Commitments of Traders · Disaggregated, futures only

What positions do traders hold in COPPER- #1 futures?

In COPPER- #1 futures, managed money held a net long position of 47,690 contracts and open interest was 327,119 contracts on 20 October 2026 (CFTC Commitments of Traders, released 23 October 2026).

Net positionsOpen interest

Net positions in COPPER- #1 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

−200K−100K100K200K20182020202220242026+47,690−77,406+13,110

29 November 2016 Managed money +80,968 Producers, merchants, processors and users −83,274 Swap dealers +30,67427 December 2016 Managed money +72,152 Producers, merchants, processors and users −77,516 Swap dealers +29,13424 January 2017 Managed money +91,341 Producers, merchants, processors and users −85,638 Swap dealers +33,91421 February 2017 Managed money +78,790 Producers, merchants, processors and users −79,163 Swap dealers +31,24521 March 2017 Managed money +54,680 Producers, merchants, processors and users −63,112 Swap dealers +37,25518 April 2017 Managed money +39,154 Producers, merchants, processors and users −58,707 Swap dealers +40,31516 May 2017 Managed money +37,936 Producers, merchants, processors and users −45,238 Swap dealers +37,95013 June 2017 Managed money +62,794 Producers, merchants, processors and users −59,474 Swap dealers +38,87711 July 2017 Managed money +66,510 Producers, merchants, processors and users −57,608 Swap dealers +42,7078 August 2017 Managed money +112,185 Producers, merchants, processors and users −74,213 Swap dealers +40,2865 September 2017 Managed money +125,372 Producers, merchants, processors and users −87,558 Swap dealers +35,9193 October 2017 Managed money +90,001 Producers, merchants, processors and users −69,059 Swap dealers +29,27031 October 2017 Managed money +105,123 Producers, merchants, processors and users −82,305 Swap dealers +29,86228 November 2017 Managed money +81,779 Producers, merchants, processors and users −82,275 Swap dealers +31,40426 December 2017 Managed money +99,659 Producers, merchants, processors and users −81,740 Swap dealers +28,92723 January 2018 Managed money +61,164 Producers, merchants, processors and users −87,105 Swap dealers +27,64220 February 2018 Managed money +47,137 Producers, merchants, processors and users −79,683 Swap dealers +24,99320 March 2018 Managed money +18,675 Producers, merchants, processors and users −69,763 Swap dealers +29,15517 April 2018 Managed money +22,489 Producers, merchants, processors and users −69,112 Swap dealers +32,93315 May 2018 Managed money +25,697 Producers, merchants, processors and users −71,993 Swap dealers +30,71612 June 2018 Managed money +80,252 Producers, merchants, processors and users −98,150 Swap dealers +26,62410 July 2018 Managed money −13,575 Producers, merchants, processors and users −52,806 Swap dealers +36,0687 August 2018 Managed money −30,836 Producers, merchants, processors and users −44,157 Swap dealers +38,7014 September 2018 Managed money −26,228 Producers, merchants, processors and users −32,843 Swap dealers +37,8492 October 2018 Managed money −116 Producers, merchants, processors and users −46,801 Swap dealers +33,52930 October 2018 Managed money −14,762 Producers, merchants, processors and users −36,699 Swap dealers +34,37827 November 2018 Managed money +4,255 Producers, merchants, processors and users −43,029 Swap dealers +32,79324 December 2018 Managed money −20,764 Producers, merchants, processors and users −26,310 Swap dealers +35,52422 January 2019 Managed money −40,482 Producers, merchants, processors and users −17,229 Swap dealers +39,45219 February 2019 Managed money −6,617 Producers, merchants, processors and users −39,098 Swap dealers +36,66119 March 2019 Managed money +8,149 Producers, merchants, processors and users −54,295 Swap dealers +33,22616 April 2019 Managed money +1,157 Producers, merchants, processors and users −48,790 Swap dealers +38,96014 May 2019 Managed money −35,706 Producers, merchants, processors and users −20,168 Swap dealers +35,88011 June 2019 Managed money −52,305 Producers, merchants, processors and users −14,266 Swap dealers +41,3729 July 2019 Managed money −56,981 Producers, merchants, processors and users −6,256 Swap dealers +41,2716 August 2019 Managed money −75,114 Producers, merchants, processors and users +12,325 Swap dealers +44,6423 September 2019 Managed money −70,914 Producers, merchants, processors and users +14,943 Swap dealers +44,0541 October 2019 Managed money −62,812 Producers, merchants, processors and users +599 Swap dealers +42,44729 October 2019 Managed money −21,912 Producers, merchants, processors and users −20,497 Swap dealers +44,59126 November 2019 Managed money −37,822 Producers, merchants, processors and users −7,819 Swap dealers +44,45724 December 2019 Managed money +8,430 