CME Milk IV 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)
CME Milk IV positioning leans bearish - commercials selling (26w index 0), speculators crowded long (3y index 100).
How this read is built
- Commercials (hedgers) are net short and sit near the bottom of their 26-week range (COT index 0) - a bearish tilt in the traditional read.
- Large speculators are net long near the top of their 3-year range (index 100) - a crowded long, which historically leans bearish 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 long 6,981 CME Milk IV futures contracts (up 135 week-over-week), commercials are net short 6,111, and open interest is 15,639 contracts. Managed money was net long 1,029 contracts as of (down 32 week-over-week), holding 1,029 long and 0 short.
Cite this data
FuturesBench, "CME Milk IV COT Report," data as of 2026-10-20. https://futuresbench.com/cot/cme-milk-iv/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/cme-milk-iv.csv
Embed this chart
<iframe src="https://futuresbench.com/embed/cot/cme-milk-iv/" width="100%" height="560" frameborder="0" loading="lazy" title="CME Milk IV COT Report chart - FuturesBench"></iframe>
Reporting gap: the CFTC published no data for this contract code between and (about 113 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 2026-10-20
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | 6,981 | +135 | 44.6% | 100.0 | 100.0 | 100.0 |
| Commercials | -6,111 | -83 | -39.1% | 0.0 | 0.0 | 0.0 |
| Small traders | -870 | -52 | -5.6% | 52.5 | 38.8 | 37.9 |
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 raised their net position for a 10th consecutive week.
- Commercials reduced their net position for a 10th consecutive week.
- Large speculators net position is at a 52-week high (6,981 contracts).
- Commercials net position is at a 52-week low (-6,111 contracts).
- Open interest rose 3.9% to 15,639 contracts, a 19-week high.
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 | -7,953 | -78 | -50.9% | 0.0 | 0.0 | 0.0 |
| Swap dealers | 1,842 | -5 | 11.8% | 72.9 | 36.5 | 27.6 |
| Managed money | 1,029 | -32 | 6.6% | 97.5 | 97.5 | 97.8 |
| Other reportables | 5,952 | +167 | 38.1% | 88.1 | 92.8 | 92.8 |
| Small traders | -870 | -52 | -5.6% | 52.5 | 38.8 | 37.9 |
Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.
CME Milk IV managed money positions, week by week
Managed money long, short and net position in CME Milk IV 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 |
|---|---|---|---|---|---|---|
| 1,029 | 0 | 1,029 | -32 | -7,953 | 1,842 | |
| 1,061 | 0 | 1,061 | +62 | -7,875 | 1,847 | |
| 999 | 0 | 999 | +346 | -7,560 | 1,781 | |
| 653 | 0 | 653 | +299 | -7,146 | 1,734 | |
| 354 | 0 | 354 | +153 | -5,045 | 794 | |
| 201 | 0 | 201 | +121 | -4,491 | 701 | |
| 80 | 0 | 80 | +27 | -3,584 | 601 | |
| 53 | 0 | 53 | +83 | -3,434 | 620 | |
| 0 | 30 | -30 | +21 | -1,383 | 848 | |
| 0 | 51 | -51 | +12 | -1,308 | 850 | |
| 0 | 63 | -63 | +27 | -343 | 957 | |
| 0 | 90 | -90 | -1 | -2,332 | 1,110 | |
| 0 | 89 | -89 | +16 | -2,326 | 1,263 | |
| 0 | 105 | -105 | -13 | -2,929 | 1,417 | |
