Research: Ag Markets Appear Unprepared for La Niña

View in your browser

Options Markets Complacent Ahead of La Niña

By Erik Norland, Senior Economist, CME Group


  • La Niña on the horizon but grain markets seem unperturbed
  • Options implied volatility is at or near record lows for grains
  • La Niña associated with high volatility and bearish sentiment