SOYBEAN MEAL COT report
SOYBEAN MEAL - CHICAGO BOARD OF TRADE 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: 609960 contracts. This is the latest stored observation, not live trading data.
How are traders positioned?
| Category | Long | Short | Net contracts |
|---|---|---|---|
| Non-commercial | 217462 | 38657 | 178805 |
| Commercial | 213693 | 411023 | -197330 |
| Non-reportable | 48396 | 29871 | 18525 |
Non-commercial percentile: 93 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 | 178805 |
| 2026-10-20 | 206000 |
| 2026-10-13 | 217302 |
| 2026-10-06 | 222657 |
| 2026-09-29 | 216481 |
| 2026-09-22 | 208361 |
| 2026-09-15 | 207751 |
| 2026-09-08 | 176561 |
| 2026-09-01 | 177863 |
| 2026-08-25 | 120971 |
| 2026-08-18 | 116897 |
| 2026-08-11 | 105664 |
| 2026-08-04 | 109167 |
| 2026-07-28 | 123705 |
| 2026-07-21 | 113860 |
| 2026-07-14 | 87037 |
| 2026-07-07 | 62388 |
| 2026-06-30 | 48686 |
| 2026-06-23 | 59021 |
| 2026-06-16 | 58424 |
| 2026-06-09 | 85604 |
| 2026-06-02 | 156187 |
| 2026-05-26 | 154594 |
| 2026-05-19 | 159741 |
| 2026-05-12 | 148653 |
| 2026-05-05 | 134714 |
| 2026-04-28 | 143101 |
| 2026-04-21 | 136455 |
| 2026-04-14 | 152215 |
| 2026-04-07 | 116864 |
| 2026-03-31 | 120194 |
| 2026-03-24 | 127071 |
| 2026-03-17 | 102538 |
| 2026-03-10 | 99178 |
| 2026-03-03 | 72755 |
| 2026-02-24 | 50835 |
| 2026-02-17 | 18346 |
| 2026-02-10 | 11372 |
| 2026-02-03 | 2824 |
| 2026-01-27 | -8294 |
| 2026-01-20 | -22790 |
| 2026-01-13 | 757 |
| 2026-01-06 | -12458 |
| 2025-12-30 | -2374 |
| 2025-12-23 | 3487 |
| 2025-12-16 | 14212 |
| 2025-12-09 | 26189 |
| 2025-12-02 | 54090 |
| 2025-11-25 | 60962 |
| 2025-11-18 | 62885 |
| 2025-11-10 | 37273 |
| 2025-11-04 | 28845 |
| 2025-10-28 | -15173 |
| 2025-10-21 | -53992 |
| 2025-10-14 | -71515 |
| 2025-10-07 | -67379 |
| 2025-09-30 | -66310 |
| 2025-09-23 | -48915 |
| 2025-09-16 | -44608 |
| 2025-09-09 | -48959 |
| 2025-09-02 | -54464 |
| 2025-08-26 | -32896 |
| 2025-08-19 | -48128 |
| 2025-08-12 | -58312 |
| 2025-08-05 | -81610 |
| 2025-07-29 | -82671 |
| 2025-07-22 | -73578 |
| 2025-07-15 | -79742 |
| 2025-07-08 | -85601 |
| 2025-07-01 | -86811 |
| 2025-06-24 | -76064 |
| 2025-06-17 | -59188 |
| 2025-06-10 | -48116 |
| 2025-06-03 | -54519 |
| 2025-05-27 | -49153 |
| 2025-05-20 | -58173 |
| 2025-05-13 | -50928 |
| 2025-05-06 | -53955 |
| 2025-04-29 | -53734 |
| 2025-04-22 | -30976 |
| 2025-04-15 | -24136 |
| 2025-04-08 | -45715 |
| 2025-04-01 | -54300 |
Historical AI commentary — 2026-07-07
This commentary is dated separately from the positioning table. It may describe an earlier market environment.
Soybean Meal positioning has reached extreme levels with commercial traders at the 0.0th percentile and managed money at the 100.0th percentile. Both the spec and hedger core positions are currently flat over the 12-week trend, suggesting this extreme has been reached quickly and is not yet building further. The immediate implication is a heightened risk of a positioning-driven reversal, as his...
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.
Open interactive charts · Trader category guide · Report formats