Storage Signal

Latest trades
Dec → Feb
Carry · +5.53

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
HEZ26 Dec 2026 OI 129,242 54.48 ¢/lb +0.95 +1.77%
HEG27 Feb 2027 OI 83,879 60.00 ¢/lb +1.30 +2.21%
HEJ27 Apr 2027 OI 47,337 67.33 ¢/lb +0.83 +1.24%
HEK27 May 2027 OI 719 74.73 ¢/lb +0.80 +1.08%
HEM27 Jun 2027 OI 22,487 83.65 ¢/lb +0.80 +0.97%
HEN27 Jul 2027 OI 11,143 86.78 ¢/lb +0.85 +0.99%
HEQ27 Aug 2027 OI 10,481 87.78 ¢/lb +1.00 +1.15%
HEV27 Oct 2027 OI 10,185 77.23 ¢/lb +0.95 +1.25%
HEZ27 Dec 2027 OI 2,283 69.83 ¢/lb +0.10 +0.14%
HEG28 Feb 2028 OI 75 73.28 ¢/lb +0.10 +0.14%
HEJ28 Apr 2028 OI 5 76.93 ¢/lb +0.10 +0.13%

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

Commitments of Traders

Tuesday, Nov 3
Managed moneySold 3.4K on the week · most net short in at least five years
−50.5K
Producers and merchantsLong 66.9K · short 88.9K · net −561 on the week
−22.0K
Open interest Up 31.4K on the week · 382 traders
477K

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