Week 13, 2026
Cotton leads buying as Brent sees heavy selling
Report date: Tue 31st Mar 26
Released: Fri 3rd Apr 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators added to Cotton in size this week. Brent also moved on the selling side, but that was the smaller part of the tape.
Top Buyers This Week
Cotton
The heaviest buying of the week: new longs and short covering while net long, +11.98% of the book. This is a second week of buying. The book is a crowded long versus the prior 52 weeks. Spot continued the buying from the report date close to the release close, +1.3%.
Sugar
Short covering while still net short, +6.06% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -3.4%.
Soybeans
This marks a flip from long liquidation last week. New longs and short covering while net long, +3.61% of the book. The book is a crowded long versus the prior 52 weeks. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.6%.
Wheat
New longs while still net short, +2.63% of the book.
Copper
New longs while still net long, +2.58% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Cotton
Spot +1.3% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
6.02%
(211,073)
|
8%
|
-16.87%
|
11.98%
|
100th |
|
Sugar
Spot -3.4% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
-1.4%
(450,579)
|
-6.08%
|
-14.34%
|
6.06%
|
67th |
|
Soybeans
Spot -0.6% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
2.3%
(357,420)
|
3.6%
|
-3.66%
|
3.61%
|
100th |
|
Wheat
Spot -2.9% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
0.84%
(299,415)
|
5.66%
|
0.06%
|
2.63%
|
100th |
|
Copper
Spot -0.4% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
-0.46%
(102,110)
|
3.82%
|
0.16%
|
2.58%
|
81st |
|
Natural Gas
Spot -2.9% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
0.7%
(575,734)
|
-2.86%
|
-2.92%
|
0.87%
|
13th |
Top Sellers This Week
Brent Crude
The heaviest selling of the week: long liquidation and new shorts while still net short, -9.63% of the book. This marks a flip from new longs last week. Spot did not continue the selling from the report date close to the release close; it moved the other way, +4.9%.
Corn
This marks a flip from new longs and short covering last week. Long liquidation and new shorts while still net long, -6.39% of the book. The book is a crowded long versus the prior 52 weeks. Spot continued the selling from the report date close to the release close, -1.2%.
Crude Oil WTI
This marks a flip from short covering last week. New shorts while still net long, -3.88% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +10.0%.
Gold
Long liquidation while still net long, -1.87% of the book.
Silver
Long liquidation and new shorts while still net long, -1.78% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Brent Crude
Spot +4.9% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
-5.59%
(175,597)
|
-18.77%
|
2.03%
|
-9.63%
|
50th |
|
Corn
Spot -1.2% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
1.69%
(642,761)
|
-3.28%
|
18.48%
|
-6.39%
|
98th |
|
Crude Oil WTI
Spot +10.0% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
1.44%
(542,686)
|
0.51%
|
15.48%
|
-3.88%
|
83rd |
|
Gold
Spot -0.2% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
-10.53%
(252,002)
|
-6%
|
-15.48%
|
-1.87%
|
60th |
|
Silver
Spot -2.7% from the report date close (Tue 31 Mar) to the release close (Fri 3 Apr) |
1.77%
(43,022)
|
-1.4%
|
3.17%
|
-1.78%
|
73rd |
Other Notable Moves
Natural Gas saw short covering while still net short, but spot did not continue the buying from the report date close to the release close; it moved the other way, -2.9%.
Quick Read
Cotton posted the largest move with new longs and short covering into a crowded long versus the prior 52 weeks.
Brent flipped to long liquidation and new shorts.
Corn also flipped to selling while the book remains a crowded long versus the prior 52 weeks.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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