COT Report Breakdown: 8 September 2026 Positioning Changes

Latest CFTC Commitments of Traders report for 8 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 362,087

Leveraged Funds: net short 362,087 (-27,650 w/w, cut longs / added shorts). Asset Managers: net long 914,443 (-21,868 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

E-Mini Nasdaq 100 (NQ) COT: Leveraged Funds net short 31,872

Leveraged Funds: net short 31,872 (-17,780 w/w, cut longs / added shorts). Asset Managers: net long 75,526 (+3,649 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Gold (GC) COT: Managed Money net long 134,972

Managed Money: net long 134,972 (-1,799 w/w, cut longs / added shorts). Swap Dealers (proxy): net short 239,313 (-5,884 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Crude Oil (CL) COT: Managed Money net long 111,731

Managed Money: net long 111,731 (+17,450 w/w, added longs / cut shorts). Swap Dealers (proxy): net short 475,101 (-9,694 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Euro FX (6E) COT: Leveraged Funds net short 33,285

Leveraged Funds: net short 33,285 (+4,888 w/w, added longs / cut shorts). Asset Managers: net long 250,678 (-12,575 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Japanese Yen (6J) COT: Leveraged Funds net short 49,098

Leveraged Funds: net short 49,098 (+53,090 w/w, added longs / cut shorts). Asset Managers: net short 570 (+23,951 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

10Y T-Note (ZN) COT: Leveraged Funds net short 1,938,754

Leveraged Funds: net short 1,938,754 (+123,748 w/w, added longs / cut shorts). Asset Managers: net long 2,561,681 (-42,532 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Bitcoin (BTC) COT: Leveraged Funds net short 7,892

Leveraged Funds: net short 7,892 (-272 w/w, cut longs / added shorts). Asset Managers: net long 3,743 (+45 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Silver (SI) COT: Managed Money net long 14,386

Managed Money: net long 14,386 (+1,788 w/w, added longs / cut shorts). Swap Dealers (proxy): net short 27,391 (+1,214 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Copper (HG) COT: Managed Money net long 82,154

Managed Money: net long 82,154 (+9,272 w/w, added longs / cut shorts). Swap Dealers (proxy): net long 7,221 (+2,306 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Platinum (PL) COT: Managed Money net long 9,787

Managed Money: net long 9,787 (+1,102 w/w, added longs / cut shorts). Swap Dealers (proxy): net short 7,505 (-416 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Natural Gas (NG) COT: Managed Money net short 96,742

Managed Money: net short 96,742 (-7,261 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 216,391 (+5,910 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Corn (ZC) COT: Managed Money net long 414,459

Managed Money: net long 414,459 (+13,456 w/w, added longs / cut shorts). Swap Dealers (proxy): net long 310,311 (-13,011 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Wheat (SRW) (ZW) COT: Managed Money net long 4,873

Managed Money: net long 4,873 (-10,031 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 71,245 (-7,425 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Soybeans (ZS) COT: Managed Money net long 257,258

Managed Money: net long 257,258 (+22,338 w/w, added longs / cut shorts). Swap Dealers (proxy): net long 91,345 (-17,221 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Sugar No. 11 (SB) COT: Managed Money net long 238,684

Managed Money: net long 238,684 (+4,913 w/w, added longs / cut shorts). Swap Dealers (proxy): net long 99,323 (-11,941 w/w, cut longs / added shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Coffee C (KC) COT: Managed Money net long 22,109

Managed Money: net long 22,109 (-4,620 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 3,028 (+562 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Cocoa (CC) COT: Managed Money net short 8,757

Managed Money: net short 8,757 (-4,007 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 27,764 (+853 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 September 2026.

Cotton No. 2 (CT) COT: Managed Money net long 95,367

Managed Money: net long 95,367 (-5,596 w/w, cut longs / added shorts). Swap Dealers (proxy): net long 41,027 (+4,316 w/w, added longs / cut shorts). Net position is longs minus shorts from the CFTC report dated 8 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.