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Live CFTC

Pjm.N Illinois Hub_Mo_On_Dap - Nodal Exchange

064ERM
AgricultureDisaggregated

Signal state

Neutral-21

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+8 pts

Target Exposure

-21%

Market History

Net Positioning History

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

Compare Markets
Pjm.N Illinois Hub_Mo_On_Dap - Nodal ExchangeManaged Money — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max39,41553,785+39,415+53,685-100+14,22056.7%77.4%71,571
Min0100-39,415-53,635-14,370-14,2700.0%0.1%57,083
13 Per. Avg3,0324,272+0+4-1,240-44.4%6.1%69,656
Mar 24, 20260150+0+0-150+00.0%0.2%70,904
Mar 17, 20260150+0+0-150+00.0%0.2%70,904
Mar 10, 20260150+0+0-150+00.0%0.2%69,110
Mar 3, 20260150+0+0-150+00.0%0.2%71,571
Feb 24, 20260150+0+0-150+00.0%0.2%70,021
Feb 17, 20260150+0+0-150+00.0%0.2%70,002
Feb 10, 20260150+0+0-150+00.0%0.2%69,397
Feb 3, 20260150+0+0-150+00.0%0.2%71,381
Jan 27, 20260150+0+0-150+00.0%0.2%69,811
Jan 20, 20260150+0+0-150+00.0%0.2%66,808
Jan 13, 20260150-39,415-53,635-150+14,2200.0%0.2%67,018
Jan 6, 202639,41553,785+39,415+53,685-14,370-14,27056.7%77.4%69,525
Dec 30, 20250100+0+0-100+00.0%0.1%69,070
Dec 23, 20250100+0+0-100+00.0%0.1%68,695
Dec 16, 20250100+0+0-100+00.0%0.1%68,482
Dec 9, 20250100+0+0-100+00.0%0.2%64,117
Dec 2, 20250100+0-50-100+500.0%0.1%66,332
Nov 25, 20250150+0+0-150+00.0%0.2%66,332
Nov 18, 20250150+0+0-150+00.0%0.2%65,787
Nov 10, 20250150+0+0-150+00.0%0.2%63,652
Nov 4, 20250150+0-100-150+1000.0%0.2%63,352
Oct 28, 20250250+0+0-250+00.0%0.4%63,770
Oct 21, 20250250+0+0-250+00.0%0.4%59,729
Oct 14, 20250250+0+0-250+00.0%0.4%58,158
Oct 7, 20250250+0-215-250+2150.0%0.4%57,083
Sep 30, 20250465+0+0-465+00.0%0.8%58,395

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: 70,904 contractsWeek 1 of 26
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Managed Money

Reference group used for the main bias model

0150-150+0.0%+0.2%-0.2%+0

Producer Merchant

46,42459,515-13,091+65.5%+83.9%-18.5%+0

Swap Dealers

16,5103,81012,700+23.3%+5.4%+17.9%+0

Other Reportables

5950595+0.8%+0.0%+0.8%+0

Nonreportable

5,3115,365-54+7.5%+7.6%-0.1%+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 150 contracts.

Macro regime

Macro conditions are mostly neutral for Pjm.N Illinois Hub_Mo_On_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.

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.