Week 37, 2026
Copper leads heavy selling as sugar attracts buying
Report date: Tue 15th Sep 26
Released: Fri 18th Sep 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators liquidated longs and added shorts in copper in size this week. Sugar saw the main buying side move, though smaller.
Top Buyers This Week
Sugar
The book is a crowded long versus the prior 52 weeks. Short covering while net long, +3.86% of the book. This is a second week of short covering. Spot continued the buying from the report date close to the release close, +1.9%.
Brent Crude
New longs while net short, +0.97% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Sugar
Spot +1.9% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
-4.47%
(572,323)
|
-4.24%
|
-17.39%
|
3.86%
|
100th |
|
Brent Crude
Spot -5.0% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
-0.68%
(128,279)
|
5.53%
|
1.31%
|
0.97%
|
4th |
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, -10.41% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +5.2%.
Wheat
This is a second week of long liquidation and new shorts. Long liquidation and new shorts while net long, -3.65% of the book. The book is a crowded long versus the prior 52 weeks. Spot continued the selling from the report date close to the release close, -2.1%.
Coffee
Long liquidation and new shorts while net long, -3.48% of the book. Spot continued the selling from the report date close to the release close, -7.5%.
Cotton
Long liquidation while net long, -3.09% of the book.
Soybeans
Long liquidation and new shorts while net long, -2.67% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Copper
Spot +5.2% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
-2.7%
(159,196)
|
-9.53%
|
13.52%
|
-10.41%
|
54th |
|
Wheat
Spot -2.1% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
0.09%
(252,456)
|
-3.83%
|
3.45%
|
-3.65%
|
96th |
|
Coffee
Spot -7.5% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
-1.1%
(72,600)
|
-2.92%
|
4.4%
|
-3.48%
|
21st |
|
Cotton
Spot +0.1% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
-0.05%
(186,119)
|
-4.2%
|
-1.87%
|
-3.09%
|
94th |
|
Soybeans
Spot -1.2% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
3.22%
(451,983)
|
-2.5%
|
3.34%
|
-2.67%
|
67th |
|
Silver
Spot +5.0% from the report date close (Tue 15 Sep) to the release close (Fri 18 Sep) |
0.48%
(45,464)
|
-2.35%
|
-1.25%
|
-1.56%
|
81st |
|
Gold
Spot +2.0% from the report date close (Tue 15 Sep) to the latest price when the report was released (Fri 18 Sep) |
-0.32%
(285,780)
|
-1.13%
|
-4.57%
|
-0.56%
|
100th |
Other Notable Moves
Silver: Spot did not continue the selling from the report date close to the release close; it moved the other way, +5.0%.
Gold: Spot did not continue the selling from the report date close (Tue 15 Sep) to the latest price when the report was released (Fri 18 Sep); it moved the other way, +2.0%.
Quick Read
Copper saw the heaviest selling with long liquidation and new shorts after flipping from buying last week.
Sugar continued short covering into a crowded long versus the prior 52 weeks.
Spot moved against the selling in copper and silver.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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