Soybean Oil

Neutral

agriculture · Last COT: 2026-08-25

This page combines weekly CFTC Commitments of Traders positioning for Soybean Oil 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.

How to read the COT metrics

At a glance

A reading of the inputs, not a trade recommendation.

Net positioning

Managed Money net positioning is within its recent range (80th percentile).

Crowd risk

Neutral

Gross long exposure is not at the dashboard's concentration threshold.

Price context

Price sits 70% 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

71.06

As of 2026-08-28 · +3.06 (+4.5%)

52-wk Range

70%

47.90 — 76.70

Managed Money Net

+85,116

WoW: -6,117 (-6.7%)

Producer Net

-199,392

WoW: +1,413 (+0.7%)

Swap Dealer Net

+85,918

WoW: +1,325 (+1.6%)

CIT Net

+101,730

WoW: +329 (+0.3%)

52-wk Percentile

59.6%

Based on 52 observations

105-wk Percentile

80.0%

Based on 105 observations

Z-Score

0.77

Crowd Risk

Neutral

Seasonal Ret

+0.23%

Week 35 · 21y avg

Seasonal Win%

57.1%

21 years of data

Seasonal Bias

Neutral

Swap Net: LongHedger-Speculator DivergenceMM Long Concentration: 79.7%

Price Context

Price is in the upper half of its range (70%) with moderate-to-bullish positioning (80th percentile) — price and COT are directionally aligned. No divergence signal.

COT Baseline Price

68.00

As of 2026-08-24

-3.18 (-4.47%) WoW

52-Week Range

47.90

76.70

70%

Divergence

No Divergence

Seasonality

Current Week (35)

➖ Neutral

Avg Return

+0.23%

Win Rate

57.1%(21y)

3 Strongest Weeks

Week 53+2.48% (67%)

Week 6+1.68% (71%)

Week 26+1.63% (48%)

3 Weakest Weeks

Week 36-2.09% (25%)

Week 39-1.34% (30%)

Week 33-1.24% (48%)

Biodiesel blending mandates and palm oil seasonality (low output Feb–Apr) create Q1 strength. Post-harvest crush season (Oct–Dec) increases supply and pressures prices.

Macro Context

Mixed

COT × Macro Alignment: COT positioning is elevated (80th percentile — leaning bearish) 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.

