Commitments of Traders · Disaggregated, futures only

What positions do traders hold in BUTTER (CASH SETTLED) futures?

In BUTTER (CASH SETTLED) futures, managed money held a net short position of 866 contracts and open interest was 20,111 contracts on 20 October 2026 (CFTC Commitments of Traders, released 23 October 2026).

Net positionsOpen interest

Net positions in BUTTER (CASH SETTLED) futures each week: managed money, producers, merchants, processors and users, swap dealers, contracts

8 November 2016 to 20 October 2026Net is long less short, ours; contracts

FromTo

−5,000010,00020182020202220242026−866+3,238+4,944

29 November 2016 Managed money +2 Producers, merchants, processors and users +738 Swap dealers +10027 December 2016 Managed money +14 Producers, merchants, processors and users +320 Swap dealers +35724 January 2017 Managed money +27 Producers, merchants, processors and users +30 Swap dealers +26921 February 2017 Managed money 0 Producers, merchants, processors and users −122 Swap dealers +29721 March 2017 Managed money −67 Producers, merchants, processors and users −1,047 Swap dealers +56818 April 2017 Managed money −72 Producers, merchants, processors and users +193 Swap dealers +55916 May 2017 Managed money −5 Producers, merchants, processors and users −467 Swap dealers +62713 June 2017 Managed money +190 Producers, merchants, processors and users −742 Swap dealers +47911 July 2017 Managed money +212 Producers, merchants, processors and users −398 Swap dealers +1938 August 2017 Managed money +225 Producers, merchants, processors and users −52 Swap dealers −2095 September 2017 Managed money +107 Producers, merchants, processors and users +20 Swap dealers −2553 October 2017 Managed money +27 Producers, merchants, processors and users +56 Swap dealers −12731 October 2017 Managed money −28 Producers, merchants, processors and users +63 Swap dealers +31228 November 2017 Managed money −220 Producers, merchants, processors and users +423 Swap dealers +28426 December 2017 Managed money −268 Producers, merchants, processors and users +466 Swap dealers +32923 January 2018 Managed money −325 Producers, merchants, processors and users +462 Swap dealers +72520 February 2018 Managed money −314 Producers, merchants, processors and users −91 Swap dealers +89820 March 2018 Managed money −225 Producers, merchants, processors and users +100 Swap dealers +82417 April 2018 Managed money −98 Producers, merchants, processors and users −446 Swap dealers +71715 May 2018 Managed money −58 Producers, merchants, processors and users −699 Swap dealers +71912 June 2018 Managed money +48 Producers, merchants, processors and users −601 Swap dealers +59810 July 2018 Managed money −166 Producers, merchants, processors and users −546 Swap dealers +5137 August 2018 Managed money −182 Producers, merchants, processors and users −642 Swap dealers +4884 September 2018 Managed money −105 Producers, merchants, processors and users −92 Swap dealers +2422 October 2018 Managed money −20 Producers, merchants, processors and users +95 Swap dealers +22230 October 2018 Managed money −56 Producers, merchants, processors and users +826 Swap dealers −5127 November 2018 Managed money −73 Producers, merchants, processors and users +1,629 Swap dealers +7924 December 2018 Managed money −48 Producers, merchants, processors and users +3,685 Swap dealers −82422 January 2019 Managed money −38 Producers, merchants, processors and users +4,409 Swap dealers −76919 February 2019 Managed money −85 Producers, merchants, processors and users +4,601 Swap dealers −88819 March 2019 Managed money −63 Producers, merchants, processors and users +4,373 Swap dealers −93116 April 2019 Managed money −71 Producers, merchants, processors and users +3,419 Swap dealers −91314 May 2019 Managed money −79 Producers, merchants, processors and users +3,516 Swap dealers −1,11111 June 2019 Managed money −48 Producers, merchants, processors and users +3,369 Swap dealers −1,2239 July 2019 Managed money +40 Producers, merchants, processors and users +2,612 Swap dealers −1,2336 August 2019 Managed money −111 Producers, merchants, processors and users +2,728 Swap dealers −1,0873 September 2019 Managed money −238 Producers, merchants, processors and users +4,037 Swap dealers −1,6381 October 2019 Managed money −275 Producers, merchants, processors and users +4,536 Swap dealers −1,91229 October 2019 Managed money −325 Producers, merchants, processors and users +4,123 Swap dealers −1,69326 November 2019 Managed money −347 Producers, merchants, processors