CFTC COT report for 2 September 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-02 | US 5Y | Leveraged Funds | 491,730 | 4,000,469 | -3,508,739 | -220,529 | -194,286 | 10th percentile |
| 2025-09-02 | US Bond | Leveraged Funds | 78,290 | 469,785 | -391,495 | -57,769 | -9,317 | 92th percentile |
| 2025-09-02 | US 2Y | Leveraged Funds | 408,375 | 2,460,417 | -2,052,042 | -41,742 | +62,957 | 52th percentile |
| 2025-09-02 | S&P 500 | Leveraged Funds | 133,854 | 516,109 | -382,255 | +38,300 | -57,012 | 10th percentile |
| 2025-09-02 | Ultra Bond | Leveraged Funds | 73,329 | 713,900 | -640,571 | -15,430 | -81,141 | 17th percentile |
| 2025-09-02 | JPY | Leveraged Funds | 37,470 | 93,913 | -56,443 | -15,055 | -34,793 | 2th percentile |
| 2025-09-02 | CAD | Leveraged Funds | 14,546 | 58,575 | -44,029 | -7,886 | -14,137 | 65th percentile |
| 2025-09-02 | US 10Y | Leveraged Funds | 348,005 | 2,875,945 | -2,527,940 | +6,676 | -281,401 | 4th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-02 | US 2Y | Asset Manager/Institutional | 2,700,908 | 536,591 | +2,164,317 | +92,856 | -142,635 | 75th percentile |
| 2025-09-02 | US Bond | Asset Manager/Institutional | 1,135,270 | 543,906 | +591,364 | +55,098 | +96,769 | 87th percentile |
| 2025-09-02 | Ultra Bond | Asset Manager/Institutional | 1,268,298 | 537,129 | +731,169 | -16,223 | +48,364 | 85th percentile |
| 2025-09-02 | AUD | Asset Manager/Institutional | 41,179 | 107,319 | -66,140 | +13,011 | -4,658 | 8th percentile |
| 2025-09-02 | S&P 500 | Asset Manager/Institutional | 1,123,696 | 262,868 | +860,828 | -10,452 | +11,847 | 33th percentile |
| 2025-09-02 | US 5Y | Asset Manager/Institutional | 4,507,357 | 765,246 | +3,742,111 | -8,637 | +130,557 | 96th percentile |
| 2025-09-02 | VIX | Asset Manager/Institutional | 85,252 | 63,997 | +21,255 | -8,581 | -714 | 73th percentile |
| 2025-09-02 | GBP | Asset Manager/Institutional | 34,002 | 115,392 | -81,390 | -6,652 | +1,935 | 4th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-02 | Soybean Meal | Managed Money | 59,948 | 144,871 | 81,929 | -84,923 | -23,130 | -14.57% | +46,354 | 42th percentile |
| 2025-09-02 | Gold | Managed Money | 196,127 | 34,625 | 29,736 | +161,502 | +19,585 | 32.76% | +7,515 | 46th percentile |
| 2025-09-02 | Corn | Managed Money | 238,659 | 333,856 | 186,669 | -95,197 | +15,738 | -6.54% | +40,649 | 37th percentile |
| 2025-09-02 | Soybean Oil | Managed Money | 73,377 | 58,455 | 112,669 | +14,922 | -13,381 | 2.45% | -38,792 | 31th percentile |
| 2025-09-02 | Lean Hogs | Managed Money | 131,945 | 12,609 | 60,980 | +119,336 | +10,270 | 32.79% | +15,207 | 81th percentile |
| 2025-09-02 | Sugar No. 11 | Managed Money | 120,928 | 221,490 | 112,863 | -100,562 | -8,316 | -10.69% | +5,198 | 6th percentile |
| 2025-09-02 | RBOB Gasoline | Managed Money | 63,559 | 18,241 | 34,118 | +45,318 | +7,853 | 14.16% | +25,960 | 65th percentile |
| 2025-09-02 | Soybeans | Managed Money | 101,829 | 90,413 | 118,957 | +11,416 | -7,729 | 1.32% | +65,010 | 62th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-02 | Sugar No. 11 | Producer/Merchant/Processor/User | 341,190 | 286,972 | — | +54,218 | +20,150 | 5.76% | +14,167 | 100th percentile |
| 2025-09-02 | Soybean Meal | Producer/Merchant/Processor/User | 188,599 | 250,338 | — | -61,739 | +18,058 | -10.59% | -18,698 | 87th percentile |
| 2025-09-02 | Corn | Producer/Merchant/Processor/User | 410,891 | 541,842 | — | -130,951 | -14,524 | -9.00% | -73,168 | 75th percentile |
| 2025-09-02 | Gold | Producer/Merchant/Processor/User | 8,209 | 63,511 | — | -55,302 | -12,974 | -11.21% | -21,285 | 60th percentile |
| 2025-09-02 | Cotton No. 2 | Producer/Merchant/Processor/User | 61,365 | 56,907 | — | +4,458 | +9,318 | 1.75% | +9,417 | 90th percentile |
| 2025-09-02 | Soybean Oil | Producer/Merchant/Processor/User | 140,407 | 294,988 | — | -154,581 | +8,609 | -25.47% | +27,455 | 65th percentile |
| 2025-09-02 | NY Harbor ULSD | Producer/Merchant/Processor/User | 72,669 | 187,358 | — | -114,689 | -8,391 | -31.43% | -20,459 | 2th percentile |
| 2025-09-02 | Lean Hogs | Producer/Merchant/Processor/User | 23,430 | 154,111 | — | -130,681 | -7,164 | -35.90% | -8,321 | 21th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-02 | Dow Jones | Non-Reportable | 10,758 | 11,762 | — | -1,004 | -1,260 | -1.22% | -3,298 | 25th percentile |
| 2025-09-02 | AUD | Non-Reportable | 24,268 | 20,699 | — | +3,569 | +4,264 | 1.92% | +2,554 | 69th percentile |
| 2025-09-02 | NZD | Leveraged Funds | 13,816 | 13,531 | — | +285 | +510 | 0.51% | +7,063 | 79th percentile |
| 2025-09-02 | NZD | Other Reportables | 1,100 | 1,009 | — | +91 | +546 | 0.16% | -456 | 48th percentile |
| 2025-09-02 | Ultra Bond | Non-Reportable | 183,916 | 183,286 | — | +630 | +2,404 | 0.03% | +15,350 | 31th percentile |
| 2025-09-02 | Cotton No. 2 | Non-Reportable | 12,788 | 13,544 | — | -756 | -828 | -0.29% | +1,104 | 33th percentile |
| 2025-09-02 | Cotton No. 2 | Producer/Merchant/Processor/User | 61,365 | 56,907 | — | +4,458 | +9,318 | 1.75% | +9,417 | 90th percentile |
| 2025-09-02 | Soybeans | Other Reportables | 55,523 | 45,519 | 52,896 | +10,004 | +10,960 | 1.15% | -4,430 | 69th percentile |
| 2025-09-02 | Kansas City HRW Wheat | Non-Reportable | 19,035 | 19,492 | — | -457 | -510 | -0.16% | +2,686 | 81th percentile |
| 2025-09-02 | Chicago SRW Wheat | Non-Reportable | 32,467 | 32,532 | — | -65 | -164 | -0.01% | +2,240 | 50th percentile |
| 2025-09-02 | RBOB Gasoline | Other Reportables | 19,965 | 23,977 | 21,171 | -4,012 | -5,889 | -1.25% | -18,807 | 8th percentile |