NEUTRAL
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Live CFTC

Dry Whey - Chicago Mercantile Exchange

052645
AgricultureDisaggregated

Signal state

Neutral-10

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+8 pts

Target Exposure

-10%

Market History

Net Positioning History

Historical net positioning (Longs minus Shorts) for the reference trader group.

Compare Markets
Dry Whey - Chicago Mercantile ExchangeManaged Money — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max821,507+6+1,328-2+1,2952.4%30.8%5,200
Min06-41-1,301-1,507-1,3280.0%0.2%2,598
13 Per. Avg0617+0-2-616+20.0%12.9%4,882
Mar 24, 2026033-6-1,301-33+1,2950.0%0.7%4,977
Mar 17, 202661,334+6+5-1,328+10.1%28.4%4,699
Mar 10, 202601,329+0-134-1,329+1340.0%29.6%4,494
Mar 3, 202601,463+0-44-1,463+440.0%29.8%4,916
Feb 24, 202601,507+0+72-1,507-720.0%30.8%4,888
Feb 17, 202601,435+0+1,328-1,435-1,3280.0%30.3%4,734
Feb 10, 20260107+0-5-107+50.0%2.3%4,678
Feb 3, 20260112+0-16-112+160.0%2.2%5,096
Jan 27, 20260128+0-4-128+40.0%2.5%5,200
Jan 20, 20260132+0-2-132+20.0%2.7%4,925
Dec 30, 20250134+0-17-134+170.0%2.6%5,056
Dec 23, 20250151+0+0-151+00.0%3.0%5,039
Dec 16, 20250151+0+92-151-920.0%3.2%4,761
May 13, 2025059+0+16-59-160.0%2.1%2,777
May 6, 2025043+0-8-43+80.0%1.6%2,743
Apr 29, 2025051+0+0-51+00.0%1.5%3,434
Apr 22, 2025051+0-7-51+70.0%1.5%3,438
Apr 15, 2025058+0+14-58-140.0%1.7%3,413
Apr 1, 2025044+0+38-44-380.0%1.1%3,922
Mar 25, 202506+0-45-6+450.0%0.2%3,869
Mar 18, 2025051-41-6-51-350.0%1.3%3,891
Jul 2, 20244157+0+3-16-31.5%2.0%2,801
Jun 25, 20244154+0+0-13+01.5%1.9%2,776
Jun 18, 20244154+0+11-13-111.5%2.0%2,720
Jun 11, 20244143-41-43-2+21.6%1.7%2,598
Jun 4, 20248286+0+0-4+02.4%2.5%3,433

COT report

Longs vs shorts by trader category — week by week

Browse the official CFTC report week by week to see how each trader group's positioning has shifted. The WoW Δ column shows the net contract change from the prior week.

Mar 24, 2026(Latest)
Open interest: 4,977 contractsWeek 1 of 26
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Managed Money

Reference group used for the main bias model

033-33+0.0%+0.7%-0.7%

Other Reportables

21,332-1,330+0.0%+26.8%-26.7%-2

Producer Merchant

3,0832,174909+61.9%+43.7%+18.3%+129

Nonreportable

933192741+18.8%+3.9%+14.9%+31

Swap Dealers

466752-286+9.4%+15.1%-5.8%-124

Interpretation layer

Why the terminal reads this market the way it does

The platform turns the underlying scores into a readable narrative: pressure, confirmation, macro support, and crowding.

Positioning pressure

Bearish pressure is fading. This week's COT print is less bearish than the prior week.

Trend check

Price trend is flat, so momentum is not adding much confirmation yet.

Macro check

Macro conditions are mostly neutral right now.

Crowding

Positioning is noticeable but not yet extreme.

Current positioning

Bearish pressure is fading. Positioning is noticeable but not yet extreme. Managed Money is currently net short by 33 contracts.

Macro regime

Macro conditions are mostly neutral for Dry Whey - Chicago Mercantile Exchange.

Replay summary

Mixed regime. Bearish pressure is fading. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are mostly neutral right now.