Butter (Cash Settled) COT Report
CFTC Commitments of Traders · report date 2026-07-21 (released Jul 24, 2026) · next report expected Jul 31, 2026 (regular cycle; see the release schedule for holiday shifts)
As of the Jul 21, 2026 COT report, large speculators are net short 4,599 Butter (Cash Settled) futures contracts (down 364 week-over-week), commercials are net long 4,211, and open interest is 17,566 contracts.
-4,599
Large speculators net
4,211
Commercials net
12.3
COT index (3-year)
17,566
Open interest
Positioning — week of 2026-07-21
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | -4,599 | -364 | -26.2% | 23.2 | 13.0 | 12.3 |
| Commercials | 4,211 | +390 | 24.0% | 84.5 | 91.1 | 92.5 |
| Small traders | 388 | -26 | 2.2% | 39.1 | 68.5 | 68.5 |
Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.
Net positions since 2006
Disaggregated breakdown — week of 2026-07-21
| Category | Net position | Weekly change |
|---|---|---|
| Producer/merchant | 695 | +74 |
| Swap dealers | 3,516 | +316 |
| Managed money | -315 | +9 |
| Other reportables | -4,284 | -373 |
| Small traders | 388 | -26 |
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-07-21 | 17,566 | -4,599 | -364 | 4,211 | +390 | 388 |
| 2026-07-14 | 16,835 | -4,235 | -145 | 3,821 | +188 | 414 |
| 2026-07-07 | 16,510 | -4,090 | +1,042 | 3,633 | -945 | 457 |
| 2026-06-30 | 18,733 | -5,132 | -434 | 4,578 | +497 | 554 |
| 2026-06-23 | 18,496 | -4,698 | +2 | 4,081 | -40 | 617 |
| 2026-06-16 | 18,004 | -4,700 | -83 | 4,121 | +98 | 579 |
| 2026-06-09 | 17,350 | -4,617 | +624 | 4,023 | -531 | 594 |
| 2026-06-02 | 18,834 | -5,241 | -378 | 4,554 | +390 | 687 |
| 2026-05-26 | 18,267 | -4,863 | -342 | 4,164 | +367 | 699 |
| 2026-05-19 | 17,743 | -4,521 | -75 | 3,797 | -5 | 724 |
| 2026-05-12 | 16,905 | -4,446 | -512 | 3,802 | +317 | 644 |
| 2026-05-05 | 16,234 | -3,934 | +334 | 3,485 | -370 | 449 |
| 2026-04-28 | 17,712 | -4,268 | -560 | 3,855 | +643 | 413 |
| 2026-04-21 | 17,036 | -3,708 | -316 | 3,212 | +405 | 496 |
| 2026-04-14 | 15,918 | -3,392 | -87 | 2,807 | +141 | 585 |
| 2026-04-07 | 15,248 | -3,305 | -72 | 2,666 | +41 | 639 |
| 2026-03-31 | 17,086 | -3,233 | -200 | 2,625 | +64 | 608 |
| 2026-03-24 | 16,435 | -3,033 | -262 | 2,561 | +302 | 472 |
| 2026-03-17 | 15,970 | -2,771 | -111 | 2,259 | +55 | 512 |
| 2026-03-10 | 15,646 | -2,660 | +511 | 2,204 | -569 | 456 |
| 2026-03-03 | 18,169 | -3,171 | -470 | 2,773 | +373 | 398 |
| 2026-02-24 | 16,906 | -2,701 | -134 | 2,400 | +63 | 301 |
| 2026-02-17 | 15,522 | -2,567 | -94 | 2,337 | +36 | 230 |
| 2026-02-10 | 15,326 | -2,473 | +585 | 2,301 | -521 | 172 |
| 2026-02-03 | 17,036 | -3,058 | -144 | 2,822 | +84 | 236 |
| 2026-01-27 | 15,800 | -2,914 | +625 | 2,738 | -603 | 176 |
Full history, no login: CSV (2006-05-02 → 2026-07-21) · JSON
Contract facts
(CONTRACTS OF 20,000 POUNDS)
Contract unit (CFTC)
050642
CFTC contract code
FAQ
- Are large speculators long or short Butter (Cash Settled) futures?
- As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net short 4,599 contracts in Butter (Cash Settled) futures.
- How current is this Butter (Cash Settled) COT data?
- The latest report is dated 2026-07-21 (positions as of that Tuesday's close), published by the CFTC on 2026-07-24. This page updates within minutes of each weekly release.
- Where can I download Butter (Cash Settled) COT history?
- The full weekly series (2006-05-02 to 2026-07-21) is free at /data/cot/butter-cash-settled.csv — no login, no cap.
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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 050642. Dataset coverage 2006-05-02 → 2026-07-21. Methodology.