Bullion

Corn

Liquidation Risk

agriculture · Last COT: 2026-08-25

This page combines weekly CFTC Commitments of Traders positioning for Corn futures with seasonality, price context, and macro indicators. Percentiles show where the latest net position sits relative to its recent history; extremes can reveal crowded or washed-out positioning, but they are context rather than a standalone trade signal.

At a glance

A reading of the inputs, not a trade recommendation.

Net positioning

Managed Money net positioning is high versus the last two years (93th percentile).

Crowd risk

Liquidation Risk

81.4% of Managed Money contracts are long, which raises exit-risk even if net positioning is not at a high percentile.

Price context

Price sits 100% through its 52-week range, without a flagged price-positioning divergence.

Seasonality and macro

Neutral seasonal bias for week 35. Macro is mixed.

Compare these inputs together. A low net-position percentile can coexist with high gross-long concentration, and price or macro can point in a different direction.

Price
536.50

As of 2026-08-28 · +26.25 (+5.1%)

52-wk Range
100%

399.00 — 510.25

Managed Money Net
+317,448

WoW: +135,756 (+74.7%)

Producer Net
-720,854

WoW: -131,414 (-22.3%)

Swap Dealer Net
+346,246

WoW: +2,406 (+0.7%)

CIT Net
+413,619

WoW: +41,743 (+11.2%)

52-wk Percentile
98.1%

Based on 52 observations

105-wk Percentile
93.3%

Based on 105 observations

Z-Score
1.74
Crowd Risk
Liquidation Risk
Seasonal Ret
+0.29%

Week 35 · 21y avg

Seasonal Win%
52.4%

21 years of data

Seasonal Bias
Neutral
Swap Net: LongHedger-Speculator DivergenceMM Long Concentration: 81.4%

Price Context

Price is near 52-week highs (100%) and managed money is heavily long (93th percentile) — price and positioning are aligned bullish, but crowded. Watch for reversal risk.

COT Baseline Price

510.25

As of 2026-08-24

+31.50 (+6.58%) WoW

52-Week Range

399.00
510.25

100%

Divergence

No Divergence

Seasonality

Current Week (35)
Neutral
Avg Return
+0.29%
Win Rate
52.4%(21y)
3 Strongest Weeks
Week 50+2.70% (65%)
Week 51+2.41% (85%)
Week 53+2.40% (67%)
3 Weakest Weeks
Week 29-3.71% (24%)
Week 25-2.75% (29%)
Week 28-1.74% (48%)
Planting season (Apr–May) and pollination (Jul) are key uncertainty windows that tend to support prices. Post-harvest pressure (Oct–Nov) typically weighs on corn.

Macro Context

Mixed
COT × Macro Alignment: COT positioning is at a 2-year high (93th percentile — crowded long) while macro is Mixed.
DXY (USD Index)
99.68+0.52 (+0.5%)

A weaker dollar makes US agricultural exports more competitive globally, supporting grain and soft commodity prices.

USD/BRL
5.21+0.06 (+1.1%)

A stronger Brazilian real makes Brazilian exports (sugar, coffee, soybeans) more expensive, supporting global prices. A weaker real is bearish.

Soybean/Corn Ratio
2.40-0.06 (-2.5%)

A high soybean/corn ratio incentivizes farmers to plant more soybeans and less corn, affecting future supply dynamics for both crops.

VIX
14.43-0.08 (-0.6%)

Elevated market volatility can disrupt trade flows and financing, creating uncertainty for agricultural commodity prices.

Last 52 Weeks

CSV export includes up to five years of weekly observations.

