Soybean Meal 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)
Soybean Meal positioning leans bearish - commercials selling (26w index 0), speculators crowded long (3y index 100).
How this read is built
- Commercials (hedgers) are net short and sit near the bottom of their 26-week range (COT index 0) - a bearish tilt in the traditional read.
- Large speculators are net long near the top of their 3-year range (index 100) - a crowded long, which historically leans bearish 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 long 177,863 Soybean Meal futures contracts (up 56,892 week-over-week), commercials are net short 202,585, and open interest is 649,027 contracts. Managed money was net long 157,179 contracts as of (up 73,864 week-over-week).
Cite this data
FuturesBench, "Soybean Meal COT Report," data as of 2026-09-01. https://futuresbench.com/cot/soybean-meal/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/soybean-meal.csv
Embed this chart
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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 | 177,863 | +56,892 | 27.4% | 100.0 | 100.0 | 100.0 |
| Commercials | -202,585 | -58,783 | -31.2% | 0.0 | 0.0 | 0.0 |
| Small traders | 24,722 | +1,891 | 3.8% | 87.4 | 89.2 | 81.3 |
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 177,863 contracts is a record high for this market.
- Commercials net position of -202,585 contracts is a record low for this market.
- Large speculators net position rose by 56,892 contracts to 177,863 (47.0% w/w) - the largest weekly change since 2026-06-09.
- Commercials net position fell by 58,783 contracts to -202,585 (40.9% w/w) - the largest weekly change since 2026-06-09.
- Open interest rose 6.7% to 649,027 contracts, a 12-week high.
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 | -317,977 | -56,094 | -49.0% | 0.0 | 0.0 | 0.0 |
| Swap dealers | 115,392 | -5,411 | 17.8% | 79.6 | 79.6 | 86.8 |
| Managed money | 157,179 | +73,864 | 24.2% | 100.0 | 100.0 | 100.0 |
| Other reportables | 20,684 | -12,898 | 3.2% | 21.3 | 40.7 | 59.0 |
| Small traders | 24,722 | +539 | 3.8% | 87.4 | 89.2 | 81.3 |
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 | 649,027 | 177,863 | +56,892 | -202,585 | -58,783 | 24,722 |
| 2026-08-25 | 608,353 | 120,971 | +4,074 | -143,802 | -2,722 | 22,831 |
| 2026-08-18 | 604,433 | 116,897 | +11,233 | -141,080 | -13,254 | 24,183 |
| 2026-08-11 | 603,986 | 105,664 | -3,503 | -127,826 | +3,189 | 22,162 |
| 2026-08-04 | 609,258 | 109,167 | -14,538 | -131,015 | +13,819 | 21,848 |
| 2026-07-28 | 621,646 | 123,705 | +9,845 | -144,834 | -9,831 | 21,129 |
| 2026-07-21 | 618,289 | 113,860 | +26,823 | -135,003 | -23,751 | 21,143 |
| 2026-07-14 | 599,353 | 87,037 | +24,649 | -111,252 | -25,035 | 24,215 |
| 2026-07-07 | 595,447 | 62,388 | +13,702 | -86,217 | -17,679 | 23,829 |
| 2026-06-30 | 588,519 | 48,686 | -10,335 | -68,538 | +9,781 | 19,852 |
| 2026-06-23 | 619,446 | 59,021 | +597 | -78,319 | +2,708 | 19,298 |
| 2026-06-16 | 642,971 | 58,424 | -27,180 | -81,027 | +28,743 | 22,603 |
| 2026-06-09 | 610,926 | 85,604 | -70,583 | -109,770 | +65,873 | 24,166 |
| 2026-06-02 | 666,639 | 156,187 | +1,593 | -175,643 | +5,315 | 19,456 |
| 2026-05-26 | 632,655 | 154,594 | -5,147 | -180,958 | +2,804 | 26,364 |
| 2026-05-19 | 620,299 | 159,741 | +11,088 | -183,762 | -21,802 | 24,021 |
| 2026-05-12 | 591,426 | 148,653 | +13,939 | -161,960 | -4,671 | 13,307 |
| 2026-05-05 | 576,797 | 134,714 | -8,387 | -157,289 | +3,140 | 22,575 |
| 2026-04-28 | 581,659 | 143,101 | +6,646 | -160,429 | -1,410 | 17,328 |
| 2026-04-21 | 618,540 | 136,455 | -15,760 | -159,019 | +14,240 | 22,564 |
| 2026-04-14 | 604,587 | 152,215 | +35,351 | -173,259 | -36,150 | 21,044 |
| 2026-04-07 | 601,554 | 116,864 | -3,330 | -137,109 | +4,107 | 20,245 |
| 2026-03-31 | 593,544 | 120,194 | -6,877 | -141,216 | +9,541 | 21,022 |
| 2026-03-24 | 576,213 | 127,071 | +24,533 | -150,757 | -27,865 | 23,686 |
| 2026-03-17 | 538,682 | 102,538 | +3,360 | -122,892 | -3,475 | 20,354 |
| 2026-03-10 | 529,224 | 99,178 | +26,423 | -119,417 | -29,191 | 20,239 |
Full history, no login: CSV (1986-01-15 → 2026-09-01) · JSON
Contract facts
FAQ
- Are large speculators long or short Soybean Meal futures?
- As of the 2026-09-01 COT report, large speculators (non-commercial traders) are net long 177,863 contracts in Soybean Meal futures.
- How current is this Soybean Meal 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 Soybean Meal COT history?
- The full weekly series (1986-01-15 to 2026-09-01) is free at /data/cot/soybean-meal.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 026603. Dataset coverage 1986-01-15 → 2026-09-01. Methodology.