| 0 | 92 | -92 | +10 | -2,981 | 1,496 | |
| 0 | 102 | -102 | +43 | -3,132 | 1,496 | |
| 0 | 145 | -145 | +81 | -5,763 | 1,756 | |
| 0 | 226 | -226 | -74 | -5,443 | 1,745 | |
| 0 | 152 | -152 | -1 | -5,724 | 1,937 | |
| 0 | 151 | -151 | +53 | -6,035 | 2,050 | |
| 0 | 204 | -204 | -33 | -7,396 | 2,251 | |
| 0 | 171 | -171 | -66 | -6,759 | 2,133 | |
| 0 | 105 | -105 | -30 | -6,560 | 2,005 | |
| 0 | 75 | -75 | +24 | -6,313 | 2,043 | |
| 0 | 99 | -99 | +90 | -5,664 | 2,106 | |
| 0 | 189 | -189 | +8 | -6,146 | 2,304 |
Every week back to 2011: CME Milk IV disaggregated CSV.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-10-20 | 15,639 | 6,981 | +135 | -6,111 | -83 | -870 |
| 2026-10-13 | 15,057 | 6,846 | +290 | -6,028 | -249 | -818 |
| 2026-10-06 | 14,401 | 6,556 | +284 | -5,779 | -367 | -777 |
| 2026-09-29 | 14,616 | 6,272 | +1,262 | -5,412 | -1,161 | -860 |
| 2026-09-22 | 12,324 | 5,010 | +463 | -4,251 | -461 | -759 |
| 2026-09-15 | 11,557 | 4,547 | +826 | -3,790 | -807 | -757 |
| 2026-09-08 | 10,443 | 3,721 | +182 | -2,983 | -169 | -738 |
| 2026-09-01 | 11,519 | 3,539 | +2,383 | -2,814 | -2,279 | -725 |
| 2026-08-25 | 9,099 | 1,156 | +144 | -535 | -77 | -621 |
| 2026-08-18 | 8,827 | 1,012 | +1,214 | -458 | -1,072 | -554 |
| 2026-08-11 | 7,943 | -202 | -1,837 | 614 | +1,836 | -412 |
| 2026-08-04 | 11,008 | 1,635 | +201 | -1,222 | -159 | -413 |
| 2026-07-28 | 10,882 | 1,434 | -651 | -1,063 | +449 | -371 |
| 2026-07-21 | 10,368 | 2,085 | -2 | -1,512 | -27 | -573 |
| 2026-07-14 | 10,265 | 2,087 | -91 | -1,485 | +151 | -602 |
| 2026-07-07 | 10,051 | 2,178 | -2,813 | -1,636 | +2,371 | -542 |
| 2026-06-30 | 13,574 | 4,991 | +252 | -4,007 | -309 | -984 |
| 2026-06-23 | 13,146 | 4,739 | -130 | -3,698 | +89 | -1,041 |
| 2026-06-16 | 13,140 | 4,869 | -267 | -3,787 | +198 | -1,082 |
| 2026-06-09 | 13,170 | 5,136 | -1,431 | -3,985 | +1,160 | -1,151 |
| 2026-06-02 | 15,668 | 6,567 | +709 | -5,145 | -519 | -1,422 |
| 2026-05-26 | 14,781 | 5,858 | +162 | -4,626 | -71 | -1,232 |
| 2026-05-19 | 14,471 | 5,696 | +315 | -4,555 | -285 | -1,141 |
| 2026-05-12 | 13,966 | 5,381 | +750 | -4,270 | -712 | -1,111 |
| 2026-05-05 | 12,998 | 4,631 | -500 | -3,558 | +284 | -1,073 |
| 2026-04-28 | 14,429 | 5,131 | +845 | -3,842 | -772 | -1,289 |
Full history, no login: CSV (2011-06-28 → 2026-10-20) · JSON
Contract facts
FAQ
- Are large speculators long or short CME Milk IV futures?
- As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net long 6,981 contracts in CME Milk IV futures.
- What is the managed money position in CME Milk IV futures?
- As of the 2026-10-20 COT report, managed money traders are net long 1,029 contracts (1,029 long, 0 short) in CME Milk IV futures. The week-by-week table on this page lists the last 26 reports.
- How current is this CME Milk IV 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 CME Milk IV COT history?
- The full weekly series (2011-06-28 to 2026-10-20) is free at /data/cot/cme-milk-iv.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 052644. Dataset coverage 2011-06-28 → 2026-10-20. Methodology.