WEATHER FORECAST SYSTEM AND METHOD

• US 20090210353A1
• Filed: 01/02/2009
• Published: 08/20/2009
• Est. Priority Date: 01/02/2008
• Status: Abandoned Application

• Current Assignee: Refinitiv US Organization, LLC (Refinitiv US Holdings, Inc.)
• Original Assignee: Weather Insight, LP
• Inventors: Studwell, Aaron, Mitchell, Stephen John
• Application Number:
  US12/348,152
• Publication Number:
  US 20090210353A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G01W 1/10 Devices for predicting weather conditions computers per se G06; display devices G09
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: Y02A 90/10 Information and communication technologies [ICT] supporting adaptation to climate change, e.g. for weather forecasting or climate simulation

Abstract

A method and system configured to receive, process, compile, and transmit weather information to selected users is provided. The weather information is generally received from a remote weather information database, processed by at least one real-time data server, and transmitted through a communication module to a plurality of users in accordance with predetermined parameters that may be set by the users themselves.

Claims

1. A method for compiling and transmitting weather-related data to a commodity trader, comprising:

polling a weather information database for current and updated weather data;

retrieving the weather data in or about real-time from the weather information database;

transmitting the weather data to a real-time data server;

compiling and converting the weather data into at least one weather product; and

transmitting the at least one weather product from a communication module to the commodity trader, in about real-time.

2. The method of claim 1, wherein the weather information database is a government weather source.

3. The method of claim 1, wherein the real-time weather data is transmitted to the real-time data server via a high speed connection communicably coupled to the weather information database.

4. The method of claim 1, wherein the real-time data server compiles the real-time weather data using MICROSOFT OFFICE EXCEL real-time data technology.

5. The method of claim 1, further comprising converting the real-time weather data into a real-time forecast of natural gas being stored in a geographic region.

6. The method of claim 1, further comprising allowing the commodity trader to set up pre-defined delivery conditions to customize receipt of the at least one weather product from the communication module through a user input module, such that an individualized weather forecast may be transmitted to the commodity trader.

7. The method of claim 1, wherein the real-time data server is further configured to approximate a preliminary daily minimum temperature and a preliminary daily maximum temperature, wherein the preliminary daily minimum temperature is approximated from the temperatures recorded during the hours of the day when the lowest temperatures are typically met, and the preliminary daily maximum temperature may be approximated from the temperatures recorded during the hours of the day when the highest temperatures are typically met, wherein the preliminary daily minimum and maximum temperatures are released before the weather information database releases the true daily minimum and maximum temperatures.

8. A system for delivering weather-based informational content to a commodity trader, comprising:

at least one real-time data server configured to retrieve and compile weather forecast data from a weather information database;

a communication module communicably coupled to the at least one real-time data server and configured to develop at least one weather product; and

a user input module communicably coupled to the communication module and configured to allow the commodity trader to set up pre-defined delivery conditions to customize receipt of the at least one weather product from the communication module, such that an individualized weather forecast may be transmitted to the commodity trader.

9. The system of claim 8, wherein the weather information database is a government weather source.

10. The system of claim 8, wherein the at least one real-time data server uses MICROSOFT OFFICE EXCEL real-time data technology to continuously poll and check the weather information database for updated weather forecast data, thereby immediately acquiring any updated weather forecast data in or about real-time.

11. The system of claim 10, wherein the updated weather forecast data is disseminated to at least one commodity trader, at or about real-time, through the communication module and user input module.

12. The system of claim 8, wherein the at least one real-time data server is further configured to execute a plurality of algorithms configured to convert the retrieved weather forecast data into a real-time forecast of a measure of natural gas storage for a predefined geographical area.

13. The system of claim 8, wherein the at least one weather product of the communication module comprises at least one real-time data spreadsheet employing MICROSOFT OFFICE EXCEL real-time data technology, and thereby configured to provide a dynamic weather forecast changeable in real-time.

14. The system of claim 13, wherein the at least one real-time data spreadsheet comprises a graphical user interface having a plurality of real-time temperature charts and real-time line and bar charts, wherein the real-time temperature, line, and bar charts are configured to indicate weather forecast information for a plurality of cities or regions.

