Website charts: https://www.mrci.com/client/options MRCI's Implied Volatility Data as of Wednesday November 05, 2025 /==================================================================================\ | Contract | IV | HV | +1SD | CTHV | -1SD |IV+-% |D2EX| |==============================|=======|=======|=======|=======|=======|======|====| |Dec25 Japanese Yen(CME) | 98.73| 7.44| 10.89| 7.98| 5.07|+1136%| 30| |Mar26 Japanese Yen(CME) | 53.79| 7.42| 10.85| 7.95| 5.05| +576%| 121| |May26 Class III Milk(CME) | 22.06| 5.97| 8.69| 6.58| 4.46| +235%| 209| |Apr26 Class III Milk(CME) | 22.67| 7.15| 9.61| 7.48| 5.34| +203%| 174| |Mar26 Class III Milk(CME) | 23.11| 9.10| 12.37| 9.50| 6.62| +143%| 146| |Aug26 Live Cattle(CME) | 20.74| 32.59| 14.67| 10.31| 5.94| +101%| 275| |Jan26 Orange Juice(ICE) | 56.91| 59.42| 34.77| 28.51| 22.25| +99%| 30| |Aug26 Feeder Cattle(CME) | 24.19| 33.76| 17.56| 12.20| 6.83| +98%| 295| |May26 Natural Gas(NYM) | 47.46| 26.25| 32.78| 23.89| 15.00| +98%| 173| |Jun26 Natural Gas(NYM) | 45.03| 23.07| 31.09| 22.67| 14.25| +98%| 202| |Feb26 Class III Milk(CME) | 23.18| 14.44| 15.16| 11.66| 8.15| +98%| 118| |Apr26 Natural Gas(NYM) | 50.54| 29.47| 35.31| 25.66| 16.02| +96%| 141| |Nov25 Feeder Cattle(CME) | 28.23| 29.53| 19.76| 14.73| 9.71| +91%| 15| |Jun26 Live Cattle(CME) | 20.70| 31.81| 15.66| 10.96| 6.26| +88%| 212| |May26 Feeder Cattle(CME) | 25.00| 33.80| 18.07| 13.43| 8.78| +86%| 204| |Apr26 Live Cattle(CME) | 21.10| 30.92| 16.41| 11.39| 6.37| +85%| 149| |Mar26 Orange Juice(ICE) | 48.14| 57.51| 33.08| 26.83| 20.58| +79%| 93| |Apr26 Feeder Cattle(CME) | 24.78| 33.59| 18.69| 13.89| 9.10| +78%| 176| |Feb26 Natural Gas(NYM) | 65.76| 37.26| 53.60| 36.93| 20.27| +78%| 83| |Mar26 London Cocoa(LCE) | 36.22| 46.94| 28.37| 21.06| 13.75| +71%| 114| |Mar26 Natural Gas(NYM) | 58.69| 34.52| 49.69| 34.61| 19.54| +69%| 111| |Feb26 Live Cattle(CME) | 21.20| 30.28| 17.78| 12.66| 7.54| +67%| 93| |Mar26 Feeder Cattle(CME) | 24.90| 33.25| 19.76| 14.84| 9.91| +67%| 141| |May26 London Cocoa(LCE) | 33.39| 46.23| 27.10| 19.90| 12.70| +67%| 176| |Jul26 London Cocoa(LCE) | 31.78| 44.64| 26.10| 18.98| 11.86| +67%| 237| |Mar26 Cocoa(ICE) | 40.25| 41.73| 30.62| 24.26| 17.90| +65%| 93| |Jan26 Natural Gas(NYM) | 62.88| 38.43| 55.46| 38.42| 21.38| +63%| 51| |Sep26 Cocoa(ICE) | 35.06| 39.97| 27.79| 21.53| 15.26| +62%| 275| |Dec25 London