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CFTC COMMITMENTS OF TRADERS

Find the years
that look like this one.

Every Friday the CFTC publishes how each category of futures trader is positioned. This tool takes the last few weeks of that positioning for a contract and scores it against the same weeks of every earlier year, then shows what positioning did over the weeks that followed each match.

POSITIONING NOW

CORN · CBOT

Average of 5 weekly reports to 2026-11-03 · workbook to 2026-05-19, then 24 weeks from the CFTC

OPEN INTEREST2,537,739contracts
MANAGED MONEY+145,507net contracts · 5.74% of OI
PRODUCER / MERCHANT-486,648net contracts · -19.18% of OI
SWAP DEALERS+329,959net contracts · 13% of OI
OTHER REPORTABLES+31,777net contracts · 1.25% of OI
WHAT HAPPENED NEXT

Over the next 4 weeks, managed money bought in 3 and sold in 2 of the 5 years scoring 80% or more.

BOUGHT AFTERWARDS3 of 5matched years
MEDIAN MOVE+2.5 ptsof open interest · -6,275 contracts
CLOSEST YEAR202297% match
Managed money net position, % of open interestThis year against its 3 closest years, lined up on the reference week
  • 2022 · 97% match
  • 2020 · 95.6% match
  • 2021 · 94.6% match
  • This year, to 2026-11-03
Managed money net position for CORN, this year against 2022, 2020, 2021WHAT HAPPENED NEXTMATCHED WINDOW0%5%10%15%20%−4w−3w−2w−1wRef+1w+2w+3w+4w
Show the chart as a table
Week202220202021This year
-4+14.2%+10.2%+13.0%+12.4%
-3+14.2%+12.8%+16.3%+9.2%
-2+12.4%+13.3%+16.0%+5.8%
-1+9.6%+12.1%+16.4%+2.2%
Reference+9.7%+11.9%+17.5%-0.9%
+1+13.2%+13.5%+18.8%—
+2+8.1%+13.0%+19.3%—
+3+8.7%+12.9%+19.7%—
+4+7.9%+11.8%+20.0%—
EVERY MATCHED YEAR

Ranked by similarity. Each chart shows that year in colour against this year in black.

#1202297% matchMatched 2022-10-25 to 2022-11-22
2022 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY-1.8 pts-56,952 contracts, to 2022-12-20POSITIONED THEN, % OF OI
Managed money
12%
Producer / merchant
-24.38%
Swap dealers
12.35%
Other reportables
2.42%
#2202095.6% matchMatched 2020-10-20 to 2020-11-17
2020 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY-0.1 pts-28,629 contracts, to 2020-12-15POSITIONED THEN, % OF OI
Managed money
12.04%
Producer / merchant
-24.96%
Swap dealers
8.95%
Other reportables
6.11%
#3202194.6% matchMatched 2021-10-26 to 2021-11-23
2021 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+2.5 pts-6,275 contracts, to 2021-12-21POSITIONED THEN, % OF OI
Managed money
15.84%
Producer / merchant
-28.07%
Swap dealers
11.39%
Other reportables
3.4%
#4201888.6% matchMatched 2018-10-23 to 2018-11-20
2018 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+7.1 pts+136,022 contracts, to 2018-12-18POSITIONED THEN, % OF OI
Managed money
0.72%
Producer / merchant
-12.09%
Swap dealers
9.77%
Other reportables
2.88%
#5202481.8% matchMatched 2024-10-22 to 2024-11-19
2024 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+2.6 pts+44,787 contracts, to 2024-12-17POSITIONED THEN, % OF OI
Managed money
1.44%
Producer / merchant
-11.71%
Swap dealers
10.99%
Other reportables
1.91%
Show 5 weaker matches, below 80%
#6201646.7% matchMatched 2016-10-25 to 2016-11-22
2016 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY-3.1 pts-36,692 contracts, to 2016-12-20POSITIONED THEN, % OF OI
Managed money
-3.49%
Producer / merchant
-15.48%
Swap dealers
14.67%
Other reportables
7.2%
#7201929.5% matchMatched 2019-10-22 to 2019-11-19
2019 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+0.7 pts+28,693 contracts, to 2019-12-17POSITIONED THEN, % OF OI
Managed money
-4.9%
Producer / merchant
-9.11%
Swap dealers
7.82%
Other reportables
1.02%
#8202528.3% matchMatched 2025-10-21 to 2025-11-18
2025 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY-4.5 pts-90,799 contracts, to 2025-12-16POSITIONED THEN, % OF OI
Managed money
-3.34%
Producer / merchant
-7.07%
Swap dealers
10.07%
Other reportables
0.96%
#9201718.9% matchMatched 2017-10-24 to 2017-11-21
2017 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY-1.7 pts-11,687 contracts, to 2017-12-19POSITIONED THEN, % OF OI
Managed money
-10.1%
Producer / merchant
-5.69%
Swap dealers
11.89%
Other reportables
3.34%
#10202318.7% matchMatched 2023-10-24 to 2023-11-21
2023 against this year, managed money net position0%20%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY-1.5 pts+4,778 contracts, to 2023-12-19POSITIONED THEN, % OF OI
Managed money
-8.42%
Producer / merchant
-2.3%
Swap dealers
10.77%
Other reportables
1.49%
CORRELATION OVERVIEW

Every contract, scored against its own history

Report week ending 2026-11-03

CONTRACTS TRACKED38
WITH A MATCHING YEAR36
SIMILARITY THRESHOLD80%
HOW THE SCORE IS BUILT
  1. Net position. For each trader category, long contracts minus short contracts, taken as a share of open interest so a 2016 week is comparable with a 2026 one.
  2. Two features per category. The average level across the lookback window, and the change from its first week to its last.
  3. Weighting. Managed money carries 70% of the vector, producers 15%, swap dealers 10% and other reportables 5%. Level counts for 85% of each category and trend for 15%.
  4. Comparison. Cosine similarity against the same calendar week, give or take a fortnight, in each earlier year. The result is mapped onto 0 to 100, so identical positioning reads 100 and opposite positioning reads 0.

Because the score is a cosine on a weighted vector, numbers cluster high and only the ordering is meaningful: an 85% match is not “85% likely” to do anything. The forward columns show what positioning did next, not what the price did. Source: CFTC Commitments of Traders, disaggregated futures-and-options combined, published by the CFTC and used here unmodified. Data as built on 2026-11-09. This page is information, not investment advice.