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Weather Hedging: Chicago Mercantile Exchange Weather Futures Prices. (Marketplace: Statistics, Trends and Energy Data).(Brief Article)

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| September 01, 2002 | COPYRIGHT 2002 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
 
Weather Hedging: 
 
Chicago Mercantile Exchange Weather Futures Prices 
 
Each Degree Day valued at $100 per contract 
 
                       Cooling Degree Days        HDDs 
 
Location         July       Aug       Sep       Oct 
 
Atlanta GA       477        470       272       120 
Chicago IL       376        305        83       380 
Cincinnati OH    407        355       115       310 
Dallas TX        564        600       385        75 
Des Moines IA    408        355       113       365 
Las Vegas NV     908        795       510        55 
New York NY      450        365       165       220 
Philadelphia PA  453        403       165       245 
Portland OR      159        120        68       320 
Tucson AZ        681        640       530        40 
 
The above values are CME settlement prices as of Aug 1, 2002. For 
information about CME weather futures, visit www.cme.com or contact 
Felix Carabello at 312-634-1585, fcarabel@cme.com. 
 
Definition of Weather Futures: The Chicago Mercantile Exchange lists 
futures and options contracts based on the cumulative monthly 
heating/cooling degree days in each of ten U.S. cities. The point value 
of each weather contract is $100 per degree day. In order for energy  ...
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