CME Milk IV 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)
CME Milk IV positioning is mixed - commercials selling (26w index 39).
How this read is built
- Commercials (hedgers) are net short and sit in the middle of their 26-week range (COT index 39) - a bearish tilt in the traditional read.
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 3,539 CME Milk IV futures contracts (up 2,383 week-over-week), commercials are net short 2,814, and open interest is 11,519 contracts. Managed money was net long 53 contracts as of (up 104 week-over-week).
Cite this data
FuturesBench, "CME Milk IV COT Report," data as of 2026-09-01. 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 2026-09-01
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | 3,539 | +2,383 | 30.7% | 55.3 | 72.8 | 72.8 |
| Commercials | -2,814 | -2,279 | -24.4% | 39.3 | 24.0 | 24.0 |
| Small traders | -725 | -104 | -6.3% | 66.3 | 48.9 | 47.9 |
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 net position rose by 2,383 contracts to 3,539 (206.1% w/w) - the largest weekly change since 2026-07-07.
- Commercials net position fell by 2,279 contracts to -2,814 - the largest weekly change since 2026-07-07.
- Open interest rose 26.6% week-over-week to 11,519 contracts.
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 | -3,434 | -2,126 | -29.8% | 56.2 | 46.4 | 46.4 |
| Swap dealers | 620 | -230 | 5.4% | 0.0 | 0.0 | 0.0 |
| Managed money | 53 | +104 | 0.5% | 100.0 | 100.0 | 89.4 |
| Other reportables | 3,486 | +2,423 | 30.3% | 55.4 | 71.0 | 71.0 |
| Small traders | -725 | -171 | -6.3% | 66.3 | 48.9 | 47.9 |
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 | 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 |
| 2026-04-21 | 13,562 | 4,286 | +854 | -3,070 | -827 | -1,216 |
| 2026-04-14 | 12,482 | 3,432 | +854 | -2,243 | -951 | -1,189 |
| 2026-04-07 | 11,504 | 2,578 | -27 | -1,292 | +197 | -1,286 |
| 2026-03-31 | 12,521 | 2,605 | +815 | -1,489 | -833 | -1,116 |
| 2026-03-24 | 12,012 | 1,790 | +901 | -656 | -900 | -1,134 |
| 2026-03-17 | 11,160 | 889 | +665 | 244 | -547 | -1,133 |
| 2026-03-10 | 10,407 | 224 | +1,016 | 791 | -903 | -1,015 |
Full history, no login: CSV (2011-06-28 → 2026-09-01) · JSON
Contract facts
FAQ
- Are large speculators long or short CME Milk IV futures?
- As of the 2026-09-01 COT report, large speculators (non-commercial traders) are net long 3,539 contracts in CME Milk IV futures.
- How current is this CME Milk IV 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 CME Milk IV COT history?
- The full weekly series (2011-06-28 to 2026-09-01) 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 → 2026-09-01. Methodology.