CFTC COT report for 4 March 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-03-04 | US 5Y | Leveraged Funds | 349,815 | 3,493,317 | -3,143,502 | -288,036 | -103,814 | 12th percentile |
| 2025-03-04 | US 10Y | Leveraged Funds | 419,784 | 1,839,682 | -1,419,898 | -88,399 | +90,120 | 58th percentile |
| 2025-03-04 | US 2Y | Leveraged Funds | 384,238 | 2,186,847 | -1,802,609 | +86,770 | +318,068 | 87th percentile |
| 2025-03-04 | US Bond | Leveraged Funds | 228,545 | 758,698 | -530,153 | -59,584 | -64,822 | 15th percentile |
| 2025-03-04 | S&P 500 | Leveraged Funds | 241,275 | 529,255 | -287,980 | +48,038 | +36,374 | 71th percentile |
| 2025-03-04 | Russell 2000 | Leveraged Funds | 83,460 | 94,768 | -11,308 | +20,190 | +35,941 | 100th percentile |
| 2025-03-04 | Nasdaq-100 | Leveraged Funds | 66,893 | 78,548 | -11,655 | +16,216 | +37,097 | 100th percentile |
| 2025-03-04 | JPY | Leveraged Funds | 47,578 | 45,028 | +2,550 | +14,270 | +31,638 | 94th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-03-04 | US 5Y | Asset Manager/Institutional | 3,684,943 | 576,013 | +3,108,930 | +135,069 | -86,034 | 96th percentile |
| 2025-03-04 | US 10Y | Asset Manager/Institutional | 2,502,636 | 933,723 | +1,568,913 | +41,794 | -23,935 | 58th percentile |
| 2025-03-04 | US 2Y | Asset Manager/Institutional | 2,141,401 | 279,551 | +1,861,850 | +28,060 | -100,124 | 33th percentile |
| 2025-03-04 | US Bond | Asset Manager/Institutional | 1,082,500 | 500,092 | +582,408 | +21,855 | +42,804 | 94th percentile |
| 2025-03-04 | EUR | Asset Manager/Institutional | 366,028 | 154,304 | +211,724 | +20,547 | +47,974 | 35th percentile |
| 2025-03-04 | Russell 2000 | Asset Manager/Institutional | 179,257 | 107,249 | +72,008 | -13,390 | -28,525 | 42th percentile |
| 2025-03-04 | JPY | Asset Manager/Institutional | 115,992 | 32,223 | +83,769 | +12,007 | +70,074 | 100th percentile |
| 2025-03-04 | Nasdaq-100 | Asset Manager/Institutional | 98,027 | 49,497 | +48,530 | -10,002 | -10,716 | 2th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-03-04 | Corn | Managed Money | 297,148 | 90,304 | 383,874 | +206,844 | -126,999 | 11.18% | -154,687 | 83th percentile |
| 2025-03-04 | Soybeans | Managed Money | 99,542 | 124,067 | 107,309 | -24,525 | -48,239 | -3.01% | -97,281 | 79th percentile |
| 2025-03-04 | Soybean Oil | Managed Money | 73,747 | 63,997 | 69,813 | +9,750 | -35,131 | 1.73% | -35,659 | 69th percentile |
| 2025-03-04 | Lean Hogs | Managed Money | 81,140 | 24,812 | 42,318 | +56,328 | -32,890 | 19.60% | -38,402 | 37th percentile |
| 2025-03-04 | WTI Crude Oil | Managed Money | 171,447 | 72,798 | 410,132 | +98,649 | +29,876 | 5.43% | -45,487 | 8th percentile |
| 2025-03-04 | Soybean Meal | Managed Money | 54,261 | 139,523 | 85,328 | -85,262 | -23,987 | -15.35% | -53,781 | 6th percentile |
| 2025-03-04 | Kansas City HRW Wheat | Managed Money | 28,907 | 67,457 | 38,246 | -38,550 | -18,016 | -15.90% | -3,300 | 25th percentile |
