Non Fat Dry Milk 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)
Non Fat Dry Milk 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 5,834 Non Fat Dry Milk futures contracts (down 884 week-over-week), commercials are net long 5,191, and open interest is 12,404 contracts. Managed money was net short 771 contracts as of (down 1 week-over-week).
Cite this data
FuturesBench, "Non Fat Dry Milk COT Report," data as of 2026-09-01. https://futuresbench.com/cot/non-fat-dry-milk/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/non-fat-dry-milk.csv
Embed this chart
<iframe src="https://futuresbench.com/embed/cot/non-fat-dry-milk/" width="100%" height="560" frameborder="0" loading="lazy" title="Non Fat Dry Milk COT Report chart - FuturesBench"></iframe>
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 | -5,834 | -884 | -47.0% | 0.0 | 0.0 | 0.0 |
| Commercials | 5,191 | +933 | 41.8% | 100.0 | 100.0 | 100.0 |
| Small traders | 643 | -49 | 5.2% | 48.4 | 67.9 | 81.5 |
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 of -5,834 contracts is a record low for this market.
- Commercials net position of 5,191 contracts is a record high for this market.
- Large speculators net position fell by 884 contracts to -5,834 (17.9% w/w) - the largest weekly change since 2026-08-11.
- Commercials net position rose by 933 contracts to 5,191 (21.9% w/w) - the largest weekly change since 2026-08-11.
- Open interest rose 11.0% week-over-week to 12,404 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 | 3,667 | +959 | 29.6% | 92.3 | 92.3 | 92.3 |
| Swap dealers | 1,524 | +279 | 12.3% | 100.0 | 100.0 | 100.0 |
| Managed money | -771 | -1 | -6.2% | 22.9 | 22.1 | 18.4 |
| Other reportables | -5,063 | -1,237 | -40.8% | 0.0 | 0.0 | 0.0 |
| Small traders | 643 | +0 | 5.2% | 48.4 | 67.9 | 81.5 |
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 | 12,404 | -5,834 | -884 | 5,191 | +933 | 643 |
| 2026-08-25 | 11,177 | -4,950 | -354 | 4,258 | +305 | 692 |
| 2026-08-18 | 10,520 | -4,596 | -295 | 3,953 | +256 | 643 |
| 2026-08-11 | 10,057 | -4,301 | +1,297 | 3,697 | -1,337 | 604 |
| 2026-08-04 | 12,616 | -5,598 | -241 | 5,034 | +291 | 564 |
| 2026-07-28 | 12,338 | -5,357 | -303 | 4,743 | +281 | 614 |
| 2026-07-21 | 12,065 | -5,054 | -382 | 4,462 | +369 | 592 |
| 2026-07-14 | 11,925 | -4,672 | -228 | 4,093 | +155 | 579 |
| 2026-07-07 | 11,638 | -4,444 | +302 | 3,938 | -281 | 506 |
| 2026-06-30 | 13,885 | -4,746 | -190 | 4,219 | +168 | 527 |
| 2026-06-23 | 13,781 | -4,556 | -26 | 4,051 | +8 | 505 |
| 2026-06-16 | 13,640 | -4,530 | -176 | 4,043 | +162 | 487 |
| 2026-06-09 | 13,426 | -4,354 | -958 | 3,881 | +991 | 473 |
| 2026-06-02 | 14,871 | -3,396 | -52 | 2,890 | +123 | 506 |
| 2026-05-26 | 13,954 | -3,344 | +144 | 2,767 | +26 | 577 |
| 2026-05-19 | 13,407 | -3,488 | -214 | 2,741 | +156 | 747 |
| 2026-05-12 | 12,855 | -3,274 | -299 | 2,585 | +388 | 689 |
| 2026-05-05 | 11,945 | -2,975 | -332 | 2,197 | +378 | 778 |
| 2026-04-28 | 13,749 | -2,643 | +10 | 1,819 | -158 | 824 |
| 2026-04-21 | 12,867 | -2,653 | -284 | 1,977 | +282 | 676 |
| 2026-04-14 | 12,515 | -2,369 | -384 | 1,695 | +477 | 674 |
| 2026-04-07 | 11,857 | -1,985 | -306 | 1,218 | +186 | 767 |
| 2026-03-31 | 13,860 | -1,679 | +710 | 1,032 | -648 | 647 |
| 2026-03-24 | 12,359 | -2,389 | +18 | 1,680 | +12 | 709 |
| 2026-03-17 | 12,060 | -2,407 | -458 | 1,668 | +345 | 739 |
| 2026-03-10 | 11,278 | -1,949 | -116 | 1,323 | +242 | 626 |
Full history, no login: CSV (2013-11-19 → 2026-09-01) · JSON
Contract facts
FAQ
- Are large speculators long or short Non Fat Dry Milk futures?
- As of the 2026-09-01 COT report, large speculators (non-commercial traders) are net short 5,834 contracts in Non Fat Dry Milk futures.
- How current is this Non Fat Dry Milk 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 Non Fat Dry Milk COT history?
- The full weekly series (2013-11-19 to 2026-09-01) is free at /data/cot/non-fat-dry-milk.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 052642. Dataset coverage 2013-11-19 → 2026-09-01. Methodology.