PALLADIUM COT report
PALLADIUM - NEW YORK MERCANTILE EXCHANGE 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: 27075 contracts. This is the latest stored observation, not live trading data.
How are traders positioned?
| Category | Long | Short | Net contracts |
|---|---|---|---|
| Non-commercial | 10612 | 20453 | -9841 |
| Commercial | 12354 | 3498 | 8856 |
| Non-reportable | 2824 | 1839 | 985 |
Non-commercial percentile: 8 across 83 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.
Position history in contracts
| Observation date | Non-commercial net |
|---|---|
| 2026-10-27 | -9841 |
| 2026-10-20 | -9133 |
| 2026-10-13 | -8078 |
| 2026-10-06 | -7017 |
| 2026-09-29 | -5825 |
| 2026-09-22 | -4533 |
| 2026-09-15 | -4150 |
| 2026-09-08 | -3712 |
| 2026-09-01 | -4305 |
| 2026-08-25 | -4824 |
| 2026-08-18 | -4398 |
| 2026-08-11 | -3916 |
| 2026-08-04 | -4335 |
| 2026-07-28 | -4767 |
| 2026-07-21 | -5003 |
| 2026-07-14 | -4889 |
| 2026-07-07 | -4658 |
| 2026-06-30 | -4324 |
| 2026-06-23 | -3256 |
| 2026-06-16 | -2803 |
| 2026-06-09 | -2964 |
| 2026-06-02 | -2006 |
| 2026-05-26 | -2890 |
| 2026-05-19 | -2497 |
| 2026-05-12 | -1915 |
| 2026-05-05 | -1476 |
| 2026-04-28 | -1464 |
| 2026-04-21 | -985 |
| 2026-04-14 | -1053 |
| 2026-04-07 | -1393 |
| 2026-03-31 | -1050 |
| 2026-03-24 | -1242 |
| 2026-03-17 | -185 |
| 2026-03-10 | -156 |
| 2026-03-03 | 161 |
| 2026-02-24 | 664 |
| 2026-02-17 | 492 |
| 2026-02-10 | 513 |
| 2026-02-03 | 1133 |
| 2026-01-27 | 684 |
| 2026-01-20 | 888 |
| 2026-01-13 | 1225 |
| 2026-01-06 | 579 |
| 2025-12-30 | -571 |
| 2025-12-23 | 122 |
| 2025-12-16 | 978 |
| 2025-12-09 | -18 |
| 2025-12-02 | -198 |
| 2025-11-25 | -497 |
| 2025-11-18 | -563 |
| 2025-11-10 | -881 |
| 2025-11-04 | -903 |
| 2025-10-28 | -1424 |
| 2025-10-21 | -962 |
| 2025-10-14 | -1013 |
| 2025-10-07 | -2893 |
| 2025-09-30 | -3085 |
| 2025-09-23 | -3840 |
| 2025-09-16 | -4012 |
| 2025-09-09 | -3742 |
| 2025-09-02 | -4048 |
| 2025-08-26 | -4141 |
| 2025-08-19 | -3734 |
| 2025-08-12 | -3496 |
| 2025-08-05 | -2335 |
| 2025-07-29 | -1853 |
| 2025-07-22 | -2300 |
| 2025-07-15 | -3581 |
| 2025-07-08 | -4734 |
| 2025-07-01 | -4483 |
| 2025-06-24 | -4508 |
| 2025-06-17 | -5248 |
| 2025-06-10 | -5808 |
| 2025-06-03 | -7293 |
| 2025-05-27 | -7526 |
| 2025-05-20 | -8352 |
| 2025-05-13 | -10461 |
| 2025-05-06 | -9991 |
| 2025-04-29 | -10918 |
| 2025-04-22 | -10843 |
| 2025-04-15 | -10008 |
| 2025-04-08 | -10728 |
| 2025-04-01 | -7864 |
Historical AI commentary — 2026-07-07
This commentary is dated separately from the positioning table. It may describe an earlier market environment.
SUMMARY: Palladium shows extreme positioning with Managed Money at the 0.0th percentile (short -6,381 contracts) and Hedgers at the 100.0th percentile (long 4,161 contracts). This extreme split has historically led to volatile outcomes, but the 12-week trend is flat, meaning the positioning was built quickly and is now static, not actively building. The immediate implication is for high volatil...
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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