Storage Signal

Nov 6 settle
Dec → Jan
Carry · +0.15

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
ZLZ26 Dec 2026 OI 167,822 62.26 ¢/lb +0.02 +0.03%
ZLF27 Jan 2027 OI 131,188 62.41 ¢/lb -0.01 -0.02%
ZLH27 Mar 2027 OI 109,277 62.91 ¢/lb +0.01 +0.02%
ZLK27 May 2027 OI 81,095 63.40 ¢/lb +0.04 +0.06%
ZLN27 Jul 2027 OI 80,227 63.67 ¢/lb +0.09 +0.14%
ZLQ27 Aug 2027 OI 9,705 63.54 ¢/lb +0.13 +0.21%
ZLU27 Sep 2027 OI 6,836 63.34 ¢/lb +0.15 +0.24%
ZLV27 Oct 2027 OI 4,483 63.06 ¢/lb +0.18 +0.29%
ZLZ27 Dec 2027 OI 20,770 63.05 ¢/lb +0.21 +0.33%
ZLF28 Jan 2028 OI 1,134 63.12 ¢/lb +0.22 +0.35%
ZLH28 Mar 2028 OI 540 63.03 ¢/lb +0.24 +0.38%
ZLK28 May 2028 OI 266 62.97 ¢/lb +0.24 +0.38%
ZLN28 Jul 2028 OI 67 62.97 ¢/lb +0.27 +0.43%
ZLQ28 Aug 2028 OI 15 62.63 ¢/lb +0.30 +0.48%
ZLU28 Sep 2028 OI 19 62.20 ¢/lb +0.30 +0.48%
ZLV28 Oct 2028 OI 2 61.72 ¢/lb +0.29 +0.47%
ZLZ28 Dec 2028 OI 28 61.61 ¢/lb +0.29 +0.47%
ZLN29 Jul 2029 OI 0 63.84 ¢/lb -0.19 -0.30%
ZLV29 Oct 2029 OI 0 63.83 ¢/lb -0.19 -0.30%
ZLZ29 Dec 2029 OI 0 63.15 ¢/lb -0.19 -0.30%

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

Commitments of Traders

Tuesday, Nov 3
Managed moneySold 15.9K on the week · net long for 41 weeks
+40.4K
Producers and merchantsLong 173K · short 318K · net +21.1K on the week
−145K
Open interest Up 35.9K on the week · 340 traders
680K

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