CFTC COT report for 4 February 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 source

Largest Leveraged Fund changes

TFF financial futures ranked by absolute weekly contract change.

CFTC positioning observations
Report dateMarketParticipantLongShortNetWeekly change4-report change52-report context
2025-02-04US 5YLeveraged Funds382,5483,422,236-3,039,688-310,787-227,05029th percentile
2025-02-04S&P 500Leveraged Funds175,502499,856-324,354+72,304+14,14052th percentile
2025-02-04US 10YLeveraged Funds505,2772,015,295-1,510,018+50,729-69,83546th percentile
2025-02-04US BondLeveraged Funds351,599816,930-465,331-29,487-10,76748th percentile
2025-02-04Russell 2000Leveraged Funds45,14192,390-47,249+14,656-7,94562th percentile
2025-02-04EURLeveraged Funds82,094104,271-22,177+12,119+19,41137th percentile
2025-02-04US 2YLeveraged Funds430,3612,551,038-2,120,677+11,219+106,99563th percentile
2025-02-04Ultra BondLeveraged Funds99,552638,999-539,447+7,233-21,64683th percentile

Largest Asset Manager/Institutional changes

Ranked separately because official participant categories should not be combined.

CFTC positioning observations
Report dateMarketParticipantLongShortNetWeekly change4-report change52-report context
2025-02-04US 10YAsset Manager/Institutional2,505,919913,071+1,592,848-142,053-73,39463th percentile
2025-02-04US 5YAsset Manager/Institutional3,782,243587,279+3,194,964+97,323+220,742100th percentile
2025-02-04US 2YAsset Manager/Institutional2,309,284347,310+1,961,974-75,219-56,90952th percentile
2025-02-04S&P 500Asset Manager/Institutional1,108,017181,413+926,604-37,960-65,11719th percentile
2025-02-04US BondAsset Manager/Institutional1,035,936496,332+539,604+26,275-6,12683th percentile
2025-02-04Russell 2000Asset Manager/Institutional198,79898,265+100,533-19,290-36,91463th percentile
2025-02-04VIXAsset Manager/Institutional49,31760,420-11,103-16,339-11,11346th percentile
2025-02-04JPYAsset Manager/Institutional62,74249,047+13,695+15,508+23,27488th percentile

Largest Managed Money commodity changes

Disaggregated commodity futures ranked independently from TFF categories.

CFTC positioning observations
Report dateMarketParticipantLongShortSpreadNetWeekly changeNet / OI4-report change52-report context
2025-02-04WTI Crude OilManaged Money204,27260,136393,098+144,136-47,3958.16%-109,74335th percentile
2025-02-04Chicago SRW WheatManaged Money78,957160,987120,265-82,030+24,361-17.26%+6,93423th percentile
2025-02-04Soybean MealManaged Money58,57690,057104,583-31,481+19,612-5.30%+26,44033th percentile
2025-02-04CornManaged Money444,92083,389379,991+361,531+17,74217.90%+117,816100th percentile
2025-02-04SilverManaged Money56,40420,15720,069+36,247+10,29721.23%+10,80875th percentile
2025-02-04Cotton No. 2Managed Money34,10099,53341,022-65,433-9,242-22.56%-24,7282th percentile
2025-02-04PlatinumManaged Money33,55122,0663,106+11,485+8,97515.68%+6,49667th percentile
2025-02-04NY Harbor ULSDManaged Money44,98938,13626,108+6,853+6,5791.97%+16,77683th percentile

Largest Producer/Merchant/Processor/User changes

Physical commodity business participants remain in their official category.

CFTC positioning observations
Report dateMarketParticipantLongShortSpreadNetWeekly changeNet / OI4-report change52-report context
2025-02-04Soybean MealProducer/Merchant/Processor/User160,895290,801-129,906-22,716-21.87%-44,03258th percentile
2025-02-04CornProducer/Merchant/Processor/User373,5121,081,690-708,178-22,390-35.06%-159,9462th percentile
2025-02-04Chicago SRW WheatProducer/Merchant/Processor/User58,58463,432-4,848-21,874-1.02%-23,43077th percentile
2025-02-04GoldProducer/Merchant/Processor/User19,04682,490-63,444+17,454-11.70%+7,52346th percentile
2025-02-04WTI Crude OilProducer/Merchant/Processor/User518,705294,904+223,801+16,14012.67%+34,330100th percentile
2025-02-04Kansas City HRW WheatProducer/Merchant/Processor/User39,90898,321-58,413-14,397-21.07%-13,5964th percentile
2025-02-04Cotton No. 2Producer/Merchant/Processor/User77,13368,044+9,089+8,6983.13%+15,940100th percentile
2025-02-04SoybeansProducer/Merchant/Processor/User312,952450,141-137,189-8,429-15.40%-97,9072th percentile

Net-position flips

Crossings from net-long to net-short or the reverse relative to the preceding available report.

CFTC positioning observations
Report dateMarketParticipantLongShortSpreadNetWeekly changeNet / OI4-report change52-report context
2025-02-04EUROther Reportables28,88130,552-1,671-3,421-0.27%-1,7682th percentile
2025-02-04JPYAsset Manager/Institutional62,74249,047+13,695+15,5085.90%+23,27488th percentile
2025-02-04VIXAsset Manager/Institutional49,31760,420-11,103-16,339-3.41%-11,11346th percentile
2025-02-04VIXOther Reportables6,8395,284+1,555+7,8580.47%-5,22715th percentile
2025-02-04VIXNon-Reportable28,65326,490+2,163+3,6790.66%+5,67788th percentile
2025-02-04Rough RiceNon-Reportable2,1042,019+85+6470.70%-8823th percentile
2025-02-04Chicago SRW WheatProducer/Merchant/Processor/User58,58463,432-4,848-21,874-1.02%-23,43077th percentile