Producers, merchants, processors and users −49,514 Swap dealers +42,09821 January 2020 Managed money +6,136 Producers, merchants, processors and users −55,481 Swap dealers +43,57918 February 2020 Managed money −56,434 Producers, merchants, processors and users −8,999 Swap dealers +46,62917 March 2020 Managed money −42,685 Producers, merchants, processors and users −1,136 Swap dealers +40,93814 April 2020 Managed money −26,833 Producers, merchants, processors and users −11,839 Swap dealers +37,63812 May 2020 Managed money −12,719 Producers, merchants, processors and users −17,880 Swap dealers +35,1529 June 2020 Managed money +15,771 Producers, merchants, processors and users −45,502 Swap dealers +33,1667 July 2020 Managed money +31,753 Producers, merchants, processors and users −57,235 Swap dealers +30,4824 August 2020 Managed money +53,351 Producers, merchants, processors and users −70,962 Swap dealers +26,7231 September 2020 Managed money +69,120 Producers, merchants, processors and users −89,288 Swap dealers +28,97329 September 2020 Managed money +76,698 Producers, merchants, processors and users −84,876 Swap dealers +28,54727 October 2020 Managed money +87,897 Producers, merchants, processors and users −94,005 Swap dealers +22,85624 November 2020 Managed money +79,713 Producers, merchants, processors and users −103,792 Swap dealers +25,10321 December 2020 Managed money +85,991 Producers, merchants, processors and users −104,343 Swap dealers +23,85119 January 2021 Managed money +77,858 Producers, merchants, processors and users −98,857 Swap dealers +21,70016 February 2021 Managed money +86,668 Producers, merchants, processors and users −109,630 Swap dealers +23,96016 March 2021 Managed money +43,601 Producers, merchants, processors and users −85,816 Swap dealers +27,64913 April 2021 Managed money +37,121 Producers, merchants, processors and users −77,751 Swap dealers +29,13711 May 2021 Managed money +60,207 Producers, merchants, processors and users −92,700 Swap dealers +34,3818 June 2021 Managed money +23,678 Producers, merchants, processors and users −59,667 Swap dealers +33,5646 July 2021 Managed money +30,923 Producers, merchants, processors and users −61,220 Swap dealers +35,6383 August 2021 Managed money +38,646 Producers, merchants, processors and users −76,638 Swap dealers +31,44831 August 2021 Managed money +30,968 Producers, merchants, processors and users −66,356 Swap dealers +39,25728 September 2021 Managed money +28,958 Producers, merchants, processors and users −61,670 Swap dealers +39,95026 October 2021 Managed money +47,069 Producers, merchants, processors and users −84,673 Swap dealers +38,80323 November 2021 Managed money +19,146 Producers, merchants, processors and users −60,960 Swap dealers +40,01921 December 2021 Managed money +10,009 Producers, merchants, processors and users −47,229 Swap dealers +37,45218 January 2022 Managed money +27,790 Producers, merchants, processors and users −70,055 Swap dealers +39,51715 February 2022 Managed money +35,973 Producers, merchants, processors and users −82,245 Swap dealers +42,82415 March 2022 Managed money +28,755 Producers, merchants, processors and users −69,598 Swap dealers +42,88112 April 2022 Managed money +27,387 Producers, merchants, processors and users −70,410 Swap dealers +41,16110 May 2022 Managed money −18,947 Producers, merchants, processors and users −31,499 Swap dealers +50,7487 June 2022 Managed money +4,116 Producers, merchants, processors and users −51,203 Swap dealers +52,0825 July 2022 Managed money −26,727 Producers, merchants, processors and users −13,966 Swap dealers +45,3062 August 2022 Managed money −18,166 Producers, merchants, processors and users −17,802 Swap dealers +45,47430 August 2022 Managed money −8,667 Producers, merchants, processors and users −18,617 Swap dealers +43,60227 September 2022 Managed money −11,196 Producers, merchants, processors and users −13,630 Swap dealers +42,51425 October 2022 Managed money −3,288 Producers, merchants, processors and users −23,504 Swap dealers +39,41122 November 2022 Managed money +13,941 Producers, merchants, processors and users −39,890 Swap dealers +33,77720 December 2022 Managed money +14,213 Producers, merchants, processors and users −41,694 Swap dealers +38,18717 January 2023 Managed money +32,954 Producers, merchants, processors and users −63,700 Swap dealers +41,00514 February 2023 Managed money +7,485 Producers, merchants, processors and users −51,364 Swap dealers +49,06214 March 2023 Managed money −9,212 Producers, merchants, processors and users −48,172 Swap dealers +55,27911 April 2023 Managed money +5,160 Producers, merchants, processors and users −53,607 Swap dealers +52,3909 May 2023 Managed money −16,828 Producers, merchants, processors and users −34,942 Swap dealers +54,6746 June 2023 