Palladium 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)
Palladium positioning leans bullish - commercials buying (26w index 100).
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.
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 9,133 Palladium futures contracts (down 1,055 week-over-week), commercials are net long 8,123, and open interest is 24,916 contracts. Managed money was net short 11,994 contracts as of (down 1,295 week-over-week), holding 5,440 long and 17,434 short.
Cite this data
FuturesBench, "Palladium COT Report," data as of 2026-10-20. https://futuresbench.com/cot/palladium/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/palladium.csv
Embed this chart
<iframe src="https://futuresbench.com/embed/cot/palladium/" width="100%" height="560" frameborder="0" loading="lazy" title="Palladium COT Report chart - FuturesBench"></iframe>
Reporting gap: the CFTC published no data for this contract code between and (about 37 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 | -9,133 | -1,055 | -36.7% | 0.0 | 0.0 | 31.6 |
| Commercials | 8,123 | +1,028 | 32.6% | 100.0 | 100.0 | 67.3 |
| Small traders | 1,010 | +27 | 4.1% | 70.8 | 38.2 | 53.9 |
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
- Open interest rose 7.5% to 24,916 contracts, a 111-week high.
- Large speculators reduced their net position for a 6th consecutive week.
- Commercials raised their net position for a 6th consecutive week.
- Large speculators net position is at a 52-week low (-9,133 contracts).
- Commercials net position is at a 52-week high (8,123 contracts).
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 | 1,613 | +695 | 6.5% | 100.0 | 100.0 | 69.8 |
| Swap dealers | 6,510 | +333 | 26.1% | 100.0 | 100.0 | 64.7 |
| Managed money | -11,994 | -1,295 | -48.1% | 0.0 | 0.0 | 24.7 |
| Other reportables | 2,861 | +240 | 11.5% | 100.0 | 100.0 | 87.0 |
| Small traders | 1,010 | +27 | 4.1% | 70.8 | 38.2 | 53.9 |
Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.
Palladium managed money positions, week by week
Managed money long, short and net position in Palladium 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 |
|---|---|---|---|---|---|---|
| 5,440 | 17,434 | -11,994 | -1,295 | 1,613 | 6,510 | |
| 5,304 | 16,003 | -10,699 | -1,314 | 918 | 6,177 | |
| 4,485 | 13,870 | -9,385 | -1,423 | 182 | 5,606 | |
| 3,740 | 11,702 | -7,962 | -1,956 | -97 | 4,794 | |
| 4,028 | 10,034 | -6,006 | -318 | -669 | 3,900 | |
| 4,273 | 9,961 | -5,688 | -1,349 | -655 | 3,733 | |
| 4,839 | 9,178 | -4,339 | +280 | -437 | 3,269 | |
| 4,626 | 9,245 | -4,619 | +880 | -263 | 3,576 | |
| 4,486 | 9,985 | -5,499 | -182 | -423 | 4,158 | |
| 4,032 | 9,349 | -5,317 | -370 | -236 | 3,834 | |
| 4,464 | 9,411 | -4,947 | +511 | -183 | 3,558 | |
| 4,523 | 9,981 | -5,458 | +715 | 102 | 3,716 | |
| 4,391 | 10,564 | -6,173 | +444 | 632 | 3,782 | |
| 3,966 | 10,583 | -6,617 | -390 | 775 | 3,926 | |
| 4,147 | 10,374 | -6,227 | +154 | 597 | 3,819 | |
| 3,622 | 10,003 | -6,381 | -412 | 509 | 3,652 | |
