Commodity futures: prices, term structure and roll yield
Eleven benchmark futures across metals, energy and agriculture: the latest settle, changes from one day to year to date, and whether each curve is in backwardation or contango.
The board covers 11 benchmark futures (metals, energy, agriculture) for the 6 Nov 2026 session; each price is the settle of the contract with the highest open interest, and every change is roll-free (a contract roll never prints as a move).
Gold 4,074.90 USD/troy oz (-0.94% on the day, -2.68% over 1 month, -9.48% year to date; Dec 2026 contract); Silver 51.942 USD/troy oz (-0.83% on the day, -15.66% over 1 month, -28.84% year to date; Dec 2026 contract); Copper 6.2375 USD/lb (-0.52% on the day, -6.20% over 1 month, +4.99% year to date; Dec 2026 contract); Crude Oil WTI 90.830 USD/bbl (+0.34% on the day, +3.10% over 1 month, +89.62% year to date; Dec 2026 contract); Natural Gas 3.4540 USD/MMBtu (+1.20% on the day, -12.08% over 1 month, -26.70% year to date; Jan 2027 contract).
Over 1 month the biggest gains are Crude Oil WTI +3.10%, Cotton No. 2 -1.78%, Gold -2.68% and the biggest falls Wheat (SRW) -16.05%, Silver -15.66%, Corn -13.09%.
Year to date: Crude Oil WTI +89.62%, Cotton No. 2 +19.49%, Silver -28.84%, Natural Gas -26.70%.
Term structure: 4 of 11 are in backwardation (the nearer contract costs more than the later one): Crude Oil WTI -1.36% to the next month; Soybeans -0.36% over 12 months; Coffee C -1.47% to the next month; Sugar No. 11 -2.90% to the next month; 7 are in contango (the later contract costs more): Gold +0.80% to the next month; Silver +1.21% to the next month; Copper +0.61% to the next month; Natural Gas +24.23% over 12 months; Corn +9.91% over 12 months; Wheat (SRW) +8.92% over 12 months; Cotton No. 2 +1.90% to the next month.
Cross-check against TradingView reference prices (spot or CFD) on the same session: Gold +0.12%, inside the 2.0% gate; Silver +0.08%, inside the 2.0% gate; Crude Oil WTI +0.40%, inside the 2.0% gate.
Benchmark futures: prices and changes
Settled daily close of the most-traded contract for the 6 Nov 2026 session. Metals and energy in US dollars; grains and softs in US cents.
Group
Commodity
Contract
Settle
Unit
1D
1W
1M
3M
6M
Year to date
Open interest
Metals
Gold
Dec 2026 (GCZ2026)
4,074.90
USD/troy oz
-0.94%
+4.51%
-2.68%
-5.23%
-15.11%
-9.48%
265,007
Metals
Silver
Dec 2026 (SIZ2026)
51.942
USD/troy oz
-0.83%
+5.41%
-15.66%
-16.66%
-34.08%
-28.84%
76,203
Metals
Copper
Dec 2026 (HGZ2026)
6.2375
USD/lb
-0.52%
-3.77%
-6.20%
-8.41%
-1.68%
+4.99%
149,949
Energy
Crude Oil WTI
Dec 2026 (CLZ2026)
90.830
USD/bbl
+0.34%
-12.76%
+3.10%
+26.19%
+9.11%
+89.62%
215,417
Energy
Natural Gas
Jan 2027 (NGF2027)
3.4540
USD/MMBtu
+1.20%
+2.46%
-12.08%
-3.46%
-14.54%
-26.70%
289,286
Agriculture
Corn
Dec 2026 (ZCZ2026)
441.50
cents/bu
+0.34%
-1.40%
-13.09%
-3.81%
-11.79%
-10.46%
720,213
Agriculture
Soybeans
Jan 2027 (ZSF2027)
1,193.75
cents/bu
+0.46%
-3.28%
-9.43%
+0.21%
-2.57%
+8.12%
372,444
Agriculture
Wheat (SRW)
Dec 2026 (ZWZ2026)
591.25
cents/bu
-1.34%
-2.03%
-16.05%
-8.31%
-7.91%
+9.45%
222,253
Agriculture
Coffee C
Mar 2027 (KCH2027)
271.40
cents/lb
+0.80%
-1.95%
-8.26%
-8.42%
+4.67%
-7.41%
60,251
Agriculture
Sugar No. 11
Mar 2027 (SBH2027)
18.250
cents/lb
-1.67%
-5.73%
-12.34%
+10.87%
+12.69%
+14.16%
596,669
Agriculture
Cotton No. 2
Mar 2027 (CTH2027)
82.670
cents/lb
+0.15%
+1.32%
-1.78%
-2.62%
-4.00%
+19.49%
122,419
Term structure: backwardation and contango
Spread = compared contract ÷ front contract − 1 (positive = contango). Seasonal markets (natural gas and the grains) are compared with the same month a year later. * Roll yield is annualised from a gap under 45 days or capped at ±50%, so read it as a rough size.