Managed money −12,277 Producers, merchants, processors and users −26,585 Swap dealers +51,1953 July 2023 Managed money +8,966 Producers, merchants, processors and users −42,846 Swap dealers +49,4591 August 2023 Managed money +19,783 Producers, merchants, processors and users −62,813 Swap dealers +44,66429 August 2023 Managed money −6,435 Producers, merchants, processors and users −27,233 Swap dealers +42,72026 September 2023 Managed money −21,377 Producers, merchants, processors and users −6,668 Swap dealers +33,86024 October 2023 Managed money −17,704 Producers, merchants, processors and users −7,605 Swap dealers +29,00621 November 2023 Managed money +10,294 Producers, merchants, processors and users −28,609 Swap dealers +34,14419 December 2023 Managed money +15,067 Producers, merchants, processors and users −33,280 Swap dealers +25,63416 January 2024 Managed money −27,158 Producers, merchants, processors and users −16,985 Swap dealers +39,83613 February 2024 Managed money −43,928 Producers, merchants, processors and users −9,630 Swap dealers +40,05612 March 2024 Managed money +5,783 Producers, merchants, processors and users −39,847 Swap dealers +32,4029 April 2024 Managed money +43,232 Producers, merchants, processors and users −69,105 Swap dealers +19,5997 May 2024 Managed money +61,851 Producers, merchants, processors and users −89,076 Swap dealers +19,0644 June 2024 Managed money +55,050 Producers, merchants, processors and users −86,608 Swap dealers +11,8932 July 2024 Managed money +33,747 Producers, merchants, processors and users −76,586 Swap dealers +14,45930 July 2024 Managed money +10,205 Producers, merchants, processors and users −53,266 Swap dealers +17,60327 August 2024 Managed money +16,587 Producers, merchants, processors and users −43,190 Swap dealers +17,18824 September 2024 Managed money +32,848 Producers, merchants, processors and users −56,023 Swap dealers +16,39622 October 2024 Managed money +23,240 Producers, merchants, processors and users −61,074 Swap dealers +17,21419 November 2024 Managed money +9,336 Producers, merchants, processors and users −42,975 Swap dealers +21,13317 December 2024 Managed money +6,382 Producers, merchants, processors and users −36,368 Swap dealers +24,61814 January 2025 Managed money +14,565 Producers, merchants, processors and users −37,201 Swap dealers +22,65811 February 2025 Managed money +24,433 Producers, merchants, processors and users −46,293 Swap dealers +21,45111 March 2025 Managed money +14,216 Producers, merchants, processors and users −41,722 Swap dealers +19,6668 April 2025 Managed money +14,166 Producers, merchants, processors and users −31,329 Swap dealers +9,9006 May 2025 Managed money +22,085 Producers, merchants, processors and users −33,026 Swap dealers +10,6713 June 2025 Managed money +23,165 Producers, merchants, processors and users −36,012 Swap dealers +8,9991 July 2025 Managed money +31,790 Producers, merchants, processors and users −42,928 Swap dealers +5,63529 July 2025 Managed money +36,660 Producers, merchants, processors and users −42,382 Swap dealers +5,30626 August 2025 Managed money +28,754 Producers, merchants, processors and users −49,402 Swap dealers +14,40823 September 2025 Managed money +43,389 Producers, merchants, processors and users −55,108 Swap dealers +16,85521 October 2025 Managed money +56,676 Producers, merchants, processors and users −69,959 Swap dealers +17,82618 November 2025 Managed money +61,603 Producers, merchants, processors and users −80,055 Swap dealers +16,93516 December 2025 Managed money +75,134 Producers, merchants, processors and users −92,012 Swap dealers +13,13313 January 2026 Managed money +63,391 Producers, merchants, processors and users −82,723 Swap dealers +13,76110 February 2026 Managed money +55,564 Producers, merchants, processors and users −80,967 Swap dealers +20,17510 March 2026 Managed money +47,676 Producers, merchants, processors and users −86,859 Swap dealers +24,2267 April 2026 Managed money +38,393 Producers, merchants, processors and users −80,781 Swap dealers +29,1665 May 2026 Managed money +63,473 Producers, merchants, processors and users −101,414 Swap dealers +29,3972 June 2026 Managed money +75,747 Producers, merchants, processors and users −114,904 Swap dealers +26,25930 June 2026 Managed money +59,703 Producers, merchants, processors and users −89,338 Swap dealers +16,24428 July 2026 Managed money +65,008 Producers, merchants, processors and users −85,279 Swap dealers +9,11825 August 2026 Managed money +76,271 Producers, merchants, processors and users −100,023 Swap dealers +4,97422 September 2026 Managed money +82,522 Producers, merchants, processors and users −112,575 Swap dealers +12,14020 October 2026 Managed money +47,690 Producers, merchants, processors and users −77,406 Swap dealers +13,110

