Commodities Buzz: Sharp fall in Copper net speculative long positions

Base metal speculators sharply cut 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 48317 contracts in the data reported through November 3, 2026, witnessing a tumble of 10607 contracts. Net longs are currently at around seven-month low.

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