Commodity
Front month
Front settle
Compared with
Settle
Spread
Spread kind
Structure
Roll yield, annualised
Days apart
Gold
Dec 2026
4,074.90
Feb 2027
4,107.50
+0.80%
front to next
contango
-5.1%
57
Silver
Dec 2026
51.942
Mar 2027
52.570
+1.21%
front to next
contango
-4.8%
90
Copper
Dec 2026
6.2375
Jan 2027
6.2755
+0.61%
front to next
contango
-7.6% *
29
Crude Oil WTI
Dec 2026
90.830
Jan 2027
89.590
-1.36%
front to next
backwardation
+16.3% *
31
Natural Gas
Jan 2027
3.4540
Jan 2028
4.2910
+24.23%
12-month
contango
-19.5%
365
Corn
Dec 2026
441.50
Dec 2027
485.25
+9.91%
12-month
contango
-9.0%
365
Soybeans
Jan 2027
1,193.75
Jan 2028
1,189.50
-0.36%
12-month
backwardation
+0.4%
365
Wheat (SRW)
Dec 2026
591.25
Dec 2027
644.00
+8.92%
12-month
contango
-8.2%
365
Coffee C
Mar 2027
271.40
May 2027
267.40
-1.47%
front to next
backwardation
+8.9%
61
Sugar No. 11
Mar 2027
18.250
May 2027
17.720
-2.90%
front to next
backwardation
+17.3%
63
Cotton No. 2
Mar 2027
82.670
May 2027
84.240
+1.90%
front to next
contango
-11.5%
59
Terms used on this page
Backwardation: the nearer futures contract costs more than the later one; contango: the later contract costs more.
Roll yield: the annualised gain or loss from holding the front contract and rolling it forward when the curve has this shape; positive in backwardation.
Open interest: the number of contracts still open on the most-traded month.
Roll-free change: on the day a continuous series switches contract, the base is the new contract's own prior close, so a roll never shows up as a price move.
Source: TradingView futures (settlement used as the close). The board's price for each commodity is a single dated contract, so it can differ from a spot or front-month quote; the cross-check lines above compare it with TradingView's spot references.
Questions
What is the price of oil?
WTI crude settled at $90.83 per barrel on 6 Nov 2026 (the Dec 2026 contract), +0.34% on the day, +3.10% over 1 month and +89.62% year to date. The curve is in backwardation: the next month settled at $89.59.
What is the price of gold?
Gold futures settled at $4,074.90 per troy ounce on 6 Nov 2026 (the Dec 2026 contract), -0.94% on the day, -2.68% over 1 month and -9.48% year to date; the curve is in contango.
Which commodities are in backwardation and which in contango?
As of 6 Nov 2026: in backwardation, Crude Oil WTI -1.36% to the next month; Soybeans -0.36% over 12 months; Coffee C -1.47% to the next month; Sugar No. 11 -2.90% to the next month; in contango, Gold +0.80% to the next month; Silver +1.21% to the next month; Copper +0.61% to the next month; Natural Gas +24.23% over 12 months; Corn +9.91% over 12 months; Wheat (SRW) +8.92% over 12 months; Cotton No. 2 +1.90% to the next month.