−150K−100K−50K0100KJan 2025Jul 2025Jan 2026Jul 2026+47,690−77,406+13,110

22 October 2024 Managed money +23,240 Producers, merchants, processors and users −61,074 Swap dealers +17,21429 October 2024 Managed money +17,520 Producers, merchants, processors and users −58,280 Swap dealers +24,0415 November 2024 Managed money +18,930 Producers, merchants, processors and users −58,794 Swap dealers +24,58312 November 2024 Managed money +9,899 Producers, merchants, processors and users −52,364 Swap dealers +21,95119 November 2024 Managed money +9,336 Producers, merchants, processors and users −42,975 Swap dealers +21,13326 November 2024 Managed money +9,219 Producers, merchants, processors and users −43,918 Swap dealers +28,1573 December 2024 Managed money +11,687 Producers, merchants, processors and users −40,052 Swap dealers +25,26910 December 2024 Managed money +13,539 Producers, merchants, processors and users −41,521 Swap dealers +24,63217 December 2024 Managed money +6,382 Producers, merchants, processors and users −36,368 Swap dealers +24,61824 December 2024 Managed money +1,438 Producers, merchants, processors and users −31,771 Swap dealers +23,77431 December 2024 Managed money −4,319 Producers, merchants, processors and users −31,410 Swap dealers +25,5087 January 2025 Managed money +6,182 Producers, merchants, processors and users −30,996 Swap dealers +24,57314 January 2025 Managed money +14,565 Producers, merchants, processors and users −37,201 Swap dealers +22,65821 January 2025 Managed money +19,314 Producers, merchants, processors and users −42,966 Swap dealers +21,23728 January 2025 Managed money +16,542 Producers, merchants, processors and users −39,339 Swap dealers +20,9824 February 2025 Managed money +18,464 Producers, merchants, processors and users −39,200 Swap dealers +20,49011 February 2025 Managed money +24,433 Producers, merchants, processors and users −46,293 Swap dealers +21,45118 February 2025 Managed money +30,046 Producers, merchants, processors and users −46,958 Swap dealers +22,23825 February 2025 Managed money +18,657 Producers, merchants, processors and users −42,944 Swap dealers +20,3364 March 2025 Managed money +8,902 Producers, merchants, processors and users −37,374 Swap dealers +21,18511 March 2025 Managed money +14,216 Producers, merchants, processors and users −41,722 Swap dealers +19,66618 March 2025 Managed money +23,952 Producers, merchants, processors and users −43,652 Swap dealers +16,10025 March 2025 Managed money +36,696 Producers, merchants, processors and users −43,854 Swap dealers +9,3241 April 2025 Managed money +34,432 Producers, merchants, processors and users −40,088 Swap dealers +8,9798 April 2025 Managed money +14,166 Producers, merchants, processors and users −31,329 Swap dealers +9,90015 April 2025 Managed money +13,370 Producers, merchants, processors and users −30,635 Swap dealers +10,46322 April 2025 Managed money +16,155 Producers, merchants, processors and users −31,995 Swap dealers +8,34529 April 2025 Managed money +18,926 Producers, merchants, processors and users −30,762 Swap dealers +10,6986 May 2025 Managed money +22,085 Producers, merchants, processors and users −33,026 Swap dealers +10,67113 May 2025 Managed money +23,792 Producers, merchants, processors and users −33,842 Swap dealers +9,49920 May 2025 Managed money +20,882 Producers, merchants, processors and users −33,015 Swap dealers +9,59227 May 2025 Managed money +20,837 Producers, merchants, processors and users −31,806 Swap dealers +5,7313 June 2025 Managed money +23,165 Producers, merchants, processors and users −36,012 Swap dealers +8,99910 June 2025 Managed money +25,612 Producers, merchants, processors and users −37,805 Swap dealers +7,52117 June 2025 Managed money +22,648 Producers, merchants, processors and users −36,450 Swap dealers +7,76724 June 2025 Managed money +28,249 Producers, merchants, processors and users −37,417 Swap dealers +5,6981 July 2025 Managed money +31,790 Producers, merchants, processors and users −42,928 Swap dealers +5,6358 July 2025 Managed money +37,638 Producers, merchants, processors and users −47,143 Swap dealers +6,04115 July 2025 Managed money +39,303 Producers, merchants, processors and users −46,692 Swap dealers +4,66722 July 2025 Managed money +39,279 Producers, merchants, processors and users −46,245 Swap dealers +5,63129 July 2025 Managed money +36,660 Producers, merchants, processors and users −42,382 Swap dealers +5,3065 August 2025 Managed money +18,249 Producers, merchants, processors and users −45,947 Swap dealers +13,18512 August 2025 Managed money +25,168 Producers, merchants, processors and users −49,463 Swap dealers +11,43019 August 2025 Managed money +25,609 Producers, merchants, processors and users −47,555 Swap dealers +12,19026 August 2025 Managed money +28,754 Producers, merchants, processors and users −49,402 Swap dealers +14,4082 September 2025 Managed money +35,556 Producers, merchants, processors and users −48,071 Swap dealers +14,1219 September 2025 Managed money +38,375 Producers, merchants, processors and users −51,763 Swap dealers +15,74816 September 2025 Managed money +42,097 Producers, merchants, processors and users −55,169 Swap dealers +16,74523 September 2025 Managed money +43,389 Producers, merchants, processors and users −55,108 Swap dealers +16,85530 September 2025 Managed money +48,425 Producers, merchants, processors and users −62,044 Swap dealers +19,4947 October 2025 Managed money +56,449 Producers, merchants, processors and users −69,239 Swap dealers +18,36714 October 2025 Managed money +58,384 Producers, merchants, processors and users −68,913 Swap dealers +15,67021 October 2025 Managed money +56,676 Producers, merchants, processors and users −69,959 Swap dealers +17,82628 October 2025 Managed money +61,994 Producers, merchants, processors and users −81,485 Swap dealers +20,6824 November 2025 Managed money +60,729 Producers, merchants, processors and users −82,568 Swap dealers +13,98410 November 2025 Managed money +63,284 Producers, merchants, processors and users −84,135 Swap dealers +15,27918 November 2025 Managed money +61,603 Producers, merchants, processors and users −80,055 Swap dealers +16,93525 November 2025 Managed money +57,547 Producers, merchants, processors and users −73,192 Swap dealers +19,1912 December 2025 Managed money +63,459 Producers, merchants, processors and users −81,486 Swap dealers +14,9709 December 2025 Managed money +70,484 Producers, merchants, processors and users −90,159 Swap dealers +13,97616 December 2025 Managed money +75,134 Producers, merchants, processors and users −92,012 Swap dealers +13,13323 December 2025 Managed money +75,619 Producers, merchants, processors and users −95,818 Swap dealers +15,37230 December 2025 Managed money +71,019 Producers, merchants, processors and users −85,059 Swap dealers +12,3516 January 2026 Managed money +68,242 Producers, merchants, processors and users −85,355 Swap dealers +13,34113 January 2026 Managed money +63,391 Producers, merchants, processors and users −82,723 Swap dealers +13,76120 January 2026 Managed money +62,806 Producers, merchants, processors and users −89,963 Swap dealers +20,77727 January 2026 Managed money +58,018 Producers, merchants, processors and users −86,956 Swap dealers +22,1443 February 2026 Managed money +55,923 Producers, merchants, processors and users −82,035 Swap dealers +19,48410 February 2026 Managed money +55,564 Producers, merchants, processors and users −80,967 Swap dealers +20,17517 February 2026 Managed money +53,774 Producers, merchants, processors and users −96,867 Swap dealers +22,98124 February 2026 Managed money +51,027 Producers, merchants, processors and users −95,787 Swap dealers +23,4393 March 2026 Managed money +48,494 Producers, merchants, processors and users −91,801 Swap dealers +22,05710 March 2026 Managed money +47,676 Producers, merchants, processors and users −86,859 Swap dealers +24,22617 March 2026 Managed money +46,558 Producers, merchants, processors and users −85,233 Swap dealers +25,79924 March 2026 Managed money +35,284 Producers, merchants, processors and users −72,073 Swap dealers +25,78531 March 2026 Managed money +39,172 Producers, merchants, processors and users −77,345 Swap dealers +27,5367 April 2026 Managed money +38,393 Producers, merchants, processors and users −80,781 Swap dealers +29,16614 April 2026 Managed money +52,333 Producers, merchants, processors and users −94,436 Swap dealers +30,29521 April 2026 Managed money +59,585 Producers, merchants, processors and users −99,828 Swap dealers +30,49328 April 2026 Managed money +60,937 Producers, merchants, processors and users −103,114 Swap dealers +31,0855 May 2026 Managed money +63,473 Producers, merchants, processors and users −101,414 Swap dealers +29,39712 May 2026 Managed money +74,488 Producers, merchants, processors and users −114,732 Swap dealers +27,58919 May 2026 Managed money +74,188 Producers, merchants, processors and users −111,707 Swap dealers +26,20826 May 2026 Managed money +70,500 Producers, merchants, processors and users −110,891 Swap dealers +27,1792 June 2026 Managed money +75,747 Producers, merchants, processors and users −114,904 Swap dealers +26,2599 June 2026 Managed money +69,204 Producers, merchants, processors and users −109,260 Swap dealers +25,32516 June 2026 Managed money +69,008 Producers, merchants, processors and users −102,264 Swap dealers +17,85623 June 2026 Managed money +66,547 Producers, merchants, processors and users −97,586 Swap dealers +17,10830 June 2026 Managed money +59,703 Producers, merchants, processors and users −89,338 Swap dealers +16,2447 July 2026 Managed money +58,784 Producers, merchants, processors and users −90,983 Swap dealers +17,81314 July 2026 Managed money +60,185 Producers, merchants, processors and users −86,384 Swap dealers +12,76821 July 2026 Managed money +71,515 Producers, merchants, processors and users −91,208 Swap dealers +9,09628 July 2026 Managed money +65,008 Producers, merchants, processors and users −85,279 Swap dealers +9,1184 August 2026 Managed money +75,758 Producers, merchants, processors and users −92,844 Swap dealers +6,67511 August 2026 Managed money +79,027 Producers, merchants, processors and users −97,517 Swap dealers +6,27118 August 2026 Managed money +78,648 Producers, merchants, processors and users −96,274 Swap dealers +6,13425 August 2026 Managed money +76,271 Producers, merchants, processors and users −100,023 Swap dealers +4,9741 September 2026 Managed money +72,882 Producers, merchants, processors and users −97,022 Swap dealers +4,9158 September 2026 Managed money +82,154 Producers, merchants, processors and users −111,865 Swap dealers +7,22115 September 2026 Managed money +65,106 Producers, merchants, processors and users −98,018 Swap dealers +13,63122 September 2026 Managed money +82,522 Producers, merchants, processors and users −112,575 Swap dealers +12,14029 September 2026 Managed money +78,058 Producers, merchants, processors and users −104,340 Swap dealers +9,4996 October 2026 Managed money +61,134 Producers, merchants, processors and users −92,720 Swap dealers +14,79713 October 2026 Managed money +61,058 Producers, merchants, processors and users −90,466 Swap dealers +13,82920 October 2026 Managed money +47,690 Producers, merchants, processors and users −77,406 Swap dealers +13,110

