It is collated by the CFTC from submissions from traders in the market and covers positions in futures on grains, cattle, financial instruments, metals, petroleum and other commodities. The exchanges that trade futures are primarily based in Chicago and New York. A trader may be classified as a commercial in some commodities and as https://www.coronation.com/ a non-commercial in other commodities.

Commitments of Traders Data (COT)

Reportable Positions – Clearing members, futures commission merchants, and foreign brokers (collectively called “reporting firms”) file daily reports with the Commission. Those reports show the futures and option positions of traders that hold positions above specific reporting levels set by CFTC regulations. The aggregate of all traders’ positions reported to the Commission usually represents 70 to 90 percent of the total open interest in any given market. Information that is included in the report is compiled on Tuesday and verified on Wednesday before being released every sasol south africa ltd Friday. The report is intended to help people understand the dynamics of the market.

Types of COT Reports

commitment of traders

The COT Open Interest is the total position that entered the market in a specific time. At the same time, we can use the open interest to analyze the behavior of specific market participants, for example, which percentage of the open interest was entered by the commercials. The Supplemental COT Report is specialized on agriculture commodity assets. The report classifies the different market participants into Commercial, Non-commercial and Index Traders. For the “producer/merchant/processor/user” category, open interest is reported only by long or short positions.

COT-Reports.com – Your FREE source for the latest COT data. Simplified.

  • They are buying or selling only to speculate that they will exit their position at a profit, and plan to close their long or short position before the contract becomes due.
  • Nonetheless, a multi-functional organization that has more than one trading entity may have each trading entity classified separately in a commodity.
  • This means that an oil company with a small hedge and a much larger speculative trade on crude will have both positions show up in the commercial category.
  • However, the COT report showed commercials (silver miners) increasing net short positions.
  • The primary value of this data is being able to see when the non-commercial or “spec index” is at an extreme.

That’s nothing evil, just something to keep in mind on deeper COT analysis. Furthermore, the COT long format reports show the percent of open interest held by (i) the largest four and (ii) the largest eight reportable traders, without regard to whether they are classified as commercial or non-commercial. The concentration ratios are shown with trader positions computed on a gross long and gross short basis and on a net long or net short basis. The "Net Position" ratios are computed after offsetting each trader’s equal long and short positions.

Traders hold positions equal

The classifications in commercial or non-commercial traders of these positions are unknown, as well as the number of traders. The COT Legacy Report is provided as a futures only report and a futures and options report. The Legacy Report classifies all traders in commercial, non-commercial traders and non-reportable traders. MarketBulls provides you the graphical and tabular real time and historical Commitments of Traders Legacy Report for each asset above. The Commitments of Traders is a weekly market report issued by https://www.easyequities.co.za/ the Commodity Futures Trading Commission (CFTC) enumerating the holdings of participants in various futures markets in the United States.