Corn COT Report
Live CFTC Commitments of Traders positioning for Corn futures — commercial hedgers versus managed money. Latest report: July 28, 2026.
By RetailVest Researchsourced from CFTCupdated
Positioning signal
bullish
Specs adding longs (with room to grow)
Z-score (vs 3yr)
0.42
57.7th percentile
Open interest
1,736,827
-5,312 WoW
In plain English
Speculators lean bullish on Corn, but positioning isn't at an extreme yet — there's still room for the trend to run before the crowd gets over-committed.
Who's positioned where
Commercials (hedgers)
-203,931
net · 698,210 long / 902,141 short
Managed money (specs)
+254,320
net · 493,348 long / 239,028 short
Commercial net — last 6 months
What this means for Corn
The CFTC's weekly report splits Corn futures positions into — producers and users hedging real exposure — and , the speculators taking the other side. Commercials are net short here, while specs are net long. Research on hedging pressure finds that when commercial hedgers are unusually net-short, it has historically preceded positive returns — so the (currently 0.42) matters more than the raw number.Corn ultimately trades on weather, crop conditions, and USDA reports, and positioning is one input among those fundamentals.
Educational analysis, not investment advice. Positioning is descriptive and can stay extreme for long stretches.
Trade Corn without futures — ETF proxies
Liquid ETFs that track Corn. Same idea, no margin account required.
Leveraged/inverse ETFs (amber) reset daily and decay over time — for short holds only. Not investment advice.
Other COT reports
New to this? Read how to read the COT report or see the evidence behind hedging-pressure.