The lines

Managed money+47,690
Producers, merchants, processors and users−77,406
Swap dealers+13,110

Each point is one week of COPPER- #1 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+47,690
Producers, merchants, processors and users, net−77,406
Swap dealers, net+13,110

Inspect and compare dates

The latest week of COPPER- #1 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 COPPER- #1 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	327,119	313,832	252,089	225,225
Managed money, net	+47,690	+61,058	+58,384	+53,174
Producers, merchants, processors and users, net	−77,406	−90,466	−68,913	−85,147
Swap dealers, net	+13,110	+13,829	+15,670	+38,939

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

Observed 20 Oct 2026.

Right now

Managed money held a net long position of 47,690 contracts in COPPER- #1 futures in the week to 20 October 2026, the largest net long since the week of 13 October 2026.

The producers, merchants, processors and users were net short 77,406 contracts that week, and swap dealers net long 13,110 contracts.

See every week of the last two years

Open interestCOPPER- #1, week of 20 October 2026

Open interest was 327,119 contracts in the week to 20 October 2026, the most since the week of 5 September 2017.

+13,287 contracts from the week before, held by 282 reporting traders.

See the long and short of each group

RecordsOurs, since the week of 13 June 2006

Open interest was highest at 333,951 contracts in the week of 15 August 2017.

Managed money held their largest net long, 125,372 contracts, in the week of 5 September 2017, and their largest net short, 75,114 contracts, in the week of 6 August 2019.

See each group's positions

The other groupsNet, and the last week larger

Producers, merchants, processors and users: net short 77,406 contracts, the largest net short since the week of 13 October 2026.

Swap dealers: net long 13,110 contracts, the largest net long since the week of 13 October 2026.

Other reportable traders: net long 9,707 contracts, the largest net long since the week of 15 September 2026.

See each group's positions

Understanding the futures positions report

Where it stands today

Managed money were net long 47,690 contracts in COPPER- #1 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 COPPER- #1 futures as (CONTRACTS OF 25,000 POUNDS), and the market as COPPER- #1 - COMMODITY EXCHANGE INC..

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 13 June 2006, and the last week a group's net position was larger on the same side.

