Copper- #1 COT Report

Latest data as of 2026-10-06. Source: CFTC Commitments of Traders, legacy futures-only.

Large speculators were net long 69,434 contracts in Copper- #1 futures as of 2026-10-06, down 15,977 from the prior week. Commercial hedgers were net short 77,923 contracts, with total open interest of 304,033 contracts. The COT index stands at 81.6.

Open interest304,033
Non-commercial long108,820
Non-commercial short39,386
Non-commercial net69,434
Commercial long103,794
Commercial short181,717
Commercial net-77,923
WoW change in non-commercial net-15,977
COT index81.6

Last 52 weeks

DateOpen interestNon-commercial netCommercial net
2026-10-06069,434-77,923
2026-09-29085,411-94,841
2026-09-22090,522-100,435
2026-09-15075,134-84,387
2026-09-08092,476-104,644
2026-09-01080,869-92,107
2026-08-25085,266-95,049
2026-08-18079,748-90,140
2026-08-11080,388-91,246
2026-08-04077,123-86,169
2026-07-28067,281-76,161
2026-07-21073,977-82,112
2026-07-14064,385-73,616
2026-07-07064,272-73,170
2026-06-30064,788-73,094
2026-06-23071,620-80,478
2026-06-16075,350-84,408
2026-06-09074,450-83,935
2026-06-02078,833-88,645
2026-05-26073,040-83,712
2026-05-19075,886-85,499
2026-05-12076,309-87,143
2026-05-05062,849-72,017
2026-04-28063,281-72,029
2026-04-21059,204-69,335
2026-04-14055,109-64,141
2026-04-07040,227-51,615
2026-03-31040,104-49,809
2026-03-24037,537-46,288
2026-03-17048,044-59,434
2026-03-10051,666-62,633
2026-03-03057,681-69,744
2026-02-24058,440-72,348
2026-02-17059,331-73,886
2026-02-10045,873-60,792
2026-02-03047,814-62,551
2026-01-27048,390-64,812
2026-01-20052,575-69,186
2026-01-13053,441-68,962
2026-01-06057,858-72,014
2025-12-30059,839-72,708
2025-12-23067,088-80,446
2025-12-16064,826-78,879
2025-12-09062,479-76,183
2025-12-02053,413-66,516
2025-11-25043,637-54,001
2025-11-18051,959-63,120
2025-11-10055,526-68,856
2025-11-04056,375-68,584
2025-10-28049,094-60,803
2025-10-21041,211-52,133
2025-10-14042,627-53,243

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Frequently asked questions

What is the COT report?
The Commitments of Traders (COT) report is a weekly publication by the CFTC that breaks down open interest in futures markets by trader category, including non-commercial (speculator) and commercial (hedger) positions.
When is the COT report released?
The COT report is released every Friday at 3:30 pm ET, with positions measured as of the prior Tuesday.
What does non-commercial net mean?
Non-commercial net is the number of long contracts held by large speculators minus their short contracts. A positive value means speculators are net long; a negative value means they are net short.