| 4,164 | 10,133 | -5,969 | -1,245 | 387 | 3,236 | |
| 4,783 | 9,507 | -4,724 | -405 | 37 | 2,631 | |
| 5,146 | 9,465 | -4,319 | +141 | -634 | 2,776 | |
| 4,700 | 9,160 | -4,460 | -969 | -586 | 2,822 | |
| 4,710 | 8,201 | -3,491 | +281 | -999 | 2,294 | |
| 4,126 | 7,898 | -3,772 | -1,039 | -808 | 2,867 | |
| 4,301 | 7,034 | -2,733 | -785 | -823 | 2,386 | |
| 4,698 | 6,646 | -1,948 | -10 | -1,063 | 1,749 | |
| 4,628 | 6,566 | -1,938 | +398 | -882 | 1,657 | |
| 4,782 | 7,118 | -2,336 | -550 | -892 | 1,410 |
Every week back to 2006: Palladium disaggregated CSV.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-10-20 | 24,916 | -9,133 | -1,055 | 8,123 | +1,028 | 1,010 |
| 2026-10-13 | 23,173 | -8,078 | -1,061 | 7,095 | +1,307 | 983 |
| 2026-10-06 | 21,060 | -7,017 | -1,192 | 5,788 | +1,091 | 1,229 |
| 2026-09-29 | 18,602 | -5,825 | -1,292 | 4,697 | +1,466 | 1,128 |
| 2026-09-22 | 16,730 | -4,533 | -383 | 3,231 | +153 | 1,302 |
| 2026-09-15 | 16,707 | -4,150 | -438 | 3,078 | +246 | 1,072 |
| 2026-09-08 | 16,773 | -3,712 | +593 | 2,832 | -481 | 880 |
| 2026-09-01 | 16,497 | -4,305 | +519 | 3,313 | -422 | 992 |
| 2026-08-25 | 17,496 | -4,824 | -426 | 3,735 | +137 | 1,089 |
| 2026-08-18 | 18,366 | -4,398 | -482 | 3,598 | +223 | 800 |
| 2026-08-11 | 18,194 | -3,916 | +419 | 3,375 | -443 | 541 |
| 2026-08-04 | 18,574 | -4,335 | +432 | 3,818 | -596 | 517 |
| 2026-07-28 | 18,699 | -4,767 | +236 | 4,414 | -287 | 353 |
| 2026-07-21 | 18,440 | -5,003 | -114 | 4,701 | +285 | 302 |
| 2026-07-14 | 18,578 | -4,889 | -231 | 4,416 | +255 | 473 |
| 2026-07-07 | 17,854 | -4,658 | -334 | 4,161 | +538 | 497 |
| 2026-06-30 | 17,847 | -4,324 | -1,068 | 3,623 | +955 | 701 |
| 2026-06-23 | 17,149 | -3,256 | -453 | 2,668 | +526 | 588 |
| 2026-06-16 | 17,011 | -2,803 | +161 | 2,142 | -94 | 661 |
| 2026-06-09 | 17,455 | -2,964 | -958 | 2,236 | +941 | 728 |
| 2026-06-02 | 16,284 | -2,006 | +884 | 1,295 | -764 | 711 |
| 2026-05-26 | 16,692 | -2,890 | -393 | 2,059 | +496 | 831 |
| 2026-05-19 | 17,259 | -2,497 | -582 | 1,563 | +877 | 934 |
| 2026-05-12 | 17,419 | -1,915 | -439 | 686 | -89 | 1,229 |
| 2026-05-05 | 15,985 | -1,476 | -12 | 775 | +257 | 701 |
| 2026-04-28 | 15,794 | -1,464 | -479 | 518 | +488 | 946 |
Full history, no login: CSV (1986-01-15 → 2026-10-20) · JSON
Contract facts
FAQ
- Are large speculators long or short Palladium futures?
- As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 9,133 contracts in Palladium futures.
- What is the managed money position in Palladium futures?
- As of the 2026-10-20 COT report, managed money traders are net short 11,994 contracts (5,440 long, 17,434 short) in Palladium futures. The week-by-week table on this page lists the last 26 reports.
- How current is this Palladium 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 Palladium COT history?
- The full weekly series (1986-01-15 to 2026-10-20) is free at /data/cot/palladium.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 075651. Dataset coverage 1986-01-15 → 2026-10-20. Methodology.