Week 31, 2026
Soybeans lead selling as copper adds longs
Report date: Tue 4th Aug 26
Released: Fri 7th Aug 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators unwound soybeans in size this week. Copper attracted buying, but that was the smaller side of the tape.
Top Buyers This Week
Copper
New longs while still net long, +7.09% 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, -0.7%.
Gold
The book is a crowded long versus the prior 52 weeks. New longs and short covering while net long, +6.05% of the book. This marks a flip from long liquidation last week. Spot continued the buying from the report date close to the release close, +4.0%.
Sugar
The book is net short, but it still sits as a crowded long versus the prior 52 weeks. New longs and short covering, +2.6% of the book. This marks a flip from long liquidation and new shorts last week. Spot continued the buying from the report date close to the release close, +9.4%.
Cotton
New longs and short covering while net long, +1.65% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Copper
Spot -0.7% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
5.41%
(151,485)
|
10.95%
|
4.03%
|
7.09%
|
83rd |
|
Gold
Spot +4.0% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
-3.39%
(256,392)
|
3.37%
|
-21.76%
|
6.05%
|
100th |
|
Sugar
Spot +9.4% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
2.22%
(625,068)
|
3.86%
|
-1.65%
|
2.6%
|
94th |
|
Cotton
Spot +2.6% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
2.39%
(172,454)
|
1.03%
|
-3.72%
|
1.65%
|
100th |
Top Sellers This Week
Soybeans
The heaviest selling of the week: long liquidation and new shorts while still net long, -10.41% of the book. This marks a flip from new longs and short covering last week. Spot did not continue the selling from the report date close to the release close; it moved the other way, +0.1%.
Brent Crude
Long liquidation while still net short, -8.59% of the book. This marks a flip from new longs and short covering last week. Spot did not continue the selling from the report date close to the release close; it moved the other way, +5.3%.
Wheat
Long liquidation and new shorts while still net short, -5.32% 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, +0.2%.
Coffee
Long liquidation and new shorts while still net long, -3.27% of the book.
Crude Oil WTI
Long liquidation and new shorts while still net long, -1.5% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Soybeans
Spot +0.1% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
-2.91%
(329,698)
|
-9.74%
|
13.17%
|
-10.41%
|
56th |
|
Brent Crude
Spot +5.3% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
-15.4%
(106,757)
|
-30.06%
|
-8.55%
|
-8.59%
|
25th |
|
Wheat
Spot +0.2% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
0.61%
(248,983)
|
-1.62%
|
8.95%
|
-5.32%
|
83rd |
|
Coffee
Spot +3.5% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
2.66%
(78,449)
|
-2.02%
|
5.88%
|
-3.27%
|
44th |
|
Crude Oil WTI
Spot +3.2% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
1.45%
(505,239)
|
-1.95%
|
0.78%
|
-1.5%
|
52nd |
|
Natural Gas
Spot -0.7% from the report date close (Tue 4 Aug) to the release close (Fri 7 Aug) |
2%
(773,382)
|
-1.18%
|
0.69%
|
-0.87%
|
48th |
Other Notable Moves
Natural Gas continued the selling from the report date close to the release close, -0.7%.
Quick Read
Soybeans posted the week's largest move with long liquidation and new shorts while still net long.
Gold added new longs and short covering into a crowded long versus the prior 52 weeks.
Brent saw long liquidation while spot moved higher.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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