This is self-explanatory.
Weather futures are sensitive to forecast changes. As the May temperature outlook in Cinvinnati (CVG) moved warmer, CME traders pushed up the value from $1,260 to $2,060 in 30 days. The more traditional futures (grains, energy and stock indexes) showed less movement in percentage terms during the time period. All the attention on the rising stock market was based on a 5.4% increase in the DJIA while CVG CCD contracts had a 63.5% rise.
Kind of a nothing blurb. Who are they kidding? It's still a guessing game for the speculator. Now the hedger, that's different.
