No,
Too illiquid and expensive.
The EU weather market is just about dead and the US has a smattering of trades going on. They are only really useful as hedge mechanisms not as spec instruments. When Enron was still living there were a few good trades going on. One was with Corney and Barrow that paid out if the average summer temperature fell below a certain point for a number of consecutive evenings. Seems they had worked out a temperature relationship to drinks consumption.
I did go to a day at the Metreological Centre in Reading for a day course on these a few years ago and spent the day being shown how global warming really is a reality and how we are all going to die as a result.
There was also some time devoted to how weather characteristics are measured to ensure consistency.