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Weather Hedging:
Chicago Mercantile Exchange Weather Futures Prices
Each Degree Day valued at $100
Cooling Degree Days
Location May June July Aug Sep
Atlanta, GA 156 365 490 440 255
Chicago, IL 35 150 270 220 85
Cincinnati, OH 54 215 310 275 110
Dallas, TX 230 485 660 635 395
Des Moines, IA 51 200 310 265 105
Las Vegas, NV 338 625 795 805 515
New York, NY 43 230 375 355 165
Philadelphia, PA 71 275 385 350 165
Portland, OR 1 40 150 150 65
Tucson, AZ 335 605 695 655 530
The above values are CME settlement prices as of June 1, 2002.
For information about CME weather futures, visit www.cme.com
Definition of Weather Futures: The Chicago Mercantile Exchange lists futures and options contracts based on me cumulative monthly heating/cooling degree days in each of ten U.S. cities. The point value of each weather contract is $100 per ...