthy uptrendMay 12, 2026 → Jul 28, 2026price +16.7% · net position +3,129 contracts
Bearish divergenceMay 5, 2026 → Jun 30, 2026price +9.0% · net position -7,466 contracts
Convergence — healthy downtrendMar 24, 2026 → Jun 23, 2026price -5.0% · net position -9,079 contracts
Bullish divergenceMar 17, 2026 → May 12, 2026price -8.1% · net position +6,118 contracts
Convergence — healthy uptrendFeb 24, 2026 → Apr 21, 2026price +8.9% · net position +10,224 contracts
Convergence — healthy downtrendOct 21, 2025 → Mar 24, 2026price -25.1% · net position -20,154 contracts
Bearish divergenceOct 7, 2025 → Dec 2, 2025price +8.9% · net position -4,957 contracts
Convergence — healthy uptrendJul 1, 2025 → Nov 10, 2025price +36.6% · net position +23,602 contracts
Bearish divergenceJun 17, 2025 → Aug 12, 2025price +7.1% · net position -6,474 contracts
Convergence — healthy downtrendMar 18, 2025 → Aug 5, 2025price -21.0% · net position -27,020 contracts
Bearish divergenceFeb 25, 2025 → May 6, 2025price +4.8% · net position -14,905 contracts
Convergence — healthy downtrendFeb 4, 2025 → Apr 15, 2025price -7.1% · net position -30,873 contracts

Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.