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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 ...