Week 40, 2026
Copper leads selling while sugar attracts buying
Report date: Tue 6th Oct 26
Released: Fri 9th Oct 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators liquidated longs and added new shorts in copper in size this week. Sugar attracted the largest buying side move, but that was the smaller side of the tape.
Top Buyers This Week
Sugar
The heaviest buying of the week: new longs and short covering while still net long, +8.82% of the book. This is a second week of buying. The book is a crowded long versus the prior 52 weeks. Spot did not continue the buying from the report date close to the release close; it moved the other way, -2.6%.
Soybeans
This marks a flip from long liquidation last week. New longs and short covering while still net long, +3.92% of the book. The book is a crowded long versus the prior 52 weeks. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.8%.
Coffee
New longs and short covering while still net long, +3.64% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -6.3%.
Brent Crude
Short covering while still net short, +3.1% of the book.
Silver
New longs and short covering while still net long, +2.38% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Sugar
Spot -2.6% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
5.44%
(595,297)
|
12.57%
|
-1.8%
|
8.82%
|
100th |
|
Soybeans
Spot -0.8% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
2.85%
(448,038)
|
4.51%
|
-1.63%
|
3.92%
|
90th |
|
Coffee
Spot -6.3% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
5.1%
(77,173)
|
5.87%
|
-0.43%
|
3.64%
|
25th |
|
Brent Crude
Spot +3.4% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
-5.22%
(111,853)
|
-2.96%
|
-6.34%
|
3.1%
|
13th |
|
Silver
Spot -0.7% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
-1.79%
(44,143)
|
0.5%
|
-7.93%
|
2.38%
|
62nd |
Top Sellers This Week
Copper
The heaviest selling of the week: long liquidation and new shorts while still net long, -9.91% of the book. This is a second week of selling. Spot did not continue the selling from the report date close to the release close; it moved the other way, +1.7%.
Corn
Long liquidation and new shorts while still net long, -7.54% of the book. This is a second week of selling. The book is a crowded long versus the prior 52 weeks. Spot continued the selling from the report date close to the release close, -5.4%.
Gold
Long liquidation and new shorts while still net long, -2.95% of the book. This is a second week of selling. Spot did not continue the selling from the report date close (Tue 6 Oct) to the latest price when the report was released (Fri 9 Oct); it moved the other way, +0.6%.
Crude Oil WTI
Long liquidation while still net long, -1.7% of the book.
Natural Gas
Long liquidation and new shorts while still net short, -0.69% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Copper
Spot +1.7% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
0.94%
(148,206)
|
-11.75%
|
3.94%
|
-9.91%
|
46th |
|
Corn
Spot -5.4% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
0.14%
(710,949)
|
-8.08%
|
4.77%
|
-7.54%
|
90th |
|
Gold
Spot +0.6% from the report date close (Tue 6 Oct) to the latest price when the report was released (Fri 9 Oct) |
-2.55%
(280,471)
|
-1.74%
|
12.74%
|
-2.95%
|
83rd |
|
Crude Oil WTI
Spot +2.1% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
0.58%
(574,352)
|
-6.82%
|
-5.65%
|
-1.7%
|
37th |
|
Natural Gas
Spot +2.9% from the report date close (Tue 6 Oct) to the release close (Fri 9 Oct) |
1.9%
(780,997)
|
-1.42%
|
0.3%
|
-0.69%
|
10th |
Quick Read
Copper led the week with long liquidation and new shorts while still net long.
Sugar drew new longs and short covering into a crowded long versus the prior 52 weeks.
Corn extended selling while spot continued lower.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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