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CFTC Commitments of Traders · screener

COT screener: who is at an extreme?

Every market on this site, checked after every CFTC release for hedgers and funds at a 3-year COT Index extreme (90 or higher, 10 or lower) and for the fastest 6-week shifts. A filter for where to look, not a buy or sell signal.

For information and education only – the screener gives no trade recommendations and no investment advice.

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Positions as of Tue, Oct 27, 2026 · released Oct 30, 2026 · next update Fri, Nov 6, 2026

01

Extremes this week

16 of 53 markets · 4 new this week · strongest first

MarketSignalWeeksHedgers 3yFunds 3yHedgers 6wFunds 6w
HE Lean Hogs Bullish setup 12 100 0 ±0 −3
ZQ 30-Day Fed Funds Bearish setup 2 0 100 −26 +23
6E Euro FX Bullish setup 3 98 0 +30 −31
LBR Lumber Bullish setup 6 96 5 +5 −6
SB Sugar No. 11 Bearish setup 10 7 95 +7 −3
PL Platinum Hedgers max long 6 100 45 +11 −15
GC Gold Hedgers max long 2 100 39 +25 −26
6L Brazilian Real Hedgers max short New 1 7 59 −17 −22
6M Mexican Peso Hedgers max long 3 91 80 +50 −20
CL Crude Oil (WTI) Hedgers max long New 1 91 24 +14 −19
SI Silver Hedgers max long 2 91 21 +7 −17
ZO Oats Funds crowded long 3 25 100 −18 +33
6C Canadian Dollar Funds crowded short New 1 49 7 +16 −64
RB RBOB Gasoline Funds crowded long 6 40 92 +10 +9
SR3 3-Month SOFR Funds crowded short New 1 80 9 −17 +5
NG Natural Gas (Henry Hub) Funds crowded short 2 78 0 +7 −22

Weeks = consecutive reports the group has spent at the extreme. "New" = first week there. Hedgers are Dealers (financial futures) or Producers/Merchants (commodities); funds are Leveraged Funds or Managed Money.

02

Biggest 6-week shifts

Movement Index: change in the 3-year COT Index over six reports. ±40 counts as a surge.

  1. 6N New Zealand Dollar Hedgers +68 now 83
  2. 6C Canadian Dollar Funds −64 now 7
  3. ZW Chicago SRW Wheat Funds −51 now 36
  4. 6M Mexican Peso Hedgers +50 now 91
  5. PA Palladium Funds −44 now 17
  6. ZC Corn Funds −43 now 57
  7. RTY E-mini Russell 2000 Funds +36 now 51
  8. KE KC HRW Wheat Hedgers +36 now 39
03

All markets

Click a column heading to sort.

