Sao Paulo growing degree days · Week 48 · Nov 23 - Nov 29
Growing degree days at SBGR · 7 local days, 2026-11-23 to 2026-11-29 · trading closes 11-29 03:00 (15 d)
- Model fair
- 84.8 ± 14.2
- priced 23 min ago
- Edge
- +1.6
- fair minus market
- Volume
- 669
- 15 traders
- Open interest
- 621 / 716
- long / short shares
Real-asset futures that follow this index
simulated pricesEach contract below is a commodity price index the demo simulates: 100 on the day it was listed, moved by this contract's GDD and by a simulated market factor. Weather-implied is the price at the index this market is trading at now; when it differs from the asset's own market price, simulated spread traders trade the two against each other.
| Contract | Market price | Weather-implied | Gap | Per 1% of index | Hedge |
|---|---|---|---|---|---|
| COFF-SBGR-26W48Coffee | 93.73long 44¢ | 98.10 | -4.37 | +0.70% | 0.82 short per long share |
| SUGR-SBGR-26W48Sugar cane | 101.38long 52¢ | 100.01 | +1.36 | -0.50% | 0.79 long per long share |
How the index builds, day by day
Each bar is one local day's contribution to the index. Days on the final record count as they stand; the rest are the model's estimate, with a whisker one standard deviation either way.
Day-by-day table
| Day | Source | High | Low | GDD | Running total |
|---|---|---|---|---|---|
| Mon, Nov 23 | Forecast | 27.5°C | 17.3°C | 12.2 ± 2.8 | 12.2 |
| Tue, Nov 24 | Forecast | 28.5°C | 18.7°C | 13.1 ± 2.9 | 25.3 |
| Wed, Nov 25 | Forecast | 27.0°C | 20.4°C | 13.4 ± 3.3 | 38.7 |
| Thu, Nov 26 | Forecast | 28.4°C | 17.2°C | 12.3 ± 3.2 | 51.0 |
| Fri, Nov 27 | Forecast | 24.2°C | 17.0°C | 10.6 ± 3.8 | 61.5 |
| Sat, Nov 28 | Forecast | 24.8°C | 18.1°C | 11.3 ± 4.0 | 72.9 |
| Sun, Nov 29 | Beyond the forecast | 25.5°C | 18.9°C | 12.0 ± 4.0 | 84.8 |
Market index path
one step per trade · dashed line: model fair nowRecent trades
| Time | Trade | Shares | Amount | Avg price | Index after |
|---|---|---|---|---|---|
| 11-13 18:50 | Buy long | 88.54 | 41.88 | 47.3¢ | 83.2 |
| 11-13 17:50 | Buy long | 22.01 | 10.11 | 45.9¢ | 80.8 |
| 11-13 15:50 | Buy shortpair | 12.42 | 6.73 | 54.2¢ | 80.2 |
| 11-13 12:50 | Buy shortpair | 19.76 | 10.63 | 53.8¢ | 80.6 |
| 11-13 12:50 | Buy long | 133.95 | 60.00 | 44.8¢ | 81.1 |
| 11-13 11:50 | Buy long | 105.53 | 44.17 | 41.9¢ | 77.5 |
| 11-13 05:50 | Buy longpair | 9.89 | 4.00 | 40.5¢ | 74.6 |
| 11-13 03:50 | Buy longpair | 12.44 | 5.00 | 40.2¢ | 74.4 |
| 11-13 02:50 | Buy short | 15.76 | 9.42 | 59.8¢ | 74.0 |
| 11-13 01:50 | Buy shortpair | 19.19 | 11.39 | 59.4¢ | 74.5 |
| 11-13 01:50 | Buy longpair | 16.40 | 6.67 | 40.7¢ | 75.0 |
| 11-13 01:50 | Buy long | 53.46 | 21.30 | 39.8¢ | 74.5 |
| 11-12 23:50 | Buy long | 134.08 | 50.44 | 37.6¢ | 73.1 |
| 11-12 21:50 | Buy longpair | 24.35 | 8.71 | 35.8¢ | 69.7 |
| 11-12 20:50 | Buy short | 94.62 | 60.00 | 63.4¢ | 69.0 |
A trade marked pair is one leg of a simulated spread trade: the other leg is in a real-asset contract that follows this index.
Settlement
This contract settles on the sum of the station's daily records, as soon as the oracle marks all 7 days final and settleable - no earlier than 11-30 06:00. If a day of the period cannot settle, the contract is void and every position is refunded at cost.
Contract specification
- Symbol
- GDD-SBGR-26W48
- Index
- Growing degree days (GDD), in °C-days
- Formula
- (high + low) / 2 - 10 with both held to 10..30 °C, summed over the period
- Station
- SBGR · Sao Paulo
- Period
- Week 48 · Nov 23 - Nov 29 · 7 local days, 2026-11-23 to 2026-11-29
- Band
- 30 to 140
- Payoff
- Long: (index - 30) / 110 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0091 sUSDT per share per index point
- Trading closes
- 2026-11-29 03:00 UTC
- Settles from
- 2026-11-30 06:00 UTC
- Settlement source
- The station's daily record, final and settleable, from the Weather Market oracle
- Hedges
- Agriculture - Sugar cane, Coffee (the exposure it hedges; this contract settles on the index)
Long gains if GDD finishes above the level you pay for.
Virtual sUSDT only. No monetary value.
- Long gains when the index finishes higher, short when it finishes lower. A long and a short share together always pay 1 sUSDT.
- Outside the band 30 to 140 the contract pays as if the index had finished on the edge.
- You pay in full when you buy. What you paid is the most you can lose: no margin, no liquidation.
- You can sell back to the market maker at any time before trading closes, when the last day of the period begins.
- Void, with every position refunded at cost, if any day of the period cannot settle on the record.