and users +4,638 Swap dealers −1,77224 December 2019 Managed money −312 Producers, merchants, processors and users +4,953 Swap dealers −1,31621 January 2020 Managed money −369 Producers, merchants, processors and users +4,078 Swap dealers −21918 February 2020 Managed money −380 Producers, merchants, processors and users +4,116 Swap dealers −30217 March 2020 Managed money −301 Producers, merchants, processors and users +2,567 Swap dealers −31514 April 2020 Managed money −111 Producers, merchants, processors and users +1,776 Swap dealers −43812 May 2020 Managed money +14 Producers, merchants, processors and users +1,449 Swap dealers −9979 June 2020 Managed money +55 Producers, merchants, processors and users +535 Swap dealers −7427 July 2020 Managed money +80 Producers, merchants, processors and users +326 Swap dealers −5404 August 2020 Managed money +29 Producers, merchants, processors and users +1,003 Swap dealers −1,2221 September 2020 Managed money −60 Producers, merchants, processors and users +1,900 Swap dealers −1,23029 September 2020 Managed money −57 Producers, merchants, processors and users +2,036 Swap dealers −1,32127 October 2020 Managed money −99 Producers, merchants, processors and users +873 Swap dealers −1,18724 November 2020 Managed money −118 Producers, merchants, processors and users +1,390 Swap dealers −1,58921 December 2020 Managed money −107 Producers, merchants, processors and users +729 Swap dealers −78719 January 2021 Managed money −86 Producers, merchants, processors and users +589 Swap dealers −18816 February 2021 Managed money −110 Producers, merchants, processors and users +654 Swap dealers −26616 March 2021 Managed money −57 Producers, merchants, processors and users +1,322 Swap dealers −43813 April 2021 Managed money +7 Producers, merchants, processors and users +1,237 Swap dealers −61711 May 2021 Managed money −42 Producers, merchants, processors and users +986 Swap dealers −2588 June 2021 Managed money +12 Producers, merchants, processors and users +1,452 Swap dealers −9536 July 2021 Managed money −90 Producers, merchants, processors and users +1,301 Swap dealers −6373 August 2021 Managed money −102 Producers, merchants, processors and users +2,188 Swap dealers −1,02731 August 2021 Managed money −102 Producers, merchants, processors and users +2,367 Swap dealers −1,19928 September 2021 Managed money −42 Producers, merchants, processors and users +2,464 Swap dealers −75626 October 2021 Managed money 0 Producers, merchants, processors and users +2,657 Swap dealers −30023 November 2021 Managed money +58 Producers, merchants, processors and users +2,734 Swap dealers −6421 December 2021 Managed money +91 Producers, merchants, processors and users +4,144 Swap dealers +50618 January 2022 Managed money +44 Producers, merchants, processors and users +5,363 Swap dealers −33215 February 2022 Managed money −28 Producers, merchants, processors and users +6,559 Swap dealers −1,22515 March 2022 Managed money +7 Producers, merchants, processors and users +6,700 Swap dealers −1,48612 April 2022 Managed money −1 Producers, merchants, processors and users +6,346 Swap dealers −1,84210 May 2022 Managed money −119 Producers, merchants, processors and users +6,007 Swap dealers −3,3647 June 2022 Managed money −339 Producers, merchants, processors and users +5,732 Swap dealers −3,0445 July 2022 Managed money −304 Producers, merchants, processors and users +5,063 Swap dealers −2,7532 August 2022 Managed money −415 Producers, merchants, processors and users +6,308 Swap dealers −3,42130 August 2022 Managed money −377 Producers, merchants, processors and users +6,333 Swap dealers −3,36827 September 2022 Managed money −404 Producers, merchants, processors and users +6,145 Swap dealers −3,04825 October 2022 Managed money −301 Producers, merchants, processors and users +5,288 Swap dealers −2,78322 November 2022 Managed money −420 Producers, merchants, processors and users +5,424 Swap dealers −2,81320 December 2022 Managed money −387 Producers, merchants, processors and users +5,442 Swap dealers −2,48517 January 2023 Managed money −416 Producers, merchants, processors and users +5,108 Swap dealers −2,47414 February 2023 Managed money −270 Producers, merchants, processors and users +4,231 Swap dealers −1,98914 March 2023 Managed money −216 Producers, merchants, processors and users +3,907 Swap dealers −1,69911 April 2023 Managed money −186 Producers, merchants, processors and users +3,381 Swap dealers −1,4499 May 2023 Managed money −32 Producers, merchants, processors and