CFTC COT report for 25 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 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-02-25 | US 2Y | Leveraged Funds | 418,047 | 2,307,426 | -1,889,379 | +112,788 | +242,517 | 77th percentile |
| 2025-02-25 | US 10Y | Leveraged Funds | 475,999 | 1,807,498 | -1,331,499 | +51,172 | +229,248 | 63th percentile |
| 2025-02-25 | Nasdaq-100 | Leveraged Funds | 56,135 | 84,006 | -27,871 | +40,350 | +22,054 | 100th percentile |
| 2025-02-25 | Ultra Bond | Leveraged Funds | 112,579 | 622,109 | -509,530 | +38,115 | +37,150 | 98th percentile |
| 2025-02-25 | US Bond | Leveraged Funds | 310,554 | 781,123 | -470,569 | -30,558 | -34,725 | 46th percentile |
| 2025-02-25 | US 5Y | Leveraged Funds | 345,018 | 3,200,484 | -2,855,466 | +25,694 | -126,565 | 42th percentile |
| 2025-02-25 | Russell 2000 | Leveraged Funds | 54,808 | 86,306 | -31,498 | +21,631 | +30,407 | 94th percentile |
| 2025-02-25 | S&P 500 | Leveraged Funds | 186,291 | 522,309 | -336,018 | +19,572 | +60,640 | 40th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-02-25 | US 2Y | Asset Manager/Institutional | 2,120,886 | 287,096 | +1,833,790 | -121,638 | -203,403 | 33th percentile |
| 2025-02-25 | US 5Y | Asset Manager/Institutional | 3,550,298 | 576,437 | +2,973,861 | -41,839 | -123,780 | 87th percentile |
| 2025-02-25 | JPY | Asset Manager/Institutional | 109,396 | 37,634 | +71,762 | +32,838 | +73,575 | 100th percentile |
| 2025-02-25 | S&P 500 | Asset Manager/Institutional | 1,130,093 | 208,953 | +921,140 | -29,879 | -43,424 | 17th percentile |
| 2025-02-25 | EUR | Asset Manager/Institutional | 356,354 | 165,177 | +191,177 | +18,644 | +16,781 | 29th percentile |
| 2025-02-25 | Russell 2000 | Asset Manager/Institutional | 183,385 | 97,987 | +85,398 | -15,790 | -34,425 | 52th percentile |
| 2025-02-25 | US 10Y | Asset Manager/Institutional | 2,485,649 | 958,530 | +1,527,119 | +9,397 | -207,782 | 48th percentile |
| 2025-02-25 | GBP | Asset Manager/Institutional | 43,185 | 90,483 | -47,298 | +9,178 | +22,312 | 46th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-02-25 | Sugar No. 11 | Managed Money | 134,691 | 85,460 | 130,335 | +49,231 | +62,736 | 5.09% | +94,991 | 58th percentile |
| 2025-02-25 | WTI Crude Oil | Managed Money | 177,427 | 108,654 | 384,623 | +68,773 | -37,119 | 3.88% | -122,758 | 2th percentile |
| 2025-02-25 | Corn | Managed Money | 411,839 | 77,996 | 367,714 | +333,843 | -25,890 | 17.41% | -9,946 | 94th percentile |
| 2025-02-25 | Lean Hogs | Managed Money | 101,301 | 12,083 | 39,646 | +89,218 | -22,527 | 30.13% | +519 | 63th percentile |
| 2025-02-25 | RBOB Gasoline | Managed Money | 58,640 | 30,734 | 47,816 | +27,906 | -17,996 | 6.56% | -12,606 | 25th percentile |
| 2025-02-25 | Chicago SRW Wheat | Managed Money | 71,962 | 137,056 | 78,589 | -65,094 | -17,250 | -16.20% | +41,297 | 52th percentile |
| 2025-02-25 | Soybean Oil | Managed Money | 88,152 | 43,271 | 58,294 | +44,881 | -12,616 | 8.17% | +5,370 | 88th percentile |
| 2025-02-25 | Copper | Managed Money | 70,584 | 51,927 | 26,645 | +18,657 | -11,389 | 8.39% | +2,115 | 48th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-02-25 | Sugar No. 11 | Producer/Merchant/Processor/User | 284,254 | 357,119 | — | -72,865 | -61,717 | -7.54% | -93,135 | 46th percentile |
| 2025-02-25 | Corn | Producer/Merchant/Processor/User | 364,605 | 1,033,670 | — | -669,065 | +44,246 | -34.90% | +16,723 | 10th percentile |
| 2025-02-25 | Soybean Oil | Producer/Merchant/Processor/User | 155,927 | 324,086 | — | -168,159 | +19,754 | -30.63% | -2,562 | 23th percentile |
| 2025-02-25 | Soybean Meal | Producer/Merchant/Processor/User | 155,462 | 252,362 | — | -96,900 | +18,497 | -17.67% | +10,290 | 75th percentile |
| 2025-02-25 | RBOB Gasoline | Producer/Merchant/Processor/User | 167,074 | 229,011 | — | -61,937 | +17,001 | -14.56% | +14,339 | 81th percentile |
| 2025-02-25 | Chicago SRW Wheat | Producer/Merchant/Processor/User | 64,598 | 75,063 | — | -10,465 | +13,643 | -2.60% | -27,491 | 67th percentile |
| 2025-02-25 | Lean Hogs | Producer/Merchant/Processor/User | 21,935 | 134,494 | — | -112,559 | +13,256 | -38.01% | +1,529 | 35th percentile |
| 2025-02-25 | Natural Gas | Producer/Merchant/Processor/User | 200,158 | 280,608 | — | -80,450 | -12,323 | -5.04% | +8,576 | 38th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-02-25 | Dow Jones | Dealer/Intermediary | 31,408 | 30,152 | — | +1,256 | +4,972 | 1.58% | +9,006 | 96th percentile |
| 2025-02-25 | Dow Jones | Asset Manager/Institutional | 11,503 | 11,990 | — | -487 | -2,719 | -0.61% | -5,434 | 8th percentile |
| 2025-02-25 | Dow Jones | Leveraged Funds | 14,165 | 13,914 | — | +251 | +1,586 | 0.31% | -3,636 | 21th percentile |
| 2025-02-25 | Cocoa | Other Reportables | 9,174 | 8,189 | 6,784 | +985 | +2,550 | 0.90% | -1,632 | 38th percentile |
| 2025-02-25 | Rough Rice | Non-Reportable | 2,356 | 2,140 | — | +216 | +258 | 1.68% | +778 | 40th percentile |
| 2025-02-25 | Soybean Oil | Other Reportables | 38,149 | 38,713 | 26,111 | -564 | -5,716 | -0.10% | -9,220 | 10th percentile |
| 2025-02-25 | Sugar No. 11 | Managed Money | 134,691 | 85,460 | 130,335 | +49,231 | +62,736 | 5.09% | +94,991 | 58th percentile |
| 2025-02-25 | Copper | Other Reportables | 21,173 | 20,808 | 16,539 | +365 | +8,348 | 0.16% | +3,862 | 38th percentile |
| 2025-02-25 | Platinum | Swap Dealer | 12,630 | 10,571 | 1,534 | +2,059 | +2,864 | 2.42% | -1,256 | 46th percentile |