SO AFRICAN RAND COT report

SO AFRICAN RAND - CHICAGO 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: 37796 contracts. This is the latest stored observation, not live trading data.

How are traders positioned?

Non-commercial percentile: 82 across 104 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.

The South African Rand shows a crowded speculative long position with Asset Managers and Leveraged Funds holding a combined net long at the 91.9th percentile, while Dealers are heavily short at the 10.7th percentile. Despite this extreme positioning, the 12-week trend for both groups is flat, indicating a stable standoff rather than a building imbalance. The immediate implication is a potential...

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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