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Live CFTC

Ercot.Hb_North_Month_On_Rtp - Nodal Exchange

064FOK
AgricultureDisaggregated

Signal state

Neutral-24

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+8 pts

Target Exposure

-24%

Market History

Net Positioning History

Historical net positioning (Longs minus Shorts) for the reference trader group.

Compare Markets
Ercot.Hb_North_Month_On_Rtp - Nodal Exchange — Managed Money — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max290750+290+750290+1,0000.3%0.9%89,759
Min00-265-710-750-1,0150.0%0.0%78,389
13 Per. Avg0127+0-52-127+520.0%0.2%82,360
Mar 24, 2026075+0+0-75+00.0%0.1%84,605
Mar 17, 2026075+0+0-75+00.0%0.1%83,129
Mar 10, 2026075+0+0-75+00.0%0.1%83,259
Mar 3, 2026075+0+0-75+00.0%0.1%85,849
Feb 24, 2026075+0+0-75+00.0%0.1%84,959
Feb 17, 2026075+0+0-75+00.0%0.1%80,494
Feb 10, 2026075+0+0-75+00.0%0.1%78,389
Feb 3, 2026075+0+0-75+00.0%0.1%81,339
Jan 27, 2026075+0+0-75+00.0%0.1%81,339
Jan 20, 2026075+0+0-75+00.0%0.1%81,339
Jan 13, 2026075+0+0-75+00.0%0.1%81,159
Jan 6, 2026075+0-675-75+6750.0%0.1%82,384
Dec 30, 20250750+0+0-750+00.0%0.9%82,434
Dec 23, 20250750+0+0-750+00.0%0.9%82,434
Dec 16, 20250750+0+0-750+00.0%0.9%82,264
Dec 9, 20250750-265+750-750-1,0150.0%0.9%82,139
Dec 2, 20252650+0+0265+00.3%0.0%87,109
Nov 25, 20252650+0+0265+00.3%0.0%86,544
Nov 18, 20252650+0+0265+00.3%0.0%86,544
Nov 10, 20252650-25+0265-250.3%0.0%87,494
Nov 4, 20252900+290-710290+1,0000.3%0.0%89,759
Oct 28, 20250710+0+0-710+00.0%0.8%88,894
Oct 21, 20250710+0+0-710+00.0%0.8%87,474
Oct 14, 20250710+0+0-710+00.0%0.8%87,114
Oct 7, 20250710+0+25-710-250.0%0.8%84,027
Sep 30, 20250685+0+0-685+00.0%0.8%87,442

COT report

Longs vs shorts by trader category — week by week

Browse the official CFTC report week by week to see how each trader group's positioning has shifted. The WoW Δ column shows the net contract change from the prior week.

Mar 24, 2026(Latest)
Open interest: 84,605 contractsWeek 1 of 26
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Managed Money

Reference group used for the main bias model

075-75+0.0%+0.1%-0.1%+0

Swap Dealers

2,61616,530-13,914+3.1%+19.5%-16.4%+600

Producer Merchant

67,78954,75013,039+80.1%+64.7%+15.4%-600

Other Reportables

1,9501,000950+2.3%+1.2%+1.1%+0

Nonreportable

9,9709,9700+11.8%+11.8%+0.0%+0

Interpretation layer

Why the terminal reads this market the way it does

The platform turns the underlying scores into a readable narrative: pressure, confirmation, macro support, and crowding.

Positioning pressure

The market is leaning bearish. This week looks steady versus the recent range.

Trend check

Price trend is flat, so momentum is not adding much confirmation yet.

Macro check

Macro conditions are mostly neutral right now.

Crowding

Traders are heavily crowded short.

Current positioning

The market is leaning bearish. Traders are heavily crowded short. Managed Money is currently net short by 75 contracts.

Macro regime

Macro conditions are mostly neutral for Ercot.Hb_North_Month_On_Rtp - Nodal Exchange.

Replay summary

Mixed regime. The market is leaning bearish. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are mostly neutral right now.

Risk layer

Veto reasons and caution flags

These are the conditions that reduce conviction even when the raw positioning signal looks strong.

Extreme crowding — squeeze risk elevated.
Price trend does not confirm positioning.
Macro environment is not supportive.