CFTC COT report for 22 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-04-22 | US 5Y | Leveraged Funds | 448,393 | 3,893,468 | -3,445,075 | -158,009 | -264,514 | 2th percentile |
| 2025-04-22 | US 2Y | Leveraged Funds | 403,063 | 2,343,767 | -1,940,704 | -54,867 | -195,378 | 71th percentile |
| 2025-04-22 | US 10Y | Leveraged Funds | 204,338 | 1,981,285 | -1,776,947 | +33,930 | -221,085 | 33th percentile |
| 2025-04-22 | S&P 500 | Leveraged Funds | 168,599 | 420,432 | -251,833 | -20,364 | -17,226 | 81th percentile |
| 2025-04-22 | Russell 2000 | Leveraged Funds | 84,100 | 110,268 | -26,168 | -15,109 | -6,898 | 85th percentile |
| 2025-04-22 | Ultra Bond | Leveraged Funds | 83,489 | 640,205 | -556,716 | -14,275 | -44,280 | 62th percentile |
| 2025-04-22 | Nasdaq-100 | Leveraged Funds | 55,399 | 55,727 | -328 | +13,065 | +35,562 | 94th percentile |
| 2025-04-22 | CAD | Leveraged Funds | 11,449 | 50,568 | -39,119 | +12,130 | +11,003 | 100th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-04-22 | US 5Y | Asset Manager/Institutional | 4,058,378 | 622,104 | +3,436,274 | +160,955 | +314,957 | 100th percentile |
| 2025-04-22 | Ultra Bond | Asset Manager/Institutional | 1,216,698 | 501,462 | +715,236 | +40,464 | +42,078 | 44th percentile |
| 2025-04-22 | US 2Y | Asset Manager/Institutional | 2,286,708 | 256,922 | +2,029,786 | +37,702 | +329,233 | 58th percentile |
| 2025-04-22 | US Bond | Asset Manager/Institutional | 1,165,429 | 509,464 | +655,965 | +36,011 | +95,860 | 100th percentile |
| 2025-04-22 | CAD | Asset Manager/Institutional | 36,040 | 93,261 | -57,221 | +16,159 | +72,001 | 94th percentile |
| 2025-04-22 | GBP | Asset Manager/Institutional | 63,181 | 68,293 | -5,112 | +12,488 | +278 | 81th percentile |
| 2025-04-22 | US 10Y | Asset Manager/Institutional | 2,721,149 | 649,329 | +2,071,820 | -10,614 | +351,895 | 98th percentile |
| 2025-04-22 | Russell 2000 | Asset Manager/Institutional | 167,091 | 143,057 | +24,034 | +7,948 | -15,569 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-04-22 | WTI Crude Oil | Managed Money | 195,213 | 63,478 | 403,269 | +131,735 | +51,822 | 7.08% | +38,492 | 46th percentile |
| 2025-04-22 | Natural Gas | Managed Money | 142,024 | 167,647 | 542,191 | -25,623 | -31,260 | -1.75% | -66,378 | 46th percentile |
| 2025-04-22 | Lean Hogs | Managed Money | 72,735 | 17,046 | 40,874 | +55,689 | +17,974 | 21.32% | +6,554 | 48th percentile |
| 2025-04-22 | Corn | Managed Money | 289,843 | 157,429 | 210,411 | +132,414 | -12,740 | 7.75% | +58,494 | 73th percentile |
| 2025-04-22 | Live Cattle | Managed Money | 128,352 | 12,999 | 40,127 | +115,353 | +12,089 | 33.81% | -21,239 | 65th percentile |
| 2025-04-22 | Soybean Oil | Managed Money | 95,288 | 39,616 | 80,115 | +55,672 | +11,131 | 9.92% | +99,060 | 94th percentile |
| 2025-04-22 | Soybeans | Managed Money | 136,399 | 83,154 | 95,571 | +53,245 | +9,897 | 6.54% | +87,066 | 92th percentile |
| 2025-04-22 | Kansas City HRW Wheat | Managed Money | 40,866 | 92,484 | 39,739 | -51,618 | -8,737 | -19.81% | -7,077 | 2th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-04-22 | Corn | Producer/Merchant/Processor/User | 424,352 | 845,964 | — | -421,612 | +19,595 | -24.68% | +1,534 | 35th percentile |
| 2025-04-22 | Lean Hogs | Producer/Merchant/Processor/User | 22,616 | 109,771 | — | -87,155 | -12,989 | -33.37% | -3,634 | 50th percentile |
| 2025-04-22 | Soybean Meal | Producer/Merchant/Processor/User | 176,848 | 267,209 | — | -90,361 | +11,493 | -14.94% | -11,100 | 81th percentile |
| 2025-04-22 | WTI Crude Oil | Producer/Merchant/Processor/User | 601,670 | 319,240 | — | +282,430 | -10,357 | 15.18% | +38,249 | 96th percentile |
| 2025-04-22 | Natural Gas | Producer/Merchant/Processor/User | 186,551 | 188,701 | — | -2,150 | +9,634 | -0.14% | +28,226 | 100th percentile |
| 2025-04-22 | Gold | Producer/Merchant/Processor/User | 18,110 | 63,420 | — | -45,310 | +6,295 | -9.73% | +17,447 | 79th percentile |
| 2025-04-22 | Soybean Oil | Producer/Merchant/Processor/User | 148,276 | 316,645 | — | -168,369 | -5,018 | -30.01% | -73,425 | 23th percentile |
| 2025-04-22 | Chicago SRW Wheat | Producer/Merchant/Processor/User | 81,069 | 57,619 | — | +23,450 | +4,597 | 5.16% | +18,378 | 96th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-04-22 | Dow Jones | Dealer/Intermediary | 33,228 | 36,880 | — | -3,652 | -5,304 | -4.62% | -3,050 | 77th percentile |
| 2025-04-22 | Dow Jones | Leveraged Funds | 9,112 | 9,073 | — | +39 | +1,904 | 0.04% | +1,705 | 25th percentile |
| 2025-04-22 | AUD | Non-Reportable | 24,156 | 20,004 | — | +4,152 | +9,036 | 2.17% | +9,035 | 65th percentile |
| 2025-04-22 | Bitcoin | Non-Reportable | 1,253 | 1,059 | — | +194 | +512 | 0.68% | +223 | 25th percentile |
| 2025-04-22 | VIX | Dealer/Intermediary | 33,117 | 30,494 | — | +2,623 | +2,690 | 0.96% | +14,946 | 13th percentile |
| 2025-04-22 | US Bond | Other Reportables | 92,337 | 92,877 | — | -540 | -4,951 | -0.02% | +13,690 | 40th percentile |
| 2025-04-22 | Sugar No. 11 | Non-Reportable | 57,180 | 57,913 | — | -733 | -6,653 | -0.08% | -21,454 | 31th percentile |
| 2025-04-22 | Kansas City HRW Wheat | Non-Reportable | 20,422 | 18,943 | — | +1,479 | +2,567 | 0.56% | +4,155 | 100th percentile |
| 2025-04-22 | Natural Gas | Managed Money | 142,024 | 167,647 | 542,191 | -25,623 | -31,260 | -1.75% | -66,378 | 46th percentile |
| 2025-04-22 | Copper | Non-Reportable | 12,266 | 13,381 | — | -1,115 | -1,810 | -0.56% | -1,541 | 4th percentile |