Week 30, 2026
Soybeans lead buying as copper sees selling
Report date: Tue 28th Jul 26
Released: Fri 31st Jul 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators leaned into soybeans in size this week. Brent also bought, but that was the smaller side of the tape.
Top Buyers This Week
Soybeans
The book is a crowded long versus the prior 52 weeks. New longs and short covering while net long, +10.79% of the book. This is a second week of new longs and short covering. Spot did not continue the buying from the report date close to the release close; it moved the other way, -3.3%.
Brent Crude
This marks a flip from new shorts last week. New longs and short covering while net short, +8.96% of the book. Spot continued the buying from the report date close to the release close, +4.6%.
Corn
New longs and short covering while net long, +8.48% of the book. This is a second week of new longs and short covering. Spot did not continue the buying from the report date close to the release close; it moved the other way, -3.9%.
Crude Oil WTI
New longs and short covering while net long, +7.13% of the book.
Wheat
New longs while net short, +2.22% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Soybeans
Spot -3.3% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
-2.39%
(347,975)
|
9.69%
|
-14.33%
|
10.79%
|
90th |
|
Brent Crude
Spot +4.6% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
4.42%
(130,344)
|
7.04%
|
-10.25%
|
8.96%
|
88th |
|
Corn
Spot -3.9% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
-0.3%
(732,376)
|
0.21%
|
-21.8%
|
8.48%
|
77th |
|
Crude Oil WTI
Spot +6.8% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
-0.25%
(509,876)
|
1.55%
|
-14.71%
|
7.13%
|
56th |
|
Wheat
Spot -3.5% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
1.77%
(240,084)
|
8.64%
|
3.82%
|
2.22%
|
96th |
Top Sellers This Week
Copper
This marks a flip from new longs and short covering last week. Long liquidation and new shorts while net long, -4.71% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.8%.
Sugar
Long liquidation and new shorts while net short, -3.35% of the book. The book is still net short, but it sits as a crowded long versus the prior 52 weeks. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.8%.
Natural Gas
This marks a flip from new longs last week. Long liquidation and new shorts while net short, -2.58% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +3.2%.
Silver
Long liquidation while net long, -2.5% of the book.
Cotton
Long liquidation while net long, -0.9% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Copper
Spot +1.8% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
1.67%
(138,765)
|
-4.64%
|
4.95%
|
-4.71%
|
73rd |
|
Sugar
Spot +0.8% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
1.72%
(620,537)
|
-0.3%
|
5.8%
|
-3.35%
|
92nd |
|
Natural Gas
Spot +3.2% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
-0.42%
(773,485)
|
-1.31%
|
3.39%
|
-2.58%
|
54th |
|
Silver
Spot +0.4% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
0.29%
(48,411)
|
-3.88%
|
-1.35%
|
-2.5%
|
19th |
|
Cotton
Spot +1.6% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
1.87%
(172,549)
|
-1.71%
|
-1.82%
|
-0.9%
|
98th |
|
Gold
Spot +1.9% from the report date close (Tue 28 Jul) to the release close (Fri 31 Jul) |
0.32%
(257,174)
|
-2.3%
|
-8.13%
|
-0.69%
|
75th |
Other Notable Moves
Gold saw long liquidation while net long, -0.69% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.9%.
Quick Read
Soybeans posted the largest move with new longs and short covering into a crowded long versus the prior 52 weeks.
Brent flipped to buying while still net short and spot continued higher.
Copper flipped to selling with long liquidation and new shorts while net long.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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