Soybean Meal 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 long 113,860 Soybean Meal futures contracts (up 26,823 week-over-week), commercials are net short 135,003, and open interest is 618,289 contracts.

113,860
Large speculators net
-135,003
Commercials net
81.4
COT index (3-year)
618,289
Open interest

Positioning — week of 2026-07-21

Trader categoryNet positionWeekly change% of open interestCOT index 26wCOT index 52wCOT index 3y
Large speculators113,860+26,82318.4%72.781.181.4
Commercials-135,003-23,751-21.8%27.819.719.7
Small traders21,143-3,0723.4%61.565.760.7

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 1986

-210k-140k-70k070k140k2025-072025-092025-112025-122026-022026-032026-052026-07Large speculatorsCommercials
-210k-140k-70k070k140k210k2021-082022-042023-012023-092024-062025-022025-112026-07Large speculatorsCommercials
-210k-140k-70k070k140k210k1986-011994-122000-032005-062010-092015-122021-042026-07Large speculatorsCommercials

Disaggregated breakdown — week of 2026-07-21

CategoryNet positionWeekly change
Producer/merchant-249,593-28,792
Swap dealers114,590+5,041
Managed money73,476+26,900
Other reportables40,384-77
Small traders21,143-3,072

Recent history

Report dateOpen interestLarge spec netΔCommercial netΔSmall trader net
2026-07-21618,289113,860+26,823-135,003-23,75121,143
2026-07-14599,35387,037+24,649-111,252-25,03524,215
2026-07-07595,44762,388+13,702-86,217-17,67923,829
2026-06-30588,51948,686-10,335-68,538+9,78119,852
2026-06-23619,44659,021+597-78,319+2,70819,298
2026-06-16642,97158,424-27,180-81,027+28,74322,603
2026-06-09610,92685,604-70,583-109,770+65,87324,166
2026-06-02666,639156,187+1,593-175,643+5,31519,456
2026-05-26632,655154,594-5,147-180,958+2,80426,364
2026-05-19620,299159,741+11,088-183,762-21,80224,021
2026-05-12591,426148,653+13,939-161,960-4,67113,307
2026-05-05576,797134,714-8,387-157,289+3,14022,575
2026-04-28581,659143,101+6,646-160,429-1,41017,328
2026-04-21618,540136,455-15,760-159,019+14,24022,564
2026-04-14604,587152,215+35,351-173,259-36,15021,044
2026-04-07601,554116,864-3,330-137,109+4,10720,245
2026-03-31593,544120,194-6,877-141,216+9,54121,022
2026-03-24576,213127,071+24,533-150,757-27,86523,686
2026-03-17538,682102,538+3,360-122,892-3,47520,354
2026-03-10529,22499,178+26,423-119,417-29,19120,239
2026-03-03520,94072,755+21,920-90,226-19,78317,471
2026-02-24502,62250,835+32,489-70,443-33,97019,608
2026-02-17526,30318,346+6,974-36,473-10,26418,127
2026-02-10530,65611,372+8,548-26,209-10,59314,837
2026-02-03545,7292,824+11,118-15,616-7,54712,792
2026-01-27533,253-8,294+14,496-8,069-16,33016,363

Full history, no login: CSV (1986-01-15 → 2026-07-21) · JSON

Contract facts

(CONTRACTS OF 100 TONS)
Contract unit (CFTC)
ZM
Ticker
CBOT
Exchange
026603
CFTC contract code

FAQ

Are large speculators long or short Soybean Meal futures?
As of the 2026-07-21 COT report, large speculators (non-commercial traders) are net long 113,860 contracts in Soybean Meal futures.
How current is this Soybean Meal 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 Soybean Meal COT history?
The full weekly series (1986-01-15 to 2026-07-21) is free at /data/cot/soybean-meal.csv — no login, no cap.
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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 026603. Dataset coverage 1986-01-15 → 2026-07-21. Methodology.