Website charts: https://www.mrci.com/client/options MRCI's Implied Volatility Data as of Friday July 18, 2025 /==================================================================================\ | Contract | IV | HV | +1SD | CTHV | -1SD |IV+-% |D2EX| |==============================|=======|=======|=======|=======|=======|======|====| |Sep25 Japanese Yen(CME) | 45.29| 9.07| 12.50| 8.56| 4.62| +429%| 49| |Sep25 Orange Juice(ICE) | 66.81| 69.79| 36.91| 30.92| 24.92| +116%| 14| |Sep25 Cocoa(ICE) | 56.53| 64.64| 48.67| 31.20| 13.73| +81%| 14| |Nov25 Orange Juice(ICE) | 50.58| 64.30| 34.05| 27.99| 21.94| +80%| 77| |Dec25 Class III Milk(CME) | 20.79| 8.06| 16.68| 11.99| 7.29| +73%| 165| |Sep25 London Cocoa(LCE) | 44.54| 46.96| 41.35| 25.76| 10.16| +72%| 42| |Dec25 Cocoa(ICE) | 49.48| 56.27| 47.70| 29.63| 11.57| +66%| 112| |Dec25 London Cocoa(LCE) | 39.10| 39.15| 40.49| 23.65| 6.82| +65%| 133| |Mar26 Cocoa(ICE) | 45.15| 48.02| 43.55| 27.71| 11.87| +62%| 203| |Jan26 Orange Juice(ICE) | 42.74| 61.81| 32.65| 26.33| 20.01| +62%| 140| |Mar26 Orange Juice(ICE) | 41.18| 61.47| 31.96| 25.31| 18.67| +62%| 203| |Sep25 Copper(CMX) | 36.51| 46.47| 31.89| 22.79| 13.70| +60%| 39| |Dec25 Natural Gas(NYM) | 48.77| 32.03| 54.55| 30.64| 6.72| +59%| 130| |Nov25 Class III Milk(CME) | 21.27| 9.88| 19.89| 14.13| 8.36| +50%| 137| |Nov25 Natural Gas(NYM) | 52.60| 39.29| 59.48| 35.43| 11.38| +48%| 102| |Dec25 Copper(CMX) | 31.42| 46.08| 31.45| 22.35| 13.25| +40%| 130| |Oct25 Natural Gas(NYM) | 56.12| 47.80| 66.23| 41.56| 16.89| +35%| 69| |Feb26 Live Cattle(CME) | 14.27| 11.99| 14.80| 11.25| 7.70| +26%| 203| |Feb26 Live Cattle(CME) | 14.27| 11.99| 14.80| 11.25| 7.70| +26%| 203| |Sep25 Natural Gas(NYM) | 55.73| 50.84| 69.25| 44.21| 19.17| +26%| 39| |Oct25 Class III Milk(CME) | 21.01| 12.54| 23.73| 17.09| 10.45| +22%| 109| |Dec25 Coffee "C"(ICE) | 40.44| 40.14| 40.38| 33.49| 26.60| +20%| 117| |Mar26 Coffee "C"(ICE) | 38.74| 39.06| 39.38| 32.53| 25.69| +19%| 209| |Dec25 Live Cattle(CME) | 14.56| 12.59| 16.12| 12.38| 8.64| +17%| 140| |Aug25 Natural Gas(NYM) | 53.53| 54.29| 70.07| 45.42| 20.77| +17%| 10| |Aug25 NY Harbor ULSD(NYM) | 36.28| 41.43| 43.57| 31.17| 18.77| +16%| 10| |Sep25 NY Harbor ULSD(NYM) | 34.41| 38.77| 42.42| 30.41| 18.40| +13%| 39| |Sep25 Coffee "C"(ICE) | 39.27| 40.73| 41.42| 34.63| 27.84| +13%| 21| |Nov25 NY Harbor ULSD(NYM) | 32.28| 35.47| 40.38| 29.08| 17.78| +11%| 102| |Sep25 30-Year T-Bonds(CBOT) | 11.38| 8.67| 14.29| 10.26| 6.23| +10%| 35| |Oct25 NY Harbor ULSD(NYM) | 32.91| 37.12| 41.32| 29.72| 18.11| +10%| 69| |Dec25 NY Harbor ULSD(NYM) | 31.32| 33.76| 39.52| 28.47| 17.43| +10%| 130| |Dec25 Soybean Oil(CBOT) | 28.55| 21.94| 40.69| 26.45| 