Storage Signal

Latest trades
Oct → Dec
Carry · +0.62

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
ZLV26 Oct 2026 OI 13,489 67.87 ¢/lb +0.76 +1.13%
ZLZ26 Dec 2026 OI 257,820 68.49 ¢/lb +0.83 +1.23%
ZLF27 Jan 2027 OI 87,552 68.69 ¢/lb +0.85 +1.25%
ZLH27 Mar 2027 OI 75,875 68.89 ¢/lb +0.86 +1.26%
ZLK27 May 2027 OI 50,723 69.05 ¢/lb +0.83 +1.22%
ZLN27 Jul 2027 OI 49,817 69.03 ¢/lb +0.78 +1.14%
ZLQ27 Aug 2027 OI 8,608 68.59 ¢/lb +0.74 +1.09%
ZLU27 Sep 2027 OI 3,686 68.08 ¢/lb +0.68 +1.01%
ZLV27 Oct 2027 OI 2,913 67.56 ¢/lb +0.70 +1.05%
ZLZ27 Dec 2027 OI 7,937 67.31 ¢/lb +0.70 +1.05%
ZLF28 Jan 2028 OI 373 66.45 ¢/lb 0.00 0.00%
ZLH28 Mar 2028 OI 222 66.12 ¢/lb 0.00 0.00%
ZLK28 May 2028 OI 130 65.81 ¢/lb 0.00 0.00%
ZLN28 Jul 2028 OI 32 65.53 ¢/lb 0.00 0.00%
ZLQ28 Aug 2028 OI 5 64.99 ¢/lb 0.00 0.00%
ZLU28 Sep 2028 OI 9 64.45 ¢/lb 0.00 0.00%
ZLV28 Oct 2028 OI 1 64.03 ¢/lb 0.00 0.00%
ZLZ28 Dec 2028 OI 27 63.77 ¢/lb 0.00 0.00%
ZLN29 Jul 2029 OI 0 63.84 ¢/lb 0.00 0.00%
ZLV29 Oct 2029 OI 0 63.83 ¢/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 14.3K on the week · net long for 35 weeks
+96.6K
Producers and merchantsLong 175K · short 387K · net +13.1K on the week
−211K
Open interest Down 3.7K on the week · 333 traders
695K

CFTC Commitments of Traders (disaggregated), CBOT soybean oil 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 60,000 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 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.