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WEATHER
US cooling demand for the week ending July 27 is forecast to be 9 cooling degree days (CDD) above the long-term normal, according to Bloomberg, citing the NOAA.
- The regions with the largest deviation from the normal are the Pacific, 37 CDD above average, Mountain, 27 CDD above average, and W S Central, 19 CDD below average.
- This week’s total forecast for CDD is 84, compared to a normal of 75 and down from the actual figure of 86 from last week.
- During the week to July 20, the US was 12 CDD above normal.
- Arizona remained the state with the highest total CDD at 161 CDD, 10 above normal.
- CDD measures the number of degrees that the mean daily temperature is above 65 degrees Fahrenheit, summed across an entire week.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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