Cocoa(LCE) | 37.64| 47.29| 30.10| 23.16| 16.23| +62%| 23| |May26 Cocoa(ICE) | 37.17| 41.78| 29.26| 23.07| 16.89| +61%| 149| |Jul26 Cocoa(ICE) | 35.90| 40.63| 28.51| 22.28| 16.04| +61%| 212| |Dec25 Live Cattle(CME) | 22.76| 27.09| 19.67| 14.24| 8.82| +59%| 30| |Jan26 Feeder Cattle(CME) | 24.99| 31.69| 20.80| 15.80| 10.80| +58%| 85| |Jan26 Class III Milk(CME) | 23.68| 18.57| 19.94| 14.91| 9.87| +58%| 90| |May26 Orange Juice(ICE) | 39.72| 54.41| 31.80| 25.41| 19.01| +56%| 149| |Aug26 Lean Hogs(CME) | 19.58| 9.92| 16.55| 12.77| 8.99| +53%| 282| |Jul26 Lean Hogs(CME) | 19.61| 9.98| 17.29| 13.05| 8.81| +50%| 251| |Mar26 Coffee "C"(ICE) | 43.97| 32.62| 37.51| 29.89| 22.28| +47%| 99| |Jul26 Orange Juice(ICE) | 36.45| 52.36| 31.04| 24.72| 18.40| +47%| 212| |Sep26 Coffee "C"(ICE) | 40.85| 30.66| 34.82| 27.89| 20.97| +46%| 282| |Jun26 Lean Hogs(CME) | 20.03| 10.02| 18.02| 13.75| 9.49| +45%| 219| |May26 Coffee "C"(ICE) | 42.55| 32.33| 36.53| 29.20| 21.87| +45%| 156| |Jul26 Coffee "C"(ICE) | 41.42| 31.41| 35.57| 28.51| 21.44| +45%| 219| |Dec25 Natural Gas(NYM) | 61.37| 43.95| 61.58| 42.75| 23.92| +43%| 20| |Dec25 Cocoa(ICE) | 38.15| 39.78| 32.85| 26.50| 20.14| +43%| 2| |Dec25 Coffee "C"(ICE) | 43.19| 32.56| 40.01| 31.46| 22.91| +37%| 7| |May26 Lean Hogs(CME) | 19.84| 11.21| 19.37| 14.82| 10.27| +33%| 190| |Dec25 2 Year T-Notes(CBOT) | 1.23| 1.15| 1.58| 0.93| 0.28| +32%| 16| |Mar26 2 Year T-Notes(CBOT) | 1.38| 1.23| 1.75| 1.05| 0.35| +31%| 107| |Apr26 RBOB Gasoline(NYM) | 30.57| 17.76| 29.13| 23.74| 18.36| +28%| 141| |Apr26 NY Harbor ULSD(NYM) | 29.65| 24.53| 28.98| 23.44| 17.90| +26%| 141| |May26 NY Harbor ULSD(NYM) | 29.10| 22.99| 28.39| 23.00| 17.62| +26%| 173| |May26 RBOB Gasoline(NYM) | 29.27| 17.15| 28.39| 23.24| 18.09| +25%| 173| |Jul26 Soybean Oil(CBOT) | 25.61| 17.11| 25.23| 20.63| 16.03| +24%| 233| |Jul26 Wheat(KCBT) | 25.03| 17.55| 25.93| 20.09| 14.25| +24%| 233| |Mar26 Copper(CMX) | 26.20| 32.27| 32.45| 21.11| 9.78| +24%| 110| |Feb26 NY Harbor ULSD(NYM) | 30.23| 27.74| 30.14| 24.28| 18.43| +24%| 83| |Mar26 NY Harbor ULSD(NYM) | 29.64| 26.20| 29.49| 23.82| 18.15| +24%| 111| |May26 Soybean Oil(CBOT) | 26.06| 17.54| 25.79| 21.05| 16.31| +23%| 170| |Aug26 Soybean Oil(CBOT) | 24.89| 16.75| 24.79| 20.26| 15.74| +22%| 261| |Jul26 Wheat(CBOT) | 24.71| 15.85| 26.71| 20.16| 13.60| +22%| 233| |May26 Copper(CMX) | 25.21| 31.81| 