Commodity COT Spread Positions Explained
Learn what Disaggregated COT spread positions represent and why Squawkdeck excludes them from directional net positioning.
What spreading represents
The CFTC reports spreading for categories holding offsetting long and short futures positions in the same commodity. Producer/Merchant positions are reported only as long and short.
Squawkdeck treatment
Spread contracts are persisted, displayed and exported where available, but directional net always equals outright long minus outright short.