Website charts: https://www.mrci.com/client/options MRCI's Implied Volatility Data as of Monday July 14, 2025 /==================================================================================\ | Contract | IV | HV | +1SD | CTHV | -1SD |IV+-% |D2EX| |==============================|=======|=======|=======|=======|=======|======|====| |Sep25 Japanese Yen(CME) | 39.34| 8.66| 12.88| 8.61| 4.34| +356%| 53| |Sep25 Orange Juice(ICE) | 66.24| 77.05| 36.76| 30.76| 24.75| +115%| 18| |Sep25 Cocoa(ICE) | 56.82| 58.31| 47.12| 30.39| 13.65| +86%| 18| |Dec25 Class III Milk(CME) | 21.69| 8.46| 16.57| 11.73| 6.89| +84%| 169| |Dec25 Cocoa(ICE) | 52.57| 50.44| 46.57| 29.04| 11.52| +81%| 116| |Jan26 Orange Juice(ICE) | 47.00| 68.79| 32.72| 26.34| 19.97| +78%| 144| |Sep25 London Cocoa(LCE) | 43.66| 43.11| 39.55| 24.97| 10.40| +74%| 46| |Mar26 Cocoa(ICE) | 47.49| 41.74| 43.03| 27.30| 11.57| +73%| 207| |Dec25 London Cocoa(LCE) | 39.82| 34.62| 38.34| 22.92| 7.50| +73%| 137| |Mar26 Orange Juice(ICE) | 41.17| 67.88| 32.04| 25.40| 18.75| +62%| 207| |Nov25 Orange Juice(ICE) | 44.82| 71.88| 34.01| 27.92| 21.82| +60%| 81| |Dec25 Natural Gas(NYM) | 48.84| 34.29| 53.61| 30.62| 7.64| +59%| 134| |Nov25 Class III Milk(CME) | 21.55| 10.63| 19.27| 13.64| 8.00| +58%| 141| |Nov25 Natural Gas(NYM) | 52.10| 42.30| 58.57| 35.45| 12.33| +46%| 106| |Sep25 Copper(CMX) | 32.90| 46.14| 31.82| 22.94| 14.05| +43%| 43| |Oct25 Class III Milk(CME) | 22.10| 13.71| 22.60| 16.16| 9.72| +36%| 113| |Oct25 Natural Gas(NYM) | 56.09| 51.53| 65.30| 41.47| 17.64| +35%| 73| |Dec25 Copper(CMX) | 29.94| 45.76| 31.45| 22.48| 13.50| +33%| 134| |Feb26 Live Cattle(CME) | 14.68| 14.35| 14.98| 11.34| 7.71| +29%| 207| |Feb26 Live Cattle(CME) | 14.68| 14.35| 14.98| 11.34| 7.71| +29%| 207| |Sep25 Natural Gas(NYM) | 56.34| 54.97| 68.38| 44.11| 19.84| +27%| 43| |Aug25 Natural Gas(NYM) | 57.14| 58.42| 69.08| 45.21| 21.33| +26%| 14| |Dec25 Coffee "C"(ICE) | 40.14| 40.59| 38.34| 32.59| 26.83| +23%| 121| |Mar26 Coffee "C"(ICE) | 38.70| 39.74| 37.51| 31.70| 25.89| +22%| 213| |Dec25 Live Cattle(CME) | 14.94| 15.75| 16.31| 12.58| 8.85| +18%| 144| |Sep25 Coffee "C"(ICE) | 39.70| 41.12| 39.24| 33.60| 27.96| +18%| 25| |Sep25 30-Year T-Bonds(CBOT) | 11.72| 9.64| 14.44| 10.41| 6.38| +12%| 39| |Aug25 NY Harbor ULSD(NYM) | 34.84| 49.05| 44.14| 30.98| 17.82| +12%| 14| |Oct25 NY Harbor ULSD(NYM) | 32.42| 44.51| 41.57| 29.43| 17.28| +10%| 73| |Sep25 NY Harbor ULSD(NYM) | 32.95| 46.27| 42.81| 30.16| 17.52| +9%| 43| |Nov25 NY Harbor ULSD(NYM) | 31.49| 42.79| 40.50| 28.75| 16.99| +9%| 106| |Aug25 Crude Oil(NYM) | 36.60| 51.69| 48.24| 34.11| 19.99| +7%| 3| |Dec25 NY Harbor ULSD(NYM) | 30.26| 40.99| 39.53| 28.10| 16.67| +7%| 134| |Jan26 Feeder