CFTC COT report for 12 August 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
2025-08-12US 10YLeveraged Funds371,2262,701,378-2,330,152-83,613-356,5652th percentile
2025-08-12S&P 500Leveraged Funds132,581519,333-386,752-61,509-41,9426th percentile
2025-08-12US 5YLeveraged Funds558,7083,924,843-3,366,135-51,682+112,61931th percentile
2025-08-12US 2YLeveraged Funds393,3862,554,024-2,160,638-45,639-135,96842th percentile
2025-08-12US BondLeveraged Funds92,595444,584-351,989+30,189+90,918100th percentile
2025-08-12Ultra BondLeveraged Funds79,164657,209-578,045-18,615-55,53729th percentile
2025-08-12JPYLeveraged Funds38,07573,481-35,406-13,756-32,04713th percentile
2025-08-12GBPLeveraged Funds63,20435,835+27,369-12,603-20,1546th 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
2025-08-12US 10YAsset Manager/Institutional3,113,068802,138+2,310,930+99,543+176,776100th percentile
2025-08-12US 2YAsset Manager/Institutional2,762,862505,191+2,257,671-49,281+23,97488th percentile
2025-08-12S&P 500Asset Manager/Institutional1,152,260265,901+886,359+37,378+20,04042th percentile
2025-08-12US 5YAsset Manager/Institutional4,413,736773,990+3,639,746+28,192-75,86692th percentile
2025-08-12EURAsset Manager/Institutional499,181131,743+367,438+20,013+6,72298th percentile
2025-08-12US BondAsset Manager/Institutional1,118,801604,667+514,134+19,539-32,25925th percentile
2025-08-12Ultra BondAsset Manager/Institutional1,282,516582,263+700,253+17,448+53,60763th percentile
2025-08-12GBPAsset Manager/Institutional43,681115,651-71,970+11,355-44,8094th 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
2025-08-12WTI Crude OilManaged Money144,00495,139450,697+48,865-32,4722.42%-42,9044th percentile
2025-08-12SoybeansManaged Money99,633125,856132,992-26,223+27,371-2.97%-9,03142th percentile
2025-08-12Natural GasManaged Money221,131271,864539,826-50,733-23,064-3.13%-31,34640th percentile
2025-08-12Soybean MealManaged Money46,929156,51394,570-109,584+21,693-16.46%+15,85213th percentile
2025-08-12Sugar No. 11Managed Money126,582213,622100,855-87,040+18,720-9.68%+3,62013th percentile
2025-08-12Chicago SRW WheatManaged Money92,728184,60281,296-91,874-8,917-18.84%-28,84021th percentile
2025-08-12Soybean OilManaged Money87,22042,230106,050+44,990-8,7247.31%+3,36971th percentile
2025-08-12CopperManaged Money39,84814,68025,725+25,168+6,91912.98%-14,13573th 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
2025-08-12Soybean MealProducer/Merchant/Processor/User223,125285,931-62,806-19,765-9.43%-9,60687th percentile
2025-08-12SoybeansProducer/Merchant/Processor/User300,312396,628-96,316-18,268-10.94%+19,87944th percentile
2025-08-12Sugar No. 11Producer/Merchant/Processor/User311,860285,746+26,114-13,9372.90%+10,35894th percentile
2025-08-12WTI Crude OilProducer/Merchant/Processor/User673,419373,507+299,912+11,44014.91%-3,50798th percentile
2025-08-12Kansas City HRW WheatProducer/Merchant/Processor/User58,07991,194-33,115-7,901-11.85%-5,31369th percentile
2025-08-12Chicago SRW WheatProducer/Merchant/Processor/User94,56474,395+20,169+6,6754.13%+17,52579th percentile
2025-08-12CornProducer/Merchant/Processor/User440,487491,650-51,163+6,620-3.30%+12,02594th percentile
2025-08-12Coffee CProducer/Merchant/Processor/User30,93959,481-28,542-6,451-19.50%-5,90271th 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
2025-08-12Dow JonesOther Reportables10200-190-205-0.21%+1,26290th percentile
2025-08-12JPYNon-Reportable35,17235,511-339-5,674-0.09%-7,60325th percentile
2025-08-12Ultra BondNon-Reportable185,310174,465+10,845+25,5650.53%+20,90842th percentile
2025-08-12Coffee CSwap Dealer22,56321,0993,692+1,464+9,1911.00%+10,795100th percentile
2025-08-12Cotton No. 2Producer/Merchant/Processor/User53,05251,668+1,384+6,3430.57%+18,23388th percentile
2025-08-12Sugar No. 11Non-Reportable72,13367,629+4,504+17,0610.50%+17,80448th percentile
2025-08-12Chicago SRW WheatNon-Reportable38,42137,399+1,022+3,3270.20%+6,60060th percentile