The Volatility of the May Future in the Beans

Nearly 25,000 of these things have gone up this week and they've been pretty active All week long 5,600 on monday 5,000 exactly on tuesday 7700 yesterday 6300 today looks like opening all weeklong. The beans not a bastion for volatility one of the few products that's kind of outside of that range Of the usually see in the low 20s to high 30s of course If you look at equity vol right now vix hitting the 16 as well So maybe 16 is the new 20 out there from a vol perspective listeners.