Producer/Merchant/Processor/User
- Long
- 28,049
- Short
- 139,914
- Spread
- —
- Net
- -111,865
- Weekly change
- -14,843
- Net / open interest
- -37.60%
- 52 reports
- 6th percentile
- 156 reports
- 2th percentile
Copper futures COT positions and historical chart
Official market: COPPER- #1 · COMEX · Disaggregated Futures Only · 25,000 pounds
Latest report: 8 September 2026 · processed 11 Sept 2026, 19:31 · Current weekly data
Official CFTC datasetCurrent positioning summary
Managed Money held a net-long Copper futures position of 82,154 contracts. The position increased by 9,272 contracts from the preceding available report. The position ranked in the 100th percentile of the latest 156 available reports.
Report date: 8 September 2026
Swap Dealer
- Long
- 53,085
- Short
- 45,864
- Spread
- 8,441
- Net
- +7,221
- Weekly change
- +2,306
- Net / open interest
- 2.42%
- 52 reports
- 12th percentile
- 156 reports
- 8th percentile
Managed Money
- Long
- 98,007
- Short
- 15,853
- Spread
- 29,016
- Net
- +82,154
- Weekly change
- +9,272
- Net / open interest
- 27.61%
- 52 reports
- 100th percentile
- 156 reports
- 100th percentile
Historical net position
Actual report dates; missing weeks are not interpolated. A data table follows the chart.
Accessible historical data
Recent normalized observations are server rendered; the chart uses client-side state and the market page keeps one canonical URL.
| Report date | Participant | Long | Short | Spread | Net | Weekly change | Net / OI | 4-report change | 52-report context |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-08 | Other Reportables | 31,493 | 21,171 | 28,859 | +10,322 | +2,335 | 3.46% | +8,961 | 100th percentile |
| 2026-09-08 | Non-Reportable | 20,541 | 8,373 | — | +12,168 | +930 | 4.09% | +1,310 | 71th percentile |
| 2026-09-08 | Producer/Merchant/Processor/User | 28,049 | 139,914 | — | -111,865 | -14,843 | -37.60% | -14,348 | 6th percentile |
| 2026-09-08 | Swap Dealer | 53,085 | 45,864 | 8,441 | +7,221 | +2,306 | 2.42% | +950 | 12th percentile |
| 2026-09-08 | Managed Money | 98,007 | 15,853 | 29,016 | +82,154 | +9,272 | 27.61% | +3,127 | 100th percentile |
| 2026-09-01 | Other Reportables | 28,256 | 20,269 | 28,678 | +7,987 | -1,008 | 2.82% | +6,622 | 96th percentile |
| 2026-09-01 | Non-Reportable | 19,400 | 8,162 | — | +11,238 | +1,455 | 3.97% | +2,192 | 62th percentile |
| 2026-09-01 | Producer/Merchant/Processor/User | 27,319 | 124,341 | — | -97,022 | +3,001 | -34.32% | -4,178 | 25th percentile |
| 2026-09-01 | Swap Dealer | 51,059 | 46,144 | 7,667 | +4,915 | -59 | 1.73% | -1,760 | 2th percentile |
| 2026-09-01 | Managed Money | 91,430 | 18,548 | 28,831 | +72,882 | -3,389 | 25.78% | -2,876 | 83th percentile |
| 2026-08-25 | Other Reportables | 29,312 | 20,317 | 29,616 | +8,995 | +7,895 | 3.17% | +6,722 | 98th percentile |
| 2026-08-25 | Non-Reportable | 19,503 | 9,720 | — | +9,783 | -609 | 3.45% | +903 | 38th percentile |
| 2026-08-25 | Producer/Merchant/Processor/User | 28,343 | 128,366 | — | -100,023 | -3,749 | -35.30% | -14,744 | 17th percentile |
| 2026-08-25 | Swap Dealer | 50,507 | 45,533 | 9,573 | +4,974 | -1,160 | 1.75% | -4,144 | 2th percentile |
| 2026-08-25 | Managed Money | 92,107 | 15,836 | 24,338 | +76,271 | -2,377 | 26.92% | +11,263 | 96th percentile |
| 2026-08-18 | Other Reportables | 19,302 | 18,202 | 35,071 | +1,100 | -261 | 0.39% | -1,362 | 56th percentile |
| 2026-08-18 | Non-Reportable | 20,108 | 9,716 | — | +10,392 | -466 | 3.69% | +2,257 | 48th percentile |
| 2026-08-18 | Producer/Merchant/Processor/User | 28,940 | 125,214 | — | -96,274 | +1,243 | -34.19% | -5,066 | 25th percentile |
| 2026-08-18 | Swap Dealer | 52,125 | 45,991 | 8,658 | +6,134 | -137 | 2.17% | -2,962 | 2th percentile |
| 2026-08-18 | Managed Money | 92,097 | 13,449 | 25,262 | +78,648 | -379 | 27.93% | +7,133 | 98th percentile |
