Speculative interest in U.S. copper futures has cooled slightly, with CFTC copper speculative net positions edging down to 73.0K from a previous 75.9K. The latest data, updated on 29 May 2026, signal a modest reduction in bullish bets on the red metal.
While the shift is not dramatic, the retreat in net long positions may reflect growing caution among traders after a period of strong optimism. The adjustment suggests that some market participants are locking in profits or repositioning in response to evolving expectations around global growth, industrial demand, and broader commodity market sentiment.
The new reading keeps positioning firmly in positive territory, indicating that speculative traders remain net long copper overall, but with slightly less conviction than before as they reassess near-term price prospects.