Market Sentiment Shifts: CoT Report Reveals Notable Positioning Changes
The latest Commitments of Traders (CoT) report from the US Commodity Futures Trading Commission shows significant positioning shifts across major agricultural and energy markets. Released on July 31, 2026, with a report date of July 28, 2026, the data reveals notable changes in open interest and positions held by various market participants.
Grains such as Chicago soft red winter wheat, hard red winter wheat, and hard red spring wheat saw producers and merchants taking on short positions. In contrast, managed money was net long in these markets. Corn, soybeans, and mini soybeans also showed significant open interest with producers and merchants predominantly holding short positions.
Energy markets, including WTI crude oil, WTI financial crude oil, and gasoline RBOB, saw producers and merchants taking on long positions. Swap dealers held long positions in these markets as well. Gold, silver, copper, and micro gold also showed notable positioning shifts with swap dealers holding short positions.
The CoT report provides valuable insights into market sentiment and positioning, which can be used by traders and investors to inform their decisions. However, it's essential to note that the data is subject to change and should not be relied upon as the sole basis for investment or trading decisions.