Natural Gas (Henry Hub) 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 171,138 Natural Gas (Henry Hub) futures contracts (up 7,474 week-over-week), commercials are net long 159,102, and open interest is 1,679,435 contracts.
-171,138
Large speculators net
159,102
Commercials net
22.7
COT index (3-year)
1,679,435
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 | -171,138 | +7,474 | -10.2% | 82.4 | 29.2 | 22.7 |
| Commercials | 159,102 | -6,426 | 9.5% | 25.6 | 74.6 | 80.2 |
| Small traders | 12,036 | -1,048 | 0.7% | 23.0 | 36.1 | 33.5 |
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 1990
Disaggregated breakdown — week of 2026-07-21
| Category | Net position | Weekly change |
|---|---|---|
| Producer/merchant | -33,107 | -4,975 |
| Swap dealers | 192,209 | -1,451 |
| Managed money | -102,756 | +2,953 |
| Other reportables | -68,382 | +4,521 |
| Small traders | 12,036 | -1,048 |
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-07-21 | 1,679,435 | -171,138 | +7,474 | 159,102 | -6,426 | 12,036 |
| 2026-07-14 | 1,663,336 | -178,612 | -13,305 | 165,528 | +16,024 | 13,084 |
| 2026-07-07 | 1,669,775 | -165,307 | +5,496 | 149,504 | -4,436 | 15,803 |
| 2026-06-30 | 1,634,535 | -170,803 | +5,886 | 153,940 | -7,827 | 16,863 |
| 2026-06-23 | 1,613,059 | -176,689 | -3,213 | 161,767 | -987 | 14,922 |
| 2026-06-16 | 1,644,546 | -173,476 | +20,481 | 162,754 | -12,984 | 10,722 |
| 2026-06-09 | 1,637,740 | -193,957 | -7,842 | 175,738 | +1,825 | 18,219 |
| 2026-06-02 | 1,664,003 | -186,115 | +17,066 | 173,913 | -16,265 | 12,202 |
| 2026-05-26 | 1,640,082 | -203,181 | -10,985 | 190,178 | +15,954 | 13,003 |
| 2026-05-19 | 1,599,429 | -192,196 | -15,890 | 174,224 | +14,981 | 17,972 |
| 2026-05-12 | 1,628,279 | -176,306 | -9,660 | 159,243 | +6,093 | 17,063 |
| 2026-05-05 | 1,628,637 | -166,646 | -373 | 153,150 | +2,115 | 13,496 |
| 2026-04-28 | 1,578,600 | -166,273 | +2,042 | 151,035 | +719 | 15,238 |
| 2026-04-21 | 1,576,663 | -168,315 | +18,573 | 150,316 | -20,596 | 17,999 |
| 2026-04-14 | 1,585,240 | -186,888 | -2,901 | 170,912 | +8,825 | 15,976 |
| 2026-04-07 | 1,558,863 | -183,987 | -16,531 | 162,087 | +13,659 | 21,900 |
| 2026-03-31 | 1,514,508 | -167,456 | +5,151 | 148,428 | -4,320 | 19,028 |
| 2026-03-24 | 1,504,052 | -172,607 | +5,422 | 152,748 | -4,658 | 19,859 |
| 2026-03-17 | 1,560,291 | -178,029 | +8,827 | 157,406 | -6,766 | 20,623 |
| 2026-03-10 | 1,565,341 | -186,856 | +19,566 | 164,172 | -20,188 | 22,684 |
| 2026-03-03 | 1,606,292 | -206,422 | -7,903 | 184,360 | +1,179 | 22,062 |
| 2026-02-24 | 1,619,531 | -198,519 | -12,707 | 183,181 | +8,383 | 15,338 |
| 2026-02-17 | 1,613,556 | -185,812 | -13,947 | 174,798 | +15,356 | 11,014 |
| 2026-02-10 | 1,623,408 | -171,865 | +445 | 159,442 | -4,014 | 12,423 |
| 2026-02-03 | 1,655,983 | -172,310 | -8,704 | 163,456 | +10,689 | 8,854 |
| 2026-01-27 | 1,625,943 | -163,606 | +29,884 | 152,767 | -29,293 | 10,839 |
Full history, no login: CSV (1990-04-12 → 2026-07-21) · JSON
Contract facts
(Contracts of 10,000 MMBTU'S)
Contract unit (CFTC)
NG
Ticker
NYMEX
Exchange
023651
CFTC contract code
FAQ
- Are large speculators long or short Natural Gas (Henry Hub) futures?
- As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net short 171,138 contracts in Natural Gas (Henry Hub) futures.
- How current is this Natural Gas (Henry Hub) 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 Natural Gas (Henry Hub) COT history?
- The full weekly series (1990-04-12 to 2026-07-21) is free at /data/cot/natural-gas.csv — no login, no cap.
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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 023651. Dataset coverage 1990-04-12 → 2026-07-21. Methodology.