Week 22, 2026
Corn leads selling while Brent and gold attract buying
Report date: Tue 2nd Jun 26
Released: Fri 5th Jun 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators unwound corn in size this week. Brent and gold also moved notably, but that was the smaller side of the tape.
Top Buyers This Week
Brent Crude
Short covering while still net short, +9.69% of the book. This marks a flip from long liquidation and new shorts last week. Spot did not continue the buying from the report date close to the release close; it moved the other way, -3.0%.
Gold
The book is a crowded long versus the prior 52 weeks. New longs and short covering while net long, +8.8% of the book. This marks a flip from long liquidation last week. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.3%.
Copper
The book is a crowded long versus the prior 52 weeks. New longs while still net long, +4.19% of the book. This marks a flip from long liquidation and new shorts last week. Spot did not continue the buying from the report date close to the release close; it moved the other way, -5.8%.
Silver
New longs and short covering while still net long, +3.93% of the book.
Natural Gas
New longs and short covering while still net short, +2.57% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Brent Crude
Spot -3.0% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
-9.18%
(130,271)
|
-3.72%
|
-18.26%
|
9.69%
|
71st |
|
Gold
Spot -0.3% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
-7.76%
(236,172)
|
2.69%
|
-35.24%
|
8.8%
|
100th |
|
Copper
Spot -5.8% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
4%
(144,217)
|
5.54%
|
0.18%
|
4.19%
|
100th |
|
Silver
Spot -8.5% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
1.05%
(43,940)
|
3.59%
|
-5.01%
|
3.93%
|
54th |
|
Natural Gas
Spot +2.0% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
1.46%
(664,731)
|
3.81%
|
-1.91%
|
2.57%
|
27th |
Top Sellers This Week
Corn
The heaviest selling of the week: long liquidation and new shorts while still net long, -13.76% of the book. This is a second week of long liquidation and new shorts. Spot continued the selling from the report date close to the release close, -5.2%.
Wheat
Long liquidation and new shorts while still net short, -10.51% of the book. Spot continued the selling from the report date close to the release close, -3.8%.
Sugar
Long liquidation and new shorts while still net short, -4.92% of the book. Spot continued the selling from the report date close to the release close, -1.7%.
Soybeans
New shorts while still net long, -4.62% of the book.
Coffee
Long liquidation and new shorts while still net long, -3.58% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Corn
Spot -5.2% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
0.57%
(727,998)
|
-11.07%
|
20.16%
|
-13.76%
|
77th |
|
Wheat
Spot -3.8% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
-0.69%
(289,862)
|
-13.62%
|
7.59%
|
-10.51%
|
65th |
|
Sugar
Spot -1.7% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
1.24%
(545,741)
|
-8.14%
|
2.5%
|
-4.92%
|
60th |
|
Soybeans
Spot -3.8% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
2.66%
(385,804)
|
0.51%
|
22.76%
|
-4.62%
|
56th |
|
Coffee
Spot -4.9% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
4.75%
(91,310)
|
-2.29%
|
5.46%
|
-3.58%
|
2nd |
|
Cotton
Spot -4.3% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
4.43%
(185,560)
|
-0.22%
|
4.51%
|
-1.34%
|
92nd |
|
Crude Oil WTI
Spot -3.4% from the report date close (Tue 2 Jun) to the release close (Fri 5 Jun) |
1.07%
(610,746)
|
1.38%
|
4.77%
|
-0.86%
|
52nd |
Other Notable Moves
Cotton saw long liquidation and new shorts while still net long; spot continued the selling from the report date close to the release close, -4.3%.
Crude Oil WTI saw new shorts while still net long; spot continued the selling from the report date close to the release close, -3.4%.
Quick Read
Corn led the week with long liquidation and new shorts while still net long.
Gold and copper both flipped back to buying into crowded long books versus the prior 52 weeks.
Brent added short covering while WTI added new shorts.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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