Website charts: https://www.mrci.com/client/options MRCI's Implied Volatility Data as of Friday January 02, 2026 /==================================================================================\ | Contract | IV | HV | +1SD | CTHV | -1SD |IV+-% |D2EX| |==============================|=======|=======|=======|=======|=======|======|====| |Mar26 Japanese Yen(CME) | 70.70| 7.31| 13.21| 8.73| 4.26| +709%| 63| |Mar26 Orange Juice(ICE) | 62.10| 73.81| 37.16| 29.00| 20.85| +114%| 35| |May26 Orange Juice(ICE) | 53.74| 70.35| 35.25| 27.62| 20.00| +94%| 91| |Mar26 Silver(CMX) | 58.09| -1.00| 40.21| 30.33| 20.46| +91%| 52| |Jul26 Orange Juice(ICE) | 46.49| 68.25| 33.59| 26.32| 19.05| +76%| 154| |May26 Silver(CMX) | 52.60| -1.00| 40.12| 30.24| 20.37| +73%| 115| |Aug26 Feeder Cattle(CME) | 19.73| 13.93| 17.42| 11.47| 5.52| +72%| 237| |Aug26 Live Cattle(CME) | 16.85| 9.93| 14.10| 9.97| 5.84| +69%| 217| |May26 Class III Milk(CME) | 18.62| 11.10| 15.30| 11.02| 6.74| +68%| 151| |May26 Copper(CMX) | 30.65| 34.33| 23.23| 18.53| 13.83| +65%| 115| |Mar26 Copper(CMX) | 30.44| 34.71| 23.49| 18.83| 14.17| +61%| 52| |Jun26 Live Cattle(CME) | 16.92| 10.15| 14.65| 10.56| 6.47| +60%| 154| |Mar26 London Cocoa(LCE) | 41.62| 48.69| 42.65| 26.13| 9.61| +59%| 56| |Mar26 Cocoa(ICE) | 47.10| 44.90| 46.22| 29.97| 13.72| +57%| 35| |Sep26 Corn(CBOT) | 20.12| 8.42| 16.78| 12.90| 9.03| +55%| 231| |May26 Feeder Cattle(CME) | 19.36| 14.21| 18.46| 12.55| 6.64| +54%| 146| |May26 Cocoa(ICE) | 43.77| 44.19| 44.27| 28.60| 12.92| +53%| 91| |May26 London Cocoa(LCE) | 36.53| 47.75| 40.56| 24.35| 8.14| +50%| 118| |Aug26 Lean Hogs(CME) | 17.73| 7.96| 14.26| 11.86| 9.45| +49%| 224| |Jul26 London Cocoa(LCE) | 34.38| 46.55| 39.18| 23.07| 6.95| +49%| 179| |Jul26 Cocoa(ICE) | 40.75| 42.49| 42.80| 27.49| 12.18| +48%| 154| |Apr26 Feeder Cattle(CME) | 18.97| 14.39| 19.03| 13.14| 7.25| +44%| 118| |Sep26 Cocoa(ICE) | 38.18| 41.29| 41.80| 26.60| 11.41| +43%| 217| |Apr26 Class III Milk(CME) | 18.40| 12.60| 17.15| 12.84| 8.52| +43%| 116| |Jul26 Lean Hogs(CME) | 18.01| 9.10| 15.63| 12.74| 9.84| +41%| 193| |Apr26 Live Cattle(CME) | 16.49| 10.94| 16.75| 11.85| 6.95| +39%| 91| |Oct26 Soybean Oil(CBOT) | 23.22| 14.47| 22.01| 17.56| 13.11| +32%| 266| |Mar26 Feeder Cattle(CME) | 18.39| 14.67| 19.82| 13.97| 8.12| +31%| 83| |Sep26 Soybean Oil(CBOT) | 23.17| 14.71| 22.41| 17.77| 13.13| +30%| 231| |Sep26 Wheat(CBOT) | 24.92| 11.13| 24.17| 19.14| 14.12| +30%| 231| |Jun26 Lean Hogs(CME) | 18.62| 10.40| 17.55| 14.35| 11.14| +29%| 161| |Aug26 Soybean Oil(CBOT) | 23.23| 15.07| 22.84| 18.13| 13.42| +28%| 203| |Sep26 Wheat(KCBT) | 25.55| 13.01| 25.20| 19.82| 14.44| +28%| 231| |Jul26 Soybean Oil(CBOT) | 23.23| 15.57| 23.48| 18.54| 13.61| +25%| 175| |May26 Soybean Oil(CBOT) | 23.73| 16.19| 24.34| 19.10| 13.86| +24%| 112| |Jul26 Corn(CBOT) | 18.18| 10.83| 18.31| 14.60| 10.89| +24%| 175| |May26 Natural Gas(NYM) | 50.10| 53.64| 