The Most Volatile Commodity

Written By James Lightbourn

Mirror, mirror on the wall, who's the most volatile commodity of them all?

Despite recent the parabolic price action in cocoa and a resurgent bitcoin, the answer is still Capesize freight rates.

Implied volatility for May 2024 futures contracts:

- Capesize Freight = 101%

- Cocoa = 84%

- Bitcoin = 74%

- Natural Gas = 56%

- WTI Crude Oil = 25%

James Lightbourn
Previous

Bullish Capesize Market
Next

Hanwha Acquires Austal