users +3,437 Swap dealers −1,6776 June 2023 Managed money +45 Producers, merchants, processors and users +3,851 Swap dealers −1,5223 July 2023 Managed money 0 Producers, merchants, processors and users +4,055 Swap dealers −1,7871 August 2023 Managed money +130 Producers, merchants, processors and users +4,486 Swap dealers −2,22529 August 2023 Managed money +91 Producers, merchants, processors and users +4,163 Swap dealers −2,48326 September 2023 Managed money +90 Producers, merchants, processors and users +4,146 Swap dealers −2,57624 October 2023 Managed money +96 Producers, merchants, processors and users +4,053 Swap dealers −2,85221 November 2023 Managed money +14 Producers, merchants, processors and users +4,893 Swap dealers −3,28619 December 2023 Managed money +7 Producers, merchants, processors and users +5,302 Swap dealers −3,37816 January 2024 Managed money +28 Producers, merchants, processors and users +4,768 Swap dealers −3,02113 February 2024 Managed money +54 Producers, merchants, processors and users +4,125 Swap dealers −2,64612 March 2024 Managed money +96 Producers, merchants, processors and users +3,158 Swap dealers −2,2379 April 2024 Managed money +154 Producers, merchants, processors and users +2,341 Swap dealers −2,0757 May 2024 Managed money +121 Producers, merchants, processors and users +1,700 Swap dealers −1,5674 June 2024 Managed money +101 Producers, merchants, processors and users +1,325 Swap dealers −1,1482 July 2024 Managed money +56 Producers, merchants, processors and users +631 Swap dealers −59730 July 2024 Managed money +53 Producers, merchants, processors and users +138 Swap dealers −27427 August 2024 Managed money +97 Producers, merchants, processors and users +336 Swap dealers −59324 September 2024 Managed money −85 Producers, merchants, processors and users +352 Swap dealers −43922 October 2024 Managed money −133 Producers, merchants, processors and users +847 Swap dealers −44919 November 2024 Managed money −229 Producers, merchants, processors and users +1,295 Swap dealers −75117 December 2024 Managed money −350 Producers, merchants, processors and users +1,863 Swap dealers −80314 January 2025 Managed money −191 Producers, merchants, processors and users +1,127 Swap dealers −2111 February 2025 Managed money −346 Producers, merchants, processors and users +407 Swap dealers +1,08611 March 2025 Managed money −327 Producers, merchants, processors and users +60 Swap dealers +1,4388 April 2025 Managed money −317 Producers, merchants, processors and users −275 Swap dealers +1,6246 May 2025 Managed money −298 Producers, merchants, processors and users −739 Swap dealers +1,6203 June 2025 Managed money −68 Producers, merchants, processors and users −923 Swap dealers +1,5211 July 2025 Managed money +8 Producers, merchants, processors and users −1,704 Swap dealers +1,76929 July 2025 Managed money −110 Producers, merchants, processors and users −1,335 Swap dealers +2,08926 August 2025 Managed money −47 Producers, merchants, processors and users +224 Swap dealers +43523 September 2025 Managed money −27 Producers, merchants, processors and users +443 Swap dealers +79221 October 2025 Managed money −72 Producers, merchants, processors and users +953 Swap dealers +1,10118 November 2025 Managed money −99 Producers, merchants, processors and users +157 Swap dealers +1,84816 December 2025 Managed money −157 Producers, merchants, processors and users +194 Swap dealers +1,92013 January 2026 Managed money −229 Producers, merchants, processors and users +1,490 Swap dealers +1,77810 February 2026 Managed money −309 Producers, merchants, processors and users +243 Swap dealers +2,05810 March 2026 Managed money −94 Producers, merchants, processors and users −844 Swap dealers +3,0487 April 2026 Managed money −238 Producers, merchants, processors and users −1,207 Swap dealers +3,8735 May 2026 Managed money −271 Producers, merchants, processors and users +481 Swap dealers +3,0042 June 2026 Managed money −245 Producers, merchants, processors and users +963 Swap dealers +3,59130 June 2026 Managed money −285 Producers, merchants, processors and users +555 Swap dealers +4,02328 July 2026 Managed money −294 Producers, merchants, processors and users +562 Swap dealers +3,83925 August 2026 Managed money −486 Producers, merchants, processors and users +673 Swap dealers +3,91722 September 2026 Managed money −618 Producers, merchants, processors and users +2,769 Swap dealers +4,79420 October 2026 Managed money −866 Producers, merchants, processors and users +3,238 Swap dealers +4,944