DateMM NetProducer NetSwap NetCIT NetOpen Interest52-wk %ile105-wk %ileZ-ScoreWoW Chg
2026-08-25+317,448-720,854+346,246+413,6191,707,70698.1%93.3%1.74+135,756 (+74.7%)
2026-08-18+181,692-589,440+343,840+371,8761,728,00378.8%80.0%0.95+55,817 (+44.3%)
2026-08-11+125,875-525,668+327,540+338,1651,684,06573.1%69.5%0.62-18,946 (-13.1%)
2026-08-04+144,821-536,199+327,854+348,1321,762,57376.9%75.2%0.75+18,045 (+14.2%)
2026-07-28+126,776-545,405+341,474+358,1651,736,82776.9%71.4%0.66+70,063 (+123.5%)
2026-07-21+56,713-479,260+340,006+325,9941,742,13975.0%63.8%0.27+45,352 (+399.2%)
2026-07-14+11,361-417,100+322,124+291,6891,707,06367.3%59.0%0.03+26,360 (+175.7%)
2026-07-07-14,999-395,078+327,424+291,8491,711,61357.7%53.3%-0.10+51,997 (+77.6%)
2026-06-30-66,996-353,041+318,162+304,5861,732,03846.2%44.8%-0.36+7,823 (+10.5%)
2026-06-23-74,819-350,517+334,022+339,5261,921,00446.2%43.8%-0.40-25,332 (-51.2%)
2026-06-16-49,487-371,961+339,490+350,8081,958,77153.8%49.5%-0.25-48,181 (-3689.2%)
2026-06-09-1,306-398,197+345,075+356,8631,911,45465.4%57.1%0.02-121,442 (-101.1%)
2026-06-02+120,136-456,684+345,290+392,6331,874,93676.9%71.4%0.67-91,201 (-43.2%)
2026-05-26+211,337-578,814+347,295+432,6071,864,21886.5%84.8%1.17-82,005 (-28.0%)
2026-05-19+293,342-641,760+353,135+439,5721,883,61296.2%92.4%1.64-2,278 (-0.8%)
2026-05-12+295,620-600,639+340,683+438,9381,892,69498.1%93.3%1.69-49,021 (-14.2%)
2026-05-05+344,641-704,053+335,205+441,8381,911,273100.0%98.1%2.00+79,069 (+29.8%)
2026-04-28+265,572-595,077+312,948+400,9251,802,41998.1%92.4%1.62+83,359 (+45.7%)
2026-04-21+182,213-511,008+302,763+367,4301,831,96890.4%85.7%1.19+29,595 (+19.4%)
2026-04-14+152,618-495,632+293,445+348,0611,834,15390.4%82.9%1.04-58,358 (-27.7%)
2026-04-07+210,976-529,490+296,521+382,5401,816,79094.2%88.6%1.39-46,976 (-18.2%)
2026-03-31+257,952-572,360+298,717+387,8631,826,69798.1%92.4%1.68-21,678 (-7.8%)
2026-03-24+279,630-613,518+299,296+396,4261,796,424100.0%93.3%1.84+48,742 (+21.1%)
2026-03-17+230,888-563,874+308,251+396,6101,773,499100.0%92.4%1.61+32,084 (+16.1%)
2026-03-10+198,804-514,056+304,874+384,9071,723,308100.0%90.5%1.47+146,561 (+280.5%)
2026-03-03+52,243-365,054+305,272+340,4311,617,46182.7%76.2%0.65+65,477 (+494.8%)
2026-02-24-13,234-286,685+299,140+323,9241,656,13567.3%68.6%0.30+29,079 (+68.7%)
2026-02-17-42,313-245,821+271,811+321,1131,779,92263.5%65.7%0.14+15,180 (+26.4%)
2026-02-10-57,493-239,098+276,436+323,0741,736,01259.6%64.8%0.07+23,120 (+28.7%)
2026-02-03-80,613-207,268+260,184+311,0081,740,88253.8%61.0%-0.05+983 (+1.2%)
2026-01-27-81,596-202,984+255,675+298,2861,707,45450.0%60.0%-0.04+14,271 (+14.9%)
2026-01-20-95,867-184,466+252,510+310,0021,667,78638.5%53.3%-0.11-5,209 (-5.7%)
2026-01-13-90,658-198,776+247,699+316,7651,613,38642.3%57.1%-0.07-77,828 (-606.6%)
2026-01-06-12,830-277,791+235,938+296,5071,537,72855.8%69.5%0.36+9,918 (+43.6%)
2025-12-30-22,748-259,742+233,391+298,0081,543,01553.8%69.5%0.31-24,540 (-1369.4%)
2025-12-23+1,792-279,914+238,914+306,6371,516,55255.8%71.4%0.45+55,158 (+103.4%)
2025-12-16-53,366-233,812+243,416+322,7941,522,65851.9%68.6%0.16-72,102 (-384.8%)
2025-12-09+18,736-292,813+248,562+329,4421,473,73953.8%73.3%0.56-13,599 (-42.1%)
2025-12-02+32,335-308,333+249,482+330,2511,459,74355.8%75.2%0.65+39,136 (+575.4%)
2025-11-25-6,801-272,910+241,837+327,4911,488,65251.9%73.3%0.44-55,589 (-113.9%)
2025-11-18+48,788-327,680+242,718+316,0601,616,13953.8%76.2%0.76+115,029 (+173.7%)
2025-11-04-66,241-218,600+235,333+300,2161,616,91448.1%70.5%0.14+16,684 (+20.1%)
2025-10-28-82,925-194,301+227,636+274,6371,637,90744.2%68.6%0.05+76,347 (+47.9%)
2025-10-21-159,272-121,632+222,277+260,1241,644,25011.5%41.9%-0.36+28,720 (+15.3%)
2025-10-14-187,992-80,427+220,919+260,8491,655,7313.8%34.3%-0.52-53,380 (-39.7%)
2025-10-07-134,612-109,757+227,473+258,2731,596,36121.2%52.4%-0.23-5,255 (-4.1%)
2025-09-30-129,357-118,721+223,424+269,6961,550,05923.1%55.2%-0.20-32,034 (-32.9%)
2025-09-23-97,323-148,786+228,432+286,0421,543,06530.8%63.8%-0.03-15,826 (-19.4%)
2025-09-16-81,497-156,836+225,209+299,6211,529,79640.4%69.5%0.06+18,096 (+18.2%)
2025-09-09-99,593-136,786+222,776+309,5891,477,84732.7%63.8%-0.03-4,396 (-4.6%)
2025-09-02-95,197-130,951+218,765+307,1831,454,51436.5%66.7%-0.01+15,738 (+14.2%)
2025-08-26-110,935-116,427+210,196+294,5501,456,70132.7%60.0%-0.10+3,702 (+3.2%)

Who Is Holding

Weekly holder positioning stacked by net size in contracts

Each holder is merged to a net position, then stacked from the largest holder at the bottom to the smallest at the top.

Producer / MerchantSwap DealersManaged MoneyOther ReportablesNonreportable