COT Reports / Agricultural / ZO

Oats (ZO): COT Report & Analysis ZO

Track how "Smart Money" institutions are positioning themselves in Oats (ZO). By analyzing the latest Commitments of Traders (COT) data from the OATS - CHICAGO BOARD OF TRADE, with sector comparisons, we provide a deep dive into the current market dynamics. Understanding these underlying shifts allows you to better anticipate where the market might be heading next.

About Oats (ZO)

About Oats

Oats are a hardy cereal grain widely cultivated in temperate regions, particularly in Canada, Russia, and the northern United States.

Primary Usage

Historically dominated by equine and livestock feed, oats have seen a resurgence in human consumption due to health trends (oatmeal, oat milk, and baked goods).

Market Dynamics & Key Drivers

  • Acreage Competition: Oats frequently lose acreage to more profitable crops like wheat, corn, or canola, structurally limiting supply.
  • Regional Weather: Droughts in the Canadian Prairies or US Northern Plains can have an outsized impact on the available oat supply.
  • Oat Milk Boom: The rapid rise in popularity of dairy alternatives has shifted a larger percentage of the crop toward premium, food-grade milling.
Market Sentiment
Increasing Bearish
Outlook
Net Position
Net Position: Difference between long and short contracts of Non-Commercials (large speculators/funds). A positive value means they are predominantly net-long (expecting rising prices).
910
▼ 16.2%
Market Situation
The market situation analyzes the current net positioning compared to the historical average of recent years (Z-Score). This helps to identify extreme market conditions.
Bullish

COT Charts

Positioning History

commercial and non-commercial positions
Date Position Net Position
Difference between Non-Commercial Long and Short
Non-Comm. Long
Speculators & funds betting on rising prices
Non-Comm. Short
Speculators & funds betting on falling prices
Comm. Long
Hedgers/producers hedging against rising prices
Comm. Short
Hedgers/producers hedging against falling prices
Jun 02, 2026 Bullish 910 1,197 287 1,428 3,107
May 26, 2026 Bullish 1,086 1,466 380 1,292 3,313
May 19, 2026 Bullish 1,034 1,421 387 1,076 3,168