COCOA COT report

COCOA - ICE FUTURES U.S. positioning from the CFTC Legacy report. Net positions equal long contracts minus short contracts. Commercial, non-commercial and non-reportable classifications describe participants; they are not buy or sell signals.

Positions as of 2026-10-27. Open interest: 182269 contracts. This is the latest stored observation, not live trading data.

How are traders positioned?

Non-commercial percentile: 31 across 103 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.

Historical AI commentary — 2026-07-07

This commentary is dated separately from the positioning table. It may describe an earlier market environment.

Cocoa positioning is at extreme levels with Swap Dealers at their 100th percentile long and Managed Money at their 0th percentile short, a setup that has historically preceded price reversals. The price has rallied 19% in the last month and 78% in three months, but this extreme positioning suggests the rally may be overextended and a pullback or consolidation could be imminent.

How should this COT report be used?

Use positioning to understand exposure and crowded trades alongside price, liquidity and risk controls. Weekly reports generally describe Tuesday positions released on Friday, subject to the CFTC schedule. Classifications differ in TFF and Disaggregated reports. Compare like-for-like formats and dates.

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