| From Smartmoney.com: Just like beans and bonds, everybody has an opinion about the weather. And even with the financial markets reeling, both tree huggers and trailblazers might find a sunny sky in weather futures.
Yes, you can trade the weather — rather easily, in fact. But weather is difficult to model like stocks or sugar because, unlike those more conventional assets, “cash” weather cannot be bought or sold or stored at a known cost of carry. Weather does not generate returns like interest or dividends and its impact is anything but identical across time or location. It is not a fungible commodity. .... Full Article: Source
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