Week 39, 2026
Silver leads selling as Brent adds longs
Report date: Tue 29th Sep 26
Released: Fri 2nd Oct 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators unwound positions in Silver in size this week. Brent bought, but that was the smaller side of the tape.
Top Buyers This Week
Brent Crude
The book is a crowded short versus the prior 52 weeks. New longs and short covering, +6.81% 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, +6.3%.
Coffee
New longs and short covering while net long, +4.38% 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, -0.2%.
Sugar
Short covering while net long, +0.72% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Brent Crude
Spot +6.3% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
-3.26%
(117,941)
|
1.52%
|
-9.33%
|
6.81%
|
10th |
|
Coffee
Spot -0.2% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
1.22%
(74,718)
|
5.31%
|
-3.14%
|
4.38%
|
19th |
|
Sugar
Spot +11.8% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
-4.23%
(553,410)
|
-0.56%
|
-3.06%
|
0.72%
|
98th |
Top Sellers This Week
Silver
Long liquidation and new shorts while net long, -7.65% of the book. This marks a flip from short covering last week. Spot continued the selling from the report date close to the release close, -0.7%.
Crude Oil WTI
New shorts while net long, -5.45% of the book. This marks a flip from short covering last week. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.9%.
Soybeans
Long liquidation while net long, -5.38% of the book. This marks a flip from new longs and short covering last week. Spot continued the selling from the report date close to the release close, -1.5%.
Cotton
Long liquidation and new shorts while net long, -3.7% of the book.
Wheat
Long liquidation and new shorts while net short, -3.68% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Silver
Spot -0.7% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
0.54%
(44,881)
|
-3.51%
|
23.14%
|
-7.65%
|
38th |
|
Crude Oil WTI
Spot +1.9% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
2%
(613,239)
|
0.15%
|
14.65%
|
-5.45%
|
37th |
|
Soybeans
Spot -1.5% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
-2.16%
(433,894)
|
-6.79%
|
-0.49%
|
-5.38%
|
75th |
|
Cotton
Spot +0.0% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
1.43%
(168,665)
|
-4.09%
|
2.14%
|
-3.7%
|
90th |
|
Wheat
Spot -1.4% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
-0.03%
(246,782)
|
-4.13%
|
3.24%
|
-3.68%
|
63rd |
|
Corn
Spot -4.6% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
0.15%
(756,203)
|
-4.88%
|
-4.74%
|
-3.31%
|
94th |
|
Copper
Spot -0.8% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
-0.15%
(161,199)
|
-4.71%
|
-2.53%
|
-3.04%
|
83rd |
|
Gold
Spot -0.1% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
-1.54%
(280,840)
|
-1.67%
|
10.58%
|
-2.56%
|
90th |
|
Natural Gas
Spot +0.8% from the report date close (Tue 29 Sep) to the release close (Fri 2 Oct) |
-2.99%
(783,404)
|
-9.85%
|
-3%
|
-1.75%
|
12th |
Other Notable Moves
Corn saw long liquidation while net long; spot continued the selling from the report date close to the release close, -4.6%.
Copper saw long liquidation while net long; spot continued the selling from the report date close to the release close, -0.8%.
Gold saw long liquidation and new shorts while net long; spot continued the selling from the report date close to the release close, -0.1%.
Natural Gas saw long liquidation while net short; spot did not continue the selling from the report date close to the release close; it moved the other way, +0.8%.
Quick Read
Silver posted the largest absolute move with long liquidation and new shorts while still net long.
Brent added new longs and short covering into a crowded short versus the prior 52 weeks.
WTI added new shorts while Brent bought.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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