June 2026 Record-Heat Contract Holds at 38.5% After Crash to 13%
At 38.5% on May 29, the June 2026 hottest-on-record market has bounced from a 13% floor as neutral ENSO mutes the European heat read-across.
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The June 2026 hottest-on-record contract sits at 38.5% as of May 29, recovering from a wild 24-hour session that opened at 0.39, spiked to a high of 0.54, collapsed to a floor of 0.13, and settled back to 0.385. The $2,054 in 24-hour volume — virtually all of this three-day-old market's $2,083 in lifetime volume — was driven by two opposing players with sharply different reads on whether a searing European May can carry into a record-breaking global June.
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