55.66| 40.39| 25.12| +24%| 115| |Apr26 Natural Gas(NYM) | 53.79| 58.16| 59.37| 43.60| 27.84| +23%| 83| |Jun26 NY Harbor ULSD(NYM) | 28.60| 18.71| 33.32| 23.38| 13.44| +22%| 144| |Jun26 RBOB Gasoline(NYM) | 28.49| 17.23| 33.32| 23.25| 13.18| +22%| 144| |May26 NY Harbor ULSD(NYM) | 29.14| 19.97| 34.58| 24.08| 13.58| +21%| 115| |Feb26 Natural Gas(NYM) | 74.69| 73.94| 84.94| 61.29| 37.65| +21%| 25| |May26 Lean Hogs(CME) | 19.43| 12.73| 19.56| 16.11| 12.67| +20%| 132| |May26 RBOB Gasoline(NYM) | 28.37| 17.29| 33.76| 23.64| 13.52| +20%| 115| |Jun26 Natural Gas(NYM) | 46.06| 47.23| 52.53| 38.22| 23.90| +20%| 144| |Jul26 Natural Gas(NYM) | 43.90| 41.65| 50.07| 36.41| 22.76| +20%| 174| |Sep26 Coffee "C"(ICE) | 34.99| 24.46| 37.06| 29.08| 21.11| +20%| 224| |Mar26 Soybean Oil(CBOT) | 23.61| 16.83| 25.59| 19.83| 14.06| +19%| 49| |Jul26 Wheat(CBOT) | 24.16| 11.89| 25.54| 20.20| 14.86| +19%| 175| |Jul26 Wheat(KCBT) | 24.85| 13.65| 26.36| 20.81| 15.26| +19%| 175| |Mar26 2 Year T-Notes(CBOT) | 1.23| 0.80| 1.74| 1.04| 0.35| +17%| 49| |Jul26 Crude Oil(NYM) | 30.01| 20.25| 39.12| 25.76| 12.39| +16%| 166| |Jul26 Coffee "C"(ICE) | 34.86| 24.82| 37.87| 29.83| 21.78| +16%| 161| |Apr26 NY Harbor ULSD(NYM) | 28.72| 21.26| 35.87| 24.79| 13.71| +15%| 83| |Feb26 Live Cattle(CME) | 15.74| 12.50| 18.67| 13.71| 8.75| +14%| 35| |Nov26 Soybeans(CBOT) | 14.25| 8.82| 15.50| 12.40| 9.30| +14%| 294| |Apr26 RBOB Gasoline(NYM) | 27.64| 17.58| 34.38| 24.17| 13.96| +14%| 83| |Jul26 RBOB Gasoline(NYM) | 26.34| 17.21| 33.10| 23.02| 12.94| +14%| 174| |May26 Coffee "C"(ICE) | 34.82| 25.13| 38.67| 30.50| 22.33| +14%| 98| |Jun26 Crude Oil(NYM) | 30.00| 20.99| 40.00| 26.44| 12.87| +13%| 133| |Mar26 NY Harbor ULSD(NYM) | 28.35| 22.51| 37.22| 25.50| 13.79| +11%| 53| |Oct26 Soybean Meal(CBOT) | 16.86| 11.03| 19.38| 15.22| 11.06| +10%| 266| |May26 Corn(CBOT) | 16.83| 12.02| 18.98| 15.23| 11.48| +10%| 112| |Mar26 Class III Milk(CME) | 17.32| 17.05| 19.75| 15.68| 11.61| +10%| 88| |Sep26 Soybeans(CBOT) | 14.62| 9.22| 16.25| 13.38| 10.50| +9%| 231| |May26 Crude Oil(NYM) | 29.60| 21.65| 40.99| 27.21| 13.44| +8%| 104| |Jan26 Feeder Cattle(CME) | 15.04| 14.37| 19.87| 13.99| 8.10| +7%| 27| |Mar26 Natural Gas(NYM) | 59.78| 68.04| 76.90| 55.66| 34.42| +7%| 53| |May26 Wheat(KCBT) | 23.35| 14.90| 27.81| 22.01| 16.21| +6%| 112| |Apr26 Lean Hogs(CME) | 20.20| 15.39| 24.68| 19.39| 14.10| +4%| 102| |May26 Wheat(CBOT) | 22.69| 13.00| 27.63| 21.75| 15.87| +4%| 112| |May26 Brent Crude Oil(ICE) | 26.84| 20.87| 37.69| 25.71| 13.72| +4%| 82| |Sep26 Soybean Meal(CBOT) | 16.96| 11.15| 20.63| 16.38| 12.14| +3%| 231| |Apr26 Crude Oil(NYM) | 28.98| 22.20| 41.92| 27.98| 14.05| +3%| 74| |Mar26 Corn(CBOT) | 16.33| 12.50| 19.64| 15.86| 12.09| +2%| 49| |Feb26 NY Harbor ULSD(NYM) | 27.10| 24.19| 39.03| 26.39| 13.76| +2%| 25| |Mar26 Coffee "C"(ICE) | 31.98| 24.91| 39.66| 31.31| 22.97| +2%| 41| |Mar26 New Zealand Dollar(CME) | 9.67| 