Agricultural options

Gain exposure to dynamic agricultural markets

Manage exposure using a diverse suite of agricultural options on leading grains, oilseeds, and livestock products. Enjoy flexibility to define risk and capitalize on active volatility surfaces in liquid markets.

Options products

View the options product slate available to help you manage risk or express views on leading agricultural markets.

CME Globex Product Name Volume Open Interest
OZC Corn Options 48,287 1,101,696
OZS Soybean Options 69,719 817,935
HE Lean Hog Options 9,711 438,949
LE Live Cattle Options 18,745 400,380
OZW Chicago SRW Wheat Options 20,153 228,978
OZL Soybean Oil Options 23,981 224,215
OZM Soybean Meal Options 14,982 193,177
DC Class III Milk Options 1,315 94,251
GF Feeder Cattle Options 4,956 63,368
OCD Short-Dated New Crop Corn Options 675 43,125
Trade Date: 02 Dec 2024 | PRELIMINARY

Key benefits

Add exposure to an uncorrelated asset class

Agriculture can bring valuable diversification to asset allocation strategies, as it tends to be uncorrelated with other asset classes.

Trade dynamic Ag markets with multiple drivers

From weather to global supply/demand shifts that spur seasonal trends and volatility surfaces different than financial markets, many factors create opportunities.

Get versatility for building strategies

Over 50%* of our Ag options trade as a strategy given the dynamic nature of volatility and skew. Choose from several different options products to craft strategies.

Source: CME Group

Ag Intel

Data-driven recaps of the Corn, Soybean, and Chicago Wheat markets delivered daily to your inbox, highlighting significant changes in volume, open interest, price, volatility, and skew.

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Non-standard Agricultural options

Manage exposure with greater granularity by using options that target specific time frames outside of what traditional options offer.

Short-dated New Crop options

Hedge longer-dated futures with options that expire in shorter time frames – a way to manage new crop futures risk in a low-cost manner.

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Weekly options

Customize your risk coverage with more precision, savings, and available strategies using weekly contracts with Friday expirations.

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Calendar Spread options

Create more precise hedges against adverse movements in futures spreads, with more sensitivity to the value and volatility of the spread.

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Tools

Build and refine your trading strategies with free pricing and analytics tools for CME Group Agricultural products.

Open Interest Profile Tool

Analyze open interest and open interest change patterns for each expiration within the selected product.

Strategy Simulator

Learn how an option contract, futures contract, or physical position will perform based on hypothetical underlying price scenarios. 

(Daily) Weekly Options Report

Get a daily overview of CME Group’s Weekly options complex, including volume, open interest and open interest change.

Most Active Strikes

View open interest, open interest change, and volume activity detailing the most active strikes by calls, puts, and combined calls and puts.

CVOL – The CME Group Volatility Index

Explore new views on leading grain market volatility uniquely possible by CME Group. This proprietary simple variance methodology produces a representative measure of the market’s expectation of 30-day forward risk for Corn, SRW Wheat, and Soybeans.

Learn more about Ag

White Papers

Read in-depth analysis of the trading strategies and opportunities that can be created by using our suite of Agricultural options.





Education

Take self-guided courses on Agricultural futures and options

If you're new to options on futures, we offer several courses that can help you quickly understand Agricultural options and start trading.

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FEATURED COURSE

Option Strategies

Option strategies are an integral part of a trader’s routine. Whether you are hedging a position or speculating on market outcomes, it’s important to understand the most common option strategies. This course walks you through what you need to know about these strategies.

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