Swiss Franc COT Report — Net Positioning
Swiss Franc futures · CME · CFTC contract code 092741
Latest positioning
Week ending 8 September 2026 · cut 7,109 on the week · open interest 153,683 (+16,721)
Reading this pair: The CFTC reports positioning in Swiss Franc futures, not USD/CHF. Speculators net long CHF corresponds to net short USD/CHF.
Net speculative position — last 52 weeks
The current reading sits in the 48th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 48% 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 | -29,985 | -7,109 |
| CommercialsProducers, users and banks hedging physical exposure | +41,504 | +5,416 |
| Small tradersBelow the CFTC reporting threshold | -11,519 | — |
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 |
|---|---|---|
| 8 Sep 2026 | -29,985 | 153,683 |
| 1 Sep 2026 | -22,876 | 136,962 |
| 25 Aug 2026 | -19,946 | 108,923 |
| 18 Aug 2026 | -27,278 | 113,749 |
| 11 Aug 2026 | -32,462 | 109,874 |
| 4 Aug 2026 | -32,822 | 109,573 |
| 28 Jul 2026 | -33,462 | 111,939 |
| 21 Jul 2026 | -34,242 | 107,866 |
| 14 Jul 2026 | -36,956 | 108,412 |
| 7 Jul 2026 | -37,414 | 107,672 |
| 30 Jun 2026 | -38,958 | 105,912 |
| 23 Jun 2026 | -41,094 | 108,626 |
| 16 Jun 2026 | -40,058 | 145,747 |
| 9 Jun 2026 | -36,665 | 115,412 |
| 2 Jun 2026 | -32,909 | 111,432 |
| 26 May 2026 | -35,140 | 105,594 |
| 19 May 2026 | -36,937 | 104,225 |
| 12 May 2026 | -36,197 | 94,743 |
| 5 May 2026 | -34,521 | 94,468 |
| 28 Apr 2026 | -35,221 | 94,111 |
| 21 Apr 2026 | -33,273 | 91,532 |
| 14 Apr 2026 | -34,097 | 93,376 |
| 7 Apr 2026 | -30,694 | 86,646 |
| 31 Mar 2026 | -29,871 | 79,740 |
| 24 Mar 2026 | -27,097 | 76,518 |
| 17 Mar 2026 | -25,213 | 74,101 |
| 10 Mar 2026 | -41,092 | 110,897 |
| 3 Mar 2026 | -41,283 | 105,413 |
| 24 Feb 2026 | -41,186 | 96,835 |
| 17 Feb 2026 | -40,881 | 95,743 |
| 10 Feb 2026 | -42,259 | 95,799 |
| 3 Feb 2026 | -40,717 | 93,555 |
| 27 Jan 2026 | -42,893 | 96,111 |
| 20 Jan 2026 | -43,207 | 98,085 |
| 13 Jan 2026 | -43,392 | 96,220 |
| 6 Jan 2026 | -40,266 | 90,378 |
| 30 Dec 2025 | -44,198 | 89,124 |
| 23 Dec 2025 | -43,989 | 88,305 |
| 16 Dec 2025 | -38,907 | 103,436 |
| 9 Dec 2025 | -38,603 | 92,395 |
| 2 Dec 2025 | -35,785 | 77,275 |
| 25 Nov 2025 | -35,360 | 77,509 |
| 18 Nov 2025 | -32,185 | 76,329 |
| 10 Nov 2025 | -36,049 | 82,840 |
| 4 Nov 2025 | -31,887 | 81,378 |
| 28 Oct 2025 | -27,858 | 74,922 |
| 21 Oct 2025 | -27,844 | 74,034 |
| 14 Oct 2025 | -28,206 | 73,172 |
| 7 Oct 2025 | -27,470 | 72,046 |
| 30 Sep 2025 | -26,062 | 71,950 |
| 23 Sep 2025 | -23,018 | 72,030 |
| 16 Sep 2025 | -26,040 | 71,730 |
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.