CME Weather Futures and Options prices chart : Monthly Weather Heating Degree Day (HDD) and Monthly Weather Cooling Degree Day (CDD)
US Monthly Weather Heating Degree Day (HDD) and US Monthly Weather Cooling Degree Day (CDD) Contract Specs :
CME Group’s temperature-based index futures.
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.
PRODUCT CODE: Weather Product Codes (below)
CONTRACT UNIT: $20 times the respective CME Degree Days (HDD) Index
PRICE QUOTATION: Dollars per index point
MINIMUM PRICE FLUCTUATION: 1 index point (= $20 per contract)
SETTLEMENT METHOD: Financially Settled
LISTED CONTRACTS: HDD: Nov, Dec, Jan, Feb, Mar plus Oct and Apr
SETTLEMENT PROCEDURES: Monthly Weather Settlement Procedures
TRADING HOURS:
(1) Sunday 5:00 p.m. - Friday 3:15 p.m.
(2) Daily trading halts 3:15 p.m. - 5:00 p.m.
CME Weather Futures and Options Codes