Futures Prices for Farmers

Stay updated with the latest futures prices for key agricultural commodities.

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Grain & Oilseeds

ZC Corn Dec 2026 456.00 ¢/bu -4.50 -0.98%
ZW Chicago Wheat (SRW) Dec 2026 625.00 ¢/bu +0.25 +0.04%
MW Minneapolis Spring Wheat (HRS) Dec 2026 $6.4150 / bu -0.0025 -0.04%
KW Kansas City Wheat (HRW) Dec 2026 664.50 ¢/bu -1.25 -0.19%
RS Canola Nov 2026 C$778.80 / MT +1.30 +0.17%
ZS Soybeans Nov 2026 1,256.50 ¢/bu +3.50 +0.28%
ZL Soybean Oil Dec 2026 66.83 ¢/lb +0.09 +0.13%
ZM Soybean Meal Dec 2026 $346.10 / ton -1.20 -0.35%
ZO Oats Dec 2026 372.00 ¢/bu -4.25 -1.13%

Livestock

LE Live Cattle Dec 2026 231.13 ¢/lb 0.00 0.00%
GF Feeder Cattle Nov 2026 348.13 ¢/lb +1.20 +0.35%
HE Lean Hogs Dec 2026 65.58 ¢/lb +0.03 +0.04%

Dairy

DC Class III Milk Nov 2026 — — 0.00%
GDK Class IV Milk Jun 2027 $18.96 / cwt -0.02 -0.11%
CB Cash-Settled Butter Dec 2026 142.00 ¢/lb 0.00 0.00%
GNF Nonfat Dry Milk Nov 2026 201.03 ¢/lb -3.98 -1.94%
DY Dry Whey Nov 2026 75.50 ¢/lb -0.25 -0.33%
CSC Cash-Settled Cheese Nov 2026 $1.69 / lb +0.02 +1.20%

Energy

CL WTI Crude Oil Dec 2026 $103.27 / bbl +3.80 +3.82%
BZ Brent Crude Jan 2027 — — 0.00%
RB RBOB Gasoline Dec 2026 $3.1284 / gal +0.0391 +1.27%
HO ULSD Dec 2026 $4.7870 / gal +0.0504 +1.06%
CU Chicago Ethanol Nov 2026 $1.8650 / gal +0.0300 +1.63%
B0 Mont Belvieu LDH Propane (OPIS) Nov 2026 $1.1725 / gal +0.0479 +4.26%
NG Henry Hub Natural Gas Dec 2026 $3.050 / MMBtu -0.106 -3.36%

Fertilizer

UFV Urea (US Gulf) Nov 2026 $438.50 / ton +2.00 +0.46%
DFN DAP FOB NOLA Nov 2026 $790.00 / ton 0.00 0.00%

Currencies

6C Canadian Dollar (CAD/USD) Nov 2026 $0.7149 +0.0001 +0.01%

FAQs

What futures matter most to grain farms?

For most grain operations, start with revenue markets and the input markets that drive costs.

  • Revenue: Corn, Soybeans, Wheat (Chicago/SRW, Kansas City/HRW, Minneapolis/HRS). Canadian growers should also track Canola.
  • Key inputs (costs): ULSD (diesel) for fuel, Propane for grain drying, and Fertilizer (Urea, DAP).
  • Also useful: Natural Gas (fertilizer feedstock), Crude/Refined products (broader energy trend), and USD/CAD if you sell or buy across the border.

How do I use futures to estimate cash price?

Use your local basis to translate board price to a farmgate estimate.

Formula: Estimated Cash = Futures + Basis

  • Pick the delivery month your buyer is quoting.
  • Find the current futures price for that month.
  • Add your local basis (it can be negative or positive).

Example: If Dec Corn = $5.20 and your basis is –$0.25, estimated cash ≈ $4.95.

Tip: Basis changes over time—always check posted bids for actual offers.

What affects basis in my area?

Basis = local reality. Common drivers:

  • Local supply & demand: harvest pressure, on-farm/storage availability, end-user needs.
  • Logistics: rail/barge capacity, river levels, truck availability, diesel costs.
  • Buyer competition & margins: ethanol/crush plants, mills, exporters.
  • Quality & specs: moisture, protein, damage.
  • Seasonality & weather: storms, freeze/thaw, road bans.
  • Currency: Canadian Dollar (CAD/USD) shifts can move cross-border basis.

Should I track diesel/propane alongside grain prices?

Yes. They’re big, volatile input costs. Watching ULSD (diesel) and Propane next to grain helps you:

  • Budget and lock in fuel/drying costs when prices dip.
  • Protect margins by timing purchases relative to crop price moves.
  • Plan harvest/drying with fewer surprises.

Which months are “new-crop” vs “old-crop”?

“Old-crop” = grain already in the bin/current marketing year. “New-crop” = the upcoming harvest. Typical references:

  • Corn: Dec = new-crop; Mar/May/Jul = old-crop.
  • Soybeans: Nov = new-crop; Jan/Mar/May = old-crop.
  • Wheat:
    • Chicago SRW & KC HRW: Jul = new-crop; Sep/Dec/Mar/May = old-crop.
    • Minneapolis Spring Wheat (HRS): Sep = new-crop; Dec/Mar/May/Jul = old-crop.
  • Canola (ICE): Nov = new-crop; Jan/Mar/May = old-crop.

Note: Local harvest timing and buyer conventions can vary—match the month your buyer uses.

Fuel prices

Diesel, gasoline and propane prices across the U.S., by region and state, and Petro-Canada's rack prices by terminal are for Farmbucks members. Sign in or start a 30-day free trial.

Reports

Sun25 Outlook for Principal Field Crops Around today · AAFC
Mon26 Crop Progress Tomorrow · 4:00 pm ET
Thu29 Export Sales Thu, Oct 29 · 8:30 am ET
Mon2 Crop Progress Mon, Nov 2 · 4:00 pm ET
Thu5 Export Sales Thu, Nov 5 · 8:30 am ET
DISCLAIMER: The grain price information provided on Farmbucks.com is for informational purposes only and is subject to change at any time. Prices are sourced from participating grain companies, verified farmer reports and our trusted partners such as Barchart and DTN. While we work to ensure accuracy, discrepancies may occur between the prices listed on this website and those provided by grain buyers. Users are responsible for contacting the purchaser directly to confirm current prices and selling instructions. Farmbucks does not guarantee the accuracy, completeness, or timeliness of the prices displayed and assumes no liability for decisions made based on this information.

Futures Market Data: Futures price data on Farmbucks is provided by DTN, CME Group, and ICE. This data is for informational purposes only and may be subject to delays or inaccuracies. Please consult official exchange sources or your broker for trading decisions.

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