Commodities Buzz: Copper net speculative long positions slump to three-month low

Base metal speculators yet again 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 totalled a net long position of 69434 contracts in the data reported through October 6, 2026, witnessing a sharp drop of 15977 contracts. Net longs have come off highest mark in last decade and currently are currently at three-month low.

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