Cheese (Cash-Settled) COT Report
CFTC Commitments of Traders · positions as of Tuesday 2026-10-20, released Oct 23, 2026 (the CFTC reports each Tuesday's close three days later) · next release Oct 30, 2026 (regular cycle; see the release schedule for holiday shifts)
Cheese (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 11,950 Cheese (Cash-Settled) futures contracts (down 1,163 week-over-week), commercials are net long 11,422, and open interest is 34,184 contracts. Managed money was net short 3,052 contracts as of (up 96 week-over-week), holding 262 long and 3,314 short.
Cite this data
FuturesBench, "Cheese (Cash-Settled) COT Report," data as of 2026-10-20. 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
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 2026-10-20
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | -11,950 | -1,163 | -35.0% | 0.0 | 0.0 | 0.0 |
| Commercials | 11,422 | +1,214 | 33.4% | 100.0 | 91.0 | 97.1 |
| Small traders | 528 | -51 | 1.5% | 82.3 | 87.7 | 92.3 |
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 reduced their net position for a 6th consecutive week.
- Open interest rose 5.2% to 34,184 contracts, a 32-week high.
- Large speculators net position is at a 52-week low (-11,950 contracts).
Every sentence above is computed from the stored series - no commentary, no forecasts.
Disaggregated report - positions as of Tue 2026-10-20
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Producer/merchant | 5,792 | +1,404 | 16.9% | 100.0 | 100.0 | 92.1 |
| Swap dealers | 5,630 | -190 | 16.5% | 51.6 | 40.2 | 59.3 |
| Managed money | -3,052 | +96 | -8.9% | 13.1 | 7.9 | 3.9 |
| Other reportables | -8,898 | -1,259 | -26.0% | 0.0 | 10.7 | 5.1 |
| Small traders | 528 | -51 | 1.5% | 82.3 | 87.7 | 92.3 |
Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.
Cheese (Cash-Settled) managed money positions, week by week
Managed money long, short and net position in Cheese (Cash-Settled) futures for the last 26 weekly COT reports (positions as of each Tuesday), from the CFTC Disaggregated futures-only report. Short = long minus net; spread positions are excluded from both.
| Report date | Managed money long | Managed money short | Managed money net | Weekly change | Producer/merchant net | Swap dealers net |
|---|---|---|---|---|---|---|
| 262 | 3,314 | -3,052 | +96 | 5,792 | 5,630 | |
| 279 | 3,427 | -3,148 | +92 | 4,388 | 5,820 | |
| 241 | 3,481 | -3,240 | -363 | 4,309 | 5,925 | |
| 350 | 3,227 | -2,877 | -48 | 3,094 | 6,871 | |
| 413 | 3,242 | -2,829 | -106 | 3,081 | 6,270 | |
| 404 | 3,127 | -2,723 | +168 | 2,467 | 6,007 | |
| 354 | 3,245 | -2,891 | -234 | 1,516 | 6,835 | |
| 334 | 2,991 | -2,657 | -227 | 1,774 | 7,486 | |
| 432 | 2,862 | -2,430 | -171 | 1,467 | 7,435 | |
| 452 | 2,711 | -2,259 | -176 | 1,035 | 7,092 | |
| 580 | 2,663 | -2,083 | -281 | 613 | 7,114 | |
| 736 | 2,538 | -1,802 | +40 | 694 | 7,974 | |
| 391 | 2,233 | -1,842 | +211 | 1,841 | 6,441 | |
| 424 | 2,477 | -2,053 | +577 | 2,588 | 5,965 | |
| 303 | 2,933 | -2,630 | +72 | 3,114 | 5,878 | |
| 473 | 3,175 | -2,702 | -83 | 3,080 | 5,907 | |