32.04| 20.76| 9.48| +21%| 173| |Mar26 Soybean Oil(CBOT) | 26.12| 17.97| 26.61| 21.64| 16.67| +20%| 107| |Aug26 Soybean Meal(CBOT) | 20.08| 17.46| 22.16| 16.60| 11.05| +20%| 261| |Jul26 Soybean Meal(CBOT) | 20.77| 18.06| 23.31| 17.47| 11.63| +18%| 233| |Jun26 Crude Oil(NYM) | 30.95| 20.46| 32.52| 26.19| 19.86| +18%| 191| |Jan26 NY Harbor ULSD(NYM) | 29.29| 29.35| 31.02| 24.86| 18.71| +17%| 51| |Apr26 Lean Hogs(CME) | 20.78| 12.09| 23.09| 17.90| 12.71| +16%| 160| |May26 Crude Oil(NYM) | 30.84| 21.33| 33.32| 26.82| 20.32| +14%| 162| |Jul26 Sugar #11(ICE) | 22.79| 24.93| 24.88| 19.84| 14.79| +14%| 222| |May26 Soybean Meal(CBOT) | 20.74| 18.60| 24.36| 18.32| 12.28| +13%| 170| |Dec25 Copper(CMX) | 24.45| 33.02| 32.98| 21.59| 10.19| +13%| 20| |Dec25 RBOB Gasoline(NYM) | 33.57| 22.67| 36.82| 29.45| 22.08| +13%| 20| |Mar26 RBOB Gasoline(NYM) | 30.30| 20.89| 33.15| 26.65| 20.14| +13%| 111| |May26 Wheat(KCBT) | 24.16| 17.98| 27.56| 21.41| 15.27| +12%| 170| |Feb26 RBOB Gasoline(NYM) | 30.64| 21.58| 34.02| 27.31| 20.60| +12%| 83| |Apr26 Crude Oil(NYM) | 30.63| 22.39| 34.24| 27.52| 20.80| +11%| 132| |Dec25 Soybean Meal(CBOT) | 25.11| 20.51| 31.52| 22.69| 13.85| +10%| 16| |Dec25 Wheat(KCBT) | 25.71| 20.26| 29.53| 23.36| 17.20| +10%| 16| |May26 Brent Crude Oil(ICE) | 28.22| 20.87| 31.35| 25.48| 19.60| +10%| 140| |Mar26 Soybean Meal(CBOT) | 21.22| 19.18| 25.64| 19.39| 13.13| +9%| 107| |Aug26 London Sugar(LCE) | 18.65| 20.35| 21.89| 17.08| 12.28| +9%| 238| |May26 Wheat(CBOT) | 23.63| 16.71| 29.06| 21.78| 14.51| +8%| 170| |Mar26 S & P 500 E-Mini(CME) | 16.30| 15.33| 22.49| 14.96| 7.43| +8%| 135| |May26 Sugar #11(ICE) | 23.78| 27.35| 27.36| 21.86| 16.37| +8%| 161| |Dec25 Silver(CMX) | 29.75| 53.10| 37.09| 27.79| 18.50| +7%| 20| |Dec25 NY Harbor ULSD(NYM) | 27.59| 31.43| 32.54| 25.78| 19.02| +7%| 20| |Mar26 Crude Oil(NYM) | 30.02| 23.89| 35.18| 28.24| 21.31| +6%| 104| |Apr26 Brent Crude Oil(ICE) | 27.61| 21.96| 32.13| 26.02| 19.91| +6%| 110| |Aug26 Soybeans(CBOT) | 16.38| 12.44| 20.97| 15.57| 10.18| +5%| 261| |Mar26 5-Year T-Notes(CBOT) | 3.24| 2.77| 4.36| 3.09| 1.82| +4%| 107| |Mar26 Silver(CMX) | 28.83| 52.72| 36.94| 27.71| 18.47| +4%| 110| |May26 Silver(CMX) | 28.77| 52.54| 36.89| 27.66| 18.42| +4%| 173| |Jan26 Soybean Oil(CBOT) | 23.08| 18.54| 27.73| 22.35| 16.98| +3%| 51| |Mar26 Sugar #11(ICE) | 25.10| 29.76| 30.66| 24.23| 17.81| +3%| 