Dairy Futures

Dairy profitability depends on managing the spread between component revenue and shifting feed costs. Track liquid milk classes alongside manufactured blocks, butter, and whey to forecast your milk check and lock in favorable margin floors.

Class III Milk

DCV26 Oct 2026 $15.33 / cwt +0.03 +0.20%
DCX26 Nov 2026 — — 0.00%
DCZ26 Dec 2026 — — 0.00%
DCF27 Jan 2027 — — 0.00%
DCG27 Feb 2027 $16.75 / cwt +0.01 +0.06%
DCH27 Mar 2027 — — 0.00%
DCJ27 Apr 2027 — — 0.00%
DCK27 May 2027 $17.19 / cwt +0.01 +0.06%
DCM27 Jun 2027 — — 0.00%
DCN27 Jul 2027 — — 0.00%
DCQ27 Aug 2027 $17.52 / cwt 0.00 0.00%
DCU27 Sep 2027 $17.61 / cwt 0.00 0.00%
DCV27 Oct 2027 $17.58 / cwt 0.00 0.00%
DCX27 Nov 2027 $17.60 / cwt 0.00 0.00%
DCZ27 Dec 2027 $17.54 / cwt 0.00 0.00%
DCF28 Jan 2028 $17.43 / cwt 0.00 0.00%
DCG28 Feb 2028 $17.10 / cwt 0.00 0.00%
DCH28 Mar 2028 $17.10 / cwt 0.00 0.00%
DCJ28 Apr 2028 $16.41 / cwt 0.00 0.00%

Class IV Milk

GDKV26 Oct 2026 $20.29 / cwt +0.15 +0.74%
GDKX26 Nov 2026 $20.18 / cwt +0.13 +0.65%
GDKZ26 Dec 2026 $19.37 / cwt +0.12 +0.62%
GDKF27 Jan 2027 $18.98 / cwt +0.23 +1.23%
GDKG27 Feb 2027 $18.63 / cwt +0.02 +0.11%
GDKH27 Mar 2027 $18.65 / cwt +0.05 +0.27%
GDKJ27 Apr 2027 — — 0.00%
GDKK27 May 2027 $18.50 / cwt 0.00 0.00%
GDKM27 Jun 2027 $18.39 / cwt 0.00 0.00%
GDKN27 Jul 2027 — — 0.00%
GDKQ27 Aug 2027 — — 0.00%
GDKU27 Sep 2027 — — 0.00%
GDKV27 Oct 2027 — — 0.00%
GDKX27 Nov 2027 — — 0.00%
GDKZ27 Dec 2027 — — 0.00%
GDKF28 Jan 2028 $17.50 / cwt 0.00 0.00%
GDKG28 Feb 2028 $17.37 / cwt 0.00 0.00%
GDKH28 Mar 2028 $17.26 / cwt 0.00 0.00%
GDKJ28 Apr 2028 $15.77 / cwt 0.00 0.00%

Cash-Settled Butter

CBV26 Oct 2026 142.48 ¢/lb +0.48 +0.33%
CBX26 Nov 2026 — — 0.00%
CBZ26 Dec 2026 147.00 ¢/lb +0.20 +0.14%
CBF27 Jan 2027 — — 0.00%
CBG27 Feb 2027 — — 0.00%
CBH27 Mar 2027 — — 0.00%
CBJ27 Apr 2027 167.98 ¢/lb -0.03 -0.01%
CBK27 May 2027 168.75 ¢/lb -0.75 -0.44%
CBM27 Jun 2027 173.48 ¢/lb -0.53 -0.30%
CBN27 Jul 2027 — — 0.00%
CBQ27 Aug 2027 178.00 ¢/lb 0.00 0.00%
CBU27 Sep 2027 — — 0.00%
CBV27 Oct 2027 190.48 ¢/lb 0.00 0.00%
CBX27 Nov 2027 190.50 ¢/lb 0.00 0.00%
CBZ27 Dec 2027 191.00 ¢/lb 0.00 0.00%
CBF28 Jan 2028 198.00 ¢/lb 0.00 0.00%
CBG28 Feb 2028 201.00 ¢/lb -4.00 -1.95%
CBH28 Mar 2028 209.00 ¢/lb 0.00 0.00%
CBJ28 Apr 2028 219.60 ¢/lb 0.00 0.00%

