Storage Signal

Latest trades
Oct → Dec
Inverted · −9.68

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

11 contracts
HEV26 Oct 2026 OI 30,836 78.98 ¢/lb +0.73 +0.93%
HEZ26 Dec 2026 OI 147,357 69.30 ¢/lb +0.90 +1.32%
HEG27 Feb 2027 OI 57,069 70.18 ¢/lb +0.80 +1.15%
HEJ27 Apr 2027 OI 30,099 75.20 ¢/lb +0.48 +0.64%
HEK27 May 2027 OI 358 79.75 ¢/lb +0.20 +0.25%
HEM27 Jun 2027 OI 15,259 88.28 ¢/lb +0.23 +0.26%
HEN27 Jul 2027 OI 5,086 90.28 ¢/lb +0.33 +0.36%
HEQ27 Aug 2027 OI 3,049 90.28 ¢/lb +0.30 +0.33%
HEV27 Oct 2027 OI 932 76.20 ¢/lb +0.55 +0.73%
HEZ27 Dec 2027 OI 436 69.30 ¢/lb -0.05 -0.07%
HEG28 Feb 2028 OI 7 72.95 ¢/lb -0.55 -0.75%

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

Commitments of Traders

Tuesday, Sep 22
Managed moneySold 4.1K on the week · most net short in at least five years
−35.5K
Producers and merchantsLong 59.9K · short 95.5K · net +2.5K on the week
−35.6K
Open interest Up 2.0K on the week · 374 traders
420K

CFTC Commitments of Traders (disaggregated), CME lean hogs 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 40,000 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 CME 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.