Pennsylvania Aec Tier 2-V2026 - Nodal Exchange

006NLV

AgricultureDisaggregated

Signal state

Bullish+35

8-Week Trend

8 weeks agoThis week

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+46 pts

Target Exposure

+35%

Market History

Net Positioning History

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

Compare Markets

Pennsylvania Aec Tier 2-V2026 - Nodal Exchange — Managed Money — 6 Month Positioning Report
Report Date	Long Positions	Short Positions	Change in Longs	Change in Shorts	Net Positions	Net Change	% OI Long	% OI Short	Open Interest
Max	3,951	0	+350	+0	3,951	+350	14.0%	0.0%	28,686
Min	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
13 Per. Avg	3,951	0	+0	+0	3,951	+0	13.9%	0.0%	28,495
May 26, 2026	3,951	0	+0	+0	3,951	+0	14.0%	0.0%	28,291
May 19, 2026	3,951	0	+0	+0	3,951	+0	14.0%	0.0%	28,291
May 12, 2026	3,951	0	+0	+0	3,951	+0	13.9%	0.0%	28,341
May 5, 2026	3,951	0	+0	+0	3,951	+0	13.9%	0.0%	28,341
Apr 28, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,601
Apr 21, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,601
Apr 14, 2026	3,951	0	+0	+0	3,951	+0	13.9%	0.0%	28,351
Apr 7, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,551
Mar 31, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,686
Mar 24, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,595
Mar 17, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,595
Mar 10, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,595
Mar 3, 2026	3,951	0	+0	+0	3,951	+0	13.8%	0.0%	28,595
Feb 24, 2026	3,951	0	+0	+0	3,951	+0	14.0%	0.0%	28,145
Feb 17, 2026	3,951	0	+350	+0	3,951	+350	14.0%	0.0%	28,145
Feb 10, 2026	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Feb 3, 2026	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Jan 27, 2026	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Jan 20, 2026	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Jan 13, 2026	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Jan 6, 2026	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Dec 30, 2025	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Dec 23, 2025	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Dec 16, 2025	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Dec 9, 2025	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545
Dec 2, 2025	3,601	0	+0	+0	3,601	+0	13.1%	0.0%	27,545

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: 28,291 contractsWeek 1 of 26

Trader type	Long	Short	Net	Long % OI	Short % OI	Net % OI	WoW Δ Net
Managed Money Reference group used for the main bias model	3,951	0	3,951	+14.0%	+0.0%	+14.0%	+0
Other Reportables	6,766	13,094	-6,328	+23.9%	+46.3%	-22.4%	+0
Producer Merchant	16,080	13,524	2,556	+56.8%	+47.8%	+9.0%	+0
Swap Dealers	1,394	1,573	-179	+4.9%	+5.6%	-0.6%	+0
Nonreportable	100	100	0	+0.4%	+0.4%	+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 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 supporting the current positioning.

Crowding

Traders are heavily crowded long.

Current positioning

The market is leaning bullish. Traders are heavily crowded long. Managed Money is currently net long by 3,951 contracts.

Macro regime

Macro currents are clearly supportive for Pennsylvania Aec Tier 2-V2026 - Nodal Exchange, with the broader regime reinforcing the current bias.

Replay summary

Constructive bullish regime. The market is leaning bullish. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are supporting 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.