SOFR-3M COT report
SOFR-3M - 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: 13078528 contracts. This is the latest stored observation, not live trading data.
How are traders positioned?
| Category | Long | Short | Net contracts |
|---|---|---|---|
| Non-commercial | 1506061 | 4100857 | -2594796 |
| Commercial | 8996430 | 6403504 | 2592926 |
| Non-reportable | 60456 | 58586 | 1870 |
Non-commercial percentile: 13 across 103 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 | -2594796 |
| 2026-10-20 | -2415267 |
| 2026-10-13 | -2434390 |
| 2026-10-06 | -2508582 |
| 2026-09-29 | -2542677 |
| 2026-09-22 | -2643832 |
| 2026-09-15 | -2896206 |
| 2026-09-08 | -3103337 |
| 2026-09-01 | -2938633 |
| 2026-08-25 | -2734233 |
| 2026-08-18 | -2683204 |
| 2026-08-11 | -2571459 |
| 2026-08-04 | -2522186 |
| 2026-07-28 | -2515622 |
| 2026-07-21 | -2665085 |
| 2026-07-14 | -2692081 |
| 2026-07-07 | -2775954 |
| 2026-06-30 | -2876540 |
| 2026-06-23 | -2808392 |
| 2026-06-16 | -2908978 |
| 2026-06-09 | -2534063 |
| 2026-06-02 | -2148601 |
| 2026-05-26 | -1727299 |
| 2026-05-19 | -1473774 |
| 2026-05-12 | -1143587 |
| 2026-05-05 | -1100455 |
| 2026-04-28 | -753019 |
| 2026-04-21 | -705746 |
| 2026-04-14 | -618096 |
| 2026-04-07 | -564314 |
| 2026-03-31 | -589139 |
| 2026-03-24 | -425910 |
| 2026-03-17 | -559925 |
| 2026-03-10 | -516694 |
| 2026-03-03 | -778512 |
| 2026-02-24 | -763031 |
| 2026-02-17 | -734430 |
| 2026-02-10 | -462119 |
| 2026-02-03 | -546807 |
| 2026-01-27 | -594042 |
| 2026-01-20 | -595601 |
| 2026-01-13 | -524612 |
| 2026-01-06 | -345385 |
| 2025-12-30 | -206166 |
| 2025-12-23 | -52845 |
| 2025-12-16 | -174663 |
| 2025-12-09 | -297211 |
| 2025-12-02 | -320083 |
| 2025-11-25 | -440285 |
| 2025-11-18 | -679013 |
| 2025-11-10 | -596572 |
| 2025-11-04 | -618021 |
| 2025-10-28 | -334543 |
| 2025-10-21 | -331615 |
| 2025-10-14 | -309210 |
| 2025-10-07 | -332490 |
| 2025-09-30 | -346312 |
| 2025-09-23 | -9873 |
| 2025-09-16 | -98483 |
| 2025-09-09 | -266004 |
| 2025-09-02 | -325015 |
| 2025-08-26 | -284862 |
| 2025-08-19 | -368146 |
| 2025-08-12 | -282447 |
| 2025-08-05 | -441061 |
| 2025-07-29 | -498098 |
| 2025-07-22 | -479775 |
| 2025-07-15 | -487148 |
| 2025-07-08 | -643268 |
| 2025-07-01 | -683951 |
| 2025-06-24 | -563811 |
| 2025-06-17 | -662737 |
| 2025-06-10 | -1132456 |
| 2025-06-03 | -930067 |
| 2025-05-27 | -1054966 |
| 2025-05-20 | -976935 |
| 2025-05-13 | -744868 |
| 2025-05-06 | -738403 |
| 2025-04-29 | -565606 |
| 2025-04-22 | -423810 |
| 2025-04-15 | -475791 |
| 2025-04-08 | -673042 |
| 2025-04-01 | -851283 |
| 2025-03-25 | -759223 |
| 2025-03-18 | -667885 |
| 2025-03-11 | -748949 |
| 2025-03-04 | -838944 |
| 2025-02-25 | -724871 |
| 2025-02-18 | -741428 |
| 2025-02-11 | -751909 |
| 2025-02-04 | -746850 |
| 2025-01-28 | -644264 |
| 2025-01-21 | -672329 |
| 2025-01-14 | -720849 |
| 2025-01-07 | -440517 |
| 2024-12-31 | -393101 |
| 2024-12-24 | -402762 |
| 2024-12-17 | -108925 |
| 2024-12-10 | -327476 |
| 2024-12-03 | -536881 |
| 2024-11-26 | -428610 |
| 2024-11-19 | -300954 |
| 2024-11-12 | -239881 |
Historical AI commentary — 2026-07-07
This commentary is dated separately from the positioning table. It may describe an earlier market environment.
Sofr-3m dealer long and spec short positions are at record extremes (100th and 0th percentiles), but the 12-week trend is flat, not accelerating. This extreme positioning is historically associated with periods of stability or mean reversion, suggesting a potential pause in the current trend rather than a sharp reversal. The immediate trading implication is to expect reduced momentum and increa...
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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