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Weather hedging: Chicago mercantile exchange weather futures prices. (Marketplace).(Illustration)

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| October 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 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 ...
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