CFTC COT report for 16 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-16 | US 5Y | Leveraged Funds | 497,666 | 3,818,579 | -3,320,913 | +148,358 | +28,704 | 42th percentile |
| 2025-09-16 | S&P 500 | Leveraged Funds | 120,980 | 595,966 | -474,986 | -58,385 | -109,645 | 2th percentile |
| 2025-09-16 | US 2Y | Leveraged Funds | 432,113 | 2,625,627 | -2,193,514 | -27,158 | -108,220 | 35th percentile |
| 2025-09-16 | Ultra Bond | Leveraged Funds | 89,318 | 751,115 | -661,797 | -18,239 | -45,416 | 10th percentile |
| 2025-09-16 | US 10Y | Leveraged Funds | 517,136 | 2,920,409 | -2,403,273 | +15,797 | +13,687 | 10th percentile |
| 2025-09-16 | US Bond | Leveraged Funds | 95,725 | 462,275 | -366,550 | +11,883 | -16,604 | 94th percentile |
| 2025-09-16 | JPY | Leveraged Funds | 39,642 | 90,432 | -50,790 | -9,128 | -7,436 | 8th percentile |
| 2025-09-16 | EUR | Leveraged Funds | 108,039 | 81,802 | +26,237 | -6,375 | -6,989 | 75th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-16 | US Bond | Asset Manager/Institutional | 1,132,760 | 628,501 | +504,259 | -67,807 | -22,856 | 13th percentile |
| 2025-09-16 | US 5Y | Asset Manager/Institutional | 4,271,194 | 680,589 | +3,590,605 | -53,701 | -82,427 | 77th percentile |
| 2025-09-16 | AUD | Asset Manager/Institutional | 43,023 | 83,465 | -40,442 | +28,019 | +33,333 | 33th percentile |
| 2025-09-16 | GBP | Asset Manager/Institutional | 49,080 | 92,078 | -42,998 | +27,309 | +24,143 | 46th percentile |
| 2025-09-16 | Ultra Bond | Asset Manager/Institutional | 1,337,742 | 522,938 | +814,804 | +23,618 | +53,086 | 100th percentile |
| 2025-09-16 | JPY | Asset Manager/Institutional | 102,125 | 32,025 | +70,100 | -15,753 | +533 | 52th percentile |
| 2025-09-16 | US 10Y | Asset Manager/Institutional | 3,065,636 | 829,261 | +2,236,375 | -15,714 | -193,292 | 88th percentile |
| 2025-09-16 | US 2Y | Asset Manager/Institutional | 2,778,890 | 468,291 | +2,310,599 | +14,325 | +67,648 | 96th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-16 | WTI Crude Oil | Managed Money | 138,586 | 101,787 | 447,017 | +36,799 | +26,797 | 1.87% | +9,354 | 10th percentile |
| 2025-09-16 | Sugar No. 11 | Managed Money | 119,068 | 245,338 | 87,623 | -126,270 | +18,616 | -13.74% | -36,336 | 4th percentile |
| 2025-09-16 | Corn | Managed Money | 217,894 | 299,391 | 224,154 | -81,497 | +18,096 | -5.32% | +33,140 | 40th percentile |
| 2025-09-16 | Soybeans | Managed Money | 105,484 | 105,296 | 111,963 | +188 | +13,570 | 0.02% | +1,941 | 56th percentile |
| 2025-09-16 | Soybean Oil | Managed Money | 75,029 | 57,116 | 122,023 | +17,913 | +13,499 | 2.79% | -14,964 | 31th percentile |
| 2025-09-16 | Cotton No. 2 | Managed Money | 35,128 | 95,408 | 31,782 | -60,280 | +9,268 | -23.31% | -3,467 | 23th percentile |
| 2025-09-16 | Lean Hogs | Managed Money | 152,934 | 12,633 | 56,406 | +140,301 | +9,198 | 36.61% | +37,707 | 100th percentile |
| 2025-09-16 | Chicago SRW Wheat | Managed Money | 94,296 | 180,095 | 108,801 | -85,799 | +7,488 | -18.71% | +14,367 | 42th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-16 | Sugar No. 11 | Producer/Merchant/Processor/User | 342,513 | 301,539 | — | +40,974 | -54,854 | 4.46% | +10,107 | 96th percentile |
| 2025-09-16 | Corn | Producer/Merchant/Processor/User | 415,020 | 571,856 | — | -156,836 | -20,050 | -10.25% | -78,107 | 71th percentile |
| 2025-09-16 | Natural Gas | Producer/Merchant/Processor/User | 211,918 | 225,574 | — | -13,656 | +16,984 | -0.83% | +4,115 | 85th percentile |
| 2025-09-16 | Soybeans | Producer/Merchant/Processor/User | 333,805 | 467,640 | — | -133,835 | -13,494 | -14.94% | -7,139 | 31th percentile |
| 2025-09-16 | Soybean Oil | Producer/Merchant/Processor/User | 152,853 | 310,449 | — | -157,596 | -12,392 | -24.56% | +2,755 | 65th percentile |
| 2025-09-16 | WTI Crude Oil | Producer/Merchant/Processor/User | 643,865 | 351,124 | — | +292,741 | -8,659 | 14.91% | -5,053 | 85th percentile |
| 2025-09-16 | Chicago SRW Wheat | Producer/Merchant/Processor/User | 82,916 | 71,184 | — | +11,732 | -8,251 | 2.55% | -11,999 | 52th percentile |
| 2025-09-16 | Cotton No. 2 | Producer/Merchant/Processor/User | 63,510 | 62,205 | — | +1,305 | -7,921 | 0.50% | +8,242 | 85th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-16 | Dow Jones | Non-Reportable | 12,521 | 11,595 | — | +926 | +1,614 | 0.94% | +1,192 | 38th percentile |
| 2025-09-16 | Bitcoin | Other Reportables | 2,967 | 2,948 | — | +19 | +683 | 0.06% | +1,192 | 44th percentile |
| 2025-09-16 | Ultra Bond | Non-Reportable | 180,682 | 176,690 | — | +3,992 | +8,656 | 0.19% | -7,755 | 44th percentile |
| 2025-09-16 | Cotton No. 2 | Non-Reportable | 12,948 | 12,900 | — | +48 | +1,502 | 0.01% | +269 | 52th percentile |
| 2025-09-16 | Orange Juice | Non-Reportable | 1,478 | 1,362 | — | +116 | +166 | 1.40% | +115 | 38th percentile |
| 2025-09-16 | Soybeans | Managed Money | 105,484 | 105,296 | 111,963 | +188 | +13,570 | 0.02% | +1,941 | 56th percentile |
| 2025-09-16 | Chicago SRW Wheat | Non-Reportable | 30,903 | 31,844 | — | -941 | -1,103 | -0.20% | -2,220 | 44th percentile |