Storage Signal

Latest trades
Nov → Dec
Carry · +0.308

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
NGX26 Nov 2026 OI 405,558 $3.064 / MMBtu -0.042 -1.35%
NGZ26 Dec 2026 OI 197,642 $3.372 / MMBtu -0.080 -2.32%
NGF27 Jan 2027 OI 179,859 $3.731 / MMBtu -0.106 -2.76%
NGG27 Feb 2027 OI 95,232 $3.408 / MMBtu -0.093 -2.66%
NGH27 Mar 2027 OI 203,915 $2.734 / MMBtu -0.070 -2.50%
NGJ27 Apr 2027 OI 139,235 $2.641 / MMBtu -0.053 -1.97%
NGK27 May 2027 OI 80,331 $2.672 / MMBtu -0.050 -1.84%
NGM27 Jun 2027 OI 37,120 $2.838 / MMBtu -0.047 -1.63%
NGN27 Jul 2027 OI 41,356 $3.085 / MMBtu -0.042 -1.34%
NGQ27 Aug 2027 OI 34,187 $3.163 / MMBtu -0.040 -1.25%
NGU27 Sep 2027 OI 33,863 $3.147 / MMBtu -0.041 -1.29%
NGV27 Oct 2027 OI 90,017 $3.233 / MMBtu -0.041 -1.25%
NGX27 Nov 2027 OI 23,661 $3.530 / MMBtu -0.042 -1.18%
NGZ27 Dec 2027 OI 30,206 $4.139 / MMBtu -0.046 -1.10%
NGF28 Jan 2028 OI 45,023 $4.557 / MMBtu -0.049 -1.06%
NGG28 Feb 2028 OI 15,543 $4.157 / MMBtu -0.044 -1.05%
NGH28 Mar 2028 OI 22,296 $3.430 / MMBtu -0.041 -1.18%
NGJ28 Apr 2028 OI 19,843 $3.202 / MMBtu -0.043 -1.33%
NGK28 May 2028 OI 8,244 $3.201 / MMBtu -0.037 -1.14%
NGM28 Jun 2028 OI 4,694 $3.358 / MMBtu -0.033 -0.97%

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

Commitments of Traders

Tuesday, Sep 22
Managed moneyBought 34.4K on the week · net short for 33 weeks
−65.6K
Producers and merchantsLong 240K · short 264K · net −6.5K on the week
−23.6K
Open interest Up 18.3K on the week · 332 traders
1.85M

CFTC Commitments of Traders (disaggregated), NYMEX natural gas 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 10,000 MMBtu.

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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 NYMEX 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.