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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CFTC Copper Speculative net positions fell to 74.5K in May 2026
FMPMonthlyReleased June 2026
US CFTC Copper Speculative net positions fell to 74.5K in May 2026, released June 2026, down 4.3K from April's 78.8K reading.
Latest Release
74.500000
Actual
—
Consensus
78.800000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
CFTC Copper Speculative net positions (United States) was reported at 75 thousand in June 2026. The reading fell from the previous value of 79 thousand. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 47 thousand, ranging from 21 thousand to 79 thousand across 42 releases.
WHY IT MATTERS
The trailing three releases averaged 75 thousand, up from the prior three at 63 thousand. Volatility over the past year (σ 16 thousand) is lower than the prior year (σ 9,110 thousand). In June readings over the past 3 years, CFTC Copper Speculative net positions has averaged 43 thousand.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GOOGL (Bullish GOOGL).
WHAT TO WATCH NEXT
The next release is scheduled for June 19, 2026. Same-country events in the next 14 days include Retail Sales MoM (Jun 17) and Retail Sales Ex Autos MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CFTC Copper Speculative net positions - US
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About CFTC Copper Speculative net positions — United States
DEFINITION
The CFTC Copper Speculative net positions is a financial indicator that measures the difference between the number of long and short positions held by speculators in the copper market. This data is released weekly by the Commodity Futures Trading Commission (CFTC) and provides valuable insights into the sentiment and expectations of market participants towards copper prices. It is widely used by investors, traders, and analysts to gauge the level of bullish or bearish sentiment in the copper market and make informed decisions about their investments.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 74.5 K. Prior reading (Jun 2026): 78.8 K. Before that (May 2026): 73 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.