−2,00002,0004,0006,000Jan 2025Jul 2025Jan 2026Jul 2026−866+3,238+4,944

22 October 2024 Managed money −133 Producers, merchants, processors and users +847 Swap dealers −44929 October 2024 Managed money −181 Producers, merchants, processors and users +1,169 Swap dealers −6145 November 2024 Managed money −177 Producers, merchants, processors and users +1,202 Swap dealers −85712 November 2024 Managed money −206 Producers, merchants, processors and users +1,344 Swap dealers −90719 November 2024 Managed money −229 Producers, merchants, processors and users +1,295 Swap dealers −75126 November 2024 Managed money −229 Producers, merchants, processors and users +1,289 Swap dealers −4353 December 2024 Managed money −339 Producers, merchants, processors and users +1,567 Swap dealers −56010 December 2024 Managed money −305 Producers, merchants, processors and users +1,778 Swap dealers −89217 December 2024 Managed money −350 Producers, merchants, processors and users +1,863 Swap dealers −80324 December 2024 Managed money −365 Producers, merchants, processors and users +1,951 Swap dealers −74431 December 2024 Managed money −316 Producers, merchants, processors and users +1,882 Swap dealers −5497 January 2025 Managed money −283 Producers, merchants, processors and users +1,376 Swap dealers −21514 January 2025 Managed money −191 Producers, merchants, processors and users +1,127 Swap dealers −2121 January 2025 Managed money −200 Producers, merchants, processors and users +637 Swap dealers +47328 January 2025 Managed money −300 Producers, merchants, processors and users +379 Swap dealers +1,0074 February 2025 Managed money −328 Producers, merchants, processors and users +296 Swap dealers +1,12911 February 2025 Managed money −346 Producers, merchants, processors and users +407 Swap dealers +1,08618 February 2025 Managed money −229 Producers, merchants, processors and users +275 Swap dealers +1,55925 February 2025 Managed money −266 Producers, merchants, processors and users +368 Swap dealers +1,7244 March 2025 Managed money −277 Producers, merchants, processors and users +203 Swap dealers +1,90211 March 2025 Managed money −327 Producers, merchants, processors and users +60 Swap dealers +1,43818 March 2025 Managed money −309 Producers, merchants, processors and users +124 Swap dealers +1,58125 March 2025 Managed money −326 Producers, merchants, processors and users −155 Swap dealers +1,9111 April 2025 Managed money −319 Producers, merchants, processors and users −282 Swap dealers +2,0788 April 2025 Managed money −317 Producers, merchants, processors and users −275 Swap dealers +1,62415 April 2025 Managed money −320 Producers, merchants, processors and users −307 Swap dealers +1,66122 April 2025 Managed money −289 Producers, merchants, processors and users −204 Swap dealers +1,69329 April 2025 Managed money −344 Producers, merchants, processors and users −279 Swap dealers +1,7496 May 2025 Managed money −298 Producers, merchants, processors and users −739 Swap dealers +1,62013 May 2025 Managed money −347 Producers, merchants, processors and users −782 Swap dealers +1,59620 May 2025 Managed money −356 Producers, merchants, processors and users −868 Swap dealers +1,65127 May 2025 Managed money −197 Producers, merchants, processors and users −861 Swap dealers +1,6033 June 2025 Managed money −68 Producers, merchants, processors and users −923 Swap dealers +1,52110 June 2025 Managed money −8 Producers, merchants, processors and users −1,149 Swap dealers +1,35617 June 2025 Managed money −16 Producers, merchants, processors and users −1,407 Swap dealers +1,45624 June 2025 Managed money +18 Producers, merchants, processors and users −1,867 Swap dealers +1,6941 July 2025 Managed money +8 Producers, merchants, processors and users −1,704 Swap dealers +1,7698 July 2025 Managed money +14 Producers, merchants, processors and users −1,383 Swap dealers +1,66215 July 2025 Managed money −15 Producers, merchants, processors and users −1,406 Swap dealers +1,70822 July 2025 Managed money −46 Producers, merchants, processors and users −1,536 Swap dealers +1,85329 July 2025 Managed money −110 Producers, merchants, processors and users −1,335 Swap dealers +2,0895 August 2025 Managed money −67 Producers, merchants, processors and users −621 Swap dealers +1,05812 August 2025 Managed money −79 Producers, merchants, processors and users −457 Swap dealers +1,08819 August 2025 Managed money −86 Producers, merchants, processors and users −481 Swap dealers +1,10026 August 2025 Managed money −47 Producers, merchants, processors and users +224 Swap dealers +4352 September 2025 Managed money −31 Producers, merchants, processors and users +429 Swap dealers +3619 September 2025 Managed money −77 Producers, merchants, processors and users +542 Swap dealers +16116 September 2025 Managed money −28 Producers, merchants, processors and users +420 Swap dealers +48423 September 2025 Managed money −27 Producers, merchants, processors and users +443 Swap dealers +79230 September 2025 Managed money −79 Producers, merchants, processors and users +354 Swap dealers +1,3527 October 2025 Managed money −85 Producers, merchants, processors and users +674 Swap dealers +94614 October 2025 Managed money −124 Producers, merchants, processors and users +1,053 Swap dealers +1,14621 October 2025 Managed money −72 Producers, merchants, processors and users +953 Swap dealers +1,10128 October 2025 Managed money −22 Producers, merchants, processors and users +381 Swap dealers +1,5934 November 2025 Managed money −43 Producers, merchants, processors and users +58 Swap dealers +1,93910 November 2025 Managed money −93 Producers, merchants, processors and users +120 Swap dealers +1,74318 November 2025 Managed money −99 Producers, merchants, processors and users +157 Swap dealers +1,84825 November 2025 Managed money −112 Producers, merchants, processors and users +494 Swap dealers +2,1272 December 2025 Managed money −119 Producers, merchants, processors and users +774 Swap dealers +1,7229 December 2025 Managed money −194 Producers, merchants, processors and users +208 Swap dealers +1,92316 December 2025 Managed money −157 Producers, merchants, processors and users +194 Swap dealers +1,92023 December 2025 Managed money −87 Producers, merchants, processors and users +88 Swap dealers +2,30730 December 2025 Managed money −97 Producers, merchants, processors and users +314 Swap dealers +2,4286 January 2026 Managed money −174 Producers, merchants, processors and users −316 Swap dealers +1,86113 January 2026 Managed money −229 Producers, merchants, processors and users +1,490 Swap dealers +1,77820 January 2026 Managed money −225 Producers, merchants, processors and users +1,527 Swap dealers +1,81427 January 2026 Managed money −200 Producers, merchants, processors and users +944 Swap dealers +1,7943 February 2026 Managed money −232 Producers, merchants, processors and users +534 Swap dealers +2,28810 February 2026 Managed money −309 Producers, merchants, processors and users +243 Swap dealers +2,05817 February 2026 Managed money −319 Producers, merchants, processors and users +280 Swap dealers +2,05724 February 2026 Managed money −218 Producers, merchants, processors and users +47 Swap dealers +2,3533 March 2026 Managed money −182 Producers, merchants, processors and users +183 Swap dealers +2,59010 March 2026 Managed money −94 Producers, merchants, processors and users −844 Swap dealers +3,04817 March 2026 Managed money −166 Producers, merchants, processors and users −814 Swap dealers +3,07324 March 2026 Managed money −153 Producers, merchants, processors and users −612 Swap dealers +3,17331 March 2026 Managed money −168 Producers, merchants, processors and users −996 Swap dealers +3,6217 April 2026 Managed money −238 Producers, merchants, processors and users −1,207 Swap dealers +3,87314 April 2026 Managed money −234 Producers, merchants, processors and users −1,375 Swap dealers +4,18221 April 2026 Managed money −193 Producers, merchants, processors and users −70 Swap dealers +3,28228 April 2026 Managed money −208 Producers, merchants, processors and users +457 Swap dealers +3,3985 May 2026 Managed money −271 Producers, merchants, processors and users +481 Swap dealers +3,00412 May 2026 Managed money −357 Producers, merchants, processors and users +680 Swap dealers +3,12219 May 2026 Managed money −281 Producers, merchants, processors and users +542 Swap dealers +3,25526 May 2026 Managed money −252 Producers, merchants, processors and users +620 Swap dealers +3,5442 June 2026 Managed money −245 Producers, merchants, processors and users +963 Swap dealers +3,5919 June 2026 Managed money −255 Producers, merchants, processors and users +600 Swap dealers +3,42316 June 2026 Managed money −252 Producers, merchants, processors and users +422 Swap dealers +3,69923 June 2026 Managed money −288 Producers, merchants, processors and users +220 Swap dealers +3,86130 June 2026 Managed money −285 Producers, merchants, processors and users +555 Swap dealers +4,0237 July 2026 Managed money −315 Producers, merchants, processors and users +437 Swap dealers +3,19614 July 2026 Managed money −324 Producers, merchants, processors and users +621 Swap dealers +3,20021 July 2026 Managed money −315 Producers, merchants, processors and users +695 Swap dealers +3,51628 July 2026 Managed money −294 Producers, merchants, processors and users +562 Swap dealers +3,8394 August 2026 Managed money −299 Producers, merchants, processors and users +698 Swap dealers +4,11111 August 2026 Managed money −393 Producers, merchants, processors and users +264 Swap dealers +3,49418 August 2026 Managed money −493 Producers, merchants, processors and users +474 Swap dealers +3,73325 August 2026 Managed money −486 Producers, merchants, processors and users +673 Swap dealers +3,9171 September 2026 Managed money −540 Producers, merchants, processors and users +1,701 Swap dealers +4,7738 September 2026 Managed money −657 Producers, merchants, processors and users +2,275 Swap dealers +4,34615 September 2026 Managed money −644 Producers, merchants, processors and users +2,410 Swap dealers +4,80522 September 2026 Managed money −618 Producers, merchants, processors and users +2,769 Swap dealers +4,79429 September 2026 Managed money −662 Producers, merchants, processors and users +3,100 Swap dealers +5,0386 October 2026 Managed money −833 Producers, merchants, processors and users +2,932 Swap dealers +4,59413 October 2026 Managed money −902 Producers, merchants, processors and users +2,874 Swap dealers +4,94820 October 2026 Managed money −866 Producers, merchants, processors and users +3,238 Swap dealers +4,944

