March Agricultural Options Update

Ag Option Product Suite

Monthly Highlights

  • A daily, data-driven report is now available called CME Ag Intel for Corn and Soybean markets. The goal of the brief report is to highlight the most interesting stats or trends occurring in the options market. To sign up, click here.
  • The trend of increased activity during non-US hours continues with Chicago Wheat, Soybeans, and Soybean Oil reaching a new high during non-US hours.
  • A white paper analyzing the most common type of option strategies occurring in the Grain & Oilseed option markets can be found here.
Option Product March ADV Year/Year % Change
Corn 90,489 -16%
Soybean 58,938 44%
Chicago SRW Wheat 40,757 3%
Hogs 17,032 -35%
Live Cattle 17,171 42%
Soybean Meal 15,590 158%
Soybean Oil 9,680 118%
KC HRW Wheat 5,823 12%
Ag Weekly Option 3,830 -56%
Short-Dated New Crop Option 5,056 25%
Class III Milk 2,193 59%
Feeder Cattle 2,095 32%
Calendar Spread Option 805 205%

Lean Hogs - Implied volatility (IV) is elevated compared to historical levels in Lean Hogs. Below is a chart of the 30-day constant maturity IV.

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Non-US Activity - Chicago Wheat, Soybeans, and Soybean Oil active during non-US hours.

Contact Information

Steven A Stasys
Senior Director, Agricultural Options
steven.stasys@cmegroup.com
+312-648-3822

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