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The futures for Dallas Heating Degree days for July 2022 are trading around 6.83
But Dallas is hot in July and does not typically get any heating degree days
So, what does the 6.83 for July 2022 correspond to?

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  • $\begingroup$ I am pretty sure these quotes refer to Cooling Degree Days. Airconditioning is a must in Dallas in July. $\endgroup$
    – nbbo2
    May 12 at 21:36

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Are you sure these futures are trading? There is no data on BBG - or the CME.

I have no experience with these products, but I am almost certain that there are no quotes (and hence no trading) for July weather futures for Dallas at the CME.

I don't think it's CDD either (should be a lot higher - around 480 according to the second link in the question, which seems reasonable) but just bad data. According to the CME, the contract months for HDD are Nov, Dec, Jan, Feb, Mar plus Oct and Apr only.

CME's official WEATHER Products code sheet also shows no such thing as a H5 N22 (Dallas June 22 future) as your link claims.

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  • $\begingroup$ How exactly would I trade weather futures? Can I do it through ICE (Intercontinental Exchange)? $\endgroup$
    – Regjohn1
    May 13 at 12:27
  • $\begingroup$ The ICE does not offer weather. You may have misread my answer, but the CME does offer weather futures, just not July contracts like you asked. Besides, I assume you are a retail investor, in which case you would need to find a broker who offers them (who offers trading in CME weather futures). No idea if there are any. $\endgroup$
    – AKdemy
    May 13 at 20:27

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