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Live CFTC

Ercot.Hb_North_Month_On_Rtp - Nodal Exchange

064FOK
AgricultureDisaggregated

Signal state

Neutral-21

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+40 pts

Target Exposure

-21%

Market History

Net Positioning History

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

Compare Markets
Ercot.Hb_North_Month_On_Rtp - Nodal Exchange — Managed Money — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max265975+0+900265+6750.3%1.2%87,109
Min00-265-675-975-1,0150.0%0.0%78,389
13 Per. Avg0352+0+69-352-690.0%0.4%83,857
May 26, 20260975+0+0-975+00.0%1.2%83,291
May 19, 20260975+0+0-975+00.0%1.2%84,061
May 12, 20260975+0+0-975+00.0%1.2%83,941
May 5, 20260975+0+900-975-9000.0%1.2%84,413
Apr 28, 2026075+0+0-75+00.0%0.1%83,663
Apr 21, 2026075+0+0-75+00.0%0.1%81,973
Apr 14, 2026075+0+0-75+00.0%0.1%82,233
Apr 7, 2026075+0+0-75+00.0%0.1%85,040
Mar 31, 2026075+0+0-75+00.0%0.1%84,690
Mar 24, 2026075+0+0-75+00.0%0.1%84,605
Mar 17, 2026075+0+0-75+00.0%0.1%83,129
Mar 10, 2026075+0+0-75+00.0%0.1%83,259
Mar 3, 2026075+0+0-75+00.0%0.1%85,849
Feb 24, 2026075+0+0-75+00.0%0.1%84,959
Feb 17, 2026075+0+0-75+00.0%0.1%80,494
Feb 10, 2026075+0+0-75+00.0%0.1%78,389
Feb 3, 2026075+0+0-75+00.0%0.1%81,339
Jan 27, 2026075+0+0-75+00.0%0.1%81,339
Jan 20, 2026075+0+0-75+00.0%0.1%81,339
Jan 13, 2026075+0+0-75+00.0%0.1%81,159
Jan 6, 2026075+0-675-75+6750.0%0.1%82,384
Dec 30, 20250750+0+0-750+00.0%0.9%82,434
Dec 23, 20250750+0+0-750+00.0%0.9%82,434
Dec 16, 20250750+0+0-750+00.0%0.9%82,264
Dec 9, 20250750-265+750-750-1,0150.0%0.9%82,139
Dec 2, 20252650+0+0265+00.3%0.0%87,109

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.

May 26, 2026(Latest)
Open interest: 83,291 contractsWeek 1 of 26
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Managed Money

Reference group used for the main bias model

0975-975+0.0%+1.2%-1.2%+0

Producer Merchant

66,17052,44113,729+79.4%+63.0%+16.5%+0

Swap Dealers

3,59617,150-13,554+4.3%+20.6%-16.3%+0

Other Reportables

1,9001,120780+2.3%+1.3%+0.9%+0

Nonreportable

9,5409,52020+11.5%+11.4%+0.0%+0

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

The market is leaning bearish. This week looks steady versus the recent range.

Trend check

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

Macro check

Macro conditions are fighting the current positioning.

Crowding

Traders are heavily crowded short.

Current positioning

The market is leaning bearish. Traders are heavily crowded short. Managed Money is currently net short by 975 contracts.

Macro regime

Macro signals are modestly supportive for Ercot.Hb_North_Month_On_Rtp - Nodal Exchange.

Replay summary

Mixed regime. The market is leaning bearish. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are fighting the current positioning.

Risk layer

Veto reasons and caution flags

These are the conditions that reduce conviction even when the raw positioning signal looks strong.

Extreme crowding — squeeze risk elevated.
Price trend does not confirm positioning.
Macro environment is not supportive.