CME Group

Oil prices fell below $80 per barrel in November amid China's tough COVID-19 restrictions, underscoring the country's importance in the energy market. Scan the above QR code for more expert analysis of market events and trends driving opportunities today! Image sourced from Shutterstock...

Between April 1995 and August 1998, the yen (JPY) fell by nearly 50% versus the U.S. dollar (USD). It then reversed course, gradually at first, and then suddenly. In a 48-hour period between October 6- 8 in 1998, JPY gained 17% versus USD. The proximate cause of JPYUSD’s spike higher was the...

Between April 1995 and August 1998, the yen (JPY) fell by nearly 50% versus the U.S. dollar (USD). It then reversed course, gradually at first, and then suddenly. In a 48-hour period between October 6- 8 in 1998, JPY gained 17% versus USD. The proximate cause of JPYUSD’s spike higher was the...

Setting interest rates at 2% instead of nearly zero could provide the Fed with room to tackle unexpected economic setbacks.

CME Group Fertilizer Swaps and Futures In 1H 2022, the suite saw an average of over 13,000 tons traded per day. The first quarter of 2022 was a record quarter for Urea U.S. Gulf futures, with the total traded volume being over 680,000 tons. So far this year, Urea U.S. Gulf...

AT A GLANCE After each economic disruption from 1982 through 2020, the Fed has taken federal funds to a lower low The housing market and equities were the risk assets that primarily benefited from near zero rates and QE, and they are the ones having to reset the most as the Fed withdraws...

AT A GLANCE The estimated cost of a Thanksgiving meal is 20% higher than a year ago Supply chain issues, cases of avian flu and rising inflation are among factors impacting the prices of Thanksgiving food staples How much is Thanksgiving going to cost us in 2022? It may come as no surprise, but...

AT A GLANCE Energy firm U.S. Venture taps the carbon futures market to hedge forecasted emissions for clients, as well as securing carbon credits for their own needs Standardization through futures “gives end users confidence in using voluntary carbon credits as part of their...

AT A GLANCE U.S. CPI inflation has moderated from 9.1% in June to 7.7% in October The labor market remains very tight, with average hourly earnings still growing by nearly 5% per year Is inflation finally beginning to moderate?  During the past year and a half, inflation has soared around...

Consumer prices have been moderating amid a decline in energy prices, but core inflation has only come down marginally.

Futures and options are signaling a risk of higher prices for wheat amid the Russia-Ukraine conflict, and flat-to-weaker prices for corn and soybean. Scan the above QR code for more expert analysis of market events and trends driving opportunities today!

AT-A-GLANCE Wheat futures are in contango whereas corn & soy futures are flat or in backwardation Implied volatility (CVOL) for wheat is 2x as high as CVOL for corn or soybeans Upside skewness is also much greater in wheat options than in corn or soy The Black Sea remains the preeminent...

  AT A GLANCE   Feed and labor costs continue to rise, and many in the pork industry are turning to lean hog or pork cutout futures to manage risk   Non-feed variable costs have risen 28% for producers in 2022   Brian Oswalt is accustomed to price volatility when it comes to...

AT A GLANCE The futures curves for crude oil, gasoline and ultra-low sulfur diesel are in backwardation CME Group’s CVOLTM Index for crude, gasoline and ULSD is showing that implied volatility is roughly twice its pre-pandemic level, suggesting that traders aren’t too confident in...

There’s no longer such a thing as a “one-size-fits-all” volatility measure (if there ever was), and the extreme market circumstances of the past two years underscored that point for traders such as Scott Bauer. The COVID-19 pandemic, soaring inflation and the Federal Reserve...