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SOYBEAN MEAL

SOYBEAN MEAL · CHICAGO BOARD OF TRADE · CFTC code 026603 · week ending 2026-08-11

Trader category
Range

Managed Money is net long 12.2% of open interest

Managed Money holds a net position of 73,690 contracts, or 12.2% of the 603,986 contracts of open interest, leaving the category net long. That is within the normal range of the last three years (z = +0.81 and sits at 70 on a 0–100 scale of its three-year range). In contracts, the net position moved −4,140 while open interest moved −5,272 — long liquidation, with longs closing out rather than new sellers arriving. That is −0.57pp as a share of open interest.

Net position as a share of open interest

Managed Money · blue above the line is net long, red below is net short

Open interest

The denominator. Positioning shares mean little without knowing whether the market itself is growing or shrinking.

Z-score vs its own 3-year history

Shaded beyond ±2σ. Measures how unusual today's share is for this market.

COT Index (0–100)

Rank within the 3-year range. Shaded below 10 and above 90.

Weekly flow, adjusted for open interest

Change in the net share week over week, in percentage points of open interest.

Who is on the other side

Net share of open interest by trader group. The groups net to zero — every long is someone's short.

Producer / Merchant Swap Dealer Managed Money Other Reportable Non-Reportable
Recent weeks (table view)
Week Open interest Net Net % OI Δ pp Z COT Idx
2026-08-11 603,986 73,690 12.20% -0.57 0.81 70
2026-08-04 609,258 77,830 12.77% -1.33 0.85 72
2026-07-28 621,646 87,696 14.11% 2.22 0.95 75
2026-07-21 618,289 73,476 11.88% 4.11 0.79 70
2026-07-14 599,353 46,576 7.77% 4.63 0.48 61
2026-07-07 595,447 18,722 3.14% 2.34 0.13 50
2026-06-30 588,519 4,740 0.81% -1.19 -0.05 45
2026-06-23 619,446 12,359 2.00% -1.03 0.04 48
2026-06-16 642,971 19,460 3.03% -6.05 0.11 50
2026-06-09 610,926 55,447 9.08% -10.01 0.55 63
2026-06-02 666,639 127,232 19.09% -0.45 1.29 86
2026-05-26 632,655 123,593 19.54% -1.36 1.33 87