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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 2026-09-15 · workbook to 2026-05-19, then 17 weeks from the CFTC

OPEN INTEREST2,531,877contracts
MANAGED MONEY+382,019net contracts · 15.02% of OI
PRODUCER / MERCHANT-690,780net contracts · -27.22% of OI
SWAP DEALERS+327,722net contracts · 12.98% of OI
OTHER REPORTABLES+38,693net contracts · 1.5% of OI
WHAT HAPPENED NEXT

Over the next 4 weeks, managed money bought in 3 and sold in 0 of the 3 years scoring 80% or more.

BOUGHT AFTERWARDS3 of 3matched years
MEDIAN MOVE+2.6 ptsof open interest · +73,964 contracts
CLOSEST YEAR202199.9% match
Managed money net position, % of open interestThis year against its 3 closest years, lined up on the reference week
  • 2021 · 99.9% match
  • 2022 · 99.9% match
  • 2020 · 95.6% match
  • This year, to 2026-09-15
Managed money net position for CORN, this year against 2021, 2022, 2020WHAT HAPPENED NEXTMATCHED WINDOW0%5%10%15%−4w−3w−2w−1wRef+1w+2w+3w+4w
Show the chart as a table
Week202120222020This year
-4+11.8%+13.1%+1.1%+10.5%
-3+11.7%+13.4%+1.9%+15.6%
-2+11.7%+13.6%+3.2%+16.6%
-1+13.4%+13.3%+5.0%+16.4%
Reference+13.7%+13.3%+5.7%+16.0%
+1+12.5%+14.2%+6.8%
+2+12.0%+13.7%+8.5%
+3+13.0%+14.2%+10.2%
+4+16.3%+14.2%+12.8%
EVERY MATCHED YEAR

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

#1202199.9% matchMatched 2021-09-07 to 2021-10-05
2021 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+2.6 pts+73,964 contracts, to 2021-11-02POSITIONED THEN, % OF OI
Managed money
12.47%
Producer / merchant
-24.67%
Swap dealers
12.66%
Other reportables
3.46%
#2202299.9% matchMatched 2022-09-06 to 2022-10-04
2022 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+0.9 pts+28,232 contracts, to 2022-11-01POSITIONED THEN, % OF OI
Managed money
13.36%
Producer / merchant
-25.1%
Swap dealers
12.53%
Other reportables
2.76%
#3202095.6% matchMatched 2020-09-01 to 2020-09-29
2020 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+7.1 pts+169,415 contracts, to 2020-10-27POSITIONED THEN, % OF OI
Managed money
3.38%
Producer / merchant
-14.59%
Swap dealers
9.69%
Other reportables
4.99%
Show 7 weaker matches, below 80%
#4201819.9% matchMatched 2018-09-04 to 2018-10-02
2018 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+3.4 pts+72,033 contracts, to 2018-10-30POSITIONED THEN, % OF OI
Managed money
-3.77%
Producer / merchant
-8.48%
Swap dealers
10.05%
Other reportables
3%
#5201714.8% matchMatched 2017-09-05 to 2017-10-03
2017 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY-2.4 pts-59,562 contracts, to 2017-10-31POSITIONED THEN, % OF OI
Managed money
-7.3%
Producer / merchant
-11.85%
Swap dealers
13.62%
Other reportables
4.4%
#6201911.5% matchMatched 2019-09-03 to 2019-10-01
2019 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+1.9 pts+40,837 contracts, to 2019-10-29POSITIONED THEN, % OF OI
Managed money
-6.99%
Producer / merchant
-9.16%
Swap dealers
7.1%
Other reportables
3%
#7202511.4% matchMatched 2025-09-02 to 2025-09-30
2025 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+2.6 pts+45,804 contracts, to 2025-10-28POSITIONED THEN, % OF OI
Managed money
-5.09%
Producer / merchant
-4.7%
Swap dealers
10.9%
Other reportables
0.72%
#8202411.2% matchMatched 2024-09-03 to 2024-10-01
2024 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+2.7 pts+49,996 contracts, to 2024-10-29POSITIONED THEN, % OF OI
Managed money
-7.25%
Producer / merchant
-6.11%
Swap dealers
12.37%
Other reportables
4.09%
#920169.4% matchMatched 2016-09-06 to 2016-10-04
2016 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+5.8 pts+97,850 contracts, to 2016-11-01POSITIONED THEN, % OF OI
Managed money
-9.71%
Producer / merchant
-7.53%
Swap dealers
13.76%
Other reportables
6.22%
#1020237.1% matchMatched 2023-09-05 to 2023-10-03
2023 against this year, managed money net position-10%0%10%−4wRef+4w
NEXT 4 WEEKS, MANAGED MONEY+1.1 pts+15,001 contracts, to 2023-10-31POSITIONED THEN, % OF OI
Managed money
-8.36%
Producer / merchant
-2.79%
Swap dealers
11.7%
Other reportables
1.58%
CORRELATION OVERVIEW

Every contract, scored against its own history

Report week ending 2026-09-15

CONTRACTS TRACKED38
WITH A MATCHING YEAR35
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 2026-09-19. This page is information, not investment advice.