Corn COT Report
Live CFTC Commitments of Traders positioning for Corn futures — commercial hedgers versus managed money. Latest report: June 9, 2026.
Positioning signal
bearish
Specs adding shorts (with room to grow)
Z-score (vs 3yr)
-0.39
50th percentile
Open interest
1,911,454
+36,518 WoW
Who's positioned where
Commercials (hedgers)
-53,122
net · 848,686 long / 901,808 short
Managed money (specs)
+103,559
net · 477,576 long / 374,017 short
Commercial net — last 6 months
What this means for Corn
The CFTC's weekly Commitments of Traders report splits Corn futures positions into commercials — producers and users hedging real exposure — and managed money, 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 z-score (currently -0.39) 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.
Other COT reports
New to this? Read how to read the COT report or see the evidence behind hedging-pressure.