5.11| 12.10| 9.57| 7.03| +1%| 63| |Aug26 Soybeans(CBOT) | 14.71| 10.18| 17.47| 14.70| 11.92| +0%| 203| |Mar26 RBOB Gasoline(NYM) | 27.59| 20.33| 39.38| 27.73| 16.08| +0%| 53| |Apr26 Brent Crude Oil(ICE) | 26.06| 21.51| 38.64| 26.37| 14.10| -1%| 52| |Aug26 Soybean Meal(CBOT) | 17.07| 11.57| 21.88| 17.46| 13.04| -2%| 203| |Mar26 Crude Oil(NYM) | 27.98| 22.96| 42.73| 28.67| 14.61| -2%| 46| |Mar26 5-Year T-Notes(CBOT) | 2.95| 2.03| 4.54| 3.10| 1.67| -4%| 49| |Aug26 London Sugar(LCE) | 19.21| 16.68| 30.55| 20.39| 10.23| -5%| 180| |Mar26 S & P 500 E-Mini(CME) | 13.37| 8.89| 21.45| 14.23| 7.01| -6%| 77| |Feb26 RBOB Gasoline(NYM) | 27.00| 20.99| 40.70| 28.90| 17.11| -6%| 25| |Jul26 Soybean Meal(CBOT) | 17.23| 12.09| 23.11| 18.54| 13.98| -7%| 175| |Jul26 Sugar #11(ICE) | 21.15| 19.52| 33.72| 22.83| 11.93| -7%| 164| |Mar26 Wheat(KCBT) | 20.85| 15.69| 28.90| 22.87| 16.84| -8%| 49| |Mar26 Brent Crude Oil(ICE) | 24.83| 22.25| 39.65| 27.08| 14.51| -8%| 24| |Jul26 Soybeans(CBOT) | 13.93| 10.78| 18.22| 15.47| 12.72| -9%| 175| |Feb26 Crude Oil(NYM) | 26.70| 23.56| 43.55| 29.40| 15.26| -9%| 13| |Mar26 Wheat(CBOT) | 20.43| 14.52| 29.26| 23.00| 16.74| -11%| 49| |May26 London Sugar(LCE) | 19.41| 17.69| 32.91| 22.15| 11.39| -12%| 89| |Mar26 10-Year T-Notes(CBOT) | 4.33| 2.95| 7.14| 5.05| 2.97| -14%| 49| |Mar26 Australian Dollar(CME) | 7.96| 4.85| 11.93| 9.31| 6.68| -14%| 63| |Mar26 NASDAQ 100 E-Mini(CME) | 18.42| 38.57| 44.35| 22.12| -0.12| -16%| 77| |Mar26 30-Year T-Bonds(CBOT) | 8.53| 5.87| 13.59| 10.20| 6.81| -16%| 49| |May26 Sugar #11(ICE) | 21.28| 21.40| 37.48| 25.41| 13.34| -16%| 103| |Jul26 Cotton(ICE) | 14.38| 6.51| 25.11| 17.39| 9.68| -17%| 154| |Mar26 London Sugar(LCE) | 19.14| 18.66| 33.70| 23.08| 12.47| -17%| 30| |May26 Soybeans(CBOT) | 12.89| 11.53| 18.63| 15.95| 13.28| -19%| 112| |May26 Soybean Meal(CBOT) | 15.93| 12.87| 24.54| 19.70| 14.85| -19%| 112| |Mar26 US Dollar Index(ICE) | 5.53| 3.33| 9.20| 6.87| 4.53| -19%| 63| |Mar26 Sugar #11(ICE) | 22.32| 23.01| 41.52| 27.89| 14.26| -19%| 45| |Mar26 Soybeans(CBOT) | 12.38| 12.19| 19.02| 16.36| 13.70| -24%| 49| |Mar26 Soybean Meal(CBOT) | 15.88| 13.10| 26.20| 21.04| 15.87| -24%| 49| |Feb26 Class III Milk(CME) | 14.53| 21.09| 24.31| 19.22| 14.12| -24%| 60| |Mar26 British Pound(CME) | 6.05| 3.71| 10.28| 8.39| 6.49| -27%| 63| |Mar26 Canadian Dollar(CME) | 4.69| 4.02| 7.91| 6.68| 5.46| -29%| 63| |Mar26 EuroFX(CME) | 5.32| 3.21| 10.57| 7.77| 4.98| -31%| 63| |Feb26 Lean Hogs(CME) | 16.46| 16.74| 32.84| 24.39| 15.94| -32%| 42| |May26 Cotton(ICE) | 12.73| 7.10| 26.26| 18.83| 11.40| -32%| 98| |Mar26 Cotton(ICE) | 11.15| 7.37| 28.21| 20.38| 12.55| -45%| 42| |Jan26 Class III Milk(CME) | 4.80| 19.61| 25.72| 20.47| 15.22| -76%| 32| \==================================================================================/ 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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