What changed since the previous edition
This is the first available comparable edition in this series. It forms a baseline; no earlier-edition changes are invented.
The latest dated figures remain below. An earlier comparable publication is required before calculating edition-to-edition changes.
Evidence-led conclusion
Supports higher prices
No confirmed tightening signal in the comparable public figures shown here.
Supports lower prices
No confirmed easing signal in the comparable public figures shown here.
What remains uncertain
A net-long or net-short COT snapshot is not automatically bullish or bearish. Read gross changes, hedging context and the position/publication lag before assigning direction. Crop outcomes, demand and the persistence of physical changes need independent, dated confirmation. Conflicting signals remain unresolved rather than being forced into a single score.
What could change the view
Check the next compatible warehouse and arrivals reports, plus the next verified crop, demand or official positioning release. No exact release time is assumed here.
Read this as a conditional evidence assessment, not a trading instruction. The comparison preserves the figures available in each publication and does not update the original report with today’s data.
CFTC cocoa futures-and-options combined report, ICE Futures U.S. contract 073732. Position date 2026-11-03; data first observed by this system 2026-11-07T22:36:39.385926+00:00. Scheduled release reference 2026-11-06T20:30:00+00:00; CFTC published release schedule; actual time not verified. This article was assembled 2026-11-07T22:40:37.434Z.
The figures
Managed money longs: 15,075. Shorts: 29,289. Net: -14,214 contracts. Net change vs 2026-10-27: -1,439 contracts.
The free takeaway
Managed money held 14,214 contracts net short as of 2026-11-03, more short / less long by 1,439 contracts against 2026-10-27. This is a position snapshot, not a live sentiment reading or standalone price forecast.
Read the official data
Source · publicreporting.cftc.gov ↗
Method and limitations
Automatically assembled from dated source records using explicit comparison rules. Not individually written or reviewed by Jed. Different reporting clocks are retained; no claim that a headline caused a price move. Warehouse totals are not certified stocks and weekly arrivals are not season-total production. No invented consensus, price target or personal trading recommendation.
Additional reading context
Educational explanation added to help interpret this article. It is not a new market update or a revision to the original dated figures.
Why the gross positions matter
Managed-money net positioning is longs minus shorts. The same net change can arise from new longs, reduced shorts, long liquidation or additional shorts. Those combinations describe different participation patterns, which is why a net-long or net-short label is only the beginning of the analysis. Compare the gross changes and open interest on the same report basis before choosing an explanation.
Producer, merchant, processor and user positions represent a different category from managed money. Additional producer shorts may accompany hedging activity, but the report does not reveal the underlying physical transaction or the intention behind every position. Seek separate evidence from inventories, arrivals and other physical reports before claiming that a positioning change proves bean purchasing or selling.
Connecting the snapshot to price
Keep three dates separate: the position date, the report’s release and the price observation being examined. Price movement between the position date and publication cannot be described as a reaction to the released report. A crowded short position can create vulnerability to covering, but it does not establish when covering will occur. Look for subsequent gross-position changes and price evidence before calling a squeeze.