CFTC COT report for 1 April 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | US 5Y | Leveraged Funds | 440,718 | 3,780,738 | -3,340,020 | -159,459 | -196,518 | 2th percentile |
| 2025-04-01 | US 10Y | Leveraged Funds | 347,325 | 1,987,738 | -1,640,413 | -84,551 | -220,515 | 40th percentile |
| 2025-04-01 | US 2Y | Leveraged Funds | 408,651 | 2,197,743 | -1,789,092 | -43,766 | +13,517 | 94th percentile |
| 2025-04-01 | S&P 500 | Leveraged Funds | 169,590 | 430,751 | -261,161 | -26,554 | +26,819 | 75th percentile |
| 2025-04-01 | Ultra Bond | Leveraged Funds | 99,357 | 635,733 | -536,376 | -23,940 | -21,755 | 75th percentile |
| 2025-04-01 | JPY | Leveraged Funds | 48,928 | 37,665 | +11,263 | +10,954 | +8,713 | 100th percentile |
| 2025-04-01 | GBP | Leveraged Funds | 76,484 | 28,234 | +48,250 | +7,544 | +14,500 | 58th percentile |
| 2025-04-01 | VIX | Leveraged Funds | 53,583 | 82,196 | -28,613 | -6,573 | +11,677 | 35th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | US 5Y | Asset Manager/Institutional | 3,902,037 | 653,305 | +3,248,732 | +127,415 | +139,802 | 100th percentile |
| 2025-04-01 | US 10Y | Asset Manager/Institutional | 2,661,217 | 875,034 | +1,786,183 | +66,258 | +217,270 | 100th percentile |
| 2025-04-01 | Ultra Bond | Asset Manager/Institutional | 1,140,595 | 403,777 | +736,818 | +63,660 | +47,881 | 63th percentile |
| 2025-04-01 | US 2Y | Asset Manager/Institutional | 2,084,593 | 344,111 | +1,740,482 | +39,929 | -121,368 | 23th percentile |
| 2025-04-01 | S&P 500 | Asset Manager/Institutional | 1,092,161 | 206,681 | +885,480 | -29,846 | -26,024 | 13th percentile |
| 2025-04-01 | VIX | Asset Manager/Institutional | 67,030 | 55,814 | +11,216 | -13,476 | +5,882 | 88th percentile |
| 2025-04-01 | GBP | Asset Manager/Institutional | 59,493 | 74,408 | -14,915 | -9,525 | +29,724 | 67th percentile |
| 2025-04-01 | Nasdaq-100 | Asset Manager/Institutional | 92,734 | 45,284 | +47,450 | +7,717 | -1,080 | 8th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | Corn | Managed Money | 285,078 | 156,645 | 328,043 | +128,433 | +54,513 | 6.83% | -78,411 | 73th percentile |
| 2025-04-01 | Soybean Oil | Managed Money | 82,099 | 84,232 | 91,192 | -2,133 | +41,255 | -0.35% | -11,883 | 62th percentile |
| 2025-04-01 | Gold | Managed Money | 204,833 | 62,834 | 36,509 | +141,999 | -32,733 | 28.47% | -24,659 | 12th percentile |
| 2025-04-01 | Soybeans | Managed Money | 102,571 | 106,252 | 138,615 | -3,681 | +30,140 | -0.43% | +20,844 | 85th percentile |
| 2025-04-01 | Soybean Meal | Managed Money | 53,227 | 151,682 | 105,785 | -98,455 | -15,969 | -16.33% | -13,193 | 2th percentile |
| 2025-04-01 | Natural Gas | Managed Money | 192,336 | 166,828 | 599,911 | +25,508 | -15,247 | 1.55% | -82,842 | 71th percentile |
| 2025-04-01 | Chicago SRW Wheat | Managed Money | 79,588 | 180,172 | 112,536 | -100,584 | -10,447 | -20.62% | -17,938 | 6th percentile |
| 2025-04-01 | RBOB Gasoline | Managed Money | 74,670 | 31,103 | 60,522 | +43,567 | +9,771 | 10.37% | +23,150 | 52th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | Soybean Oil | Producer/Merchant/Processor/User | 165,831 | 299,709 | — | -133,878 | -38,934 | -22.41% | +20 | 48th percentile |
| 2025-04-01 | Corn | Producer/Merchant/Processor/User | 456,129 | 846,437 | — | -390,308 | +32,838 | -20.76% | +183,684 | 33th percentile |
| 2025-04-01 | WTI Crude Oil | Producer/Merchant/Processor/User | 608,450 | 336,647 | — | +271,803 | +27,622 | 14.80% | +36,806 | 100th percentile |
| 2025-04-01 | RBOB Gasoline | Producer/Merchant/Processor/User | 142,601 | 229,265 | — | -86,664 | -19,070 | -20.64% | -28,489 | 21th percentile |
| 2025-04-01 | Chicago SRW Wheat | Producer/Merchant/Processor/User | 83,201 | 59,242 | — | +23,959 | +18,887 | 4.91% | +20,155 | 98th percentile |
| 2025-04-01 | Soybeans | Producer/Merchant/Processor/User | 272,034 | 380,185 | — | -108,151 | -15,762 | -12.66% | -40,640 | 12th percentile |
| 2025-04-01 | Cotton No. 2 | Producer/Merchant/Processor/User | 73,522 | 76,749 | — | -3,227 | -12,380 | -1.11% | -20,070 | 79th percentile |
| 2025-04-01 | Coffee C | Producer/Merchant/Processor/User | 40,293 | 75,034 | — | -34,741 | +4,646 | -19.58% | +8,447 | 100th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | Dow Jones | Dealer/Intermediary | 32,376 | 31,501 | — | +875 | +1,477 | 1.17% | -144 | 92th percentile |
| 2025-04-01 | Dow Jones | Leveraged Funds | 8,150 | 8,069 | — | +81 | +1,747 | 0.10% | -1,000 | 23th percentile |
| 2025-04-01 | Dow Jones | Non-Reportable | 10,660 | 11,681 | — | -1,021 | -2,581 | -1.37% | -2,430 | 2th percentile |
| 2025-04-01 | EUR | Other Reportables | 29,468 | 33,238 | — | -3,770 | -8,409 | -0.56% | -4,075 | 6th percentile |
| 2025-04-01 | VIX | Dealer/Intermediary | 31,393 | 22,429 | — | +8,964 | +21,287 | 2.77% | -20,037 | 25th percentile |
| 2025-04-01 | Cotton No. 2 | Producer/Merchant/Processor/User | 73,522 | 76,749 | — | -3,227 | -12,380 | -1.11% | -20,070 | 79th percentile |
| 2025-04-01 | Soybean Oil | Non-Reportable | 31,759 | 27,505 | — | +4,254 | +5,787 | 0.71% | -2,005 | 58th percentile |
| 2025-04-01 | Chicago SRW Wheat | Other Reportables | 40,010 | 42,226 | 32,905 | -2,216 | -9,805 | -0.45% | -20 | 2th percentile |