15. The system of claim 14, wherein the plurality of real-time temperature charts provide the forecasted daily maximum/minimum temperatures, the daily average temperatures, the change in temperature from the previous forecast occurring 12 hours prior, the daily average temperature departure from the 10 year average, and the daily average temperature departure from the 30 year average.

16. The system of claim 15, wherein each of the change in temperature from the previous forecast occurring 12 hours prior, the daily average temperature departure from the 10 year average, and the daily average temperature departure from the 30 year average may be color coded, whereby a first color indicates a warmer forecasted change, and a second color indicates a cooler forecasted change.

17. The system of claim 13, wherein the at least one real-time data spreadsheet comprises a graphical user interface indicating heating degree days and cooling degree days.

18. The system of claim 8, wherein the at least one real-time data server is further configured to provide a preliminary daily minimum and maximum temperature forecast by approximating daily temperature minimums and maximums before the weather information database releases the actual daily minimum and maximum temperatures.

19. The system of claim 8, wherein the at least one weather product of the communication module comprises at least one customized weather alert configured to alert a commodity trader when predetermined weather forecast criteria or parameters have been met.

20. The system of claim 19, wherein the at least one customized weather alert comprises electronic mail.

21. The system of claim 19, wherein the at least one customized weather alert comprises instant messaging services.

22. The system of claim 19, wherein the at least one customized weather alert is sent to a hand-held digital device.

23. The system of claim 19, wherein the predetermined weather forecast criteria comprises geographic identifiers, temperature identifiers, or tropical storm identifiers.

24. The system of claim 19, wherein the predetermined weather forecast criteria comprises power plant and/or refinery information, as they relate to weather fluctuations.

25. The system of claim 8, wherein the at least one weather product of the communication module comprises a statistical and graphical depiction of natural gas storage configured to compare the change in forecasts for natural gas storage against various temperature forecasts.

26. The system of claim 25, wherein the statistical and graphical depiction of natural gas storage comprises a graphical user interface showing the various temperature forecasts converted into natural gas storage capacity in the United States.

27. The system of claim 25, wherein the statistical and graphical depiction of natural gas storage comprises a plurality of graphical representations configured to show natural gas storage forecast and trend as compared with the prior reported values in the United States.

28. The system of claim 8, wherein the at least one weather product of the communication module comprises a temperature forecast period web-based application display configured as a graphical user interface illustrating forecasted temperature changes over a specified period.

29. The system of claim 28, wherein the graphical user interface allows the commodity trader to select a particular city or geographic region to view the forecasted temperature changes over a specified period.

30. The system of claim 8, wherein the at least one weather product of the communication module comprises a forecast weather map web-based application display configured to depict forecast weather maps for a plurality of cities and regions.

31. The system of claim 30, wherein the forecast weather maps are configured to illustrate a comparison between current weather forecasts and the recorded 30-year averages.

32. The system of claim 13, wherein the at least one real-time data spreadsheet comprises a single-view graphical user interface including a plurality of modules determined by the commodity trader, and configured to provide the commodity trader core weather information and market moving knowledge.

33. The system of claim 32, wherein the plurality of modules at least comprise:

weather bar charts configured to display instantaneous changes in a government weather forecast;

forecasted temperature data information charts;

a download status module depicting the weather forecast progress percentage as it is being made available to the public domain for a particular day;

trading indicator strategies configured to indicate bullish or bearish trading signals based on near real-time data feeds from the at least one real-time data server;

technical indicators configured to optimize fundamental-based trading strategies and create a compound indicator; and

an auto execution module configured to buy or sell once predefined parameters tied to the technical indicators are met.

34. A system for delivering weather-based informational content to a commodity trader, comprising:

means for retrieving and compiling weather forecast data from a weather information database;

means for developing at least one weather product; and

means for allowing the commodity trader to set up pre-defined delivery conditions to customize receipt of the at least one weather product from the communication module, such that an individualized weather forecast may be transmitted to the commodity trader.