CFTC COT report for 9 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-09 | US 2Y | Leveraged Funds | 424,833 | 2,591,189 | -2,166,356 | -114,314 | -5,718 | 37th percentile |
| 2025-09-09 | US 10Y | Leveraged Funds | 432,190 | 2,851,260 | -2,419,070 | +108,870 | -88,918 | 6th percentile |
| 2025-09-09 | US 5Y | Leveraged Funds | 454,436 | 3,923,707 | -3,469,271 | +39,468 | -103,136 | 23th percentile |
| 2025-09-09 | S&P 500 | Leveraged Funds | 123,869 | 540,470 | -416,601 | -34,346 | -29,849 | 4th percentile |
| 2025-09-09 | VIX | Leveraged Funds | 80,461 | 165,670 | -85,209 | +18,863 | -4,228 | 8th percentile |
| 2025-09-09 | JPY | Leveraged Funds | 41,473 | 83,135 | -41,662 | +14,781 | -6,256 | 12th percentile |
| 2025-09-09 | US Bond | Leveraged Funds | 101,446 | 479,879 | -378,433 | +13,062 | -26,444 | 94th percentile |
| 2025-09-09 | Russell 2000 | Leveraged Funds | 73,705 | 160,786 | -87,081 | -10,133 | +27,415 | 10th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-09 | US 10Y | Asset Manager/Institutional | 3,065,281 | 813,192 | +2,252,089 | -210,464 | -58,841 | 90th percentile |
| 2025-09-09 | US 2Y | Asset Manager/Institutional | 2,797,339 | 501,065 | +2,296,274 | +131,957 | +38,603 | 94th percentile |
| 2025-09-09 | US 5Y | Asset Manager/Institutional | 4,392,119 | 747,813 | +3,644,306 | -97,805 | +4,560 | 87th percentile |
| 2025-09-09 | Ultra Bond | Asset Manager/Institutional | 1,306,482 | 515,296 | +791,186 | +60,017 | +90,933 | 100th percentile |
| 2025-09-09 | S&P 500 | Asset Manager/Institutional | 1,149,395 | 261,973 | +887,422 | +26,594 | +1,063 | 50th percentile |
| 2025-09-09 | US Bond | Asset Manager/Institutional | 1,144,020 | 571,954 | +572,066 | -19,298 | +57,932 | 77th percentile |
| 2025-09-09 | VIX | Asset Manager/Institutional | 77,908 | 75,077 | +2,831 | -18,424 | -22,523 | 29th percentile |
| 2025-09-09 | GBP | Asset Manager/Institutional | 39,774 | 110,081 | -70,307 | +11,083 | +1,663 | 10th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-09 | Sugar No. 11 | Managed Money | 111,048 | 255,934 | 109,206 | -144,886 | -44,324 | -15.17% | -57,846 | 2th percentile |
| 2025-09-09 | Soybeans | Managed Money | 93,311 | 106,693 | 108,741 | -13,382 | -24,798 | -1.54% | +12,841 | 50th percentile |
| 2025-09-09 | WTI Crude Oil | Managed Money | 130,574 | 120,572 | 448,122 | +10,002 | -17,321 | 0.51% | -38,863 | 2th percentile |
| 2025-09-09 | NY Harbor ULSD | Managed Money | 46,614 | 20,493 | 47,494 | +26,121 | -13,550 | 6.80% | -1,274 | 79th percentile |
| 2025-09-09 | Natural Gas | Managed Money | 225,888 | 250,640 | 580,987 | -24,752 | +12,010 | -1.51% | +25,981 | 58th percentile |
| 2025-09-09 | Lean Hogs | Managed Money | 142,288 | 11,185 | 57,045 | +131,103 | +11,767 | 35.10% | +25,272 | 94th percentile |
| 2025-09-09 | Soybean Oil | Managed Money | 67,436 | 63,022 | 116,990 | +4,414 | -10,508 | 0.69% | -40,576 | 21th percentile |
| 2025-09-09 | Chicago SRW Wheat | Managed Money | 91,990 | 185,277 | 94,609 | -93,287 | -10,011 | -20.67% | -1,413 | 23th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-09 | Sugar No. 11 | Producer/Merchant/Processor/User | 364,238 | 268,410 | — | +95,828 | +41,610 | 10.03% | +69,714 | 100th percentile |
| 2025-09-09 | Soybean Oil | Producer/Merchant/Processor/User | 152,601 | 297,805 | — | -145,204 | +9,377 | -22.98% | +34,323 | 79th percentile |
| 2025-09-09 | Soybean Meal | Producer/Merchant/Processor/User | 189,160 | 259,846 | — | -70,686 | -8,947 | -11.71% | -7,880 | 77th percentile |
| 2025-09-09 | Natural Gas | Producer/Merchant/Processor/User | 205,545 | 236,185 | — | -30,640 | -8,946 | -1.87% | -386 | 50th percentile |
| 2025-09-09 | Chicago SRW Wheat | Producer/Merchant/Processor/User | 88,420 | 68,437 | — | +19,983 | +7,550 | 4.42% | -186 | 75th percentile |
| 2025-09-09 | Gold | Producer/Merchant/Processor/User | 9,864 | 72,418 | — | -62,554 | -7,252 | -12.27% | -22,804 | 44th percentile |
| 2025-09-09 | NY Harbor ULSD | Producer/Merchant/Processor/User | 90,942 | 198,630 | — | -107,688 | +7,001 | -28.03% | -8,896 | 4th percentile |
| 2025-09-09 | Corn | Producer/Merchant/Processor/User | 417,502 | 554,288 | — | -136,786 | -5,835 | -9.25% | -85,623 | 71th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-09 | CHF | Leveraged Funds | 6,407 | 6,915 | — | -508 | -1,923 | -0.48% | +1,637 | 85th percentile |
| 2025-09-09 | NZD | Leveraged Funds | 12,116 | 13,990 | — | -1,874 | -2,159 | -2.61% | +2,316 | 75th percentile |
| 2025-09-09 | Ultra Bond | Non-Reportable | 179,163 | 183,827 | — | -4,664 | -5,294 | -0.22% | -15,509 | 17th percentile |
| 2025-09-09 | Orange Juice | Non-Reportable | 1,425 | 1,475 | — | -50 | -113 | -0.59% | +164 | 31th percentile |
| 2025-09-09 | Soybeans | Managed Money | 93,311 | 106,693 | 108,741 | -13,382 | -24,798 | -1.54% | +12,841 | 50th percentile |
| 2025-09-09 | Kansas City HRW Wheat | Non-Reportable | 18,979 | 18,665 | — | +314 | +771 | 0.10% | +2,175 | 85th percentile |
| 2025-09-09 | Chicago SRW Wheat | Non-Reportable | 32,927 | 32,765 | — | +162 | +227 | 0.03% | -860 | 52th percentile |