The lines

Managed money−866
Producers, merchants, processors and users+3,238
Swap dealers+4,944

Each point is one week of BUTTER (CASH SETTLED) futures from the CFTC's Disaggregated report (futures only): the net position, long contracts less short contracts, of one group of traders, or all open contracts. The chart shows up to the newest ten years. Pointing at the chart shows the week and the value.

Select a line to followLatest: 20 Oct 2026

Managed money, net−866
Producers, merchants, processors and users, net+3,238
Swap dealers, net+4,944

Inspect and compare dates

The latest week of BUTTER (CASH SETTLED) futures beside the one before it and the nearest ones a year and five years earlier. The weeks of the last two years and every group's long and short are in the tables under "The numbers behind the chart".

Positions in BUTTER (CASH SETTLED) futures in the week of 20 October 2026 beside earlier weeks (contracts)
Measure	Latest	The week before	A year earlier	Five years earlier
Week	20 October 2026	13 October 2026	14 October 2025	19 October 2021
Open interest	20,111	19,430	14,899	7,685
Managed money, net	−866	−902	−124	0
Producers, merchants, processors and users, net	+3,238	+2,874	+1,053	+2,533
Swap dealers, net	+4,944	+4,948	+1,146	−413

The table scrolls sideways; the first column stays in place.

Observed 20 Oct 2026.

Right now

Managed money held a net short position of 866 contracts in BUTTER (CASH SETTLED) futures in the week to 20 October 2026, the largest net short since the week of 13 October 2026.

The producers, merchants, processors and users were net long 3,238 contracts that week, and swap dealers net long 4,944 contracts.

See every week of the last two years

Open interestBUTTER (CASH SETTLED), week of 20 October 2026

Open interest was 20,111 contracts in the week to 20 October 2026, the most since the week of 29 September 2026.

+681 contracts from the week before, held by 58 reporting traders.

See the long and short of each group

RecordsOurs, since the week of 28 December 2010

Open interest was highest at 21,060 contracts in the week of 29 September 2026.

Managed money held their largest net long, 250 contracts, in the week of 4 August 2015, and their largest net short, 902 contracts, in the week of 13 October 2026.

See each group's positions

The other groupsNet, and the last week larger

Producers, merchants, processors and users: net long 3,238 contracts, the largest net long since the week of 19 March 2024.

Swap dealers: net long 4,944 contracts, the largest net long since the week of 13 October 2026.

Other reportable traders: net short 7,933 contracts, the largest net short since our record begins in the week of 28 December 2010.

See each group's positions

Understanding the futures positions report

Where it stands today

Managed money were net short 866 contracts in BUTTER (CASH SETTLED) futures in the week of 20 October 2026.

Who are the groups in the report?

The CFTC's Disaggregated report, one of its Commitments of Traders reports, gives the positions held in each commodity futures market on a Tuesday, sorted by kind of trader: managed money, producers, merchants, processors and users, swap dealers, other reportable traders and traders below the reporting level.

A position is a number of contracts, long or short; swap dealers, managed money and other reportables also report spread positions, which hold both. The CFTC assigns each reporting trader to a group from the business the trader reports. This page uses the report's futures-only figures, which leave out options. The report gives the contract size of BUTTER (CASH SETTLED) futures as (CONTRACTS OF 20,000 POUNDS), and the market as BUTTER (CASH SETTLED) - CHICAGO MERCANTILE EXCHANGE.

What 500metrics adds: net positions (long less short, which leave out spread positions), the change from the week before, the records since the week of 28 December 2010, and the last week a group's net position was larger on the same side.

The numbers behind the chart

How were the BUTTER (CASH SETTLED) positions split between long and short?Week of 20 October 2026, contracts

Long, short and spread positions of each group in BUTTER (CASH SETTLED) futures (BUTTER (CASH SETTLED) - CHICAGO MERCANTILE EXCHANGE), week of 20 October 2026 (contracts; net is ours)
Group	Long	Short	Spread	Net
Managed money	0	866	73	−866
Producers, merchants, processors and users	11,900	8,662	n/a	+3,238
Swap dealers	5,691	747	1,419	+4,944
Other reportable traders	65	7,998	68	−7,933
Nonreportable (below the reporting level)	895	278	n/a	+617

The table scrolls sideways; the first column stays in place.

