CFTC COT report for 4 November 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-11-04 | US 10Y | Leveraged Funds | 493,775 | 2,789,803 | -2,296,028 | +63,357 | +20,735 | 23th percentile |
| 2025-11-04 | US 5Y | Leveraged Funds | 389,902 | 3,722,994 | -3,333,092 | -43,607 | -142,504 | 42th percentile |
| 2025-11-04 | S&P 500 | Leveraged Funds | 171,078 | 576,464 | -405,386 | +43,335 | +54,787 | 19th percentile |
| 2025-11-04 | US 2Y | Leveraged Funds | 498,987 | 2,606,558 | -2,107,571 | -20,225 | -34,283 | 35th percentile |
| 2025-11-04 | GBP | Leveraged Funds | 67,560 | 41,637 | +25,923 | -14,470 | -8,939 | 15th percentile |
| 2025-11-04 | CAD | Leveraged Funds | 25,088 | 98,033 | -72,945 | -13,937 | -25,203 | 31th percentile |
| 2025-11-04 | Ultra Bond | Leveraged Funds | 76,245 | 767,303 | -691,058 | -13,364 | -54,270 | 2th percentile |
| 2025-11-04 | EUR | Leveraged Funds | 98,873 | 93,691 | +5,182 | -12,161 | -16,203 | 40th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-11-04 | US 5Y | Asset Manager/Institutional | 4,421,629 | 701,171 | +3,720,458 | +44,906 | +100,256 | 92th percentile |
| 2025-11-04 | US 10Y | Asset Manager/Institutional | 3,110,382 | 986,911 | +2,123,471 | -42,741 | +78,406 | 67th percentile |
| 2025-11-04 | GBP | Asset Manager/Institutional | 20,332 | 136,006 | -115,674 | -34,561 | -69,608 | 2th percentile |
| 2025-11-04 | Ultra Bond | Asset Manager/Institutional | 1,419,508 | 515,925 | +903,583 | +20,281 | +123,267 | 100th percentile |
| 2025-11-04 | US 2Y | Asset Manager/Institutional | 2,762,459 | 563,822 | +2,198,637 | +15,144 | -21,366 | 75th percentile |
| 2025-11-04 | US Bond | Asset Manager/Institutional | 1,151,444 | 698,143 | +453,301 | +14,172 | -17,968 | 4th percentile |
| 2025-11-04 | EUR | Asset Manager/Institutional | 502,569 | 151,549 | +351,020 | -13,551 | -35,844 | 71th percentile |
| 2025-11-04 | JPY | Asset Manager/Institutional | 127,213 | 49,223 | +77,990 | -7,309 | +8,354 | 60th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-11-04 | Soybeans | Managed Money | 220,227 | 35,161 | 96,532 | +185,066 | +65,047 | 20.96% | +181,165 | 100th percentile |
| 2025-11-04 | Soybean Meal | Managed Money | 98,448 | 94,147 | 67,657 | +4,301 | +55,445 | 0.70% | +116,593 | 100th percentile |
| 2025-11-04 | Sugar No. 11 | Managed Money | 112,145 | 311,327 | 112,229 | -199,182 | -29,441 | -21.41% | -57,845 | 2th percentile |
| 2025-11-04 | Soybean Oil | Managed Money | 67,293 | 89,975 | 134,671 | -22,682 | -22,564 | -3.26% | -29,365 | 10th percentile |
| 2025-11-04 | Lean Hogs | Managed Money | 100,458 | 28,242 | 50,118 | +72,216 | -19,898 | 21.76% | -68,844 | 21th percentile |
| 2025-11-04 | Corn | Managed Money | 190,187 | 256,428 | 212,997 | -66,241 | +16,684 | -4.09% | +68,371 | 48th percentile |
| 2025-11-04 | WTI Crude Oil | Managed Money | 139,453 | 131,716 | 409,769 | +7,737 | +16,337 | 0.40% | +25,218 | 10th percentile |
| 2025-11-04 | RBOB Gasoline | Managed Money | 81,283 | 19,125 | 50,181 | +62,158 | +11,903 | 17.12% | +20,982 | 90th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-11-04 | Soybeans | Producer/Merchant/Processor/User | 214,147 | 524,048 | — | -309,901 | -56,875 | -35.10% | -167,868 | 2th percentile |
| 2025-11-04 | Soybean Meal | Producer/Merchant/Processor/User | 201,836 | 347,451 | — | -145,615 | -41,589 | -23.70% | -88,753 | 2th percentile |
| 2025-11-04 | Corn | Producer/Merchant/Processor/User | 429,940 | 648,540 | — | -218,600 | -24,299 | -13.51% | -108,843 | 56th percentile |
| 2025-11-04 | Soybean Oil | Producer/Merchant/Processor/User | 196,708 | 300,587 | — | -103,879 | +23,606 | -14.93% | +41,036 | 98th percentile |
| 2025-11-04 | WTI Crude Oil | Producer/Merchant/Processor/User | 636,221 | 359,005 | — | +277,216 | -20,630 | 14.40% | -17,068 | 65th percentile |
| 2025-11-04 | Sugar No. 11 | Producer/Merchant/Processor/User | 314,283 | 236,234 | — | +78,049 | +16,794 | 8.39% | +55,788 | 98th percentile |
| 2025-11-04 | Cotton No. 2 | Producer/Merchant/Processor/User | 73,384 | 70,394 | — | +2,990 | -14,251 | 0.98% | -19,633 | 75th percentile |
| 2025-11-04 | Lean Hogs | Producer/Merchant/Processor/User | 26,431 | 131,032 | — | -104,601 | +10,514 | -31.52% | +36,218 | 79th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-11-04 | JPY | Non-Reportable | 38,692 | 42,106 | — | -3,414 | -3,912 | -1.08% | -3,081 | 6th percentile |
| 2025-11-04 | Cocoa | Non-Reportable | 9,533 | 9,655 | — | -122 | -247 | -0.09% | +113 | 8th percentile |
| 2025-11-04 | Cotton No. 2 | Non-Reportable | 13,065 | 12,065 | — | +1,000 | +1,664 | 0.32% | +2,396 | 85th percentile |
| 2025-11-04 | Orange Juice | Producer/Merchant/Processor/User | 3,143 | 3,039 | — | +104 | +165 | 1.00% | +2,080 | 100th percentile |
| 2025-11-04 | Soybean Meal | Managed Money | 98,448 | 94,147 | 67,657 | +4,301 | +55,445 | 0.70% | +116,593 | 100th percentile |
| 2025-11-04 | Kansas City HRW Wheat | Non-Reportable | 19,537 | 20,467 | — | -930 | -1,049 | -0.29% | -3,587 | 58th percentile |
| 2025-11-04 | WTI Crude Oil | Managed Money | 139,453 | 131,716 | 409,769 | +7,737 | +16,337 | 0.40% | +25,218 | 10th percentile |
| 2025-11-04 | Palladium | Other Reportables | 2,389 | 2,231 | 337 | +158 | +194 | 0.80% | -1,012 | 12th percentile |