Commodities Buzz: Copper net speculative longs ease from five-year high

Base metal speculators reduced their longs in the Copper futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds and retailers totaled a net long position of 74450 contracts in the data reported through June 9, 2026, slipping by 4383 contracts and coming off a five-year high.

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