Soybeans Futures Pricing

Chicago Board of Trade · January 2027 contract · Priced in U.S. cents per bushel

Cash Basis

USDA · Nov 6

No report

Strongest Arkansas −10¢ · weakest Colorado −100¢

USDA country-elevator bids against January 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

Nov 6 settle

Jan → Mar: Carry · +5.50
Old vs new cropJan 2027 → Nov 2027: Inverted · −16.25

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

17 contracts

ZSX26 Nov 2026 OI 833 1,189.00 ¢/bu +8.00 +0.68%

ZSF27 Jan 2027 OI 372,281 1,193.75 ¢/bu +5.50 +0.46%

ZSH27 Mar 2027 OI 224,492 1,199.25 ¢/bu +3.00 +0.25%

ZSK27 May 2027 OI 140,320 1,208.25 ¢/bu +2.00 +0.17%

ZSN27 Jul 2027 OI 121,111 1,215.50 ¢/bu +1.00 +0.08%

ZSQ27 Aug 2027 OI 10,606 1,204.75 ¢/bu -0.25 -0.02%

ZSU27 Sep 2027 OI 8,146 1,179.75 ¢/bu -3.00 -0.25%

ZSX27 Nov 2027 OI 73,630 1,177.50 ¢/bu -4.25 -0.36%

ZSF28 Jan 2028 OI 6,679 1,189.50 ¢/bu -4.00 -0.34%

ZSH28 Mar 2028 OI 3,716 1,190.00 ¢/bu -3.75 -0.31%

ZSK28 May 2028 OI 998 1,194.00 ¢/bu -4.00 -0.33%

ZSN28 Jul 2028 OI 1,090 1,199.50 ¢/bu -4.00 -0.33%

ZSQ28 Aug 2028 OI 11 1,189.00 ¢/bu -3.50 -0.29%

ZSU28 Sep 2028 OI 21 1,163.00 ¢/bu -3.50 -0.30%

ZSX28 Nov 2028 OI 325 1,160.00 ¢/bu -2.00 -0.17%

ZSN29 Jul 2029 OI 4 1,176.75 ¢/bu -2.00 -0.17%

ZSX29 Nov 2029 OI 14 1,146.75 ¢/bu -1.00 -0.09%

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

Commitments of Traders

Tuesday, Nov 3

Managed moneySold 52.6K on the week · net long for over a year: +133K
Producers and merchantsLong 341K · short 548K · net +35.5K on the week: −207K
Open interest Down 917 on the week · 633 traders: 1.13M

CFTC Commitments of Traders (disaggregated), CBOT soybeans 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 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 19 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 January 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.