103| |Jul26 Soybeans(CBOT) | 16.60| 13.41| 21.73| 16.22| 10.70| +2%| 233| |Mar26 Wheat(KCBT) | 22.93| 18.67| 28.42| 22.31| 16.19| +2%| 107| |May26 London Sugar(LCE) | 19.10| 21.43| 24.05| 18.68| 13.30| +2%| 147| |Jan26 Soybean Meal(CBOT) | 21.36| 20.06| 28.26| 21.00| 13.74| +1%| 51| |Dec25 S & P 500 E-Mini(CME) | 15.10| 15.25| 22.40| 14.90| 7.40| +1%| 44| |Feb26 Crude Oil(NYM) | 29.36| 25.70| 36.20| 29.02| 21.84| +1%| 71| |Jan26 RBOB Gasoline(NYM) | 28.43| 22.33| 35.07| 28.10| 21.14| +1%| 51| |Mar26 Brent Crude Oil(ICE) | 26.86| 23.32| 32.96| 26.61| 20.27| +0%| 82| |Jul26 Corn(CBOT) | 18.13| 11.31| 24.92| 18.41| 11.90| -1%| 233| |May26 Soybeans(CBOT) | 16.29| 14.11| 22.23| 16.64| 11.06| -2%| 170| |Mar26 Wheat(CBOT) | 22.54| 17.61| 31.03| 23.10| 15.17| -2%| 107| |Mar26 Soybeans(CBOT) | 16.66| 15.02| 22.84| 17.30| 11.75| -3%| 107| |Dec25 Wheat(CBOT) | 24.03| 18.71| 33.57| 24.93| 16.29| -3%| 16| |Jan26 Crude Oil(NYM) | 28.80| 27.92| 37.23| 29.78| 22.33| -3%| 41| |Feb26 Brent Crude Oil(ICE) | 26.18| 25.01| 33.83| 27.20| 20.58| -3%| 49| |Mar26 10-Year T-Notes(CBOT) | 4.85| 4.10| 7.01| 5.10| 3.19| -4%| 107| |Dec25 5-Year T-Notes(CBOT) | 2.81| 2.70| 4.18| 2.94| 1.70| -4%| 16| |Mar26 London Sugar(LCE) | 18.69| 21.59| 25.59| 19.76| 13.92| -5%| 88| |Feb26 Lean Hogs(CME) | 20.64| 14.60| 29.04| 22.26| 15.49| -7%| 100| |Mar26 30-Year T-Bonds(CBOT) | 9.37| 7.64| 14.15| 10.10| 6.05| -7%| 107| |Mar26 New Zealand Dollar(CME) | 10.55| 6.08| 15.53| 11.41| 7.29| -7%| 121| |Dec25 Soybean Oil(CBOT) | 21.27| 18.93| 29.25| 23.17| 17.09| -8%| 16| |Dec25 Class III Milk(CME) | 19.53| 21.14| 28.91| 21.24| 13.56| -8%| 55| |Jan26 Soybeans(CBOT) | 16.15| 16.06| 23.30| 17.88| 12.46| -9%| 51| |Mar26 NASDAQ 100 E-Mini(CME) | 21.13| 62.50| 41.56| 23.39| 5.22| -9%| 135| |Dec25 Crude Oil(NYM) | 27.12| 30.07| 38.31| 30.53| 22.76| -11%| 12| |Jan26 Brent Crude Oil(ICE) | 24.63| 27.21| 34.72| 27.83| 20.94| -11%| 19| |Dec25 10-Year T-Notes(CBOT) | 4.28| 4.08| 6.78| 4.90| 3.03| -12%| 16| |Dec25 US Dollar Index(ICE) | 6.34| 5.19| 10.53| 7.41| 4.29| -14%| 30| |Mar26 US Dollar Index(ICE) | 6.32| 5.18| 10.49| 7.38| 4.27| -14%| 121| |Dec25 NASDAQ 100 E-Mini(CME) | 20.10| 63.67| 42.80| 23.65| 4.50| -15%| 44| |May26 Corn(CBOT) | 16.03| 12.30| 25.58| 19.17| 12.76| -16%| 170| |Dec25 30-Year T-Bonds(CBOT) | 8.27| 7.61| 13.86| 9.94| 6.03| -16%| 16| |Mar26 Australian