Date	MM Net	Producer Net	Swap Net	CIT Net	Open Interest	52-wk %ile	105-wk %ile	Z-Score	WoW Chg
2026-08-25	+85,116	-199,392	+85,918	+101,730	597,071	59.6%	80.0%	0.77	-6,117 (-6.7%)
2026-08-18	+91,233	-200,805	+84,593	+101,401	624,433	61.5%	81.0%	0.89	+11,949 (+15.1%)
2026-08-11	+79,284	-180,590	+84,414	+95,502	620,069	59.6%	80.0%	0.70	+251 (+0.3%)
2026-08-04	+79,033	-174,108	+83,449	+95,042	623,230	59.6%	80.0%	0.72	-28,865 (-26.8%)
2026-07-28	+107,898	-200,829	+88,407	+97,701	650,041	69.2%	84.8%	1.20	-12,348 (-10.3%)
2026-07-21	+120,246	-209,731	+84,856	+97,703	661,652	76.9%	88.6%	1.42	+12,301 (+11.4%)
2026-07-14	+107,945	-195,576	+77,217	+90,786	638,102	73.1%	86.7%	1.25	+23,026 (+27.1%)
2026-07-07	+84,919	-182,246	+77,938	+88,249	642,514	67.3%	83.8%	0.90	-7,027 (-7.6%)
2026-06-30	+91,946	-190,255	+80,546	+92,070	630,035	69.2%	84.8%	1.02	-11,260 (-10.9%)
2026-06-23	+103,206	-192,846	+74,420	+90,136	658,976	71.2%	85.7%	1.22	-19,218 (-15.7%)
2026-06-16	+122,424	-198,149	+77,747	+97,644	687,004	78.8%	89.5%	1.54	-6,322 (-4.9%)
2026-06-09	+128,746	-214,000	+78,898	+98,844	690,051	80.8%	90.5%	1.67	-21,849 (-14.5%)
2026-06-02	+150,595	-235,283	+79,289	+109,956	732,813	90.4%	95.2%	2.06	+10,816 (+7.7%)
2026-05-26	+139,779	-238,895	+83,350	+109,663	717,825	86.5%	93.3%	1.95	-14,497 (-9.4%)
2026-05-19	+154,276	-256,514	+83,758	+114,825	716,142	92.3%	96.2%	2.24	-5,261 (-3.3%)
2026-05-12	+159,537	-252,965	+83,358	+117,652	704,130	94.2%	97.1%	2.40	-7,422 (-4.4%)
2026-05-05	+166,959	-261,663	+78,957	+122,039	705,664	98.1%	99.0%	2.61	+2,620 (+1.6%)
2026-04-28	+164,339	-255,000	+71,905	+115,130	709,224	98.1%	99.0%	2.68	-3,604 (-2.1%)
2026-04-21	+167,943	-248,709	+67,329	+107,775	746,951	100.0%	100.0%	2.86	+17,726 (+11.8%)
2026-04-14	+150,217	-220,626	+62,972	+104,845	722,682	100.0%	100.0%	2.68	+1,860 (+1.3%)
2026-04-07	+148,357	-226,904	+62,752	+102,055	730,818	100.0%	100.0%	2.77	+18,401 (+14.2%)
2026-03-31	+129,956	-215,507	+66,558	+102,515	741,746	100.0%	100.0%	2.54	+11,460 (+9.7%)
2026-03-24	+118,496	-200,327	+69,772	+100,766	738,609	98.1%	99.0%	2.41	-1,114 (-0.9%)
2026-03-17	+119,610	-208,171	+72,833	+106,329	729,392	100.0%	100.0%	2.53	+15,728 (+15.1%)
2026-03-10	+103,882	-188,247	+73,269	+111,524	721,541	100.0%	100.0%	2.28	+35,689 (+52.3%)
2026-03-03	+68,193	-162,713	+76,934	+120,449	712,331	100.0%	99.0%	1.56	+10,879 (+19.0%)
2026-02-24	+57,314	-162,150	+81,534	+119,014	717,299	92.3%	93.3%	1.35	+20,605 (+56.1%)
2026-02-17	+36,709	-142,269	+79,389	+113,811	713,795	65.4%	75.2%	0.91	+7,251 (+24.6%)
2026-02-10	+29,458	-134,387	+71,457	+113,026	695,631	57.7%	71.4%	0.76	+22,192 (+305.4%)
2026-02-03	+7,266	-107,205	+67,252	+103,760	667,851	44.2%	58.1%	0.27	-3,281 (-31.1%)
2026-01-27	+10,547	-116,137	+70,521	+115,063	662,084	46.2%	62.9%	0.36	+36,949 (+139.9%)
2026-01-20	-26,402	-84,064	+79,019	+109,982	649,710	15.4%	38.1%	-0.46	+27,690 (+51.2%)
2026-01-13	-54,092	-69,424	+92,163	+107,607	642,121	7.7%	17.1%	-1.07	+11,724 (+17.8%)
2026-01-06	-65,816	-52,890	+106,666	+118,829	639,134	3.8%	8.6%	-1.34	+1,156 (+1.7%)
2025-12-30	-66,972	-46,858	+110,997	+120,935	630,045	1.9%	6.7%	-1.37	-4,920 (-7.9%)
2025-12-23	-62,052	-45,701	+106,576	+120,176	662,742	1.9%	9.5%	-1.28	-26,237 (-73.3%)
2025-12-16	-35,815	-67,807	+102,564	+123,302	667,726	3.8%	31.4%	-0.70	-27,283 (-319.8%)
2025-12-09	-8,532	-113,665	+101,495	+130,893	658,799	19.2%	47.6%	-0.08	-2,723 (-46.9%)
2025-12-02	-5,809	-120,608	+103,382	+131,805	683,096	19.2%	47.6%	-0.02	+14,307 (+71.1%)
2025-11-25	-20,116	-95,738	+99,227	+123,433	692,473	13.5%	40.0%	-0.35	-8,708 (-76.3%)
2025-11-18	-11,408	-119,058	+97,874	+118,421	737,253	15.4%	45.7%	-0.15	+11,274 (+49.7%)
2025-11-04	-22,682	-103,879	+96,552	+105,388	695,548	9.6%	38.1%	-0.41	-22,564 (-19122.0%)
2025-10-28	-118	-127,485	+93,530	+111,095	675,609	17.3%	51.4%	0.10	-1,564 (-108.2%)
2025-10-21	+1,446	-134,956	+96,164	+115,304	661,607	19.2%	53.3%	0.14	-2,488 (-63.2%)
2025-10-14	+3,934	-137,811	+98,562	+117,906	625,438	21.2%	54.3%	0.19	-2,749 (-41.1%)
2025-10-07	+6,683	-144,915	+102,741	+123,073	612,118	23.1%	56.2%	0.24	+7,390 (+1045.3%)
2025-09-30	-707	-134,102	+104,741	+126,061	619,379	15.4%	50.5%	0.07	-2,517 (-139.1%)
2025-09-23	+1,810	-136,429	+103,945	+128,595	642,066	17.3%	52.4%	0.12	-16,103 (-89.9%)
2025-09-16	+17,913	-157,596	+102,591	+131,989	641,441	30.8%	61.0%	0.47	+13,499 (+305.8%)
2025-09-09	+4,414	-145,204	+104,832	+127,517	631,776	21.2%	52.4%	0.16	-10,508 (-70.4%)
2025-09-02	+14,922	-154,581	+99,893	+123,561	606,808	30.8%	59.0%	0.38	-13,381 (-47.3%)
2025-08-26	+28,303	-163,190	+99,554	+124,612	604,231	40.4%	64.8%	0.66	-4,574 (-13.9%)

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