Like many temperature markets, this one is ambiguously specified. As written, the title could refer either to the highest temperature which was recorded during 2007 or to the highest temperature recorded at any time in 2007 or earlier (the all-time record). Which one are we talking about here?
What will be the highest recorded temperature in the State of California by August 31st 2007?
The NWS data for March is up now, and it says 42.5 F at O’Hare. I’m interested to notice that the market was hovering around 50, ten whole degrees above weather.com’s monthly average, until it closed in on 42. I wonder if traders are collectively very convinced about global warming, or if some other factor kept the price from coming down earlier.
What will be the average temperature in Chicago in March according to weather.com on Mar. 31?