Weather lore in the summer and bitterly cold in the winter. Northerly winds, which follow around a low, are cold and blustery. Sailing in conditions of northerly winds requires expertise and a boat capable of handling heavy waves. Southerly winds usually bring warm temperatures, and though they may not necessarily feed the fish, they do provide pleasant fishing weather. The best circumstance, however, is to have a westerly wind blowing; the wind condition is likely to persist for some time, the weather should remain fair and clear, and the wind should be relatively constant. Wind and weather observations will be different for
Weather risk management "Accounting for weather derivatives" provides guidance on accounting for weather derivatives that are not exchange–traded. Entities that enter into speculatives or trading non–exchange derivatives contracts should apply the intrinsic method. Weather risk management Weather risk management is a type of risk management done by organizations to address potential financial losses caused by unusual weather. Energy, agriculture, transportation, construction, municipalities, school districts, travel, food processors, retail sales and real estate are all examples of industries whose operations and profits can be significantly affected by the weather. For example, unusually mild winters diminish consumer demand for heating and erode the profit margins