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Live CFTC

Non Fat Dry Milk - Chicago Mercantile Exchange

052642
AgricultureDisaggregated

Signal state

Neutral+24

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+9 pts

Target Exposure

+24%

Market History

Net Positioning History

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

Compare Markets
Non Fat Dry Milk - Chicago Mercantile ExchangeManaged Money — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max66213+27+7266+1120.3%1.2%25,662
Min00-23-110-213-720.0%0.0%13,761
13 Per. Avg3334+5-5-1+100.2%0.2%18,936
Mar 24, 20266318+1-1345+140.3%0.1%25,662
Mar 17, 20266231-4+3131-350.3%0.1%23,902
Mar 10, 2026660+14-8666+1000.3%0.0%20,572
Mar 3, 20265286+7+39-34-320.2%0.4%22,299
Feb 24, 20264547+5+14-2-90.2%0.2%20,489
Feb 17, 20264033+4-97+130.2%0.2%19,177
Feb 10, 20263642-6+29-6-350.2%0.2%18,346
Feb 3, 20264213+15-1029+250.2%0.1%19,482
Jan 27, 20262723+27-254+520.2%0.1%17,147
Jan 20, 2026048+0+39-48-390.0%0.3%14,674
Jan 13, 202609+0-29-9+290.0%0.1%14,397
Jan 6, 2026038+0-17-38+170.0%0.3%13,761
Dec 30, 2025055-2-33-55+310.0%0.3%16,262
Dec 23, 2025288+2-110-86+1120.0%0.5%16,238
Dec 16, 20250198+0+32-198-320.0%1.2%16,053
Dec 9, 20250166+0-47-166+470.0%1.1%15,684
Dec 2, 20250213+0+72-213-720.0%1.2%17,952
Nov 25, 20250141+0-39-141+390.0%0.8%17,334
Nov 18, 20250180-23+5-180-280.0%1.1%16,606
Nov 10, 202523175+23-7-152+300.1%1.1%15,827
Nov 4, 20250182+0+2-182-20.0%1.0%18,517
Oct 28, 20250180+0-16-180+160.0%1.0%18,044
Oct 21, 20250196+0-8-196+80.0%1.1%18,118
Oct 14, 20250204+0+21-204-210.0%1.2%16,642
Oct 7, 20250183+0+2-183-20.0%1.2%15,219
Sep 30, 20250181+0+0-181+00.0%1.1%15,989

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: 25,662 contractsWeek 1 of 26
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Managed Money

Reference group used for the main bias model

631845+0.3%+0.1%+0.2%+14

Other Reportables

961,981-1,885+0.4%+7.7%-7.3%-245

Nonreportable

1,315451864+5.1%+1.8%+3.4%-2

Swap Dealers

1,8061,063743+7.0%+4.1%+2.9%-82

Producer Merchant

14,09013,856234+54.9%+54.0%+0.9%+315

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 bullish. 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 mostly neutral right now.

Crowding

Positioning is noticeable but not yet extreme.

Current positioning

The market is leaning bullish. Positioning is noticeable but not yet extreme. Managed Money is currently net long by 45 contracts.

Macro regime

Macro conditions are mostly neutral for Non Fat Dry Milk - Chicago Mercantile Exchange.

Replay summary

Mixed regime. The market is leaning bullish. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are mostly neutral right now.

Risk layer

Veto reasons and caution flags

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

Price trend does not confirm positioning.