Storage Signal

Sep 28 settle
Oct → Nov
Carry · +0.02

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
CSCU26 Sep 2026 OI 3,827 — — 0.00%
CSCV26 Oct 2026 OI 5,028 $1.44 / lb -0.01 -0.55%
CSCX26 Nov 2026 OI 5,150 $1.45 / lb -0.02 -1.09%
CSCZ26 Dec 2026 OI 4,276 $1.48 / lb -0.01 -0.54%
CSCF27 Jan 2027 OI 2,596 $1.52 / lb -0.01 -0.46%
CSCG27 Feb 2027 OI 2,306 $1.56 / lb +0.00 +0.06%
CSCH27 Mar 2027 OI 1,749 $1.58 / lb -0.01 -0.32%
CSCJ27 Apr 2027 OI 1,308 $1.60 / lb -0.00 -0.12%
CSCK27 May 2027 OI 1,353 $1.62 / lb -0.01 -0.49%
CSCM27 Jun 2027 OI 1,134 $1.64 / lb -0.00 -0.12%
CSCN27 Jul 2027 OI 962 $1.67 / lb -0.01 -0.42%
CSCQ27 Aug 2027 OI 900 $1.68 / lb -0.00 -0.24%
CSCU27 Sep 2027 OI 926 — — 0.00%
CSCV27 Oct 2027 OI 838 — — 0.00%
CSCX27 Nov 2027 OI 623 — — 0.00%
CSCZ27 Dec 2027 OI 635 — — 0.00%
CSCF28 Jan 2028 OI 14 $1.74 / lb 0.00 0.00%
CSCG28 Feb 2028 OI 14 $1.74 / lb 0.00 0.00%
CSCH28 Mar 2028 OI 14 $1.74 / lb 0.00 0.00%
CSCJ28 Apr 2028 OI 5 $1.73 / lb 0.00 0.00%

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

Commitments of Traders

Tuesday, Sep 22
Managed moneySold 45 on the week · net short for over a year
−3.7K
Producers and merchantsLong 27.5K · short 21.7K · net +1.0K on the week
+5.9K
Open interest Up 4.1K on the week · 80 traders
47.9K

CFTC Commitments of Traders (disaggregated), CME cheese futures and options combined: positions as of Tuesday, Sep 22, published Friday, Sep 25; the next report (Sep 29 positions) is out Friday, Oct 2 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.