CFTC COT report for 30 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-30 | US 5Y | Leveraged Funds | 508,575 | 3,622,739 | -3,114,164 | +185,003 | +394,575 | 67th percentile |
| 2025-09-30 | US 2Y | Leveraged Funds | 526,509 | 2,525,104 | -1,998,595 | +84,855 | +53,447 | 60th percentile |
| 2025-09-30 | US 10Y | Leveraged Funds | 531,870 | 2,811,864 | -2,279,994 | +61,850 | +247,946 | 15th percentile |
| 2025-09-30 | Nasdaq-100 | Leveraged Funds | 61,911 | 63,535 | -1,624 | +24,460 | +17,006 | 92th percentile |
| 2025-09-30 | Ultra Bond | Leveraged Funds | 82,106 | 723,623 | -641,517 | +21,214 | -946 | 15th percentile |
| 2025-09-30 | Dow Jones | Leveraged Funds | 8,812 | 30,861 | -22,049 | -15,715 | -12,494 | 2th percentile |
| 2025-09-30 | S&P 500 | Leveraged Funds | 117,045 | 554,017 | -436,972 | +14,033 | -54,717 | 6th percentile |
| 2025-09-30 | VIX | Leveraged Funds | 59,800 | 141,005 | -81,205 | +11,689 | +22,867 | 15th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-09-30 | US 10Y | Asset Manager/Institutional | 3,028,291 | 953,190 | +2,075,101 | -101,707 | -387,452 | 63th percentile |
| 2025-09-30 | US 5Y | Asset Manager/Institutional | 4,178,374 | 637,516 | +3,540,858 | -63,925 | -201,253 | 71th percentile |
| 2025-09-30 | US 2Y | Asset Manager/Institutional | 2,692,558 | 473,137 | +2,219,421 | -26,063 | +55,104 | 77th percentile |
| 2025-09-30 | S&P 500 | Asset Manager/Institutional | 1,154,937 | 219,143 | +935,794 | +22,242 | +74,966 | 69th percentile |
| 2025-09-30 | US Bond | Asset Manager/Institutional | 1,137,024 | 637,772 | +499,252 | +20,073 | -92,112 | 13th percentile |
| 2025-09-30 | NZD | Asset Manager/Institutional | 7,252 | 41,882 | -34,630 | -16,209 | -29,503 | 31th percentile |
| 2025-09-30 | GBP | Asset Manager/Institutional | 42,143 | 99,110 | -56,967 | -12,058 | +24,423 | 35th percentile |
| 2025-09-30 | CAD | Asset Manager/Institutional | 34,499 | 106,357 | -71,858 | -10,583 | -6,826 | 58th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-30 | Corn | Managed Money | 179,951 | 309,308 | 228,334 | -129,357 | -32,034 | -8.34% | -34,160 | 23th percentile |
| 2025-09-30 | Natural Gas | Managed Money | 223,124 | 254,290 | 615,086 | -31,166 | +32,010 | -1.87% | +5,596 | 52th percentile |
| 2025-09-30 | Soybean Meal | Managed Money | 62,777 | 174,247 | 104,447 | -111,470 | -18,608 | -17.12% | -26,547 | 13th percentile |
| 2025-09-30 | Gold | Managed Money | 184,199 | 38,972 | 31,094 | +145,227 | -15,322 | 29.41% | -16,275 | 38th percentile |
| 2025-09-30 | Sugar No. 11 | Managed Money | 120,535 | 256,633 | 75,692 | -136,098 | +14,809 | -15.83% | -35,536 | 6th percentile |
| 2025-09-30 | WTI Crude Oil | Managed Money | 118,270 | 104,217 | 454,252 | +14,053 | -12,430 | 0.70% | -13,270 | 4th percentile |
| 2025-09-30 | NY Harbor ULSD | Managed Money | 54,647 | 21,880 | 42,531 | +32,767 | +10,947 | 8.10% | -6,904 | 88th percentile |
| 2025-09-30 | Live Cattle | Managed Money | 142,518 | 30,087 | 39,965 | +112,431 | -8,639 | 29.93% | -14,099 | 21th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-30 | Corn | Producer/Merchant/Processor/User | 440,265 | 558,986 | — | -118,721 | +30,065 | -7.65% | +12,230 | 79th percentile |
| 2025-09-30 | Sugar No. 11 | Producer/Merchant/Processor/User | 312,370 | 289,582 | — | +22,788 | -24,493 | 2.65% | -31,430 | 79th percentile |
| 2025-09-30 | Soybeans | Producer/Merchant/Processor/User | 345,736 | 446,102 | — | -100,366 | +18,068 | -10.76% | +23,780 | 54th percentile |
| 2025-09-30 | Soybean Meal | Producer/Merchant/Processor/User | 202,451 | 258,081 | — | -55,630 | +15,571 | -8.54% | +6,109 | 88th percentile |
| 2025-09-30 | WTI Crude Oil | Producer/Merchant/Processor/User | 679,945 | 406,284 | — | +273,661 | -10,051 | 13.63% | -26,075 | 73th percentile |
| 2025-09-30 | Copper | Producer/Merchant/Processor/User | 23,513 | 85,557 | — | -62,044 | -6,936 | -26.89% | -13,973 | 6th percentile |
| 2025-09-30 | Cotton No. 2 | Producer/Merchant/Processor/User | 72,620 | 60,931 | — | +11,689 | +6,840 | 4.20% | +7,231 | 98th percentile |
| 2025-09-30 | NY Harbor ULSD | Producer/Merchant/Processor/User | 107,269 | 214,555 | — | -107,286 | -5,914 | -26.52% | +7,403 | 6th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-30 | Dow Jones | Non-Reportable | 11,702 | 10,617 | — | +1,085 | +1,269 | 1.37% | +2,089 | 42th percentile |
| 2025-09-30 | CHF | Leveraged Funds | 7,341 | 7,306 | — | +35 | +742 | 0.04% | -1,380 | 87th percentile |
| 2025-09-30 | JPY | Non-Reportable | 37,613 | 38,333 | — | -720 | -4,459 | -0.23% | -3,718 | 23th percentile |
| 2025-09-30 | NZD | Leveraged Funds | 24,477 | 17,612 | — | +6,865 | +9,715 | 9.99% | +6,580 | 92th percentile |
| 2025-09-30 | VIX | Asset Manager/Institutional | 81,640 | 83,051 | — | -1,411 | -8,998 | -0.29% | -22,666 | 19th percentile |
| 2025-09-30 | VIX | Other Reportables | 1,886 | 1,574 | — | +312 | +2,004 | 0.06% | +4,515 | 37th percentile |
| 2025-09-30 | Soybean Oil | Managed Money | 68,733 | 69,440 | 105,411 | -707 | -2,517 | -0.11% | -15,629 | 15th percentile |
| 2025-09-30 | Kansas City HRW Wheat | Non-Reportable | 19,345 | 18,958 | — | +387 | +637 | 0.12% | +844 | 85th percentile |