Cattle(CME) | 15.84| 17.43| 19.47| 15.10| 10.73| +4%| 199| |Sep25 10-Year T-Notes(CBOT) | 5.59| 4.37| 7.73| 5.39| 3.05| +3%| 39| |Sep25 Class III Milk(CME) | 21.28| 17.65| 28.58| 20.63| 12.68| +3%| 78| |Oct25 Live Cattle(CME) | 14.65| 18.03| 18.32| 14.29| 10.25| +2%| 81| |Sep25 S & P 500 E-Mini(CME) | 14.24| 10.49| 19.95| 13.91| 7.86| +2%| 67| |Dec25 Soybean Oil(CBOT) | 28.59| 39.06| 45.10| 28.28| 11.46| +1%| 130| |Sep25 US Dollar Index(ICE) | 7.26| 5.49| 9.69| 7.19| 4.68| +1%| 53| |Dec25 Crude Oil(NYM) | 32.29| 39.22| 46.38| 31.94| 17.50| +1%| 126| |Jan26 Crude Oil(NYM) | 31.95| 36.68| 45.80| 31.40| 17.00| +1%| 155| |Sep25 RBOB Gasoline(NYM) | 32.10| 36.27| 45.21| 31.78| 18.34| +1%| 43| |Nov25 Feeder Cattle(CME) | 15.72| 18.23| 19.77| 15.61| 11.45| +0%| 129| |Jan26 Soybean Oil(CBOT) | 28.35| 38.11| 45.02| 28.09| 11.16| +0%| 165| |Mar26 Soybean Oil(CBOT) | 27.64| 36.53| 44.44| 27.54| 10.65| +0%| 221| |Nov25 Crude Oil(NYM) | 32.59| 42.02| 46.98| 32.50| 18.02| +0%| 94| |Dec25 Brent Crude Oil(ICE) | 30.27| 36.59| 44.40| 30.24| 16.08| +0%| 105| |Jan26 Brent Crude Oil(ICE) | 29.98| 34.39| 43.77| 29.72| 15.67| +0%| 133| |Dec25 RBOB Gasoline(NYM) | 30.96| 34.67| 44.00| 30.90| 17.79| +0%| 134| |Oct25 Soybean Oil(CBOT) | 27.42| 39.70| 44.51| 27.93| 11.35| -1%| 74| |Sep25 Crude Oil(NYM) | 32.99| 48.43| 47.90| 33.60| 19.30| -1%| 32| |Oct25 Crude Oil(NYM) | 32.63| 45.09| 47.57| 33.09| 18.62| -1%| 65| |Nov25 Brent Crude Oil(ICE) | 30.16| 39.11| 44.94| 30.76| 16.58| -1%| 72| |Aug25 RBOB Gasoline(NYM) | 32.45| 37.30| 46.57| 32.93| 19.29| -1%| 14| |Oct25 RBOB Gasoline(NYM) | 31.31| 36.71| 45.75| 32.10| 18.44| -2%| 73| |Nov25 RBOB Gasoline(NYM) | 30.83| 35.86| 44.95| 31.51| 18.06| -2%| 106| |Sep25 Soybean Oil(CBOT) | 26.55| 40.00| 43.84| 27.60| 11.37| -3%| 39| |Dec25 Silver(CMX) | 28.74| 23.10| 38.94| 29.82| 20.71| -3%| 134| |Sep25 Silver(CMX) | 28.59| 23.30| 39.05| 29.96| 20.88| -4%| 43| |Oct25 Brent Crude Oil(ICE) | 29.86| 41.96| 45.34| 31.22| 17.11| -4%| 42| |Oct25 Feeder Cattle(CME) | 15.43| 18.65| 20.49| 16.24| 12.00| -5%| 108| |Aug25 Live Cattle(CME) | 15.04| 19.30| 20.19| 16.05| 11.91| -6%| 18| |Feb26 Lean Hogs(CME) | 20.93| 18.47| 31.85| 22.27| 12.69| -6%| 214| |Aug25 Soybean Oil(CBOT) | 25.13| 40.16| 43.44| 27.50| 11.56| -8%| 11| |Sep25 EuroFX(CME) | 7.71| 5.94| 11.41| 8.43| 5.44| -8%| 53| |Sep25 Brent Crude Oil(ICE) | 29.01| 44.93| 45.61| 31.72| 17.84| -8%| 11| |Aug25 Gold(CMX) | 15.06| 14.09| 23.69| 16.73| 9.78| -9%| 14| |Dec25 London Sugar(LCE) | 19.99| 26.66| 29.05| 22.01| 14.97| -9%| 110| |Dec25 Lean Hogs(CME) | 22.43| 22.56| 36.00| 25.47| 14.94| -11%| 151| |Sep25 Australian Dollar(CME) | 9.28| 9.72| 13.94| 10.50| 7.07| -11%| 53| |Sep25 New Zealand