Storage Signal

Oct 19 settle
Oct → Nov
Carry · +0.21

Carry (+) means later months trade above the nearby: the market is paying toward storage. Inverted (−) means the nearby trades above later months. Not trading advice.

Futures Chain

20 contracts
CSCV26 Oct 2026 OI 4,895 — — 0.00%
CSCX26 Nov 2026 OI 6,028 $1.68 / lb +0.02 +1.02%
CSCZ26 Dec 2026 OI 5,241 — — 0.00%
CSCF27 Jan 2027 OI 3,208 $1.63 / lb +0.01 +0.74%
CSCG27 Feb 2027 OI 2,639 — — 0.00%
CSCH27 Mar 2027 OI 2,137 — — 0.00%
CSCJ27 Apr 2027 OI 1,543 — — 0.00%
CSCK27 May 2027 OI 1,507 — — 0.00%
CSCM27 Jun 2027 OI 1,241 — — 0.00%
CSCN27 Jul 2027 OI 1,034 — — 0.00%
CSCQ27 Aug 2027 OI 951 $1.68 / lb 0.00 0.00%
CSCU27 Sep 2027 OI 1,123 $1.68 / lb 0.00 0.00%
CSCV27 Oct 2027 OI 916 $1.70 / lb 0.00 0.00%
CSCX27 Nov 2027 OI 626 — — 0.00%
CSCZ27 Dec 2027 OI 638 — — 0.00%
CSCF28 Jan 2028 OI 16 $1.71 / lb 0.00 0.00%
CSCG28 Feb 2028 OI 23 $1.68 / lb 0.00 0.00%
CSCH28 Mar 2028 OI 32 $1.65 / lb 0.00 0.00%
CSCJ28 Apr 2028 OI 5 $1.73 / lb 0.00 0.00%
CSCK28 May 2028 OI 0 $1.75 / lb 0.00 0.00%

Open interest (OI) is how many contracts are still open in each month.

Commitments of Traders

Tuesday, Oct 13
Managed moneyBought 415 on the week · net short for over a year
−3.6K
Producers and merchantsLong 25.9K · short 19.4K · net −440 on the week
+6.6K
Open interest Up 1.7K on the week · 81 traders
46.3K

CFTC Commitments of Traders (disaggregated), CME cheese futures and options combined: positions as of Tuesday, Oct 13, published Friday, Oct 16; the next report (Oct 20 positions) is out Friday, Oct 23 at 3:30 pm ET. Net is longs less shorts, in contracts of 20,000 pounds.

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About

Storage Signal. Worked out from the futures themselves: the front month against the next, and old crop against new while the front month is old crop, at the latest trades while the market is open, else at the last settle.

Futures Chain. Every CME contract month now trading, with its last price, the day’s change and its open interest.

Commitments of Traders. U.S. Commodity Futures Trading Commission, Commitments of Traders (disaggregated): the open positions of each kind of large trader as of Tuesday’s close, published Fridays at 3:30 pm ET (the following Monday in a holiday week).

Market Data: Futures price data on Farmbucks is provided by DTN, CME Group, and ICE. Cash basis is from USDA AMS daily grain bid reports; positioning is from the CFTC's Commitments of Traders; the natural gas outlook and storage are from the U.S. Energy Information Administration. This data is for informational purposes only, may be subject to delays or inaccuracies, and is not trading advice. Please consult official sources or your broker for trading decisions.