12.22| +7%| 126| |Jan26 Soybean Oil(CBOT) | 28.14| 21.57| 40.29| 26.19| 12.09| +7%| 161| |Mar26 Soybean Oil(CBOT) | 27.32| 20.92| 39.39| 25.64| 11.88| +6%| 217| |Oct25 Soybean Oil(CBOT) | 27.19| 21.78| 40.36| 26.13| 11.90| +4%| 70| |Jan26 Feeder Cattle(CME) | 15.23| 15.03| 19.62| 15.05| 10.48| +1%| 195| |Sep25 Soybean Oil(CBOT) | 26.10| 21.53| 39.94| 25.84| 11.74| +1%| 35| |Oct25 Live Cattle(CME) | 14.18| 14.26| 18.06| 14.08| 10.10| +0%| 77| |Sep25 S & P 500 E-Mini(CME) | 13.82| 8.83| 19.63| 13.91| 8.19| +0%| 63| |Sep25 10-Year T-Notes(CBOT) | 5.26| 4.48| 7.45| 5.25| 3.05| +0%| 35| |Sep25 US Dollar Index(ICE) | 6.98| 5.24| 9.44| 7.05| 4.66| +0%| 49| |Nov25 Feeder Cattle(CME) | 15.16| 15.60| 19.94| 15.60| 11.27| -2%| 125| |Dec25 Silver(CMX) | 27.55| 22.85| 39.38| 28.67| 17.95| -3%| 130| |Feb26 Lean Hogs(CME) | 20.93| 19.80| 31.48| 21.83| 12.18| -4%| 210| |Sep25 RBOB Gasoline(NYM) | 31.10| 32.90| 45.83| 32.56| 19.30| -4%| 39| |Dec25 RBOB Gasoline(NYM) | 30.46| 31.28| 44.81| 31.79| 18.78| -4%| 130| |Sep25 EuroFX(CME) | 7.69| 5.48| 11.16| 8.17| 5.17| -5%| 49| |Jan26 Crude Oil(NYM) | 30.56| 32.08| 46.63| 32.44| 18.25| -5%| 151| |Jan26 Brent Crude Oil(ICE) | 28.20| 31.85| 43.87| 29.91| 15.95| -5%| 129| |Nov25 RBOB Gasoline(NYM) | 30.49| 32.41| 45.76| 32.41| 19.05| -5%| 102| |Sep25 Silver(CMX) | 26.89| 23.08| 39.52| 28.81| 18.09| -6%| 39| |Oct25 RBOB Gasoline(NYM) | 30.98| 33.25| 46.52| 33.00| 19.47| -6%| 69| |Aug25 Live Cattle(CME) | 14.44| 15.46| 19.94| 15.69| 11.45| -7%| 14| |Aug25 Soybean Oil(CBOT) | 23.94| 21.45| 39.68| 25.75| 11.82| -7%| 7| |Dec25 Crude Oil(NYM) | 30.68| 34.09| 47.20| 33.02| 18.84| -7%| 122| |Dec25 Brent Crude Oil(ICE) | 28.03| 33.87| 44.49| 30.45| 16.40| -7%| 101| |Aug25 RBOB Gasoline(NYM) | 30.93| 33.89| 47.06| 33.71| 20.35| -8%| 10| |Sep25 Class III Milk(CME) | 19.75| 16.62| 29.81| 21.58| 13.35| -8%| 74| |Oct25 Feeder Cattle(CME) | 14.71| 15.91| 20.64| 16.29| 11.93| -9%| 104| |Nov25 Crude Oil(NYM) | 30.53| 36.32| 47.77| 33.63| 19.49| -9%| 90| |Dec25 London Sugar(LCE) | 19.98| 25.53| 29.42| 22.17| 14.92| -9%| 106| |Sep25 New Zealand Dollar(CME) | 9.28| 8.31| 13.94| 10.46| 6.97| -11%| 49| |Nov25 Brent Crude Oil(ICE) | 27.54| 36.19| 45.06| 30.99| 16.92| -11%| 68| |Sep25 Australian Dollar(CME) | 9.08| 8.64| 13.67| 10.37| 7.07| -12%| 49| |Oct25 Crude Oil(NYM) | 30.14| 38.76| 48.32| 34.28| 20.23| -12%| 61| |Oct25 London Sugar(LCE) | 21.07| 27.94| 31.75| 24.05| 16.36| -12%| 45| |Dec25 Lean Hogs(CME) | 21.77| 23.79| 36.22| 25.13| 14.03| -13%| 147| |Aug25 Gold(CMX) | 13.29| 13.08| 22.97| 15.45| 7.92| -13%| 10| |Sep25 Crude Oil(NYM) | 29.68| 41.36| 48.61| 34.85| 21.08| -14%| 28| |Oct25 Brent Crude Oil(ICE) | 26.66| 