Soil pore space holds water and air. Soil moisture content is the amount of water present in soil. This water sits in the spaces between soil aggregates and inside the aggregates themselves.
These spaces are called inter-aggregate pore space and intra-aggregate pore space. In normal soil, pore space is usually filled by air, water, or both. If the pores contain only air, the soil is completely dry. If the pores are filled with water, the soil is saturated.