| 2025-03-04 | Chicago SRW Wheat | Managed Money | 78,174 | 160,820 | 86,648 | -82,646 | -17,552 | -19.32% | -616 | 23th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-03-04 | Corn | Producer/Merchant/Processor/User | 385,230 | 959,222 | — | -573,992 | +95,073 | -31.04% | +134,186 | 15th percentile |
| 2025-03-04 | Soybean Oil | Producer/Merchant/Processor/User | 163,908 | 297,806 | — | -133,898 | +34,261 | -23.89% | +39,725 | 46th percentile |
| 2025-03-04 | Sugar No. 11 | Producer/Merchant/Processor/User | 266,884 | 307,231 | — | -40,347 | +32,518 | -4.46% | -66,876 | 71th percentile |
| 2025-03-04 | Cotton No. 2 | Producer/Merchant/Processor/User | 80,875 | 64,032 | — | +16,843 | +25,205 | 6.00% | +7,754 | 100th percentile |
| 2025-03-04 | Kansas City HRW Wheat | Producer/Merchant/Processor/User | 40,879 | 82,380 | — | -41,501 | +24,309 | -17.11% | +16,912 | 52th percentile |
| 2025-03-04 | Lean Hogs | Producer/Merchant/Processor/User | 26,074 | 117,789 | — | -91,715 | +20,844 | -31.92% | +24,571 | 52th percentile |
| 2025-03-04 | Soybeans | Producer/Merchant/Processor/User | 297,819 | 365,330 | — | -67,511 | +20,819 | -8.29% | +69,678 | 19th percentile |
| 2025-03-04 | Soybean Meal | Producer/Merchant/Processor/User | 157,982 | 236,249 | — | -78,267 | +18,633 | -14.09% | +51,639 | 90th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-03-04 | EUR | Other Reportables | 28,435 | 28,130 | — | +305 | +1,908 | 0.04% | +1,976 | 12th percentile |
| 2025-03-04 | GBP | Other Reportables | 8,711 | 2,549 | — | +6,162 | +10,494 | 3.07% | +6,844 | 96th percentile |
| 2025-03-04 | JPY | Leveraged Funds | 47,578 | 45,028 | — | +2,550 | +14,270 | 0.71% | +31,638 | 94th percentile |
| 2025-03-04 | Bitcoin | Non-Reportable | 1,186 | 1,284 | — | -98 | -155 | -0.34% | -230 | 2th percentile |
| 2025-03-04 | VIX | Other Reportables | 11,483 | 5,522 | — | +5,961 | +17,996 | 1.52% | +4,406 | 54th percentile |
| 2025-03-04 | VIX | Non-Reportable | 31,279 | 31,285 | — | -6 | -1,016 | 0.00% | -2,169 | 52th percentile |
| 2025-03-04 | Cotton No. 2 | Producer/Merchant/Processor/User | 80,875 | 64,032 | — | +16,843 | +25,205 | 6.00% | +7,754 | 100th percentile |
| 2025-03-04 | Soybean Oil | Other Reportables | 38,891 | 34,151 | 32,492 | +4,740 | +5,304 | 0.84% | -3,446 | 13th percentile |
| 2025-03-04 | Soybeans | Managed Money | 99,542 | 124,067 | 107,309 | -24,525 | -48,239 | -3.01% | -97,281 | 79th percentile |
| 2025-03-04 | Chicago SRW Wheat | Other Reportables | 38,193 | 40,389 | 24,542 | -2,196 | -5,239 | -0.51% | -16,871 | 2th percentile |
| 2025-03-04 | Chicago SRW Wheat | Non-Reportable | 35,060 | 31,276 | — | +3,784 | +5,213 | 0.88% | +110 | 96th percentile |
| 2025-03-04 | Chicago SRW Wheat | Producer/Merchant/Processor/User | 66,439 | 62,635 | — | +3,804 | +14,269 | 0.88% | +8,652 | 88th percentile |
| 2025-03-04 | RBOB Gasoline | Non-Reportable | 19,597 | 21,009 | — | -1,412 | -2,970 | -0.33% | -6,203 | 12th percentile |
| 2025-03-04 | Palladium | Producer/Merchant/Processor/User | 1,304 | 1,268 | — | +36 | +316 | 0.18% | +962 | 35th percentile |