CFTC COT report for 28 January 2025
Week-ended positions · TFF Futures Only and Disaggregated Futures Only · 42 reviewed markets · processed 26 Jul 2026, 17:39
Financial TFF: available · Commodity Disaggregated: available
Official CFTC sourceLargest Leveraged Fund changes
TFF financial futures ranked by absolute weekly contract change.
| Report date | Market | Participant | Long | Short | Net | Weekly change | 4-report change | 52-report context |
|---|---|---|---|---|---|---|---|---|
| 2025-01-28 | US 10Y | Leveraged Funds | 472,077 | 2,032,824 | -1,560,747 | -208,717 | -57,844 | 44th percentile |
| 2025-01-28 | US 5Y | Leveraged Funds | 413,239 | 3,142,140 | -2,728,901 | -32,404 | +112,206 | 52th percentile |
| 2025-01-28 | Ultra Bond | Leveraged Funds | 89,035 | 635,715 | -546,680 | -21,577 | -16,844 | 83th percentile |
| 2025-01-28 | GBP | Leveraged Funds | 52,427 | 32,499 | +19,928 | -13,120 | -29,180 | 19th percentile |
| 2025-01-28 | US 2Y | Leveraged Funds | 430,488 | 2,562,384 | -2,131,896 | -11,107 | +176,208 | 60th percentile |
| 2025-01-28 | Nasdaq-100 | Leveraged Funds | 44,031 | 93,956 | -49,925 | -9,773 | -17,871 | 25th percentile |
| 2025-01-28 | S&P 500 | Leveraged Funds | 123,096 | 519,754 | -396,658 | -8,983 | -72,051 | 15th percentile |
| 2025-01-28 | CAD | Leveraged Funds | 5,869 | 89,815 | -83,946 | +8,426 | +911 | 25th percentile |
Largest Asset Manager/Institutional changes
Ranked separately because official participant categories should not be combined.
| Report date | Market | Participant | Long | Short | Net | Weekly change | 4-report change | 52-report context |
|---|---|---|---|---|---|---|---|---|
| 2025-01-28 | US 5Y | Asset Manager/Institutional | 3,664,541 | 566,900 | +3,097,641 | +208,909 | +140,474 | 100th percentile |
| 2025-01-28 | US 10Y | Asset Manager/Institutional | 2,571,859 | 836,958 | +1,734,901 | +64,644 | +98,463 | 96th percentile |
| 2025-01-28 | US 2Y | Asset Manager/Institutional | 2,362,334 | 325,141 | +2,037,193 | +47,040 | -61,568 | 60th percentile |
| 2025-01-28 | S&P 500 | Asset Manager/Institutional | 1,134,997 | 170,433 | +964,564 | +31,831 | -19,499 | 46th percentile |
| 2025-01-28 | EUR | Asset Manager/Institutional | 347,583 | 173,187 | +174,396 | +13,518 | +20,535 | 19th percentile |
| 2025-01-28 | JPY | Asset Manager/Institutional | 58,289 | 60,102 | -1,813 | +11,394 | +6,717 | 81th percentile |
| 2025-01-28 | CAD | Asset Manager/Institutional | 33,248 | 172,952 | -139,704 | -6,826 | +22,525 | 21th percentile |
| 2025-01-28 | US Bond | Asset Manager/Institutional | 1,038,668 | 525,339 | +513,329 | -6,811 | -74,887 | 69th percentile |
Largest Managed Money commodity changes
Disaggregated commodity futures ranked independently from TFF categories.
| Report date | Market | Participant | Long | Short | Spread | Net | Weekly change | Net / OI | 4-report change | 52-report context |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-01-28 | WTI Crude Oil | Managed Money | 240,582 | 49,051 | 369,295 | +191,531 | -55,914 | 10.74% | -11,517 | 69th percentile |
| 2025-01-28 | Corn | Managed Money | 438,643 | 94,854 | 357,329 | +343,789 | +22,105 | 17.36% | +119,893 | 100th percentile |
| 2025-01-28 | Chicago SRW Wheat | Managed Money | 79,797 | 186,188 | 123,010 | -106,391 | -16,812 | -21.51% | -15,473 | 2th percentile |
| 2025-01-28 | Soybean Oil | Managed Money | 73,981 | 34,470 | 79,371 | +39,511 | +12,702 | 6.99% | +71,700 | 92th percentile |
| 2025-01-28 | RBOB Gasoline | Managed Money | 70,100 | 29,588 | 48,683 | +40,512 | -10,202 | 9.50% | -12,957 | 40th percentile |
| 2025-01-28 | Soybean Meal | Managed Money | 54,965 | 106,058 | 101,925 | -51,093 | +8,340 | -8.81% | +12,322 | 21th percentile |
| 2025-01-28 | Soybeans | Managed Money | 140,673 | 67,638 | 100,073 | +73,035 | +7,114 | 8.45% | +98,219 | 100th percentile |
| 2025-01-28 | Live Cattle | Managed Money | 172,066 | 15,230 | 38,017 | +156,836 | +7,080 | 40.12% | +25,638 | 100th percentile |
Largest Producer/Merchant/Processor/User changes
Physical commodity business participants remain in their official category.