6A Australian Dollar Currencies – 69 98 +34 81 65 −11 100
6B British Pound Currencies – 85 66 +20 31 29 −2 70
6C Canadian Dollar Currencies Funds crowded short 49 47 +16 7 9 −64 33
6E Euro FX Currencies Bullish setup 98 100 +30 0 0 −31 100
6J Japanese Yen Currencies – 29 12 +8 65 73 −25 0
6L Brazilian Real Currencies Hedgers max short 7 27 −17 59 44 −22 100
6M Mexican Peso Currencies Hedgers max long 91 98 +50 80 47 −20 91
6N New Zealand Dollar Currencies – 83 80 +68 21 33 −40 78
6S Swiss Franc Currencies – 80 37 −14 20 0 −8 0
6Z South African Rand Currencies – 29 30 +10 80 100 +4 56
BTC Bitcoin Crypto – 40 0 −12 100† 100 +6 39
CC Cocoa Softs – 67 31 −5 11 66 −1 38
CL Crude Oil (WTI) Energy Hedgers max long 91 66 +14 24 0 −19 83
CT Cotton Softs – 27 92 +21 71 26 −24 100
DX U.S. Dollar Index Currencies – 17 38 −9 54 74 +16 32
ES E-mini S&P 500 Equity Index – 58 79 +14 35 49 −33 64
ETH Ether Crypto – 42 0 −19 81† 92 +17 90
GC Gold Metals Hedgers max long 100 99 +25 39 23 −26 75
GF Feeder Cattle Livestock – 46 31 −14 46 52 +17 50
HE Lean Hogs Livestock Bullish setup 100 100 ±0 0 0 −3 99
HG Copper Metals – 47 100 +32 67 0 −20 100
HO Heating Oil (NY Harbor ULSD) Energy – 51 32 +8 62 24 −5 77
KC Coffee Softs – 79 46 −5 14 36 −35 58
KE KC HRW Wheat Agriculture – 39 76 +36 61 7 −36 78
LBR Lumber Softs Bullish setup 96 99 +5 5 1 −6 100
LE Live Cattle Livestock – 63 77 −18 30 10 +6 83
NG Natural Gas (Henry Hub) Energy Funds crowded short 78 100 +7 0 0 −22 100
NIY Nikkei 225 (Yen) Equity Index – 48 72 +4 33 61 −1 90
NQ E-mini Nasdaq-100 Equity Index – 17 8 −5 86 100 +8 3
OJ Orange Juice Softs – 70 96 +8 29 13 −2 100
PA Palladium Metals – 75 100 +34 17 0 −44 100
PL Platinum Metals Hedgers max long 100 100 +11 45 0 −15 100
RB RBOB Gasoline Energy Funds crowded long 40 81 +10 92 82 +9 18
RTY E-mini Russell 2000 Equity Index – 72 6 −21 51 100 +36 35
SB Sugar No. 11 Softs Bearish setup 7 11 +7 95 94 −3 9
SI Silver Metals Hedgers max long 91 60 +7 21 0 −17 100
SR1 1-Month SOFR Interest Rates – 50 0 −25 50 100 +23 0
SR3 3-Month SOFR Interest Rates Funds crowded short 80 58 −17 9 25 +5 76
TN Ultra 10-Year T-Note Interest Rates – 13 37 −9 48† 87 +31 0
UB Ultra Treasury Bond Interest Rates – 72 87 +14 28† 60 +2 100
YM E-mini Dow ($5) Equity Index – 25 18 −7 56 85 +6 50
ZB Treasury Bond Interest Rates – 45 75 +9 100† 100 +9 0
ZC Corn Agriculture – 40 75 +36 57 32 −43 64
ZF 5-Year T-Note Interest Rates – 24 28 +1 86† 63 +6 31
ZL Soybean Oil Agriculture – 44 100 +26 61 0 −15 100
ZM Soybean Meal Agriculture – 13 24 +13 89 81 −11 23
ZN 10-Year T-Note Interest Rates – 15 31 +15 21† 1 −24 76
ZO Oats Agriculture Funds crowded long 25 36 −18 100 100 +33 19
ZQ 30-Day Fed Funds Interest Rates Bearish setup 0 0 −26 100 100 +23 0
ZR Rough Rice Agriculture – 19 3 −6 88 100 +12 5
ZS Soybeans Agriculture – 21 49 +13 84 69 −12 27
ZT 2-Year T-Note Interest Rates – 14 29 +10 87† 78 −8 30
ZW Chicago SRW Wheat Agriculture – 56 88 +37 36 3 −51 76

Shaded = 3-year extreme. Hedgers = Producers/Merchants (commodities) or Dealers (financial futures); funds = Managed Money or Leveraged Funds. Labels in financial futures carry less weight than in commodities. † Treasury, Bitcoin and Ether futures: the funds' reading is shown but not used (basis trade). WILLCO = 26-week index of commercial net position as a share of open interest (Legacy report). Source: CFTC, futures only.

04

How the screener works

COT Index. Where a group's net position (longs minus shorts) sits within its own range: 100 is the most net long of the past three years (156 weeks), 0 the most net short. It compares a market only with itself, so a small market and a large one can be read side by side.

Why hedgers and funds. In commodities, producers and merchants hedge physical business: they sell forward into rallies and cover after declines, so their position is usually largest near price extremes. Managed money tends to run with the trend and is most crowded when the trend is mature. That is why the screener reads hedgers with the market and funds against it. Financial futures work differently: Dealers are the banks on the sell side of client business, Leveraged Funds also run arbitrage trades, and the two are often on the same side of the market, with asset managers holding the other. In Treasury futures the Leveraged Funds' shorts largely reflect the basis trade (short futures, long bonds), so the screener does not use their reading there: in ZT, ZF, ZN, TN, ZB and UB only the dealers can trigger a label. Labels in the other financial futures carry less weight – see COT extremes explained.

Signals. Bullish setup: hedgers at 90+ and funds at 10 or below. Bearish setup: the mirror image. Mixed extremes: both groups at the same end of their range – the readings contradict each other, so no lean. Hedgers max long/short: only the hedgers are at an extreme. Funds crowded long/short: only the funds are – a contrarian warning rather than a trigger. Each market gets one label at most; the counts at the top overlap (a setup counts as a hedger and a fund extreme).

What it is not. Positioning can stay extreme for weeks or months while the trend continues. Traders use the screener to pick markets, then wait for price to confirm – a break of a recent swing, a moving-average turn – before acting. Educational only, not investment advice.

Learn more: COT extremes explained – every signal in detail · How to read the COT report · COT overview of all contracts