The numbers behind the chart

How were the COPPER- #1 positions split between long and short?Week of 20 October 2026, contracts

Long, short and spread positions of each group in COPPER- #1 futures (COPPER- #1 - COMMODITY EXCHANGE INC.), week of 20 October 2026 (contracts; net is ours)
Group	Long	Short	Spread	Net
Managed money	67,225	19,535	53,320	+47,690
Producers, merchants, processors and users	52,941	130,347	n/a	−77,406
Swap dealers	53,260	40,150	10,268	+13,110
Other reportable traders	31,310	21,603	41,959	+9,707
Nonreportable (below the reporting level)	16,836	9,937	n/a	+6,899

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

What were the net positions in COPPER- #1 futures each week?104 weeks, newest first, since 29 October 2024

Open interest and net positions in COPPER- #1 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	327,119	+47,690	−77,406	+13,110	+9,707
13 October 2026	313,832	+61,058	−90,466	+13,829	+7,462
6 October 2026	304,033	+61,134	−92,720	+14,797	+8,300
29 September 2026	301,201	+78,058	−104,340	+9,499	+7,353
22 September 2026	301,657	+82,522	−112,575	+12,140	+8,000
15 September 2026	289,463	+65,106	−98,018	+13,631	+10,028
8 September 2026	297,491	+82,154	−111,865	+7,221	+10,322
1 September 2026	282,640	+72,882	−97,022	+4,915	+7,987
25 August 2026	283,299	+76,271	−100,023	+4,974	+8,995
18 August 2026	281,563	+78,648	−96,274	+6,134	+1,100
11 August 2026	297,047	+79,027	−97,517	+6,271	+1,361
4 August 2026	289,395	+75,758	−92,844	+6,675	+1,365
28 July 2026	274,552	+65,008	−85,279	+9,118	+2,273
21 July 2026	270,048	+71,515	−91,208	+9,096	+2,462
14 July 2026	259,873	+60,185	−86,384	+12,768	+4,200
7 July 2026	250,948	+58,784	−90,983	+17,813	+5,488
30 June 2026	254,335	+59,703	−89,338	+16,244	+5,085
23 June 2026	268,800	+66,547	−97,586	+17,108	+5,073
16 June 2026	270,752	+69,008	−102,264	+17,856	+6,342
9 June 2026	274,331	+69,204	−109,260	+25,325	+5,246
2 June 2026	276,892	+75,747	−114,904	+26,259	+3,086
26 May 2026	266,243	+70,500	−110,891	+27,179	+2,540
19 May 2026	257,964	+74,188	−111,707	+26,208	+1,698
12 May 2026	259,808	+74,488	−114,732	+27,589	+1,821
5 May 2026	232,609	+63,473	−101,414	+29,397	−624
28 April 2026	230,596	+60,937	−103,114	+31,085	+2,344

