Weather Products

From heat waves to arctic cold outbreaks, weather often has a significant impact on business.  CME Group’s temperature-based index futures and options provide the tools to help you manage weather-related risk.

Key Benefits

  • Centralized clearing and counterparty credit guaranteed through CME Clearing
  • Access to unique tools for managing price risk due to weather
  • Global access to a broad array of futures and options contracts virtually around the clock via CME Globex
  • Learn more about our global temperature-based indexes
  • Download the CME Group Weather Fact Card

Managing Climate Risk in the US Financial System

Report of the Climate-Related Market Risk Subcommittee, Market Risk Advisory Committee of the US Commodity Futures Trading Commission

Read the 2020 report

Managing Climate Risk with CME Group Weather Futures and Options

Read the article now

Weather Products

A degree day is a measure of how much a day’s average temperature deviates from 65 degrees Fahrenheit (18 degrees Celsius), a baseline selected by utility companies since furnaces and air conditioners are turned on above and below this benchmark.

HEATING (HDD) FUTURES AND OPTIONS

CITY CODE

NOV-MAR STRIP

DEC-FEB STRIP

Atlanta

H1

H1X

H1Z

Chicago

H2

H2X

H2Z

Cincinnati

H3

H3X

H3Z

New York 

H4

H4X

H4Z

Dallas

H5

H5X

H5Z

Las Vegas

H0

H0X

H0Z

Minneapolis

HQ

HQX

HQZ

Sacramento

HS

HSX

HSZ

Portland

H7

H7X

H7Z

London

D0

D0X

D0Z

Amsterdam

D2

D2X

D2Z

Tokyo

G6

G6X

G6Z

A degree day is a measure of how much a day’s average temperature deviates from 65 degrees Fahrenheit (18 degrees Celsius), a baseline selected by utility companies since furnaces and air conditioners are turned on above and below this benchmark.

COOLING (CDD) FUTURES AND OPTIONS

CITY CODE

MAY-SEP STRIP

JUL-AUG STRIP

Atlanta

K1

K1K

K1N

Chicago

K2

K2K

K2N

Cincinnati

K3

K3K

K3N

New York

K4

K4K

K4N

Dallas

K5

K5K

K5N

Las Vegas

K0

K0K

K0N

Minneapolis

KQ

KQK

KQN

Sacramento

KS

KSK

KSN

Portland

K7

K7K

K7N

London

G0

G0K*

G0N*

Amsterdam

G2

G2K*

G2N*

Tokyo

G6

G6K*

G6N*

*Please refer to Cumulative Average Temperature (CAT) tab

The CME Cumulative Average Temperature (CAT) Index is the accumulation of daily average temperatures over a calendar month, with the accumulation period beginning on the first calendar day of the contract month and ends with the last day of the contract calendar month. These contracts are available from May through September, allowing businesses to hedge against monthly volatility by tracking average daily temperature in a given city.

CAT FUTURES AND OPTIONS

CITY CODE

MAY-SEP STRIP

JUL-AUG STRIP

London

G0

G0K

G0N

Amsterdam

G2

G2K

G2N

Tokyo

G6

G6K

G6N

Industry Links

WRMA The Weather Risk Management Association's mission mission is to enhance public awareness and understanding of the weather risk environment, promote the management of weather risk, and provide a platform for market participants to engage in the growth of the industry through market, policy, and regulatory developments.
Visit WRMA

MDA EarthSat is the premier source of specialized weather products for global weather risk analysis. Users of these products include such varied industries as energy, food, retail, insurance, banking, and government. Our products appeal to anyone who must manage and minimize their weather risk.
Visit MDA EarthSat

Speedwell Weather is a UK-based firm that provides world-wide weather data, forecasts, software and consulting services to the energy and weather derivative markets.  The firm is a recognized leader in the weather markets, with a strong following in Europe and a growing presence in other parts of the globe.
Visit Speedwell Weather

Contact Us

Leah Loguidice
Energy Products and Services
+1 212-299-2224

Chad Britnell
Research and Product Development
+1 212-299-2062

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