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Weekly Weather 
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This product is geared to average weekly temperatures throughout the entire year in designated U.S. cities. It provides a way to:

  • Hedge short-term intra-monthly weather risk
  • Protect business revenues related to depressed demand or excessive costs because of unexpected or unfavorable weather conditions
  • Accept weather risks in return for possible profit


Learn How to Electronically Submit CME Group Weather Blocks at www.cmegroup.com/pivot

You can trade U.S. Weekly Weather futures on the following cities:

Atlanta Detroit New York
Baltimore Houston Philadelphia
Boston Jacksonville Portland
Chicago Kansas City Raleigh
Cincinnati Las Vegas Sacramento
Colorado Spring Little Rock Salt Lake City
Dallas Los Angeles Tucson
Des Moines Minneapolis-St. Paul Washington, D.C.

 

Things to know:

  • The weekly contracts differ from the monthly and seasonal strip contracts
    • They are based on a week's average temperature rather than degree days
    • The weekly contract covers the period 12:01 a.m. Monday through 12:00 a.m. midnight Friday.
  • We list four (4) weekly contracts (Monday thru Friday) at a time
    • Cash-settled on the following business day
    • Settled to a Weekly Average Temperature Index
  • Traded electronically on the CME Globex platform
    • Accessible around the clock, around the world
    • Complete price transparency and anonymity
  • Block trades available
  • CME Clearing clears and settles all trades and guarantees counterparty creditworthiness
    • Settlement is 2 business days following expiration
    • Cash-settled