38.80| 45.49| 31.49| 17.49| -15%| 38| |Mar26 Sugar #11(ICE) | 21.36| 27.49| 32.78| 26.02| 19.26| -17%| 213| |Sep25 Feeder Cattle(CME) | 13.77| 15.92| 21.12| 16.83| 12.54| -18%| 69| |Oct25 Lean Hogs(CME) | 20.98| 22.28| 35.99| 26.47| 16.95| -20%| 88| |Sep25 British Pound(CME) | 7.47| 6.23| 18.44| 9.85| 1.26| -24%| 49| |Oct25 Sugar #11(ICE) | 22.93| 31.75| 37.76| 30.19| 22.61| -24%| 59| |Sep25 NASDAQ 100 E-Mini(CME) | 17.11| 39.01| 44.84| 22.96| 1.08| -25%| 63| |Sep25 Brent Crude Oil(ICE) | 23.83| 41.45| 45.80| 32.05| 18.29| -25%| 7| |Oct25 Cotton(ICE) | 20.20| 13.46| 39.19| 27.57| 15.94| -26%| 56| |Dec25 Wheat(KCBT) | 24.08| 23.31| 44.48| 34.22| 23.95| -29%| 126| |Mar26 Wheat(KCBT) | 22.86| 22.00| 42.94| 32.84| 22.75| -30%| 217| |Aug25 Feeder Cattle(CME) | 12.11| 15.65| 22.03| 17.56| 13.09| -31%| 41| |Aug25 Soybean Meal(CBOT) | 18.57| 16.53| 35.70| 27.23| 18.77| -31%| 7| |Sep25 Wheat(KCBT) | 24.85| 24.74| 46.33| 36.05| 25.76| -31%| 35| |Sep25 Canadian Dollar(CME) | 5.27| 5.69| 10.07| 7.66| 5.26| -31%| 49| |Sep25 Soybean Meal(CBOT) | 18.56| 16.07| 36.77| 28.09| 19.41| -33%| 35| |Mar26 Wheat(CBOT) | 22.71| 22.92| 44.03| 34.14| 24.26| -33%| 217| |Dec25 Cotton(ICE) | 17.26| 11.81| 39.90| 26.48| 13.06| -34%| 112| |Dec25 Wheat(CBOT) | 23.63| 24.24| 46.73| 36.41| 26.09| -35%| 126| |Mar26 Cotton(ICE) | 16.31| 11.32| 39.49| 25.27| 11.05| -35%| 210| |Sep25 Soybeans(CBOT) | 16.77| 18.76| 35.95| 26.59| 17.23| -36%| 35| |Sep25 Wheat(CBOT) | 24.76| 26.03| 49.90| 39.00| 28.10| -36%| 35| |Aug25 Soybeans(CBOT) | 15.18| 18.38| 33.51| 24.99| 16.48| -39%| 7| |Oct25 Soybean Meal(CBOT) | 17.52| 16.06| 38.25| 29.33| 20.41| -40%| 70| |Nov25 Soybeans(CBOT) | 15.72| 18.53| 36.34| 27.04| 17.74| -41%| 98| |Mar26 Soybean Meal(CBOT) | 16.16| 15.18| 35.32| 27.49| 19.65| -41%| 217| |Aug25 Lean Hogs(CME) | 15.86| 18.14| 36.02| 27.80| 19.58| -42%| 27| |Mar26 Soybeans(CBOT) | 14.31| 16.63| 32.92| 24.70| 16.47| -42%| 217| |Dec25 Soybean Meal(CBOT) | 17.11| 16.13| 38.71| 29.85| 20.98| -42%| 126| |Aug25 Class III Milk(CME) | 13.46| 21.71| 32.18| 23.48| 14.77| -42%| 46| |Jan26 Soybeans(CBOT) | 14.89| 17.74| 35.64| 26.50| 17.36| -43%| 161| |Jan26 Soybean Meal(CBOT) | 16.47| 15.92| 37.98| 29.20| 20.43| -43%| 161| |Sep25 Corn(CBOT) | 21.94| 25.18| 48.76| 38.73| 28.69| -43%| 35| |Dec25 Corn(CBOT) | 19.28| 23.80| 48.41| 38.16| 27.90| -49%| 126| |Mar26 Corn(CBOT) | 17.67| 22.24| 46.45| 36.22| 25.99| -51%| 217| |Jul25 Class III Milk(CME) | 5.87| 15.99| 22.61| 15.45| 8.28| -61%| 11| \==================================================================================/ 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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