COT Extremes

Extreme positioning analysis across all markets

40

TOTAL MARKETS

11

BULLISH SENTIMENT

10

BEARISH SENTIMENT

Legend & Guide
Bias Indicators
Long
Bullish bias
Short
Bearish bias
Neutral
No bias
Extreme Indicators
≥90%
Extreme high
≤10%
Extreme low
COT Extremes Analysis
Extreme positioning across all trader types
Data as of 09/23/2025
Commodity Name Commercials Non Commercials Non Reportables Commercials Non Commercials Non Reportables Open Interest
BIAS BIAS BIAS Long Short Net Long Short Net Long Short Net
Australian Dollar (AUD) Neutral Neutral Long 69% 31% 59% 29% 71% 34% 62% 38% 77% 160,854
Bitcoin Neutral Neutral Neutral 43% 57% 49% 50% 50% 54% 55% 45% 50% 27,809
Brazilian Real (BRL) Short Long Neutral 27% 73% 2% 87% 13% 98% 82% 18% 39% 134,318
British Pound (GBP) Neutral Short Long 49% 51% 65% 49% 51% 25% 54% 46% 73% 233,166
Canadian Dollar (CAD) Neutral Neutral Short 79% 21% 65% 12% 88% 40% 41% 59% 17% 212,186
Cocoa Long Short Neutral 45% 55% 84% 59% 41% 18% 55% 45% 40% 103,388
Coffee C Neutral Neutral Neutral 38% 62% 39% 71% 29% 61% 60% 40% 68% 169,676
Copper Neutral Neutral Neutral 39% 61% 37% 63% 37% 61% 65% 35% 66% 227,318
Corn Neutral Short Long 53% 47% 69% 46% 54% 29% 45% 55% 73% 1,543,065
Cotton No 2 Long Short Short 60% 40% 91% 38% 62% 10% 48% 52% 16% 265,373
Crude Oil Long Short Neutral 47% 53% 94% 62% 38% 8% 57% 43% 33% 1,936,690
DJIA Consolidated Neutral Neutral Neutral 50% 50% 39% 50% 50% 59% 50% 50% 40% 78,112
Dollar Index (DXY) Long Short Short 68% 32% 96% 37% 63% 6% 42% 58% 16% 40,441
Euro (EUR) Short Long Long 43% 57% 25% 65% 35% 72% 69% 31% 83% 859,215
Fed Funds Long Short Long 55% 45% 98% 33% 67% 1% 56% 44% 73% 3,033,133
Gasoline Rbob Neutral Neutral Long 43% 57% 52% 66% 34% 42% 64% 36% 85% 357,296
Gold Short Long Long 18% 82% 15% 83% 17% 82% 69% 31% 80% 528,789
Japanese Yen (JPY) Short Long Neutral 34% 66% 30% 65% 35% 73% 53% 47% 51% 309,893
Lean Hogs Short Long Neutral 33% 67% 0% 67% 33% 100% 46% 54% 48% 380,110
Live Cattle Short Long Short 37% 63% 18% 71% 29% 82% 38% 62% 26% 386,579
Mexican Peso (MXN) Short Long Neutral 29% 71% 29% 82% 18% 71% 73% 27% 50% 176,007
Milk, Class III Long Short Neutral 64% 36% 85% 26% 74% 7% 37% 63% 54% 26,712
NASDAQ 100 Consolidated Neutral Neutral Neutral 46% 54% 34% 58% 42% 63% 52% 48% 47% 281,162
Natural Gas Neutral Neutral Short 56% 44% 67% 41% 59% 41% 54% 46% 24% 1,626,777
New Zealand Dollar (NZD) Neutral Neutral Neutral 72% 28% 60% 27% 73% 40% 42% 58% 33% 56,346
Orange Juice Neutral Neutral Short 32% 68% 68% 80% 20% 39% 47% 53% 9% 8,076
Palladium Short Long Long 56% 44% 11% 41% 59% 76% 75% 25% 93% 20,282
Platinum Neutral Neutral Neutral 30% 70% 41% 62% 38% 66% 60% 40% 36% 97,978
Rough Rice Long Short Neutral 77% 23% 96% 26% 74% 1% 58% 42% 50% 12,185
Russell 2000 Mini Neutral Neutral Neutral 54% 46% 53% 29% 71% 41% 62% 38% 61% 369,261
S&P 500 Consolidated Neutral Neutral Neutral 52% 48% 48% 36% 64% 46% 60% 40% 67% 1,963,507
Silver Short Long Neutral 27% 73% 16% 78% 22% 80% 72% 28% 70% 165,805
Soybeans Neutral Neutral Long 50% 50% 46% 51% 49% 52% 45% 55% 78% 925,006
Sugar No 11 Long Short Short 57% 43% 97% 37% 63% 3% 49% 51% 17% 898,935
Swiss Franc (CHF) Neutral Neutral Neutral 68% 32% 43% 21% 79% 54% 44% 56% 63% 72,030
US Treasury 10Y Note Neutral Neutral Long 55% 45% 56% 32% 68% 33% 60% 40% 95% 5,478,034
US Treasury 5Y Note Long Short Long 62% 38% 87% 14% 86% 10% 65% 35% 91% 6,750,842
US Treasury Bond Short Neutral Long 49% 51% 20% 40% 60% 56% 69% 31% 100% 1,842,191
VIX Long Short Neutral 62% 38% 97% 33% 67% 6% 50% 50% 66% 472,633
Wheat Long Short Neutral 66% 34% 72% 38% 62% 29% 50% 50% 58% 464,988