What were the net positions in BUTTER (CASH SETTLED) futures each week?104 weeks, newest first, since 29 October 2024

Open interest and net positions in BUTTER (CASH SETTLED) futures by week, newest first (contracts; net is ours)
Week	Open interest	Managed money, net	Producers, merchants, processors and users, net	Swap dealers, net	Other reportable traders, net
20 October 2026	20,111	−866	+3,238	+4,944	−7,933
13 October 2026	19,430	−902	+2,874	+4,948	−7,511
6 October 2026	18,540	−833	+2,932	+4,594	−7,086
29 September 2026	21,060	−662	+3,100	+5,038	−7,911
22 September 2026	20,218	−618	+2,769	+4,794	−7,355
15 September 2026	19,694	−644	+2,410	+4,805	−7,080
8 September 2026	18,457	−657	+2,275	+4,346	−6,321
1 September 2026	20,728	−540	+1,701	+4,773	−6,396
25 August 2026	18,919	−486	+673	+3,917	−4,633
18 August 2026	18,000	−493	+474	+3,733	−4,222
11 August 2026	17,220	−393	+264	+3,494	−3,833
4 August 2026	19,377	−299	+698	+4,111	−4,925
28 July 2026	18,727	−294	+562	+3,839	−4,544
21 July 2026	17,566	−315	+695	+3,516	−4,284
14 July 2026	16,835	−324	+621	+3,200	−3,911
7 July 2026	16,510	−315	+437	+3,196	−3,775
30 June 2026	18,733	−285	+555	+4,023	−4,847
23 June 2026	18,496	−288	+220	+3,861	−4,410
16 June 2026	18,004	−252	+422	+3,699	−4,448
9 June 2026	17,350	−255	+600	+3,423	−4,362
2 June 2026	18,834	−245	+963	+3,591	−4,996
26 May 2026	18,267	−252	+620	+3,544	−4,611
19 May 2026	17,743	−281	+542	+3,255	−4,240
12 May 2026	16,905	−357	+680	+3,122	−4,089
5 May 2026	16,234	−271	+481	+3,004	−3,663
28 April 2026	17,712	−208	+457	+3,398	−4,060

