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Weather Hedging: Chicago Mercantile Exchange Weather Futures Prices
Each Degree Day valued at $100 per contract
Cooling Deegree Days Heating Degree Days
Location Aug Sep Oct Nov Dec
Atlanta, GA 472 272 120 355 600
Chicago, IL 252 83 380 735 1085
Cincinnati, OH 387 115 310 610 920
Dallas, TX 610 385 75 315 550
Des Moines, IA 245 113 65 770 1180
Las Vegas, NV 794 510 46 290 540
New York, NY 419 165 220 75 760
Philadelphia, PA 450 165 245 510 910
Portland, OR 144 68 320 550 730
Tucson, AZ 653 530 40 175 390
The above values are CME settlement prices as of September 1, 2002. For
information about CME weather futures, visit www.cme.com or 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 ...