The Most Volatile Commodity
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%
