Carry Calculator

Storage returns from futures spread between contract months.

Near-month futures ($/bu)

Deferred futures ($/bu)

Months between

Storage ($/bu/mo)

Interest rate (%)

Tab to move between fields

Carry ($/bu)

0.3

Total carry cost ($/bu)0.3

Net return ($/bu)0

% of full carry101.59

Storage cost ($/bu)0.16

Interest cost ($/bu)0.14

How to Use This Calculator

Enter the Near-Month Futures price and the Deferred (later) Futures price.
Enter Months Between the two contract months.
Enter Storage Cost per bushel per month and your current Interest Rate.
Review Carry Per Bushel (the futures spread) and Total Carry Cost.
Check Net Return Per Bushel and % of Full Carry to decide whether storing grain is profitable.

How the result changes with Deferred futures ($/bu)

Identify Input Parameters
4 parameters
Near-month futures ($/bu) = 5.8, Deferred futures ($/bu) = 6.1, Months between = 4, Storage ($/bu/mo) = 0.04 = 5 input(s) provided
Calculate Carry
Carry = round((deferredFutures - nearMonthFutures) * 10000) / 10000
0.3 = 0.3
Calculate Total carry cost
Total carry cost = round((storageCost + interestCost) * 10000) / 10000
0.2953 = 0.2953
Calculate Net return
Net return = round((carry - totalCarryCost) * 10000) / 10000
0.0047 = 0.0047