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Commitments of Traders · Disaggregated, futures only

What positions do traders hold in MILK, Class III futures?

In MILK, Class III futures, managed money held a net short position of 8,030 contracts and open interest was 35,068 contracts on (CFTC Commitments of Traders, released ).

Net positions in MILK, Class III 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

Net positions in MILK, Class III futures each week: managed money, producers, merchants, processors and users, swap dealers, contracts (8 November 2016 to 20 October 2026)
Net positions in MILK, Class III futures each week: managed money, producers, merchants, processors and users, swap dealers, contracts (22 October 2024 to 20 October 2026)

The lines

  • Managed money−8,030
  • Producers, merchants, processors and users+8,903
  • Swap dealers+4,727

Open interest in MILK, Class III futures each week, contracts

8 November 2016 to 20 October 2026Contracts

Open interest in MILK, Class III futures each week, contracts (8 November 2016 to 20 October 2026)
Open interest in MILK, Class III futures each week, contracts (22 October 2024 to 20 October 2026)

Each point is one week of MILK, Class III 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:

Inspect and compare dates

The latest week of MILK, Class III 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".

MeasureLatestThe week beforeA year earlierFive years earlier
Week
Open interest35,06834,80927,17423,671
Managed money, net−8,030−8,881−3,771−126
Producers, merchants, processors and users, net+8,903+10,643+2,512−6,861
Swap dealers, net+4,727+4,919+5,923+5,824

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

Observed .

Right now

Managed money held a net short position of 8,030 contracts in MILK, Class III futures in the week to , the largest net short since the week of .

The producers, merchants, processors and users were net long 8,903 contracts that week, and swap dealers net long 4,727 contracts.

See every week of the last two years

Open interestMILK, Class III, week of 20 October 2026

Open interest was 35,068 contracts in the week to , the most since the week of .

+259 contracts from the week before, held by 91 reporting traders.

See the long and short of each group

RecordsOurs, since the week of 13 June 2006

Open interest was highest at 48,610 contracts in the week of .

Managed money held their largest net long, 5,187 contracts, in the week of , and their largest net short, 8,881 contracts, in the week of .

See each group's positions

The other groupsNet, and the last week larger

Producers, merchants, processors and users: net long 8,903 contracts, the largest net long since the week of .

Swap dealers: net long 4,727 contracts, the largest net long since the week of .

Other reportable traders: net short 3,465 contracts, the largest net short since the week of .

See each group's positions

Understanding the futures positions report

Where it stands today

Managed money were net short 8,030 contracts in MILK, Class III 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.

Read more

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 MILK, Class III futures as (CONTRACTS OF 200,000 POUNDS), and the market as MILK, Class III - 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 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 MILK, Class III positions split between long and short?Week of 20 October 2026, contracts
Long, short and spread positions of each group in MILK, Class III futures (MILK, Class III - CHICAGO MERCANTILE EXCHANGE), week of 20 October 2026 (contracts; net is ours)
GroupLongShortSpreadNet
Managed money558,085688−8,030
Producers, merchants, processors and users20,52411,621n/a+8,903
Swap dealers7,0222,295541+4,727
Other reportable traders2,2385,7031,762−3,465
Nonreportable (below the reporting level)2,2384,373n/a−2,135

