Butter (Cash Settled) COT Report
CFTC Commitments of Traders · positions as of Tuesday 2026-09-01, released Sep 4, 2026 (the CFTC reports each Tuesday's close three days later) · next release Sep 11, 2026 (regular cycle; see the release schedule for holiday shifts)
Butter (Cash Settled) positioning leans bullish - commercials buying (26w index 100), speculators crowded short (3y index 0).
How this read is built
- Commercials (hedgers) are net long and sit near the top of their 26-week range (COT index 100) - a bullish tilt in the traditional read.
- Large speculators are net short near the bottom of their 3-year range (index 0) - a crowded short, which historically leans bullish for the setup.
A description of how traders are positioned versus their own history - the standard Commitments of Traders interpretation, computed identically for every market. It is not a price forecast, a trading signal, or advice. How traders use positioning · how the read is computed.
As of the COT report, large speculators are net short 6,936 Butter (Cash Settled) futures contracts (down 1,817 week-over-week), commercials are net long 6,474, and open interest is 20,728 contracts. Managed money was net short 540 contracts as of (down 47 week-over-week).
Cite this data
FuturesBench, "Butter (Cash Settled) COT Report," data as of 2026-09-01. https://futuresbench.com/cot/butter-cash-settled/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/butter-cash-settled.csv
Embed this chart
<iframe src="https://futuresbench.com/embed/cot/butter-cash-settled/" width="100%" height="560" frameborder="0" loading="lazy" title="Butter (Cash Settled) COT Report chart - FuturesBench"></iframe>
Reporting gap: the CFTC published no data for this contract code between and (about 31 weeks) - typically an exchange migration or relisting, when the contract traded under a different code. The chart breaks across the gap rather than drawing a line through it, and the series resumes afterward. Why this happens.
Positioning - as of Tuesday 2026-09-01
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | -6,936 | -1,817 | -33.5% | 0.0 | 0.0 | 0.0 |
| Commercials | 6,474 | +1,884 | 31.2% | 100.0 | 100.0 | 100.0 |
| Small traders | 462 | -67 | 2.2% | 22.0 | 73.4 | 75.4 |
Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.
This week in numbers
- Large speculators net position fell by 1,817 contracts to -6,936 (35.5% w/w) - the largest weekly change on record.
- Commercials net position rose by 1,884 contracts to 6,474 (41.0% w/w) - the largest weekly change on record.
- Large speculators net position of -6,936 contracts is a record low for this market.
- Commercials net position of 6,474 contracts is a record high for this market.
- Open interest rose 9.6% to 20,728 contracts, a 878-week high.
Every sentence above is computed from the stored series - no commentary, no forecasts.
Disaggregated report - positions as of Tue 2026-09-01
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Producer/merchant | 1,701 | +1,227 | 8.2% | 100.0 | 100.0 | 47.9 |
| Swap dealers | 4,773 | +1,040 | 23.0% | 100.0 | 100.0 | 100.0 |
| Managed money | -540 | -47 | -2.6% | 0.0 | 0.0 | 0.0 |
| Other reportables | -6,396 | -2,174 | -30.9% | 0.0 | 0.0 | 0.0 |
| Small traders | 462 | -46 | 2.2% | 22.0 | 74.8 | 75.4 |
Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-09-01 | 20,728 | -6,936 | -1,817 | 6,474 | +1,884 | 462 |
| 2026-08-25 | 18,919 | -5,119 | -404 | 4,590 | +383 | 529 |
| 2026-08-18 | 18,000 | -4,715 | -489 | 4,207 | +449 | 508 |
| 2026-08-11 | 17,220 | -4,226 | +998 | 3,758 | -1,051 | 468 |
| 2026-08-04 | 19,377 | -5,224 | -386 | 4,809 | +408 | 415 |
| 2026-07-28 | 18,727 | -4,838 | -239 | 4,401 | +190 | 437 |
| 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 |
Full history, no login: CSV (2006-05-02 → 2026-09-01) · JSON
Contract facts
FAQ
- Are large speculators long or short Butter (Cash Settled) futures?
- As of the 2026-09-01 COT report, large speculators (non-commercial traders) are net short 6,936 contracts in Butter (Cash Settled) futures.
- How current is this Butter (Cash Settled) COT data?
- The latest report is dated 2026-09-01 (positions as of that Tuesday's close), published by the CFTC on 2026-09-04. 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 2026-09-01) is free at /data/cot/butter-cash-settled.csv - no login, no cap.
Learn: how to read this report · commercials vs non-commercials · glossary
Related markets
Source: CFTC Commitments of Traders, legacy futures-only report, contract code 050642. Dataset coverage 2006-05-02 → 2026-09-01. Methodology.