CFTC COT report for 8 July 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
2025-07-08US 5YLeveraged Funds425,4593,925,367-3,499,908+57,376-21,45210th percentile
2025-07-08US 2YLeveraged Funds531,9492,497,813-1,965,864+48,353-105,40367th percentile
2025-07-08S&P 500Leveraged Funds146,754494,389-347,635-41,348-33,37217th percentile
2025-07-08US 10YLeveraged Funds270,5502,328,835-2,058,285-23,946-115,02910th percentile
2025-07-08Ultra BondLeveraged Funds98,965621,838-522,873-20,942-40,63579th percentile
2025-07-08VIXLeveraged Funds46,109119,286-73,177-14,700-40,0292th percentile
2025-07-08EURLeveraged Funds105,23376,110+29,123+13,902+17,14796th percentile
2025-07-08US BondLeveraged Funds91,132518,809-427,677-12,167+6,32596th 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
2025-07-08US 10YAsset Manager/Institutional2,998,048803,566+2,194,482-63,639+133,84996th percentile
2025-07-08US 5YAsset Manager/Institutional4,590,227861,485+3,728,742-34,627+443,96598th percentile
2025-07-08US 2YAsset Manager/Institutional2,590,907440,789+2,150,118+27,282+278,19583th percentile
2025-07-08S&P 500Asset Manager/Institutional1,102,127238,590+863,537+23,389+37,40629th percentile
2025-07-08US BondAsset Manager/Institutional1,154,211585,505+568,706+23,253+21,86679th percentile
2025-07-08Ultra BondAsset Manager/Institutional1,276,761608,499+668,262+17,035+6,67917th percentile
2025-07-08VIXAsset Manager/Institutional92,54960,184+32,365+8,642+18,38098th percentile
2025-07-08CADAsset Manager/Institutional38,86881,477-42,609-7,222+13,98494th 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
2025-07-08WTI Crude OilManaged Money196,44850,751427,602+145,697-28,9367.31%-15,88062th percentile
2025-07-08Sugar No. 11Managed Money124,543217,62388,876-93,080+12,517-10.94%-62,0554th percentile
2025-07-08CornManaged Money179,925359,212201,788-179,287+10,253-11.96%-29,14419th percentile
2025-07-08SoybeansManaged Money119,999112,815113,890+7,184-6,7170.84%-27,88763th percentile
2025-07-08NY Harbor ULSDManaged Money52,43718,67839,434+33,759+6,5349.79%+18,170100th percentile
2025-07-08CopperManaged Money61,59723,95941,018+37,638+5,84816.34%+12,02696th percentile
2025-07-08Chicago SRW WheatManaged Money83,593141,18676,351-57,593+5,821-14.71%+30,07673th percentile
2025-07-08Natural GasManaged Money185,337232,420530,221-47,083+4,737-3.09%+37,11750th 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
2025-07-08WTI Crude OilProducer/Merchant/Processor/User648,950376,053+272,897+14,69813.70%+27,42294th percentile
2025-07-08Chicago SRW WheatProducer/Merchant/Processor/User66,24063,733+2,507-6,5830.64%-30,83456th percentile
2025-07-08RBOB GasolineProducer/Merchant/Processor/User117,932183,848-65,916-6,326-19.09%-8,18740th percentile
2025-07-08SoybeansProducer/Merchant/Processor/User286,866422,887-136,021+5,358-16.07%+36,54227th percentile
2025-07-08Live CattleProducer/Merchant/Processor/User61,972188,055-126,083+4,626-32.40%+13,50658th percentile
2025-07-08CopperProducer/Merchant/Processor/User22,02169,164-47,143-4,215-20.47%-9,33823th percentile
2025-07-08Sugar No. 11Producer/Merchant/Processor/User281,953263,952+18,001+3,9762.11%-2,01192th percentile
2025-07-08Lean HogsProducer/Merchant/Processor/User25,833162,291-136,458+3,473-37.70%-5,65915th 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
2025-07-08CHFLeveraged Funds6,8726,535+337+1,4070.46%-4,15194th percentile
2025-07-08VIXNon-Reportable25,91626,362-446-1,268-0.11%+1,06337th percentile
2025-07-08Cotton No. 2Non-Reportable11,22511,577-352-558-0.17%-9446th percentile