Dollar(CME) | 9.28| 9.47| 13.90| 10.51| 7.12| -11%| 53| |Oct25 London Sugar(LCE) | 20.99| 28.99| 31.39| 23.63| 15.88| -11%| 49| |Sep25 Feeder Cattle(CME) | 14.70| 18.72| 21.10| 16.76| 12.42| -12%| 73| |Oct25 Lean Hogs(CME) | 22.71| 22.01| 35.58| 26.48| 17.38| -14%| 92| |Mar26 Sugar #11(ICE) | 21.63| 29.63| 32.72| 25.81| 18.90| -16%| 217| |Sep25 NASDAQ 100 E-Mini(CME) | 17.77| 49.04| 37.85| 21.62| 5.40| -17%| 67| |Sep25 British Pound(CME) | 7.86| 7.77| 18.76| 10.17| 1.58| -22%| 53| |Oct25 Sugar #11(ICE) | 23.26| 33.77| 37.62| 29.87| 22.13| -22%| 63| |Aug25 Feeder Cattle(CME) | 13.31| 18.54| 22.17| 17.54| 12.92| -24%| 45| |Oct25 Cotton(ICE) | 20.34| 12.96| 38.64| 27.74| 16.84| -26%| 60| |Sep25 Canadian Dollar(CME) | 5.47| 6.17| 9.70| 7.54| 5.37| -27%| 53| |Dec25 Wheat(KCBT) | 24.04| 29.33| 45.13| 34.69| 24.24| -30%| 130| |Mar26 Wheat(KCBT) | 22.71| 27.79| 43.56| 33.27| 22.97| -31%| 221| |Sep25 Wheat(KCBT) | 24.78| 30.69| 47.01| 36.50| 25.99| -32%| 39| |Mar26 Wheat(CBOT) | 22.70| 28.41| 44.41| 34.28| 24.15| -33%| 221| |Dec25 Wheat(CBOT) | 23.62| 30.01| 46.96| 36.36| 25.76| -35%| 130| |Dec25 Cotton(ICE) | 17.17| 12.88| 39.36| 26.67| 13.99| -35%| 116| |Aug25 Lean Hogs(CME) | 17.86| 19.17| 35.41| 27.94| 20.47| -36%| 31| |Sep25 Wheat(CBOT) | 24.73| 31.86| 50.21| 38.82| 27.42| -36%| 39| |Aug25 Class III Milk(CME) | 14.77| 21.93| 31.60| 23.37| 15.13| -36%| 50| |Mar26 Cotton(ICE) | 15.97| 12.36| 39.09| 25.55| 12.00| -37%| 214| |Aug25 Soybeans(CBOT) | 14.70| 19.19| 37.31| 26.40| 15.49| -44%| 11| |Sep25 Soybeans(CBOT) | 15.56| 19.55| 39.47| 27.99| 16.52| -44%| 39| |Sep25 Soybean Meal(CBOT) | 15.76| 17.06| 38.19| 28.56| 18.94| -44%| 39| |Aug25 Soybean Meal(CBOT) | 15.08| 17.82| 37.33| 27.71| 18.09| -45%| 11| |Mar26 Soybeans(CBOT) | 13.74| 17.49| 35.81| 25.85| 15.88| -46%| 221| |Mar26 Soybean Meal(CBOT) | 14.70| 14.82| 36.06| 27.86| 19.67| -47%| 221| |Nov25 Soybeans(CBOT) | 14.71| 19.45| 39.52| 28.40| 17.28| -48%| 102| |Jan26 Soybeans(CBOT) | 14.23| 18.63| 38.71| 27.80| 16.89| -48%| 165| |Oct25 Soybean Meal(CBOT) | 14.73| 16.85| 39.39| 29.90| 20.40| -50%| 74| |Dec25 Soybean Meal(CBOT) | 14.90| 16.61| 39.70| 30.40| 21.11| -50%| 130| |Jan26 Soybean Meal(CBOT) | 14.62| 16.04| 38.91| 29.73| 20.55| -50%| 165| |Sep25 Corn(CBOT) | 19.74| 25.92| 51.09| 39.76| 28.43| -50%| 39| |Dec25 Corn(CBOT) | 17.78| 24.28| 51.18| 39.28| 27.37| -54%| 130| |Mar26 Corn(CBOT) | 16.73| 22.65| 49.30| 37.39| 25.49| -55%| 221| |Jul25 Class III Milk(CME) | 5.03| 17.37| 24.93| 17.64| 10.35| -71%| 15| \==================================================================================/ 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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