| Outcome | Probability | Yes Bid | Yes Ask | 24h Change | Volume | |
|---|---|---|---|---|---|---|
| 50° or below | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 51° to 52° | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 53° to 54° | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 55° to 56° | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 57° to 58° | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| 59° or above | 0% | 0¢ | 0¢ | — | $0 | Trade → |
This market tracks the official daily minimum temperature recorded in New Orleans on April 7, 2026. It serves as a financial instrument for hedging against or speculating on early spring meteorological patterns in the Gulf Coast region.
New Orleans in early April is typically characterized by transitional weather as the region moves away from winter patterns. Historical climate data for the area shows that daily minimums during this period are influenced by cold fronts sweeping from the north and the prevailing moisture from the Gulf of Mexico. Meteorologists often monitor these temperature fluctuations to assess agricultural impacts and seasonal shifts in the humid subtropical climate.
Market prices represent the collective expectation of weather outcomes; as the date approaches, the prices adjust based on updated long-range meteorological forecasts and historical climate averages.
The official daily minimum temperature recorded at the primary meteorological station for New Orleans, typically the Louis Armstrong New Orleans International Airport (MSY) station, as reported by the National Weather Service.
The market relies on verified data from the National Oceanic and Atmospheric Administration (NOAA); if the official station reports no data, standard procedures for missing data points in historical climatology will be applied.
This market specifically tracks the daily minimum temperature, which is the lowest recorded temperature during the 24-hour period of April 7, 2026.
Long-term shifts in regional climate patterns can alter the probability distribution of temperature extremes, making historical records a key reference point for participants.
Yes, the measurement is anchored to the official reporting station assigned by the National Weather Service for New Orleans, rather than a broad city-wide estimate.