Trade War

The trade war affects how and what you trade. Stay ahead of market-moving events with insights, analysis, and tools from CME Group.

Featured research

The Trade War and a Changing Market for Soybeans

The outlook for U.S. soybeans has improved, with exports forecast to rise in 2021. Read more.

Trade war insights

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Strategic insights to impacted markets

As you prepare to handle event risk around the trade wars, short-term options offer a strong risk management strategy for high-impact events.

View Weekly Options Vendor Codes

CME Group weekly options have seen tremendous growth. As traders work to manage short-term event risk around negotiations, decisions, and tariffs, weekly options provide the precision and flexibility you need.

Continued Growth in Weekly Options

  • Commodity Weekly Options ADV continue to grow this year after hitting a record in May of 2019
  •  Weekly Soybean Options have seen a surge in September 2020 as the trade war continues to impact the markets


QuikStrike Tools

Tracking market expectations

Monitor how the trade war influences market expectations, focusing on options volatility to make informed decisions about event risk. As effects of the trade war shift the markets, watch forecasts for future movements, review historical markets or use CME Group’s tools to do more analysis.

Open Interest Heat Map Tool

See instantly which option calls and puts have the most trading, by strike and expiration, and compare vs. the last day/week/month, to help you plan. Use the Open Interest Heatmap to build your own heatmap of where positions are concentrated trade war-affected contracts. Get started

Event Volatility Calculator

See how markets are pricing upcoming economic and geopolitical events through the lens of options volatility. Through the ongoing trade war, volatility continues to change, which may provide valuable insight into what's coming. Get started

Vol2Vol Expected Range Tool

Follow market sentiment on price for products affected by the trade war with the Vol2Vol tool. See how many standard deviations a strike is from the at-the-money (ATM) futures price and chart open interest and volume. Get started


Dive deeper into trading around event risk

Key economic events

Learn how economic events can move markets and what to watch to make the most of your trading strategy.


Get an overview of strangles as a trading strategy for options, including benefits of the strategy and more.


Look at straddles as a strategy for trading options in volatile or stagnate markets.

CME Institute

Start learning about the futures and options markets with courses designed to help you at each stage of your trading journey.