Dollar(CME) | 8.35| 7.35| 15.28| 10.55| 5.82| -20%| 121| |Dec25 British Pound(CME) | 7.45| 6.87| 13.01| 9.49| 5.98| -21%| 30| |Dec25 Corn(CBOT) | 16.17| 13.63| 27.52| 21.08| 14.64| -23%| 16| |Mar26 Corn(CBOT) | 15.28| 12.52| 26.32| 19.88| 13.44| -23%| 107| |Mar26 British Pound(CME) | 7.14| 6.83| 12.99| 9.47| 5.95| -24%| 121| |Jul26 Cotton(ICE) | 14.77| 9.78| 31.59| 20.19| 8.80| -26%| 212| |Dec25 Australian Dollar(CME) | 7.77| 7.37| 15.34| 10.58| 5.83| -26%| 30| |May26 Cotton(ICE) | 15.07| 10.30| 33.19| 21.49| 9.79| -29%| 156| |Mar26 EuroFX(CME) | 5.96| 5.30| 11.90| 8.40| 4.89| -29%| 121| |Dec25 Cotton(ICE) | 17.17| 11.52| 37.67| 25.53| 13.39| -32%| 2| |Dec25 EuroFX(CME) | 5.66| 5.39| 11.96| 8.43| 4.89| -32%| 30| |Dec25 Lean Hogs(CME) | 16.99| 15.82| 35.38| 27.52| 19.67| -38%| 37| |Dec25 New Zealand Dollar(CME) | 7.03| 6.09| 15.56| 11.43| 7.30| -38%| 30| |Mar26 Cotton(ICE) | 13.93| 10.61| 35.40| 22.95| 10.49| -39%| 100| |Mar26 Canadian Dollar(CME) | 4.44| 3.86| 10.42| 7.39| 4.36| -39%| 121| |Dec25 Canadian Dollar(CME) | 4.30| 3.81| 10.47| 7.43| 4.39| -42%| 30| |Nov25 Class III Milk(CME) | 8.32| 22.63| 26.10| 19.67| 13.25| -57%| 27| \==================================================================================/ Implied Volatility Description (IV) Current daily level of Implied Volatility (IV) for options on this futures contract, as derived from (implied by) options premiums (Black Model). Historical Volatility Description (HV) Current daily level of 20-day Historical Volatility (HV) for this futures contract, as calculated from futures price movement. Central Tendency Description (CTHV) Current daily level of the Central Tendency of Historical Volatility (CTHV), the 15-year average of 20-day historical volatility (of futures prices). Thus, CTHV is the historical reference against which to compare IV and HV. CTHV is also used to calculate +1 and -1 STD (Standard Deviation), between which HV has theoretically been found 67% of the time. Implied Volatility Over/Under Percentage Description (IV+-%) The percentage the current Implied Volatility (IV) is above or below the Central Tendency (CTHV). Days to Expiration Description (D2Ex) Conveniently enumerates how many days until options on that futures contract expires. If you have any questions, please just let us know. 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