| 2026-08-11 | Other Reportables | 20,551 | 19,190 | 33,366 | +1,361 | -4 | 0.45% | -2,839 | 58th percentile |
| 2026-08-11 | Non-Reportable | 21,324 | 10,466 | — | +10,858 | +1,812 | 3.65% | +1,627 | 56th percentile |
| 2026-08-11 | Producer/Merchant/Processor/User | 30,850 | 128,367 | — | -97,517 | -4,673 | -32.82% | -11,133 | 21th percentile |
| 2026-08-11 | Swap Dealer | 52,614 | 46,343 | 9,131 | +6,271 | -404 | 2.11% | -6,497 | 2th percentile |
| 2026-08-11 | Managed Money | 93,911 | 14,884 | 35,300 | +79,027 | +3,269 | 26.60% | +18,842 | 100th percentile |
| 2026-08-04 | Other Reportables | 21,131 | 19,766 | 30,870 | +1,365 | -908 | 0.47% | -4,123 | 58th percentile |
| 2026-08-04 | Non-Reportable | 19,940 | 10,894 | — | +9,046 | +166 | 3.12% | +148 | 27th percentile |
| 2026-08-04 | Producer/Merchant/Processor/User | 21,854 | 114,698 | — | -92,844 | -7,565 | -32.08% | -1,861 | 29th percentile |
| 2026-08-04 | Swap Dealer | 53,980 | 47,305 | 8,837 | +6,675 | -2,443 | 2.30% | -11,138 | 2th percentile |
| 2026-08-04 | Managed Money | 93,173 | 17,415 | 39,610 | +75,758 | +10,750 | 26.17% | +16,974 | 100th percentile |
| 2026-07-28 | Other Reportables | 20,035 | 17,762 | 26,190 | +2,273 | -189 | 0.82% | -2,812 | 67th percentile |
| 2026-07-28 | Non-Reportable | 18,680 | 9,800 | — | +8,880 | +745 | 3.23% | +574 | 21th percentile |
| 2026-07-28 | Producer/Merchant/Processor/User | 25,941 | 111,220 | — | -85,279 | +5,929 | -31.06% | +4,059 | 50th percentile |
| 2026-07-28 | Swap Dealer | 53,154 | 44,036 | 8,667 | +9,118 | +22 | 3.32% | -7,126 | 4th percentile |
| 2026-07-28 | Managed Money | 82,988 | 17,980 | 38,897 | +65,008 | -6,507 | 23.67% | +5,305 | 75th percentile |
| 2026-07-21 | Other Reportables | 19,799 | 17,337 | 26,158 | +2,462 | -1,738 | 0.91% | -2,611 | 73th percentile |
| 2026-07-21 | Non-Reportable | 19,336 | 11,201 | — | +8,135 | -1,096 | 3.01% | -723 | 8th percentile |
| 2026-07-21 | Producer/Merchant/Processor/User | 23,527 | 114,735 | — | -91,208 | -4,824 | -33.77% | +6,378 | 33th percentile |
| 2026-07-21 | Swap Dealer | 51,514 | 42,418 | 9,081 | +9,096 | -3,672 | 3.36% | -8,012 | 4th percentile |
| 2026-07-21 | Managed Money | 88,235 | 16,720 | 32,398 | +71,515 | +11,330 | 26.48% | +4,968 | 90th percentile |
How to interpret Copper positioning
What the contract represents
COMEX Copper futures represent 25,000 pounds of Grade 1 copper; the stable CFTC code spans an official naming change.
Categories traders monitor
Managed Money provides tactical positioning context while Producer/Merchant positions can reflect mining, merchant and industrial-user risk management.
Interpretation considerations
Construction, power-grid demand, Chinese activity and mine supply can matter simultaneously; participant labels do not reveal a trader's specific motive.
Important limitations
This benchmark does not aggregate other copper venues or silently splice mini contracts, and COT arrives after the Tuesday snapshot.
Related markets
Download the latest 52 reports as CSV
COT research guides
What Is the Commitments of Traders Report?A practical overview of CFTC COT coverage, publication lag, participant categories, net positioning and limitations.How to Read a COT ReportRead long and short positions, weekly changes, flips and rolling percentiles without overstating what delayed positioning data can show.COT Report Release ScheduleUnderstand the Tuesday position date, later publication, exceptional delays and Squawkdeck processing timestamps.COT Participant Categories ExplainedCompare Dealer/Intermediary, Asset Manager/Institutional, Leveraged Funds, Other Reportables and Non-Reportable traders.Futures Only vs Options Combined COT ReportsLearn why COT report scopes should not be mixed and which TFF scope Squawkdeck uses.CFTC Data MethodologyOfficial sources, contract mapping, formulas, rolling statistics, corrections, missing data and limitations for Squawkdeck CFTC research.