Nonfat Dry Milk

GNFV26 Oct 2026 — — 0.00%
GNFX26 Nov 2026 — — 0.00%
GNFZ26 Dec 2026 — — 0.00%
GNFF27 Jan 2027 — — 0.00%
GNFG27 Feb 2027 — — 0.00%
GNFH27 Mar 2027 — — 0.00%
GNFJ27 Apr 2027 — — 0.00%
GNFK27 May 2027 — — 0.00%
GNFM27 Jun 2027 — — 0.00%
GNFN27 Jul 2027 — — 0.00%
GNFQ27 Aug 2027 — — 0.00%
GNFU27 Sep 2027 159.03 ¢/lb +0.03 +0.02%
GNFV27 Oct 2027 158.03 ¢/lb +0.78 +0.49%
GNFX27 Nov 2027 — — 0.00%
GNFZ27 Dec 2027 156.40 ¢/lb +0.78 +0.50%
GNFF28 Jan 2028 155.00 ¢/lb 0.00 0.00%
GNFG28 Feb 2028 155.00 ¢/lb 0.00 0.00%
GNFH28 Mar 2028 154.98 ¢/lb 0.00 0.00%
GNFJ28 Apr 2028 151.98 ¢/lb 0.00 0.00%

Dry Whey

DYV26 Oct 2026 71.00 ¢/lb 0.00 0.00%
DYX26 Nov 2026 75.00 ¢/lb +1.50 +2.04%
DYZ26 Dec 2026 75.50 ¢/lb +1.35 +1.82%
DYF27 Jan 2027 — — 0.00%
DYG27 Feb 2027 — — 0.00%
DYH27 Mar 2027 75.50 ¢/lb +1.00 +1.34%
DYJ27 Apr 2027 74.03 ¢/lb 0.00 0.00%
DYK27 May 2027 73.00 ¢/lb 0.00 0.00%
DYM27 Jun 2027 73.00 ¢/lb 0.00 0.00%
DYN27 Jul 2027 71.00 ¢/lb 0.00 0.00%
DYQ27 Aug 2027 70.00 ¢/lb 0.00 0.00%
DYU27 Sep 2027 70.00 ¢/lb 0.00 0.00%
DYV27 Oct 2027 70.00 ¢/lb 0.00 0.00%
DYX27 Nov 2027 70.00 ¢/lb 0.00 0.00%
DYZ27 Dec 2027 70.00 ¢/lb 0.00 0.00%
DYF28 Jan 2028 61.00 ¢/lb +4.00 +7.02%
DYG28 Feb 2028 61.00 ¢/lb +4.00 +7.02%
DYH28 Mar 2028 58.50 ¢/lb +4.00 +7.34%
DYJ28 Apr 2028 30.00 ¢/lb +3.68 +13.96%

Cash-Settled Cheese

CSCV26 Oct 2026 — — 0.00%
CSCX26 Nov 2026 — — 0.00%
CSCZ26 Dec 2026 — — 0.00%
CSCF27 Jan 2027 — — 0.00%
CSCG27 Feb 2027 — — 0.00%
CSCH27 Mar 2027 $1.59 / lb 0.00 0.00%
CSCJ27 Apr 2027 — — 0.00%
CSCK27 May 2027 — — 0.00%
CSCM27 Jun 2027 — — 0.00%
CSCN27 Jul 2027 $1.67 / lb 0.00 0.00%
CSCQ27 Aug 2027 $1.68 / lb 0.00 0.00%
CSCU27 Sep 2027 $1.70 / lb 0.00 0.00%
CSCV27 Oct 2027 $1.71 / lb 0.00 0.00%
CSCX27 Nov 2027 $1.72 / lb 0.00 0.00%
CSCZ27 Dec 2027 $1.71 / lb 0.00 0.00%
CSCF28 Jan 2028 $1.75 / lb 0.00 0.00%
CSCG28 Feb 2028 $1.75 / lb 0.00 0.00%
CSCH28 Mar 2028 $1.75 / lb 0.00 0.00%
CSCJ28 Apr 2028 $1.73 / lb 0.00 0.00%

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.

Reports

Thu24 Outlook for Principal Field Crops Around today · AAFC
Mon28 Crop Progress Mon, Sep 28 · 4:00 pm ET
Wed30 Grain Stocks Wed, Sep 30 · 12:00 pm ET
Thu1 Export Sales Thu, Oct 1 · 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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