The first COT report was issued by the United States Department of Agriculture (USDA) in 1962. At that time, the report involved 13 agricultural futures varieties, and the release frequency was in monthly units. The release of this report marks "a big step to provide the public with real-time basic information on the futures market". From 65438 to 0976, the newly established CFrC began to take over the work of USDA and completed the COT report.