There is still some futures volume in the pits - but the majority of that volume are combo orders where there are options and futures done on the same ticket. Locals really like these type of trades because they can get some pretty good business while still remaining hedged to a certain extent. As for options - the options pit is where the business is. This is something that really hasn't (and won't in my opinion) ever make it 100% fully to the screen. Just look at the volume difference between the electronic options and the pit. It's huge. You can not get a good sense of volatility on the screen. You can in the pit though. I really wouldn't compare corn to S&P futures. The fact that they have the same tick size is pretty irrelevant. Corn and beans are very seasonal and actually trade showing a pretty large tilt to seasonality supply and demand issues. Like now - those markets are trading weather. What were they trading last year? The fact that there wasn't any corn - so the market was backwards. And a lot of those factors have carried over this year. If you think you're just going to trade corn - what contract month are you going to trade? If you trade old crop corn contracts, you're trading against basis traders. If you're trading new crop contracts, you're trading against the production side of the business. Not worth it in my opinion for the retail trader unless you're willing to take on a lot of risk.