| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Index-trader crowding | 33.24 | 13.74 | 11.36 | 36.27 |
| Corn | 26.54 | 14.92 | 9.10 | 32.73 |
| Wheat | 49.42 | 10.86 | 6.57 | 51.00 |
| Soybeans | 23.76 | 15.45 | 7.07 | 32.16 |
CIT Net/OI_i = (cit_positions_long_all − cit_positions_short_all) / open_interest_all × 100; composite = equal-weight meanCommodity Index Trader (CIT) long and short positions from the CFTC Supplemental CIT report for corn, wheat and soybean futures on the CBOT. Net/OI is (cit long − cit short) / open interest × 100. The composite is the equal-weight mean of the three Net/OI series. This is the official Index Trader cohort, not the Disaggregated Other Reportables residual.
As of 4 August 2026, the latest reading is 13.74 % of OI. That is up 1.0 pp over the past year and below its long-run median of 20.69 % of OI.
A high reading means index-trader flows are heavily net long across all three contracts. The structural flow is pushing in one direction, which tends to reinforce the trend. A low or negative reading means index-trader net positions are flat or net short, which is unusual for a structurally long cohort and suggests a portfolio rebalance or a reallocation away from commodity indices.
The Supplemental CIT report is the CFTC publication that isolates Index Traders on selected agricultural contracts. It is not the Disaggregated Other Reportables residual, which mixes index flows with other unclassified reportable traders.
CIT coverage is limited to the agricultural contracts the CFTC includes in the Supplemental report. The composite averages Net/OI across contracts with different open-interest scales. Treat the chart as context for passive-flow positioning, not investment advice.
When index-trader net positions are large and uniform across all three contracts, the passive buyer base is concentrated, a setup that has coincided with trend persistence in agricultural futures and with sharper reversals when the index flows rebalance.
As of 4 August 2026, the latest reading is 13.74 % of OI. That is up 1.0 pp over the past year and below its long-run median of 20.69 % of OI.
This benchmark is built on weekly data. The page is refreshed when the source publishes new observations; the freshness block below the chart shows the exact data-through date and when PIER20 last fetched the file.
The chart is built from Index-trader crowding, Corn, Wheat and Soybeans, sourced from the CFTC Commitments of Traders report.
Managed money is the speculative cohort (hedge funds, CTAs) on our contract pages, and it trades directionally. This page isolates the official Index Trader cohort from the Supplemental CIT report, which is long-biased and benchmark-driven.
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