Weekly Commitments of Traders report from the CFTC. Commercial hedger positioning tracked as "smart money" across 8 key markets. Public domain — released every Friday.
The COT report splits futures traders into: Commercials (hedgers — farmers, oil producers, banks hedging real exposure) and Large Specs (hedge funds, trend-followers). Commercials are "smart money" — they have the deepest fundamental knowledge of their market. When they reach extreme net long (top 20% of 52-week range) that is historically bullish. Extreme net short (bottom 20%) is historically bearish. A positioning context indicator, not a precise timing tool.
| Market | Signal | Comm Net Contracts | 52w Percentile | Report Date |
|---|---|---|---|---|
| Bitcoin | BEARISH | -19,831 | 0% | 2026-09-01T00:00:00.000 |
| Corn | BEARISH | -476,821 | 0% | 2026-09-01T00:00:00.000 |