Storage Signal

Nov 6 settle
Nov → Dec
Inverted · −0.09

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
CSCX26 Nov 2026 OI 5,150 — — 0.00%
CSCZ26 Dec 2026 OI 5,282 $1.57 / lb 0.00 0.00%
CSCF27 Jan 2027 OI 3,656 — — 0.00%
CSCG27 Feb 2027 OI 2,998 — — 0.00%
CSCH27 Mar 2027 OI 2,454 — — 0.00%
CSCJ27 Apr 2027 OI 1,697 — — 0.00%
CSCK27 May 2027 OI 1,588 — — 0.00%
CSCM27 Jun 2027 OI 1,239 — — 0.00%
CSCN27 Jul 2027 OI 1,168 — — 0.00%
CSCQ27 Aug 2027 OI 1,121 — — 0.00%
CSCU27 Sep 2027 OI 1,205 — — 0.00%
CSCV27 Oct 2027 OI 1,026 — — 0.00%
CSCX27 Nov 2027 OI 716 — — 0.00%
CSCZ27 Dec 2027 OI 703 — — 0.00%
CSCF28 Jan 2028 OI 22 — — 0.00%
CSCG28 Feb 2028 OI 23 — — 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%
CSCM28 Jun 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, Nov 3
Managed moneyBought 239 on the week · net short for over a year
−2.5K
Producers and merchantsLong 29.0K · short 20.6K · net +99 on the week
+8.4K
Open interest Up 309 on the week · 82 traders
49.8K

CFTC Commitments of Traders (disaggregated), CME cheese futures and options combined: positions as of Tuesday, Nov 3, published Friday, Nov 6; the next report (Nov 10 positions) is out Monday, Nov 16 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.