30-Day Fed Funds COT Report — Net Positioning
30-Day Fed Funds futures · CBOT · CFTC contract code 045601
Latest positioning
Week ending 6 October 2026 · added 143,295 on the week · open interest 2,343,262 (-234,785)
Net speculative position — last 52 weeks
The current reading sits in the 89th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 89% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | +82,669 | +143,295 |
| CommercialsProducers, users and banks hedging physical exposure | -92,200 | -139,527 |
| Small tradersBelow the CFTC reporting threshold | +9,531 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 6 Oct 2026 | +82,669 | 2,343,262 |
| 29 Sep 2026 | -60,626 | 2,578,047 |
| 22 Sep 2026 | -2,045 | 2,518,412 |
| 15 Sep 2026 | +20,474 | 2,401,545 |
| 8 Sep 2026 | -83,889 | 2,136,373 |
| 1 Sep 2026 | -303,784 | 2,857,486 |
| 25 Aug 2026 | -341,262 | 2,764,513 |
| 18 Aug 2026 | -287,940 | 2,557,960 |
| 11 Aug 2026 | -222,959 | 2,387,555 |
| 4 Aug 2026 | -283,592 | 2,353,124 |
| 28 Jul 2026 | -312,547 | 2,688,322 |
| 21 Jul 2026 | -392,302 | 2,406,137 |
| 14 Jul 2026 | -407,579 | 2,276,254 |
| 7 Jul 2026 | -354,253 | 2,325,148 |
| 30 Jun 2026 | -336,017 | 2,430,120 |
| 23 Jun 2026 | -299,403 | 2,187,080 |
| 16 Jun 2026 | -187,934 | 2,095,395 |
| 9 Jun 2026 | -177,055 | 1,799,526 |
| 2 Jun 2026 | -132,324 | 1,701,171 |
| 26 May 2026 | -106,799 | 1,939,945 |
| 19 May 2026 | -96,824 | 1,908,126 |
| 12 May 2026 | -42,000 | 1,779,352 |
| 5 May 2026 | +30,815 | 1,594,391 |
| 28 Apr 2026 | -14,312 | 1,954,442 |
| 21 Apr 2026 | -4,559 | 1,862,668 |
| 14 Apr 2026 | -27,761 | 1,857,369 |
| 7 Apr 2026 | -74,504 | 1,840,266 |
| 31 Mar 2026 | -50,706 | 2,188,866 |
| 24 Mar 2026 | -32,042 | 2,214,221 |
| 17 Mar 2026 | -23,399 | 2,153,736 |
| 10 Mar 2026 | -76,782 | 1,987,045 |
| 3 Mar 2026 | -160,245 | 1,817,249 |
| 24 Feb 2026 | -209,611 | 2,334,560 |
| 17 Feb 2026 | -231,181 | 2,134,594 |
| 10 Feb 2026 | -174,730 | 1,937,470 |
| 3 Feb 2026 | -194,703 | 1,765,710 |
| 27 Jan 2026 | -116,029 | 2,345,798 |
| 20 Jan 2026 | -77,811 | 2,199,385 |
| 13 Jan 2026 | +59,440 | 2,150,469 |
| 6 Jan 2026 | +160,358 | 2,190,669 |
| 30 Dec 2025 | +180,795 | 2,600,580 |
| 23 Dec 2025 | +255,186 | 2,592,771 |
| 16 Dec 2025 | +272,501 | 2,586,292 |
| 9 Dec 2025 | +310,943 | 2,424,475 |
| 2 Dec 2025 | +284,299 | 2,150,976 |
| 25 Nov 2025 | +219,823 | 2,560,167 |
| 18 Nov 2025 | -93,419 | 2,025,963 |
| 10 Nov 2025 | -104,590 | 1,973,685 |
| 4 Nov 2025 | -131,950 | 2,058,249 |
| 28 Oct 2025 | -148,193 | 2,673,627 |
| 21 Oct 2025 | -83,037 | 2,583,819 |
| 14 Oct 2025 | -94,178 | 2,582,076 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.