CFTC COT report for 9 December 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-12-09 | US 5Y | Leveraged Funds | 317,556 | 3,751,341 | -3,433,785 | -86,648 | -46,373 | 31th percentile |
| 2025-12-09 | US 2Y | Leveraged Funds | 500,332 | 2,629,466 | -2,129,134 | -66,718 | -51,544 | 19th percentile |
| 2025-12-09 | AUD | Leveraged Funds | 57,563 | 39,000 | +18,563 | +36,232 | +34,094 | 100th percentile |
| 2025-12-09 | JPY | Leveraged Funds | 43,313 | 132,007 | -88,694 | -27,219 | -31,080 | 2th percentile |
| 2025-12-09 | US 10Y | Leveraged Funds | 577,108 | 2,858,231 | -2,281,123 | -27,025 | +5,577 | 31th percentile |
| 2025-12-09 | Ultra Bond | Leveraged Funds | 82,442 | 729,132 | -646,690 | +23,998 | +40,532 | 21th percentile |
| 2025-12-09 | EUR | Leveraged Funds | 102,769 | 61,164 | +41,605 | +22,333 | +47,266 | 100th percentile |
| 2025-12-09 | Nasdaq-100 | Leveraged Funds | 76,097 | 97,403 | -21,306 | -18,266 | -38,925 | 54th 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 |
|---|---|---|---|---|---|---|---|---|
| 2025-12-09 | US 2Y | Asset Manager/Institutional | 2,635,979 | 485,135 | +2,150,844 | +54,865 | -40,038 | 65th percentile |
| 2025-12-09 | US 10Y | Asset Manager/Institutional | 3,000,483 | 929,853 | +2,070,630 | -48,456 | -72,731 | 44th percentile |
| 2025-12-09 | S&P 500 | Asset Manager/Institutional | 1,168,070 | 207,545 | +960,525 | +20,028 | +57,199 | 90th percentile |
| 2025-12-09 | CAD | Asset Manager/Institutional | 32,712 | 108,747 | -76,035 | +19,077 | +24,884 | 54th percentile |
| 2025-12-09 | Ultra Bond | Asset Manager/Institutional | 1,328,014 | 450,727 | +877,287 | -13,872 | -43,381 | 88th percentile |
| 2025-12-09 | EUR | Asset Manager/Institutional | 517,871 | 144,195 | +373,676 | +11,923 | +16,312 | 85th percentile |
| 2025-12-09 | GBP | Asset Manager/Institutional | 33,810 | 139,428 | -105,618 | +8,935 | +12,732 | 12th percentile |
| 2025-12-09 | US 5Y | Asset Manager/Institutional | 4,380,725 | 731,578 | +3,649,147 | -8,494 | -187,136 | 77th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-09 | WTI Crude Oil | Managed Money | 136,194 | 129,316 | 353,350 | +6,878 | +41,646 | 0.36% | +18,524 | 17th percentile |
| 2025-12-09 | Soybeans | Managed Money | 222,358 | 32,233 | 105,130 | +190,125 | -37,162 | 20.41% | -13,351 | 92th percentile |
| 2025-12-09 | Soybean Meal | Managed Money | 83,945 | 65,622 | 67,098 | +18,323 | -32,263 | 3.28% | -1,241 | 92th percentile |
| 2025-12-09 | Corn | Managed Money | 248,108 | 229,372 | 200,461 | +18,736 | -13,599 | 1.27% | +56,086 | 56th percentile |
| 2025-12-09 | RBOB Gasoline | Managed Money | 93,764 | 9,266 | 53,686 | +84,498 | -10,793 | 20.92% | +7,498 | 94th percentile |
| 2025-12-09 | Natural Gas | Managed Money | 155,952 | 187,043 | 555,182 | -31,091 | +8,882 | -2.00% | +21,729 | 54th percentile |
| 2025-12-09 | Sugar No. 11 | Managed Money | 109,702 | 285,661 | 127,688 | -175,959 | +7,900 | -18.67% | +30,839 | 12th percentile |
| 2025-12-09 | Copper | Managed Money | 80,015 | 9,531 | 27,956 | +70,484 | +7,025 | 28.10% | +7,200 | 100th 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-09 | Soybeans | Producer/Merchant/Processor/User | 252,820 | 564,790 | — | -311,970 | +25,436 | -33.49% | +12,851 | 10th percentile |
| 2025-12-09 | Soybean Meal | Producer/Merchant/Processor/User | 170,972 | 310,218 | — | -139,246 | +25,114 | -24.95% | +15,940 | 12th percentile |
| 2025-12-09 | WTI Crude Oil | Producer/Merchant/Processor/User | 618,580 | 366,397 | — | +252,183 | -21,069 | 13.50% | -19,135 | 35th percentile |
| 2025-12-09 | Corn | Producer/Merchant/Processor/User | 359,341 | 652,154 | — | -292,813 | +15,520 | -19.86% | -39,707 | 46th percentile |
| 2025-12-09 | Natural Gas | Producer/Merchant/Processor/User | 228,188 | 272,650 | — | -44,462 | -9,509 | -2.86% | -31,419 | 25th percentile |
| 2025-12-09 | Copper | Producer/Merchant/Processor/User | 18,842 | 109,001 | — | -90,159 | -8,673 | -35.94% | -6,024 | 2th percentile |
| 2025-12-09 | NY Harbor ULSD | Producer/Merchant/Processor/User | 88,588 | 187,529 | — | -98,941 | +7,916 | -27.50% | +15,021 | 38th percentile |
| 2025-12-09 | Soybean Oil | Producer/Merchant/Processor/User | 187,729 | 301,394 | — | -113,665 | +6,943 | -17.25% | -11,600 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-09 | AUD | Leveraged Funds | 57,563 | 39,000 | — | +18,563 | +36,232 | 6.25% | +34,094 | 100th percentile |
| 2025-12-09 | VIX | Asset Manager/Institutional | 64,210 | 64,454 | — | -244 | -5,117 | -0.05% | -9,372 | 17th percentile |
| 2025-12-09 | VIX | Other Reportables | 2,621 | 2,414 | — | +207 | +1,952 | 0.05% | +459 | 54th percentile |
| 2025-12-09 | VIX | Non-Reportable | 27,922 | 27,236 | — | +686 | +2,735 | 0.16% | +2,770 | 52th percentile |
| 2025-12-09 | WTI Crude Oil | Managed Money | 136,194 | 129,316 | 353,350 | +6,878 | +41,646 | 0.36% | +18,524 | 17th percentile |