Weekly insight into how large speculators are positioned.
A clean, unbiased read of CFTC Commitments of Traders data across FX and commodities.
No charts. No trades. Just positioning and sentiment.
Includes the free weekly Currency COT Digest.
Commodity coverage is available separately.
Weekly COT Analysis
AUD adds new shorts while NZD covers shorts
AUD posted the largest move with new shorts as NZD and CAD covered shorts in currencies.
Sugar leads buying as grains see selling
Sugar drew the largest position shift while soybeans and wheat saw net selling.
Soybeans lead selling as copper adds longs
Soybeans posted the largest positioning shift with long liquidation and new shorts while copper built new long…
JPY leads currency buying while CAD sees selling
Speculators added new longs and covered shorts in JPY in size this week.
What the COT Report Tells You
The Commitments of Traders (COT) report shows how different groups are positioned in futures markets at the end of each week.
COT Digest focuses on large speculators, hedge funds and asset managers, because their positioning reflects sentiment and conviction, rather than hedging necessity.
These positions change slowly. They are not signals. They provide context.
The Markets We Analyse
COT Digest is published as a set of focused weekly newsletters, each built around the same positioning data but applied to different markets.
The Currency Digest is available to all readers, while the Commodity Digest offers deeper coverage across energy, metals, and agricultural markets. Both are delivered once per week and designed to be read quickly, then referenced throughout the week.
Currency COT Digest
A weekly snapshot of how large speculators are positioned across major FX futures.
Designed to highlight where currency positioning is becoming crowded, unwinding, or quietly rebuilding.
Focuses on changes in speculative exposure and conviction without trade calls, forecasts, or timing signals.
Includes weekly summary coverage for listed FX futures.
1 email per week · unsubscribe anytime
Commodity COT Digest
A weekly read on speculative positioning across energy, metals and agricultural markets.
Built to provide context around supply, sentiment, and risk across commodity markets. Tracks shifts in speculative positioning, extremes, and divergences between price and exposure, not price forecasts.
Includes access to raw and historical COT data for listed commodities and currencies.
$19 per month · cancel anytime
Why the COT report matters
Markets rarely turn when headlines appear. They turn after positioning becomes one-sided.
By tracking how large speculators shift exposure week-to-week, the COT report helps reveal changes in market structure that price alone can hide.
It gives insight into:
- Shifts in conviction
- Increases or unwinds in crowding
- Sentiment changes before they become obvious
COT Digest is designed to support your trading process by providing that context: a clear view of where exposure is building, unwinding, or reaching extremes.
What positioning reveals
Tracking speculative positioning helps you understand:
- Where institutional exposure is already crowded
- Which markets are quietly being accumulated or distributed
- Where sentiment has pushed to historical extremes
- When positioning and price begin to diverge
This doesn’t tell you when to act. It helps you see where risk is building.
What it does not do
The COT report does not provide:
- Trade entries or exits
- Short-term timing signals
- Directional predictions
Used correctly, COT data frames the market environment. It does not forecast price.
Weekly Newsletter
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A focused weekly snapshot of how large speculators are positioned across FX and commodity markets.
No charts. No trade calls. Just positioning and sentiment direct to your mailbox.