Milk, Class III 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 7,674 Milk, Class III futures contracts (up 781 week-over-week), commercials are net long 9,435, and open interest is 31,606 contracts.
-7,674
Large speculators net
9,435
Commercials net
17.6
COT index (3-year)
31,606
Open interest
Positioning — week of 2026-07-21
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | -7,674 | +781 | -24.3% | 48.9 | 48.9 | 17.6 |
| Commercials | 9,435 | -859 | 29.9% | 34.6 | 44.1 | 75.3 |
| Small traders | -1,761 | +78 | -5.6% | 80.5 | 49.7 | 48.5 |
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 1997
Disaggregated breakdown — week of 2026-07-21
| Category | Net position | Weekly change |
|---|---|---|
| Producer/merchant | 537 | -662 |
| Swap dealers | 8,898 | -197 |
| Managed money | -4,380 | +1,230 |
| Other reportables | -3,294 | -449 |
| Small traders | -1,761 | +78 |
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-07-21 | 31,606 | -7,674 | +781 | 9,435 | -859 | -1,761 |
| 2026-07-14 | 31,830 | -8,455 | +1 | 10,294 | -17 | -1,839 |
| 2026-07-07 | 31,523 | -8,456 | +1,686 | 10,311 | -1,956 | -1,855 |
| 2026-06-30 | 34,275 | -10,142 | -841 | 12,267 | +594 | -2,125 |
| 2026-06-23 | 32,900 | -9,301 | +327 | 11,673 | -263 | -2,372 |
| 2026-06-16 | 31,205 | -9,628 | -456 | 11,936 | +549 | -2,308 |
| 2026-06-09 | 30,056 | -9,172 | +675 | 11,387 | -2,109 | -2,215 |
| 2026-06-02 | 32,418 | -9,847 | -981 | 13,496 | +1,937 | -3,649 |
| 2026-05-26 | 30,712 | -8,866 | -1,329 | 11,559 | +998 | -2,693 |
| 2026-05-19 | 28,690 | -7,537 | -1,023 | 10,561 | +1,441 | -3,024 |
| 2026-05-12 | 26,794 | -6,514 | -992 | 9,120 | +1,183 | -2,606 |
| 2026-05-05 | 25,720 | -5,522 | +436 | 7,937 | -941 | -2,415 |
| 2026-04-28 | 28,234 | -5,958 | +213 | 8,878 | +128 | -2,920 |
| 2026-04-21 | 27,796 | -6,171 | -531 | 8,750 | +654 | -2,579 |
| 2026-04-14 | 26,829 | -5,640 | -543 | 8,096 | +810 | -2,456 |
| 2026-04-07 | 25,948 | -5,097 | +674 | 7,286 | -971 | -2,189 |
| 2026-03-31 | 28,721 | -5,771 | -52 | 8,257 | +88 | -2,486 |
| 2026-03-24 | 29,148 | -5,719 | -251 | 8,169 | +244 | -2,450 |
| 2026-03-17 | 28,725 | -5,468 | +45 | 7,925 | +118 | -2,457 |
| 2026-03-10 | 28,401 | -5,513 | +1,383 | 7,807 | -572 | -2,294 |
| 2026-03-03 | 33,237 | -6,896 | -644 | 8,379 | +503 | -1,483 |
| 2026-02-24 | 32,465 | -6,252 | +463 | 7,876 | -432 | -1,624 |
| 2026-02-17 | 30,990 | -6,715 | -244 | 8,308 | +19 | -1,593 |
| 2026-02-10 | 30,680 | -6,471 | +2,398 | 8,289 | -1,885 | -1,818 |
| 2026-02-03 | 34,442 | -8,869 | -1,555 | 10,174 | +1,296 | -1,305 |
| 2026-01-27 | 34,222 | -7,314 | +746 | 8,878 | -754 | -1,564 |
Full history, no login: CSV (1997-10-14 → 2026-07-21) · JSON
Contract facts
(CONTRACTS OF 200,000 POUNDS)
Contract unit (CFTC)
052641
CFTC contract code
FAQ
- Are large speculators long or short Milk, Class III futures?
- As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net short 7,674 contracts in Milk, Class III futures.
- How current is this Milk, Class III 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 Milk, Class III COT history?
- The full weekly series (1997-10-14 to 2026-07-21) is free at /data/cot/milk-class-iii.csv — no login, no cap.
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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 052641. Dataset coverage 1997-10-14 → 2026-07-21. Methodology.