Show 78 more rows

Open interest and net positions in COPPER- #1 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	250,504	+59,585	−99,828	+30,493	−381
14 April 2026	245,595	+52,333	−94,436	+30,295	+2,776
7 April 2026	224,634	+38,393	−80,781	+29,166	+1,834
31 March 2026	220,756	+39,172	−77,345	+27,536	+932
24 March 2026	221,772	+35,284	−72,073	+25,785	+2,253
17 March 2026	231,319	+46,558	−85,233	+25,799	+1,486
10 March 2026	235,322	+47,676	−86,859	+24,226	+3,990
3 March 2026	244,932	+48,494	−91,801	+22,057	+9,187
24 February 2026	261,235	+51,027	−95,787	+23,439	+7,413
17 February 2026	272,967	+53,774	−96,867	+22,981	+5,557
10 February 2026	270,792	+55,564	−80,967	+20,175	−9,691
3 February 2026	278,845	+55,923	−82,035	+19,484	−8,109
27 January 2026	278,219	+58,018	−86,956	+22,144	−9,628
20 January 2026	278,431	+62,806	−89,963	+20,777	−10,231
13 January 2026	269,813	+63,391	−82,723	+13,761	−9,950
6 January 2026	267,027	+68,242	−85,355	+13,341	−10,384
30 December 2025	260,139	+71,019	−85,059	+12,351	−11,180
23 December 2025	267,343	+75,619	−95,818	+15,372	−8,531
16 December 2025	256,887	+75,134	−92,012	+13,133	−10,308
9 December 2025	250,821	+70,484	−90,159	+13,976	−8,005
2 December 2025	242,931	+63,459	−81,486	+14,970	−10,046
25 November 2025	233,461	+57,547	−73,192	+19,191	−13,910
18 November 2025	251,537	+61,603	−80,055	+16,935	−9,644
10 November 2025	265,474	+63,284	−84,135	+15,279	−7,758
4 November 2025	269,926	+60,729	−82,568	+13,984	−4,354
28 October 2025	272,068	+61,994	−81,485	+20,682	−12,900
21 October 2025	258,680	+56,676	−69,959	+17,826	−15,465
14 October 2025	252,089	+58,384	−68,913	+15,670	−15,757
7 October 2025	250,850	+56,449	−69,239	+18,367	−17,380
30 September 2025	230,658	+48,425	−62,044	+19,494	−15,859
23 September 2025	227,318	+43,389	−55,108	+16,855	−13,159
16 September 2025	221,011	+42,097	−55,169	+16,745	−11,749
9 September 2025	208,356	+38,375	−51,763	+15,748	−11,134
2 September 2025	195,673	+35,556	−48,071	+14,121	−9,898
26 August 2025	190,049	+28,754	−49,402	+14,408	−2,524
19 August 2025	195,080	+25,609	−47,555	+12,190	+423
12 August 2025	193,751	+25,168	−49,463	+11,430	+3,043
5 August 2025	197,933	+18,249	−45,947	+13,185	+2,437
29 July 2025	228,444	+36,660	−42,382	+5,306	+687
22 July 2025	228,192	+39,279	−46,245	+5,631	+543
15 July 2025	224,583	+39,303	−46,692	+4,667	+1,421
8 July 2025	230,251	+37,638	−47,143	+6,041	+1,966
1 July 2025	212,300	+31,790	−42,928	+5,635	+1,900
24 June 2025	203,404	+28,249	−37,417	+5,698	+1,184
17 June 2025	202,728	+22,648	−36,450	+7,767	+1,152
10 June 2025	207,359	+25,612	−37,805	+7,521	+739
3 June 2025	211,857	+23,165	−36,012	+8,999	+929
27 May 2025	208,601	+20,837	−31,806	+5,731	+1,744
20 May 2025	205,105	+20,882	−33,015	+9,592	+156
13 May 2025	195,840	+23,792	−33,842	+9,499	−2,270
6 May 2025	192,752	+22,085	−33,026	+10,671	−382
29 April 2025	191,990	+18,926	−30,762	+10,698	+443
22 April 2025	196,712	+16,155	−31,995	+8,345	+8,610
15 April 2025	202,997	+13,370	−30,635	+10,463	+6,107
8 April 2025	220,390	+14,166	−31,329	+9,900	+10,075
1 April 2025	245,181	+34,432	−40,088	+8,979	−4,407
25 March 2025	251,957	+36,696	−43,854	+9,324	−2,592
18 March 2025	237,882	+23,952	−43,652	+16,100	+1,240
11 March 2025	227,359	+14,216	−41,722	+19,666	+4,382
4 March 2025	218,780	+8,902	−37,374	+21,185	+4,110
25 February 2025	222,133	+18,657	−42,944	+20,336	+365
18 February 2025	238,331	+30,046	−46,958	+22,238	−7,983
11 February 2025	243,961	+24,433	−46,293	+21,451	−3,537
4 February 2025	235,599	+18,464	−39,200	+20,490	−3,043
28 January 2025	234,867	+16,542	−39,339	+20,982	−3,497
21 January 2025	217,298	+19,314	−42,966	+21,237	−2,651
14 January 2025	209,052	+14,565	−37,201	+22,658	−2,727
7 January 2025	218,477	+6,182	−30,996	+24,573	−1,912
31 December 2024	219,739	−4,319	−31,410	+25,508	+5,078
24 December 2024	213,742	+1,438	−31,771	+23,774	+366
17 December 2024	207,513	+6,382	−36,368	+24,618	−442
10 December 2024	208,126	+13,539	−41,521	+24,632	−2,580
3 December 2024	213,182	+11,687	−40,052	+25,269	−1,221
26 November 2024	203,954	+9,219	−43,918	+28,157	+706
19 November 2024	223,447	+9,336	−42,975	+21,133	+6,106
12 November 2024	232,280	+9,899	−52,364	+21,951	+10,946
5 November 2024	251,994	+18,930	−58,794	+24,583	+4,740
29 October 2024	247,710	+17,520	−58,280	+24,041	+6,219

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 13 June 2006, 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), COPPER- #1 - COMMODITY EXCHANGE INC., week of 20 October 2026, released 23 October 2026. Compiled by 500metrics, "What positions do traders hold in COPPER- #1 futures?", https://500metrics.com/futures-positions/copper.

Page updated 29 Oct 2026, 12:53 UTC

Net positions in COPPER- #1 futures each week: managed money, producers, merchants, processors and users, swap dealers, contracts

Open interest in COPPER- #1 futures each week, contracts

Right now

Open interestCOPPER- #1, week of 20 October 2026

RecordsOurs, since the week of 13 June 2006

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