Show 78 more rows

Open interest and net positions in BUTTER (CASH SETTLED) futures by week, newest first (contracts; net is ours) (continued)
Week	Open interest	Managed money, net	Producers, merchants, processors and users, net	Swap dealers, net	Other reportable traders, net
21 April 2026	17,036	−193	−70	+3,282	−3,515
14 April 2026	15,918	−234	−1,375	+4,182	−3,158
7 April 2026	15,248	−238	−1,207	+3,873	−3,067
31 March 2026	17,086	−168	−996	+3,621	−3,065
24 March 2026	16,435	−153	−612	+3,173	−2,880
17 March 2026	15,970	−166	−814	+3,073	−2,605
10 March 2026	15,646	−94	−844	+3,048	−2,566
3 March 2026	18,169	−182	+183	+2,590	−2,989
24 February 2026	16,906	−218	+47	+2,353	−2,483
17 February 2026	15,522	−319	+280	+2,057	−2,248
10 February 2026	15,326	−309	+243	+2,058	−2,164
3 February 2026	17,036	−232	+534	+2,288	−2,826
27 January 2026	15,800	−200	+944	+1,794	−2,714
20 January 2026	15,381	−225	+1,527	+1,814	−3,314
13 January 2026	14,984	−229	+1,490	+1,778	−3,220
6 January 2026	14,200	−174	−316	+1,861	−1,742
30 December 2025	16,555	−97	+314	+2,428	−2,745
23 December 2025	16,224	−87	+88	+2,307	−2,380
16 December 2025	15,416	−157	+194	+1,920	−1,994
9 December 2025	14,900	−194	+208	+1,923	−1,999
2 December 2025	17,216	−119	+774	+1,722	−2,638
25 November 2025	16,919	−112	+494	+2,127	−2,719
18 November 2025	16,098	−99	+157	+1,848	−2,007
10 November 2025	15,369	−93	+120	+1,743	−1,871
4 November 2025	17,677	−43	+58	+1,939	−2,059
28 October 2025	16,768	−22	+381	+1,593	−2,015
21 October 2025	15,840	−72	+953	+1,101	−2,074
14 October 2025	14,899	−124	+1,053	+1,146	−2,198
7 October 2025	14,167	−85	+674	+946	−1,773
30 September 2025	16,278	−79	+354	+1,352	−1,639
23 September 2025	15,443	−27	+443	+792	−1,067
16 September 2025	14,170	−28	+420	+484	−752
9 September 2025	12,911	−77	+542	+161	−366
2 September 2025	14,760	−31	+429	+361	−445
26 August 2025	14,138	−47	+224	+435	−352
19 August 2025	13,273	−86	−481	+1,100	−257
12 August 2025	12,740	−79	−457	+1,088	−229
5 August 2025	12,223	−67	−621	+1,058	−247
29 July 2025	13,666	−110	−1,335	+2,089	−301
22 July 2025	13,138	−46	−1,536	+1,853	−13
15 July 2025	12,147	−15	−1,406	+1,708	−68
8 July 2025	11,604	+14	−1,383	+1,662	−75
1 July 2025	13,186	+8	−1,704	+1,769	−70
24 June 2025	12,575	+18	−1,867	+1,694	−46
17 June 2025	11,984	−16	−1,407	+1,456	−192
10 June 2025	11,501	−8	−1,149	+1,356	−404
3 June 2025	12,971	−68	−923	+1,521	−922
27 May 2025	12,176	−197	−861	+1,603	−862
20 May 2025	11,849	−356	−868	+1,651	−804
13 May 2025	11,648	−347	−782	+1,596	−627
6 May 2025	11,252	−298	−739	+1,620	−637
29 April 2025	12,538	−344	−279	+1,749	−1,298
22 April 2025	12,074	−289	−204	+1,693	−1,222
15 April 2025	11,738	−320	−307	+1,661	−1,118
8 April 2025	11,541	−317	−275	+1,624	−1,032
1 April 2025	13,345	−319	−282	+2,078	−1,358
25 March 2025	13,067	−326	−155	+1,911	−1,387
18 March 2025	12,739	−309	+124	+1,581	−1,399
11 March 2025	12,487	−327	+60	+1,438	−1,174
4 March 2025	14,246	−277	+203	+1,902	−1,661
25 February 2025	13,879	−266	+368	+1,724	−1,600
18 February 2025	13,268	−229	+275	+1,559	−1,398
11 February 2025	12,791	−346	+407	+1,086	−1,154
4 February 2025	13,613	−328	+296	+1,129	−1,125
28 January 2025	12,950	−300	+379	+1,007	−1,140
21 January 2025	11,940	−200	+637	+473	−979
14 January 2025	11,272	−191	+1,127	−21	−919
7 January 2025	10,927	−283	+1,376	−215	−833
31 December 2024	12,564	−316	+1,882	−549	−1,095
24 December 2024	12,272	−365	+1,951	−744	−944
17 December 2024	12,121	−350	+1,863	−803	−904
10 December 2024	11,741	−305	+1,778	−892	−795
3 December 2024	13,491	−339	+1,567	−560	−953
26 November 2024	13,306	−229	+1,289	−435	−883
19 November 2024	12,703	−229	+1,295	−751	−534
12 November 2024	12,088	−206	+1,344	−907	−386
5 November 2024	11,195	−177	+1,202	−857	−225
29 October 2024	11,940	−181	+1,169	−614	−189

The table scrolls sideways; the first column stays in place.

What do these figures leave out, and how are they cited?Limits, dates and how to cite

What this number cannot tell you

Positions are those of the Tuesday the report is dated; the CFTC released the report on 23 October 2026.
A trader's group comes from the CFTC's own classification. Nonreportable positions are open interest less the reportable positions.
Net positions leave out spread positions, so a group's long and short do not account for all of its contracts.
Records and ranks are counted from the week of 28 December 2010, the start of this market's latest run of weekly reports. The CFTC can revise a week in a later report, and our collector keeps the earlier figure.
Contracts are not comparable between markets: the size of one is the CFTC's contract size above.
Market names are the CFTC's own, written as it writes them. 500metrics is independent and is not affiliated with, sponsored or endorsed by any index provider, exchange or company named in them.

Observed 20 Oct 2026. Checked 29 Oct 2026, 12:51 UTC.

How to cite this

U.S. Commodity Futures Trading Commission, Commitments of Traders, Disaggregated report (futures only), BUTTER (CASH SETTLED) - CHICAGO MERCANTILE EXCHANGE, week of 20 October 2026, released 23 October 2026. Compiled by 500metrics, "What positions do traders hold in BUTTER (CASH SETTLED) futures?", https://500metrics.com/futures-positions/butter.

Page updated 29 Oct 2026, 12:53 UTC

Net positions in BUTTER (CASH SETTLED) futures each week: managed money, producers, merchants, processors and users, swap dealers, contracts

Open interest in BUTTER (CASH SETTLED) futures each week, contracts

Right now

Open interestBUTTER (CASH SETTLED), week of 20 October 2026

RecordsOurs, since the week of 28 December 2010

The other groupsNet, and the last week larger

Understanding the futures positions report

Who are the groups in the report?

The numbers behind the chart

What this number cannot tell you

How to cite this