| 475 | 3,094 | -2,619 | +216 | 2,627 | 5,552 | |
| 195 | 3,030 | -2,835 | -89 | 3,203 | 4,679 | |
| 177 | 2,923 | -2,746 | +146 | 3,148 | 4,464 | |
| 45 | 2,937 | -2,892 | -124 | 3,354 | 4,121 | |
| 155 | 2,923 | -2,768 | +272 | 4,382 | 4,464 | |
| 34 | 3,074 | -3,040 | -181 | 4,803 | 4,212 | |
| 5 | 2,864 | -2,859 | -206 | 4,617 | 4,152 | |
| 43 | 2,696 | -2,653 | -72 | 4,223 | 3,820 | |
| 32 | 2,613 | -2,581 | -222 | 4,781 | 3,130 | |
| 0 | 2,359 | -2,359 | +113 | 5,063 | 3,173 |
Every week back to 2012: Cheese (Cash-Settled) disaggregated CSV.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-10-20 | 34,184 | -11,950 | -1,163 | 11,422 | +1,214 | 528 |
| 2026-10-13 | 32,489 | -10,787 | -129 | 10,208 | -26 | 579 |
| 2026-10-06 | 31,467 | -10,658 | -224 | 10,234 | +269 | 424 |
| 2026-09-29 | 34,139 | -10,434 | -688 | 9,965 | +614 | 469 |
| 2026-09-22 | 32,976 | -9,746 | -776 | 9,351 | +877 | 395 |
| 2026-09-15 | 31,221 | -8,970 | -55 | 8,474 | +123 | 496 |
| 2026-09-08 | 28,543 | -8,915 | +809 | 8,351 | -909 | 564 |
| 2026-09-01 | 32,126 | -9,724 | -217 | 9,260 | +358 | 464 |
| 2026-08-25 | 31,045 | -9,507 | -724 | 8,902 | +775 | 605 |
| 2026-08-18 | 30,504 | -8,783 | -484 | 8,127 | +400 | 656 |
| 2026-08-11 | 30,131 | -8,299 | +1,024 | 7,727 | -941 | 572 |
| 2026-08-04 | 33,400 | -9,323 | -477 | 8,668 | +386 | 655 |
| 2026-07-28 | 30,981 | -8,846 | +312 | 8,282 | -271 | 564 |
| 2026-07-21 | 29,753 | -9,158 | +290 | 8,553 | -439 | 605 |
| 2026-07-14 | 28,565 | -9,448 | -276 | 8,992 | +5 | 456 |
| 2026-07-07 | 27,980 | -9,172 | -772 | 8,987 | +808 | 185 |
| 2026-06-30 | 31,466 | -8,400 | -375 | 8,179 | +297 | 221 |
| 2026-06-23 | 29,813 | -8,025 | -252 | 7,882 | +270 | 143 |
| 2026-06-16 | 28,956 | -7,773 | -166 | 7,612 | +137 | 161 |
| 2026-06-09 | 27,566 | -7,607 | +1,442 | 7,475 | -1,371 | 132 |
| 2026-06-02 | 30,308 | -9,049 | -31 | 8,846 | -169 | 203 |
| 2026-05-26 | 29,476 | -9,018 | -315 | 9,015 | +246 | 3 |
| 2026-05-19 | 28,565 | -8,703 | -705 | 8,769 | +726 | -66 |
| 2026-05-12 | 27,241 | -7,998 | -48 | 8,043 | +132 | -45 |
| 2026-05-05 | 26,891 | -7,950 | +462 | 7,911 | -325 | 39 |
| 2026-04-28 | 30,142 | -8,412 | -133 | 8,236 | +160 | 176 |
Full history, no login: CSV (2012-02-14 → 2026-10-20) · JSON
Contract facts
FAQ
- Are large speculators long or short Cheese (Cash-Settled) futures?
- As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 11,950 contracts in Cheese (Cash-Settled) futures.
- What is the managed money position in Cheese (Cash-Settled) futures?
- As of the 2026-10-20 COT report, managed money traders are net short 3,052 contracts (262 long, 3,314 short) in Cheese (Cash-Settled) futures. The week-by-week table on this page lists the last 26 reports.
- How current is this Cheese (Cash-Settled) COT data?
- The latest report is dated 2026-10-20 (positions as of that Tuesday's close), published by the CFTC on 2026-10-23. 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 2026-10-20) is free at /data/cot/cheese-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 063642. Dataset coverage 2012-02-14 → 2026-10-20. Methodology.