Grains COT scorecard. Soybean Meal is the standout — specs crowded long at 99/100 on the COT Index. Which grain has the better contrarian setup? cotdata.net/cot/grains/legac…

#Coffee - Funds are trimming longs with ICE stocks near a 27-year low. Managed money net long 15.3k, -3.8k in the Oct 13 week, 2.9th percentile over 2y. Certified stocks 239k bags. Dec has since settled at 315.7c (Oct 19), ~11% above Oct 12. Dec first notice Nov 19.

#Soymeal - Funds are crowded long a fading rally. Managed money net long 204.6k contracts, -658 in the Oct 13 week. 99.6th percentile over 10y. USDA forecasts 2026/27 world stocks +3.3% to 19.89Mt. Dec has since slid to $352.3 on Oct 20, 6.5% off Sep 24 high. Export sales Oct 22.

Managed money is net short 126K contracts of Natural Gas — a crowded short — 4th percentile of the last 5 years. Crowded, or backed by fundamentals? Full COT charts & history: cotdata.net/cot/energy/legac…

#Sugar - Funds are most long in two years as USDA loosens US supply. Net long rose 7.0k to 259.5k in the Oct 13 week, 99th pct over 10y. Last 8 weeks are its 8 highest in 2y. USDA lifted US stocks-to-use to 14.9% from 13.5%. Mar at 20.85c Oct 16, 2% off its high. WASDE Nov 10.

Livestock leaders cited a potential pork downturn and cattle-industry headwinds at a Southwest Council for Agribusiness meeting. CFTC Legacy, Oct. 13, 2026: Live Cattle non-commercial specs were net long 26K contracts.

USDA’s October Crop Production report raised corn yield estimates, helped by Nebraska. CBOT corn non-commercial specs were net long 358K contracts in the CFTC Legacy report dated Oct. 13, 2026.

#Silver - Funds are selling a deficit. Managed money cut net long 25% to 5.6k in the Oct 13 week, 2.9th pct over 2y. Third week below 15th pct. Silver Institute forecasts a 46.3Moz 2026 deficit. Dec silver has since slid 3.7% to $57.31, 16% below Sep 22 high. FOMC Oct 28.

#WTI - Funds keep selling oil into a supply scare. Managed money cut the net long 24% to 40.6k contracts in the week to Oct 13, a fifth straight cut. US crude stocks fell 8.6M bbl. WTI has since settled at $101.41. Brent touched $110, a May high. OPEC+ meets Nov 1.

#NatGas - Funds covered, but the bounce failed. Funds' net short fell 18.1k to 126.5k by Oct 13, at 8th pct over 2y/10y. Nov gas jumped 3.7% Tuesday, then printed three red candles to $3.116 Friday, 5.1% lower. A bullish 67 Bcf build vs 76 expected couldn't hold it. EIA Oct 22.

#Milk - Funds are record short into a supply cut. Managed money cut net 1,042 to -8,881 contracts, 0th pct over 2y/10y and 11th week in bottom decile. USDA cut its 2026 forecast 0.3bn lb. Oct milk has since settled at $15.27/cwt, down 13.6% in 3 months. Milk Production Oct 22.

#Corn - Funds are selling a crop that just got bigger. Managed money cut the net long 83k to 246k in the week to Oct 13, a 4th straight cut, 40% off the Sep 15 peak. USDA lifted ending stocks to 1.849bn bu. Dec has since closed at $4.74, 70c+ off its Sep high. WASDE Nov 10.

#GBP - Funds sold before sterling broke higher. Leveraged funds cut the net long 2,119 to 10,313 on Oct 13, 6th pct over 2y but 44th over 10y. Fourth week in the 3y bottom 15%. GBP has since reached $1.333, a 3-week high. UK GDP +0.1% in Aug. CPI Oct 21.

Free weekly COT analysis: Live Cattle reached the 1st percentile for net positioning, while Sugar and Euro FX held opposite extremes. cotdata.net/blog/2026-10-13-…

#NatGas - Funds are adding shorts as the storage surplus shrinks. Managed money net short rose 11,738 to 144,537 in the week to Oct 6, 2.2x the Sep 22 level. The Oct 9 build was 67 Bcf vs 74 expected. Spot $3.22 on Oct 14. EIA storage Oct 22.

#MXN - Funds stayed crowded long as the carry trade cracked. Leveraged funds cut the net long 5,660 to 74,927 on Oct 6, 96/100 over 3y. Fed 4%; Banxico 6.5%. Peso has since lost 2.5% to MXN18.43/$, near a one-year low. Mid-month CPI Oct 22.

Gasoline RBOB specs are at the most net-long in 5 years (100th pct). Net long 97K, last seen here 1 weeks ago (2026-09-29). Mean reversion, or a new regime? cotdata.net/cot/energy/legac…

#Palladium - Funds were already short when it broke. Managed money net short rose to 9,385 contracts from 7,962 in the week to Oct 6. Price has since fallen below $1,120/oz, a one-year low on Oct 14. UBS forecasts a 200koz surplus in 2026. FOMC Oct 28.

#LeanHogs - Funds are short a shrinking hog herd. Managed money cut its net short by 9,131 to 41,504 contracts Oct 6, 5/100 on its 1y range. USDA inventory fell 2% y/y. Dec has since traded at 66.08¢/lb, down 19% in a month. Cold Storage Oct 23.

Soybean residue patterns can affect next year’s crop performance. CFTC Legacy (Oct. 6, 2026): soybean futures specs held a 274K net-long position; COT index was unavailable. Confluence: 2/4 bearish, 1/4 bullish.