Pjm.Aps_Month_Off_Dap - Nodal Exchange

064DMZ

AgricultureDisaggregated

Signal state

Neutral-9

8-Week Trend

8 weeks agoThis week

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+8 pts

Target Exposure

-9%

Market History

Net Positioning History

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

Compare Markets

Pjm.Aps_Month_Off_Dap - Nodal Exchange — Managed Money — 6 Month Positioning Report
Report Date	Long Positions	Short Positions	Change in Longs	Change in Shorts	Net Positions	Net Change	% OI Long	% OI Short	Open Interest
Max	1,871	3,280	+840	+2,374	1,500	+4,120	15.1%	23.0%	15,208
Min	400	0	-1,471	-3,280	-2,880	-3,845	2.8%	0.0%	7,688
13 Per. Avg	1,358	0	-18	+0	1,358	-18	11.5%	0.0%	11,804
Mar 24, 2026	1,260	0	+0	+0	1,260	+0	11.7%	0.0%	10,795
Mar 17, 2026	1,260	0	+0	+0	1,260	+0	11.7%	0.0%	10,795
Mar 10, 2026	1,260	0	-80	+0	1,260	-80	11.7%	0.0%	10,795
Mar 3, 2026	1,340	0	+0	+0	1,340	+0	11.5%	0.0%	11,615
Feb 24, 2026	1,340	0	+0	+0	1,340	+0	11.7%	0.0%	11,480
Feb 17, 2026	1,340	0	+0	+0	1,340	+0	11.7%	0.0%	11,480
Feb 10, 2026	1,340	0	+0	+0	1,340	+0	11.7%	0.0%	11,480
Feb 3, 2026	1,340	0	-80	+0	1,340	-80	10.8%	0.0%	12,400
Jan 27, 2026	1,420	0	+0	+0	1,420	+0	11.5%	0.0%	12,400
Jan 20, 2026	1,420	0	+0	+0	1,420	+0	11.5%	0.0%	12,400
Jan 13, 2026	1,420	0	+0	+0	1,420	+0	11.6%	0.0%	12,245
Jan 6, 2026	1,420	0	-80	+0	1,420	-80	11.1%	0.0%	12,799
Dec 30, 2025	1,500	0	+0	+0	1,500	+0	11.7%	0.0%	12,774
Dec 23, 2025	1,500	0	+0	+0	1,500	+0	11.7%	0.0%	12,774
Dec 16, 2025	1,500	0	+0	+0	1,500	+0	13.2%	0.0%	11,354
Dec 9, 2025	1,500	0	+0	+0	1,500	+0	13.2%	0.0%	11,354
Dec 2, 2025	1,500	0	+340	+0	1,500	+340	12.5%	0.0%	11,988
Nov 25, 2025	1,160	0	+0	+0	1,160	+0	10.3%	0.0%	11,278
Nov 18, 2025	1,160	0	+0	+0	1,160	+0	10.3%	0.0%	11,278
Nov 10, 2025	1,160	0	+0	+0	1,160	+0	15.1%	0.0%	7,688
Nov 4, 2025	1,160	0	-80	+0	1,160	-80	15.1%	0.0%	7,688
Oct 28, 2025	1,240	0	+840	-3,280	1,240	+4,120	15.1%	0.0%	8,232
May 28, 2024	400	3,280	+0	+0	-2,880	+0	2.8%	23.0%	14,268
May 21, 2024	400	3,280	-1,471	+2,374	-2,880	-3,845	2.8%	23.0%	14,268
Feb 27, 2024	1,871	906	+68	+68	965	+0	12.3%	6.0%	15,208
Feb 20, 2024	1,803	838	+0	+0	965	+0	12.1%	5.6%	14,858

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: 10,795 contractsWeek 1 of 26

Trader type	Long	Short	Net	Long % OI	Short % OI	Net % OI	WoW Δ Net
Managed Money Reference group used for the main bias model	1,260	0	1,260	+11.7%	+0.0%	+11.7%	+0
Producer Merchant	6,390	8,610	-2,220	+59.2%	+79.8%	-20.6%	+0
Swap Dealers	1,625	375	1,250	+15.0%	+3.5%	+11.6%	+0
Other Reportables	215	1,145	-930	+2.0%	+10.6%	-8.6%	+0
Nonreportable	1,030	390	640	+9.5%	+3.6%	+5.9%	+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

Positioning is noticeable but not yet extreme.

Current positioning

The market is leaning bearish. Positioning is noticeable but not yet extreme. Managed Money is currently net long by 1,260 contracts.

Macro regime

Macro conditions are mostly neutral for Pjm.Aps_Month_Off_Dap - 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.