Tue Sep 1, 2026 positions · live minutes after CFTC

Cheese (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)

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Bullish tilt73/100

Cheese (Cash-Settled) positioning leans bullish - commercials buying (26w index 98), speculators crowded short (3y index 15).

How this read is built
  • Commercials (hedgers) are net long and sit near the top of their 26-week range (COT index 98) - a bullish tilt in the traditional read.
  • Large speculators are net short near the bottom of their 3-year range (index 15) - 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 9,724 Cheese (Cash-Settled) futures contracts (down 217 week-over-week), commercials are net long 9,260, and open interest is 32,126 contracts. Managed money was net short 2,657 contracts as of (down 398 week-over-week).

-9,724
Large speculators net · 52w
9,260
Commercials net
14.9
COT index (3-year)
32,126
Open interest
Cite this data 
FuturesBench, "Cheese (Cash-Settled) COT Report," data as of 2026-09-01.
https://futuresbench.com/cot/cheese-cash-settled/#net-position
Source: CFTC Commitments of Traders (public domain).
CSV: https://futuresbench.com/data/cot/cheese-cash-settled.csv
Net positions since 2012
-10k-5k05k10k2025-092025-102025-122026-022026-032026-052026-062026-08Large speculatorsCommercials
-10k-5k05k10k2021-092022-052023-022023-102024-072025-042025-122026-09Large speculatorsCommercials
-27k-18k-9k09k18k27k2012-022014-032016-042018-052020-052022-062024-072026-08Large speculatorsCommercials
Embed this chart 
<iframe src="https://futuresbench.com/embed/cot/cheese-cash-settled/" width="100%" height="560" frameborder="0" loading="lazy" title="Cheese (Cash-Settled) COT Report chart - FuturesBench"></iframe>

Positioning - as of Tuesday 2026-09-01

Trader categoryNet positionWeekly change% of open interestCOT index 26wCOT index 52wCOT index 3y
Large speculators-9,724-217-30.3%0.027.514.9
Commercials9,260+35828.8%98.262.980.8
Small traders464-1411.4%73.482.689.3

Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.

Disaggregated report - positions as of Tue 2026-09-01

Trader categoryNet positionWeekly change% of open interestCOT index 26wCOT index 52wCOT index 3y
Producer/merchant1,774+7395.5%26.163.258.4
Swap dealers7,486+39423.3%90.169.279.0
Managed money-2,657-398-8.3%17.617.68.3
Other reportables-7,067-543-22.0%47.933.723.6
Small traders464-1921.4%73.482.689.3

Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.

Recent history

Report dateOpen interestLarge spec netΔCommercial netΔSmall trader net
2026-09-0132,126-9,724-2179,260+358464
2026-08-2531,045-9,507-7248,902+775605
2026-08-1830,504-8,783-4848,127+400656
2026-08-1130,131-8,299+1,0247,727-941572
2026-08-0433,400-9,323-4778,668+386655
2026-07-2830,981-8,846+3128,282-271564
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

Full history, no login: CSV (2012-02-14 → 2026-09-01) · 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 2026-09-01 COT report, large speculators (non-commercial traders) are net short 9,724 contracts in Cheese (Cash-Settled) futures.
How current is this Cheese (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 Cheese (Cash-Settled) COT history?
The full weekly series (2012-02-14 to 2026-09-01) is free at /data/cot/cheese-cash-settled.csv - no login, no cap.

Learn: how to read this report · commercials vs non-commercials · glossary

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 → 2026-09-01. Methodology.