Below is a graph portraying 4 different measures for the JUL16WMAZ volatility. White maize volatility climbed an average of 5.5% over the past month, as taken from April 11th, with published volatility climbing 4.5% and our average measure of 20-day volatility climbing 5.76%. Futures and option traders alike stepped into the ring to get some of the action. The spike in ‘volz’ comes especially from the price surge of more than R200 in the underlying over the past week.
