About CME Seasonal Strip Snowfall Futures

CME Seasonal Strip Snowfall futures allow investors to trade up to six months (but no less than two) of snowfall contracts in one trade. Snowfall futures and options began trading in March 2006. CME Seasonal Strips Snowfall are based on the winter season (November - April).

The CME Snowfall index defines daily snowfall as the total snowfall recorded at a particular location between 12:01 a.m. and 12:00 p.m. midnight, as reported by Earth Satellite Corporation (EarthSat). Trace amounts of daily snowfall will be considered to be zero.

Monthly snowfall is defined as the sum of daily snowfall values for a particular location for a calendar month. The accumulation period for each contract begins with the first calendar day of the contract month and ends with the last calendar day of the contract month.

For information on CME Weather Block trading click here.