Cash Basis

USDA · Sep 28
No report

Strongest Texas +58¢ · weakest North Dakota −74¢

USDA country-elevator bids against December futures, in cents per bushel; the legend runs from the weakest basis to the strongest.

Every state's basis, its regions and the terminal markets are for Farmbucks members. See what's included

Storage Signal

Latest trades
Dec → Mar
Carry · +14.00

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

13 contracts
ZCZ26 Dec 2026 OI 926,741 520.75 ¢/bu -2.25 -0.43%
ZCH27 Mar 2027 OI 395,855 534.75 ¢/bu -1.75 -0.33%
ZCK27 May 2027 OI 170,956 541.75 ¢/bu -1.75 -0.32%
ZCN27 Jul 2027 OI 179,087 544.50 ¢/bu -2.25 -0.41%
ZCU27 Sep 2027 OI 65,550 518.00 ¢/bu -2.75 -0.53%
ZCZ27 Dec 2027 OI 111,110 522.25 ¢/bu -2.75 -0.52%
ZCH28 Mar 2028 OI 7,669 535.00 ¢/bu -2.25 -0.42%
ZCK28 May 2028 OI 2,964 542.75 ¢/bu -1.50 -0.28%
ZCN28 Jul 2028 OI 2,563 545.50 ¢/bu -2.25 -0.41%
ZCU28 Sep 2028 OI 755 515.00 ¢/bu -0.75 -0.15%
ZCZ28 Dec 2028 OI 2,877 512.50 ¢/bu -2.50 -0.49%
ZCN29 Jul 2029 OI 15 530.50 ¢/bu 0.00 0.00%
ZCZ29 Dec 2029 OI 106 502.00 ¢/bu 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 12.4K on the week · net long for 12 weeks
+414K
Producers and merchantsLong 479K · short 1.20M · net +1.0K on the week
−726K
Open interest Up 14.0K on the week · 960 traders
2.68M

CFTC Commitments of Traders (disaggregated), CBOT corn 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 5,000 bushels.

Two years of fund positioning, the three-year range and every trader group are for Farmbucks members. See what's included

More for members

  • Every state's cash basisThe typical basis and range in each of 21 states, each state's regions, and the terminal markets
  • The full Commitments of TradersTwo years of fund positioning, charted, its three-year range, and every trader group
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About

Cash Basis. USDA Agricultural Marketing Service, Market News, Daily Grain Bids: what country elevators, terminals and processors bid in each state, against December futures, published weekday afternoons.

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 CBOT 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.