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Financial Spread Trading A toast, please, to the humble pinot noir grape, and its long service to the cause of science. French researchers have used records of the grape harvest to determine annual spring-summer temperatures in eastern France over the past six centuries. They show several warmer periods over the centuries, and a cool trend of nearly 300 years that ended when temperatures rose in the 1970's.

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Nfl Betting Spread The study, reported this week in the journal Nature, is one of many that use proxies like tree rings and ice cores to study past climate change. Dr. Pascal Yiou, the lead researcher, said French grape harvests were a good proxy because harvest dates were set by official decree and archived records went back centuries. Dr. Yiou, of the Laboratory for the Science of Climate and the Environment, part of the French atomic energy agency, said pinot noir, the major variety grown in Burgundy, was particularly useful. "It's known that pinot noir was used constantly in Burgundy since the Middle Ages," he said. "And it's always been the same vine type. That's not necessarily true for other regions."

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Commodity Spread Trading Dr. Yiou and his colleagues studied the biology of ripening in the pinot noir. "We were able to compute exactly the state of ripeness of the vine from the temperature," he said. Then, using information from church and municipal archives, they compiled a record of harvest dates since 1370.

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Betting Exchange Spread From that data they could estimate the date of veraison, when the grapes begin to ripen and turn from green to black. This, Dr. Yiou said, is about 23 days before the decreed harvest date. "Then from the model of grape growth, we can estimate the temperature of the warm season," he added.

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Advanced Commodity Spread The researchers found a few periods of high temperatures. The 1380's were warm - about 3 degrees Fahrenheit above the norm - as were the 1420's, the 1520's and the half-century from the 1630's to the 1680's. But after that temperatures turned cooler, with a few brief exceptions, until the past 30 years, when things really began to warm up.

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Online Spread Betting "The late 20th century is exceptional," Dr. Yiou said. While this is only a local trend for eastern France, it is comparable to findings from global studies. "The trend is quite stable and unprecedented," he said.

Stock Spread Trading By Henry Fountain
New York Times - 11/23/2004

Topic: Climate Change

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