Cheese (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 9,158 Cheese (Cash-Settled) futures contracts (up 290 week-over-week), commercials are net long 8,553, and open interest is 29,753 contracts.

-9,158
Large speculators net
8,553
Commercials net
19.1
COT index (3-year)
29,753
Open interest

Positioning — week of 2026-07-21

Trader categoryNet positionWeekly change% of open interestCOT index 26wCOT index 52wCOT index 3y
Large speculators-9,158+290-30.8%62.132.019.1
Commercials8,553-43928.7%24.858.675.5
Small traders605+1492.0%100.0100.0100.0

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 2012

-10k-5k05k10k2025-072025-092025-112025-122026-022026-032026-052026-07Large speculatorsCommercials
-10k-5k05k10k2021-082022-042023-012023-092024-062025-022025-112026-07Large speculatorsCommercials
-27k-18k-9k09k18k27k2012-022014-032016-032018-042020-042022-052024-062026-06Large speculatorsCommercials

Disaggregated breakdown — week of 2026-07-21

CategoryNet positionWeekly change
Producer/merchant2,588-526
Swap dealers5,965+87
Managed money-2,053+577
Other reportables-7,105-287
Small traders605+149

Recent history

Report dateOpen interestLarge spec netΔCommercial netΔSmall trader net
2026-07-2129,753-9,158+2908,553-439605
2026-07-1428,565-9,448-2768,992+5456
2026-07-0727,980-9,172-7728,987+808185
2026-06-3031,466-8,400-3758,179+297221
2026-06-2329,813-8,025-2527,882+270143
2026-06-1628,956-7,773-1667,612+137161
2026-06-0927,566-7,607+1,4427,475-1,371132
2026-06-0230,308-9,049-318,846-169203
2026-05-2629,476-9,018-3159,015+2463
2026-05-1928,565-8,703-7058,769+726-66
2026-05-1227,241-7,998-488,043+132-45
2026-05-0526,891-7,950+4627,911-32539
2026-04-2830,142-8,412-1338,236+160176
2026-04-2129,765-8,279-3518,076+264203
2026-04-1428,997-7,928-2597,812+240116
2026-04-0728,209-7,669+1,8977,572-1,71397
2026-03-3131,895-9,566-569,285-8281
2026-03-2431,620-9,510-3179,293+284217
2026-03-1731,204-9,193-4939,009+568184
2026-03-1030,733-8,700+1,3948,441-1,566259
2026-03-0334,837-10,094-18210,007+15787
2026-02-2434,212-9,912-3259,850-1762
2026-02-1733,593-9,587-1,1259,867+1,043-280
2026-02-1032,148-8,462+2,5758,824-2,409-362
2026-02-0336,831-11,037+66711,233-581-196
2026-01-2736,416-11,704-6311,814+57-110

Full history, no login: CSV (2012-02-14 → 2026-07-21) · JSON

Contract facts

(CONTRACTS OF 20,000 POUNDS)
Contract unit (CFTC)
063642
CFTC contract code

FAQ

Are large speculators long or short Cheese (Cash-Settled) futures?
As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net short 9,158 contracts in Cheese (Cash-Settled) futures.
How current is this Cheese (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 Cheese (Cash-Settled) COT history?
The full weekly series (2012-02-14 to 2026-07-21) is free at /data/cot/cheese-cash-settled.csv — no login, no cap.
All COT markets Dairy Products Cheese (Cash-Settled) CSV Butter (Cash Settled) COT Non Fat Dry Milk COT CME Milk IV COT Milk, Class III COT

Source: CFTC Commitments of Traders, legacy futures-only report, contract code 063642. Dataset coverage 2012-02-14 → 2026-07-21. Methodology.