Week 36, 2026
Coffee leads selling as copper draws buying
Report date: Tue 8th Sep 26
Released: Fri 11th Sep 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators unwound positions in coffee this week with the largest absolute move. Copper posted the main buying, but that was the smaller side of the tape.
Top Buyers This Week
Copper
The book is a crowded long versus the prior 52 weeks. New longs and short covering while net long, +7.32% 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, -2.8%.
Soybeans
New longs while still net long, +5.96% of the book. This is a second week of new longs. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.3%.
Sugar
Short covering while still net long, +4.03% of the book. The book is a crowded long versus the prior 52 weeks. Spot continued the buying from the report date close to the release close, +5.8%.
Gold
New longs and short covering while still net long, +1.31% of the book.
Crude Oil WTI
New longs while still net long, +1.25% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Copper
Spot -2.8% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
5.25%
(166,524)
|
8.2%
|
-4.62%
|
7.32%
|
98th |
|
Soybeans
Spot -0.3% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
4.17%
(458,062)
|
8.38%
|
3.17%
|
5.96%
|
81st |
|
Sugar
Spot +5.8% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
0.08%
(630,058)
|
-0.64%
|
-11.01%
|
4.03%
|
100th |
|
Gold
Spot -0.2% from the report date close (Tue 8 Sep) to the latest price when the report was released (Fri 11 Sep) |
-0.96%
(290,054)
|
0.2%
|
-10.24%
|
1.31%
|
100th |
|
Crude Oil WTI
Spot +8.1% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
0.98%
(563,657)
|
5.32%
|
5.43%
|
1.25%
|
65th |
|
Corn
Spot +4.1% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
2.22%
(825,825)
|
2.87%
|
10%
|
0.79%
|
98th |
Top Sellers This Week
Coffee
The heaviest selling of the week: long liquidation and new shorts while still net long, -8.25% 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, -10.7%.
Wheat
Long liquidation while still net long, -5.31% of the book. This marks a flip from new longs and short covering last week. The book is a crowded long versus the prior 52 weeks. Spot continued the selling from the report date close to the release close, -0.5%.
Cotton
Long liquidation while still net long, -3.89% of the book. This marks a flip from new longs last week. The book is 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, +5.7%.
Brent Crude
Long liquidation and new shorts while still net short, -1.98% of the book.
Silver
New shorts while still net long, -1.57% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Coffee
Spot -10.7% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
-2.02%
(72,721)
|
-5.93%
|
12.85%
|
-8.25%
|
31st |
|
Wheat
Spot -0.5% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
3%
(253,326)
|
-9.9%
|
-0.21%
|
-5.31%
|
98th |
|
Cotton
Spot +5.7% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
-0.87%
(193,419)
|
-5.76%
|
-4.56%
|
-3.89%
|
98th |
|
Brent Crude
Spot +7.2% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
3.65%
(124,896)
|
-1.01%
|
2.48%
|
-1.98%
|
<1st |
|
Silver
Spot -2.1% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
-1.07%
(46,441)
|
2.38%
|
17.68%
|
-1.57%
|
81st |
|
Natural Gas
Spot -2.7% from the report date close (Tue 8 Sep) to the release close (Fri 11 Sep) |
0.87%
(828,173)
|
0.85%
|
2.63%
|
-1.34%
|
35th |
Other Notable Moves
Corn added new longs while still net long, +0.79% of the book.
Natural Gas added new shorts while still net short, -1.34% of the book.
Quick Read
Coffee led the week with the largest absolute move via long liquidation and new shorts while the book remained net long.
Copper flipped back to buying into a crowded long versus the prior 52 weeks.
Cotton saw spot move the other way from the selling flow.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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