Speculative Positioning
Managed-money positioning in CBOT soybean oil futures — the tightest US-traded proxy for palm oil speculative sentiment. Updated weekly from the CFTC Commitments of Traders report.
Managed money net
125,348
Net long (contracts)
Historical percentile
89th
Long crowded
Managed money long
145,542
contracts
Managed money short
20,194
contracts
Open interest
779,213
total contracts
Weekly history
| Report date | MM net | MM long | MM short | Producer net | Open interest |
|---|---|---|---|---|---|
| 2026-07-21 | 125,348 | 145,542 | 20,194 | 0 | 779,213 |
| 2026-07-14 | 113,029 | 136,058 | 23,029 | 0 | 747,953 |
| 2026-07-07 | 89,228 | 123,096 | 33,868 | 0 | 737,817 |
| 2026-06-30 | 92,232 | 129,157 | 36,925 | 0 | 722,118 |
| 2026-06-23 | 103,589 | 132,086 | 28,497 | 0 | 805,184 |
| 2026-06-16 | 122,914 | 147,171 | 24,257 | 0 | 825,370 |
| 2026-06-09 | 131,436 | 159,380 | 27,944 | 0 | 834,358 |
| 2026-06-02 | 156,433 | 179,637 | 23,204 | 0 | 879,979 |
| 2026-05-26 | 141,418 | 169,976 | 28,558 | 0 | 845,469 |
| 2026-05-19 | 156,434 | 177,185 | 20,751 | 0 | 871,317 |
| 2026-05-12 | 162,287 | 181,457 | 19,170 | 0 | 859,167 |
| 2026-05-05 | 169,142 | 190,031 | 20,889 | 0 | 861,776 |
| 2026-04-28 | 165,725 | 187,746 | 22,021 | 0 | 841,298 |
| 2026-04-21 | 165,444 | 185,399 | 19,955 | 0 | 946,660 |
| 2026-04-14 | 148,320 | 165,366 | 17,046 | 0 | 892,433 |
| 2026-04-07 | 150,682 | 166,637 | 15,955 | 0 | 923,157 |
| 2026-03-31 | 135,809 | 155,951 | 20,142 | 0 | 937,512 |
| 2026-03-24 | 122,621 | 148,111 | 25,490 | 0 | 935,870 |
| 2026-03-17 | 122,356 | 151,781 | 29,425 | 0 | 923,568 |
| 2026-03-10 | 108,838 | 152,629 | 43,791 | 0 | 915,257 |
| 2026-03-03 | 75,509 | 141,663 | 66,154 | 0 | 877,183 |
| 2026-02-24 | 63,312 | 136,060 | 72,748 | 0 | 853,616 |
| 2026-02-17 | 41,819 | 118,127 | 76,308 | 0 | 864,090 |
| 2026-02-10 | 33,093 | 103,138 | 70,045 | 0 | 841,432 |
| 2026-02-03 | 9,841 | 83,369 | 73,528 | 0 | 778,141 |
| 2026-01-27 | 13,335 | 85,055 | 71,720 | 0 | 764,733 |
Source: U.S. Commodity Futures Trading Commission (CFTC) Commitments of Traders report, disaggregated futures only. Soybean oil (CBOT) is used as a proxy — palm oil does not have a direct CFTC-reported contract. Managed money = hedge funds and CTAs; extreme positioning (85th+ or 15th- percentile) historically precedes reversals. This is context, not a trade recommendation.
Speculators crowded? Physical buyers can lock in contrarian pricing — talk to our desk.
Get a quote →