With the recent blizzard up the North East coast, today is a perfect day to highlight how those who need to can hedge snowfall risk.
The CME Group offers Snowfall Futures and options contracts for 5 US cities including New York, Chicago, Boston, Detroit and Minneapolis.
These contracts are utilized by companies including salt suppliers, plow companies and even property managers. You can find more information here and below a video hosted by Christina Hanson from The CME Group discussing these contracts.
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