Sao Paulo growing degree days · November 2026
Growing degree days at SBGR · 30 local days, 2026-11-01 to 2026-11-30 · trading closes 11-30 03:00 (16 d)
- Model fair
- 359.5 ± 20.0
- priced 23 min ago
- Edge
- +6.4
- fair minus market
- Volume
- 443
- 16 traders
- Open interest
- 327 / 536
- 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-NOV26Coffee | 101.46long 52¢ | 101.81 | -0.35 | +0.70% | 0.43 short per long share |
| SUGR-SBGR-NOV26Sugar cane | 99.04long 48¢ | 99.32 | -0.27 | -0.50% | 0.39 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 |
|---|---|---|---|---|---|
| Sun, Nov 1 | Final record | 29.0°C | 17.0°C | 13.0 | 13.0 |
| Mon, Nov 2 | Final record | 24.0°C | 19.0°C | 11.5 | 24.5 |
| Tue, Nov 3 | Final record | 31.0°C | 16.0°C | 13.0 | 37.5 |
| Wed, Nov 4 | Final record | 33.0°C | 19.0°C | 14.5 | 52.0 |
| Thu, Nov 5 | Final record | 26.0°C | 20.0°C | 13.0 | 65.0 |
| Fri, Nov 6 | Final record | 28.0°C | 20.0°C | 14.0 | 79.0 |
| Sat, Nov 7 | Final record | 32.0°C | 20.0°C | 15.0 | 94.0 |
| Sun, Nov 8 | Final record | 21.0°C | 14.0°C | 7.5 | 101.5 |
| Mon, Nov 9 | Final record | 17.0°C | 14.0°C | 5.5 | 107.0 |
| Tue, Nov 10 | Final record | 23.0°C | 13.0°C | 8.0 | 115.0 |
| Wed, Nov 11 | Final record | 30.0°C | 16.0°C | 13.0 | 128.0 |
| Thu, Nov 12 | Final record | 28.0°C | 18.0°C | 13.0 | 141.0 |
| Fri, Nov 13 | Forecast | 26.8°C | 16.6°C | 11.7 ± 1.7 | 152.7 |
| Sat, Nov 14 | Forecast | 27.1°C | 17.4°C | 12.2 ± 1.7 | 164.9 |
| Sun, Nov 15 | Forecast | 27.9°C | 15.9°C | 11.8 ± 1.7 | 176.8 |
| Mon, Nov 16 | Forecast | 26.3°C | 17.3°C | 11.8 ± 1.9 | 188.5 |
| Tue, Nov 17 | Forecast | 28.4°C | 16.4°C | 12.3 ± 1.9 | 200.8 |
| Wed, Nov 18 | Forecast | 31.0°C | 17.3°C | 13.4 ± 1.6 | 214.2 |
| Thu, Nov 19 | Forecast | 25.7°C | 18.4°C | 12.0 ± 2.4 | 226.2 |
| Fri, Nov 20 | Forecast | 26.1°C | 18.4°C | 12.2 ± 2.5 | 238.4 |
| Sat, Nov 21 | Forecast | 28.8°C | 19.0°C | 13.5 ± 2.3 | 251.9 |
| Sun, Nov 22 | Forecast | 24.4°C | 17.3°C | 10.8 ± 2.9 | 262.7 |
| Mon, Nov 23 | Forecast | 27.5°C | 17.3°C | 12.2 ± 2.8 | 274.9 |
| Tue, Nov 24 | Forecast | 28.5°C | 18.7°C | 13.1 ± 2.9 | 288.0 |
| Wed, Nov 25 | Forecast | 27.0°C | 20.4°C | 13.4 ± 3.3 | 301.4 |
| Thu, Nov 26 | Forecast | 28.4°C | 17.2°C | 12.3 ± 3.2 | 313.7 |
| Fri, Nov 27 | Forecast | 24.2°C | 17.0°C | 10.6 ± 3.8 | 324.3 |
| Sat, Nov 28 | Forecast | 24.8°C | 18.1°C | 11.3 ± 4.0 | 335.6 |
| Sun, Nov 29 | Beyond the forecast | 25.5°C | 18.9°C | 12.0 ± 4.0 | 347.6 |
| Mon, Nov 30 | Beyond the forecast | 25.5°C | 18.9°C | 12.0 ± 4.0 | 359.5 |
Market index path
one step per trade · dashed line: model fair nowRecent trades
| Time | Trade | Shares | Amount | Avg price | Index after |
|---|---|---|---|---|---|
| 11-13 14:50 | Buy shortpair | 15.08 | 8.71 | 57.8¢ | 353.1 |
| 11-13 14:50 | Buy long | 15.62 | 6.60 | 42.2¢ | 353.7 |
| 11-13 12:50 | Buy shortpair | 10.31 | 5.96 | 57.8¢ | 353.1 |
| 11-13 12:50 | Buy short | 44.39 | 25.37 | 57.2¢ | 353.5 |
| 11-13 11:50 | Buy long | 90.60 | 38.31 | 42.3¢ | 355.1 |
| 11-13 10:50 | Buy long | 38.59 | 15.71 | 40.7¢ | 351.8 |
| 11-13 08:50 | Buy shortpair | 12.77 | 7.61 | 59.6¢ | 350.4 |
| 11-13 08:50 | Buy short | 35.16 | 20.75 | 59.0¢ | 350.8 |
| 11-13 05:50 | Buy shortpair | 4.54 | 2.66 | 58.5¢ | 352.1 |
| 11-13 05:50 | Buy shortpair | 16.30 | 9.50 | 58.3¢ | 352.3 |
| 11-13 04:50 | Buy shortpair | 15.53 | 8.99 | 57.9¢ | 352.9 |
| 11-12 23:50 | Buy long | 116.51 | 47.63 | 40.9¢ | 353.4 |
| 11-12 20:50 | Buy longpair | 6.96 | 2.74 | 39.4¢ | 349.2 |
| 11-12 18:50 | Buy shortpair | 18.69 | 11.30 | 60.5¢ | 349.0 |
| 11-12 17:50 | Buy short | 101.67 | 60.00 | 59.0¢ | 349.6 |
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 30 days final and settleable - no earlier than 12-01 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-NOV26
- 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
- November 2026 · 30 local days, 2026-11-01 to 2026-11-30
- Band
- 290 to 440
- Payoff
- Long: (index - 290) / 150 sUSDT per share, held to 0..1. Short: 1 minus that.
- Point value
- 0.0067 sUSDT per share per index point
- Trading closes
- 2026-11-30 03:00 UTC
- Settles from
- 2026-12-01 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 290 to 440 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.