COT Report Breakdown: 29 September 2026 Positioning Changes

Latest CFTC Commitments of Traders report for 29 September 2026: managed money, asset manager and leveraged fund positioning changes across 19 futures markets, from the S&P 500 and Nasdaq to gold, crude oil, silver, copper.

Net position is longs minus shorts. Week-on-week change uses the CFTC's own change columns from the same file. No price targets, no narrative: just what the reportable categories actually did.

Jump to a contract: ES · NQ · GC · CL · 6E · 6J · ZN · BTC · SI · HG · PL · NG · ZC · ZW · ZS · SB · KC · CC · CT

Financial futures COT: Asset Managers and Leveraged Funds

Commodities COT: Managed Money and Swap Dealer positioning

E-Mini S&P 500 (ES) COT: Leveraged Funds net short 374,007

Leveraged Funds: net short 374,007 (+1,609 w/w, added longs / cut shorts). Asset Managers: net long 906,259 (-30,412 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

E-Mini Nasdaq 100 (NQ) COT: Leveraged Funds net short 24,723

Leveraged Funds: net short 24,723 (+5,960 w/w, added longs / cut shorts). Asset Managers: net long 69,744 (-2,476 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Gold (GC) COT: Managed Money net long 120,318

Managed Money: net long 120,318 (-7,071 w/w, cut longs / added shorts). Swap Dealers (proxy): net short 229,704 (+6,422 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Crude Oil (CL) COT: Managed Money net long 79,592

Managed Money: net long 79,592 (-22,236 w/w, cut longs / added shorts). Swap Dealers (proxy): net short 462,157 (+10,632 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Euro FX (6E) COT: Leveraged Funds net short 39,265

Leveraged Funds: net short 39,265 (-12,571 w/w, cut longs / added shorts). Asset Managers: net long 220,603 (+4,120 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Japanese Yen (6J) COT: Leveraged Funds net short 14,161

Leveraged Funds: net short 14,161 (-21,584 w/w, cut longs / added shorts). Asset Managers: net long 51,634 (+10,005 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

10Y T-Note (ZN) COT: Leveraged Funds net short 2,036,432

Leveraged Funds: net short 2,036,432 (-109,485 w/w, cut longs / added shorts). Asset Managers: net long 2,776,531 (+245,147 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Bitcoin (BTC) COT: Leveraged Funds net short 6,856

Leveraged Funds: net short 6,856 (+1,097 w/w, added longs / cut shorts). Asset Managers: net long 3,586 (+415 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Silver (SI) COT: Managed Money net long 7,614

Managed Money: net long 7,614 (-5,695 w/w, cut longs / added shorts). Swap Dealers (proxy): net short 23,498 (+2,744 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Copper (HG) COT: Managed Money net long 78,058

Managed Money: net long 78,058 (-4,464 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 9,499 (-2,641 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Platinum (PL) COT: Managed Money net long 8,256

Managed Money: net long 8,256 (-1,672 w/w, cut longs / added shorts). Swap Dealers (proxy): net short 7,825 (+177 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Natural Gas (NG) COT: Managed Money net short 132,799

Managed Money: net short 132,799 (-67,252 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 227,587 (+343 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Corn (ZC) COT: Managed Money net long 381,220

Managed Money: net long 381,220 (-22,877 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 284,477 (-14,195 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Wheat (SRW) (ZW) COT: Managed Money net short 22,109

Managed Money: net short 22,109 (-10,093 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 70,646 (-1,186 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Soybeans (ZS) COT: Managed Money net long 246,558

Managed Money: net long 246,558 (-18,601 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 58,170 (-6,526 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Sugar No. 11 (SB) COT: Managed Money net long 218,336

Managed Money: net long 218,336 (+1,707 w/w, added longs / cut shorts). Swap Dealers (proxy): net long 122,437 (-607 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Coffee C (KC) COT: Managed Money net long 16,206

Managed Money: net long 16,206 (+400 w/w, added longs / cut shorts). Swap Dealers (proxy): net long 1,495 (+336 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Cocoa (CC) COT: Managed Money net short 16,022

Managed Money: net short 16,022 (+384 w/w, added longs / cut shorts). Swap Dealers (proxy): net long 26,289 (-1,467 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Cotton No. 2 (CT) COT: Managed Money net long 67,837

Managed Money: net long 67,837 (-8,345 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 43,673 (+1,872 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 29 September 2026.

Reading notes

• Index, currency, rate and Bitcoin lines come from the CFTC Traders in Financial Futures (TFF) report (Asset Managers, Leveraged Funds).
• Physical commodities (gold, crude oil, metals, energy, grains and softs) come from the Disaggregated report. There is no Asset Manager category for physical commodities, so Swap Dealers is shown as the institutional proxy and Managed Money is the speculative side.
• The legacy COT format splits traders into commercial and non-commercial positioning. The current CFTC categories used here are more granular: non-commercial speculators map broadly to Leveraged Funds and Managed Money, while Swap Dealers and commercial hedgers sit on the other side of the ledger.
• A net long figure on its own is not a signal. Look at the change versus the prior week, the trend over several weeks, and the size relative to open interest before drawing any conclusion.

Source: CFTC weekly Commitments of Traders reports. Figures are generated directly from the CFTC data files.