US Equity Index prices rebounded from recent losses while implied volatility in CME Group’s index options markets slipped back toward recent low levels. Commodity markets were more active on CME Group’s price board today with the following notable moves:
As you can see in the orange line in the QuikStrike graphs below, Soybean and Corn futures are trading at recent high levels and Wheat is approaching recent highs. In fact, we have to go back to 2013-14 to find the last time that grains prices were this high. Also, as depicted by the blue line, you can see implied volatility rocketing back up in the grains options markets as well. There is a potentially market-moving WASDE report scheduled for May 12th and we will continue to report on the price and volatility action in the grains markets as we approach that release.