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

What were the net positions in MILK, Class III futures each week?104 weeks, newest first, since 29 October 2024
Open interest and net positions in MILK, Class III futures by week, newest first (contracts; net is ours)
WeekOpen interestManaged money, netProducers, merchants, processors and users, netSwap dealers, netOther reportable traders, net
35,068−8,030+8,903+4,727−3,465
34,809−8,881+10,643+4,919−4,224
33,020−7,839+9,537+5,005−3,700
36,020−6,951+10,429+4,593−5,036
34,260−6,831+8,351+5,250−3,971
32,897−5,996+7,282+5,387−3,884
31,351−5,423+6,083+5,833−3,725
34,567−5,013+4,689+7,832−5,034
31,733−5,105+3,307+7,382−3,891
30,277−4,609+2,554+7,888−4,356
28,932−4,790+1,868+7,994−3,427
33,650−4,626+2,183+9,065−4,604
32,719−3,724+1,503+8,701−4,200
31,606−4,380+537+8,898−3,294
31,830−5,610+1,199+9,095−2,845
31,523−6,200+1,174+9,137−2,256
34,275−6,105+2,274+9,993−4,037
32,900−5,421+2,345+9,328−3,880
31,205−5,595+2,923+9,013−4,033
30,056−5,331+2,441+8,946−3,841
32,418−5,405+3,459+10,037−4,442
30,712−5,090+2,161+9,398−3,776
28,690−3,638+1,681+8,880−3,899
26,794−2,854+322+8,798−3,660
25,720−2,154−762+8,699−3,368
28,234−1,222−504+9,382−4,736
Show 78 more rows
WeekOpen interestManaged money, netProducers, merchants, processors and users, netSwap dealers, netOther reportable traders, net
27,796−1,382−1,204+9,954−4,789
26,829−1,353−1,613+9,709−4,287
25,948−1,268−1,793+9,079−3,829
28,721−2,000−1,328+9,585−3,771
29,148−2,550−1,546+9,715−3,169
28,725−2,494−1,986+9,911−2,974
28,401−2,205−2,149+9,956−3,308
33,237−2,320−2,258+10,637−4,576
32,465−2,327−2,575+10,451−3,925
30,990−2,330−2,277+10,585−4,385
30,680−2,650−2,272+10,561−3,821
34,442−3,878−1,452+11,626−4,991
34,222−3,949−2,284+11,162−3,365
33,626−4,196−1,659+11,291−3,864
32,215−3,965−988+10,915−3,495
30,622−4,032−742+9,985−2,882
33,486−4,176−721+10,078−2,819
33,097−4,034−689+9,999−2,715
32,341−3,991−1,136+10,069−2,469
31,760−3,871−948+9,924−2,772
34,413−3,433−457+10,480−4,031
33,554−2,909−240+10,043−4,201
30,966−2,659−7+8,485−3,726
29,374−2,774+234+7,576−3,246
31,210−2,464+504+7,874−4,499
29,444−3,383+1,570+7,176−3,747
28,415−4,060+2,609+6,333−3,385
27,174−3,771+2,512+5,923−3,370
25,199−3,451+2,864+5,156−3,098
27,921−3,310+3,495+5,305−4,037
26,712−3,447+3,365+4,843−3,105
25,324−3,729+3,584+3,886−2,741
23,618−2,976+3,415+3,411−3,384
25,061−2,266+3,925+3,165−4,588
23,673−2,577+3,902+3,049−4,403
22,881−2,771+4,440+2,160−3,931
22,616−3,106+4,439+1,990−3,310
22,448−3,355+4,150+2,086−3,033
24,596−2,773+4,292+2,458−3,660
23,187−2,446+3,982+2,247−3,497
22,027−1,703+3,325+1,719−3,115
20,626−1,124+2,924+1,337−2,948
23,153−574+2,563+1,872−3,522
21,267+287+1,885+1,776−3,828
19,700+1,279+1,172+794−3,196
18,833+1,713+1,253−45−3,161
22,682+1,780+1,205+1,390−4,059
22,120+1,256+1,455+1,353−3,542
20,902+533+2,112+1,758−4,013
19,252−415+2,367+1,583−3,187
19,251−1,863+2,862+1,832−2,634
23,528−2,519+3,769+3,154−3,721
22,984−3,070+3,913+3,095−3,077
22,087−3,466+3,484+3,802−2,995
21,022−3,237+3,643+3,769−3,291
24,399−2,683+2,701+4,041−3,215
23,654−2,470+2,070+4,231−2,941
22,717−1,535+1,349+4,174−2,792
21,942−1,128+856+3,729−2,361
24,443+724+176+3,736−2,700
23,224+1,453+66+3,042−2,903
22,233+1,908−74+2,650−3,301
21,780+1,713−75+2,670−3,309
25,341+1,107−330+4,356−3,153
24,637+664−34+4,385−2,998
23,717+1,732−326+3,906−3,415
23,299+2,057−299+3,618−3,453
22,395+1,098+194+3,544−3,224
25,196+689+337+4,500−3,723
24,897+150+1,204+4,692−3,921
24,708−624+1,403+4,824−3,485
24,063−2,310+3,079+5,053−3,150
27,047−3,224+2,631+5,134−2,585
26,477−2,968+2,430+4,881−2,350
25,243−2,318+2,572+4,163−2,560
23,325−1,166+2,426+3,349−2,866
21,510−272+1,403+2,335−2,284
23,601+721−164+909−56

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 . Checked .

How to cite this

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

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