| Report date | Market | Participant | Long | Short | Spread | Net | Weekly change | Net / OI | 4-report change | 52-report context |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-01-28 | Corn | Producer/Merchant/Processor/User | 388,998 | 1,074,786 | — | -685,788 | -27,879 | -34.63% | -160,930 | 2th percentile |
| 2025-01-28 | WTI Crude Oil | Producer/Merchant/Processor/User | 537,188 | 329,527 | — | +207,661 | +19,448 | 11.65% | +18,616 | 92th percentile |
| 2025-01-28 | Sugar No. 11 | Producer/Merchant/Processor/User | 326,727 | 306,457 | — | +20,270 | -16,229 | 2.02% | +103,036 | 98th percentile |
| 2025-01-28 | Soybean Oil | Producer/Merchant/Processor/User | 149,864 | 315,461 | — | -165,597 | -14,368 | -29.30% | -54,004 | 17th percentile |
| 2025-01-28 | Chicago SRW Wheat | Producer/Merchant/Processor/User | 74,777 | 57,751 | — | +17,026 | +13,977 | 3.44% | +2,500 | 96th percentile |
| 2025-01-28 | NY Harbor ULSD | Producer/Merchant/Processor/User | 94,263 | 185,759 | — | -91,496 | +7,012 | -26.07% | -10,581 | 17th percentile |
| 2025-01-28 | Soybean Meal | Producer/Merchant/Processor/User | 159,421 | 266,611 | — | -107,190 | -5,483 | -18.50% | -15,696 | 62th percentile |
| 2025-01-28 | Kansas City HRW Wheat | Producer/Merchant/Processor/User | 41,280 | 85,296 | — | -44,016 | +4,101 | -15.17% | -1,210 | 25th percentile |
Net-position flips
Crossings from net-long to net-short or the reverse relative to the preceding available report.
| Report date | Market | Participant | Long | Short | Spread | Net | Weekly change | Net / OI | 4-report change | 52-report context |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-01-28 | GBP | Other Reportables | 831 | 3,035 | — | -2,204 | -2,205 | -1.06% | +743 | 67th percentile |
| 2025-01-28 | NZD | Other Reportables | 3,295 | 1,188 | — | +2,107 | +4,091 | 2.50% | +4,963 | 98th percentile |
| 2025-01-28 | VIX | Other Reportables | 6,821 | 13,124 | — | -6,303 | -12,256 | -1.90% | -11,841 | 2th percentile |
| 2025-01-28 | VIX | Non-Reportable | 25,270 | 26,786 | — | -1,516 | -4,147 | -0.45% | +1,381 | 48th percentile |
| 2025-01-28 | Cotton No. 2 | Producer/Merchant/Processor/User | 66,675 | 66,284 | — | +391 | +2,429 | 0.14% | +7,181 | 94th percentile |
| 2025-01-28 | Orange Juice | Other Reportables | 1,385 | 1,354 | 359 | +31 | +367 | 0.27% | +606 | 77th percentile |
| 2025-01-28 | Sugar No. 11 | Non-Reportable | 69,367 | 65,679 | — | +3,688 | +7,109 | 0.36% | -820 | 38th percentile |
| 2025-01-28 | Sugar No. 11 | Swap Dealer | 140,799 | 135,323 | 74,018 | +5,476 | +7,087 | 0.54% | -27,663 | 40th percentile |
| 2025-01-28 | Palladium | Producer/Merchant/Processor/User | 991 | 1,242 | — | -251 | -453 | -1.47% | -709 | 19th percentile |