The article explores different strategies for managing volatility in commodity futures markets, but finds that these strategies do not significantly improve portfolio performance. The researchers also investigate forecasting models for volatility risk premium and find that adjusting model-free implied volatility leads to more accurate forecasts. Additionally, the study shows a positive relationship between interest rate shocks and variance risk premium changes, with short-term variance risk premiums responding more to timing surprises. Investors may require more compensation due to downside risk associated with Federal Reserve announcements.