Week 26, 2026
Silver leads buying while Brent sees fresh selling
Report date: Tue 30th Jun 26
Released: Mon 6th Jul 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators leaned into Silver in size, flipping back to buying and adding both new longs and short covering. Brent saw the largest selling move, though that remained the smaller side of the tape.
Top Buyers This Week
Silver
This marks a flip from long liquidation and new shorts last week. New longs and short covering while net long, +7.77% of the book. Spot continued the buying from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul), +3.3%.
Sugar
New longs and short covering while still net short, +6.66% of the book. This marks a flip from long liquidation and new shorts last week. Spot continued the buying from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul), +6.1%.
Coffee
New longs and short covering while net long, +5.83% of the book. This is a second week of buying. Spot continued the buying from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul), +17.0%.
Gold
New longs and short covering while net long, +5.02% of the book.
Natural Gas
New longs while still net short, +0.88% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Silver
Spot +3.3% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
0.02%
(48,242)
|
7.59%
|
-8.35%
|
7.77%
|
81st |
|
Sugar
Spot +6.1% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
-1.46%
(582,970)
|
12.57%
|
-3.01%
|
6.66%
|
73rd |
|
Coffee
Spot +17.0% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
-1.55%
(95,775)
|
6.75%
|
-4.57%
|
5.83%
|
21st |
|
Gold
Spot +4.2% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
4.93%
(265,219)
|
5.8%
|
-0.25%
|
5.02%
|
94th |
|
Natural Gas
Spot -0.9% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
1.33%
(688,137)
|
4.55%
|
1.27%
|
0.88%
|
52nd |
|
Corn
Spot +6.8% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
-9.84%
(916,057)
|
-5.92%
|
-7.93%
|
0.59%
|
56th |
Top Sellers This Week
Brent Crude
Long liquidation and new shorts while still net short, -7.47% of the book. This is a second week of selling. Spot continued the selling from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul), -1.3%.
Soybeans
Long liquidation while net long, -6.46% of the book. Spot did not continue the selling from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul); it moved the other way, +5.9%.
Copper
Long liquidation and new shorts while net long, -4.99% of the book. Spot continued the selling from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul), -0.2%.
Cotton
New shorts while net long, -3.23% of the book.
Wheat
Long liquidation while still net short, -2.32% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Brent Crude
Spot -1.3% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
2.32%
(136,354)
|
-7.36%
|
7.55%
|
-7.47%
|
17th |
|
Soybeans
Spot +5.9% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
-10.74%
(319,109)
|
-16.81%
|
-11.5%
|
-6.46%
|
38th |
|
Copper
Spot -0.2% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
-5.38%
(130,034)
|
-6.52%
|
0.12%
|
-4.99%
|
85th |
|
Cotton
Spot +2.4% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
0.99%
(185,890)
|
1.37%
|
16.1%
|
-3.23%
|
81st |
|
Wheat
Spot +4.3% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
-5.04%
(273,870)
|
-7.12%
|
-1.08%
|
-2.32%
|
44th |
|
Crude Oil WTI
Spot -1.4% from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul) |
0.13%
(570,865)
|
-2.66%
|
-2.22%
|
-0.7%
|
33rd |
Other Notable Moves
Corn saw short covering while net long and spot continued the buying from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul), +6.8%.
Crude Oil WTI saw long liquidation while net long and spot continued the selling from the report date close (Tue 30 Jun) to the release close (Mon 6 Jul), -1.4%.
Quick Read
Silver flipped back to new longs and short covering while net long; that was the largest move of the week.
Soybeans liquidated longs while net long, yet spot moved the other way.
Brent extended long liquidation and new shorts while WTI saw only modest liquidation.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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