Whatever way the wind is blowing on New Year's Day will be its direction for the next three months.
(the wind; is blowing; T:on New Year's Day) (Whatever way the wind is blowing on New Year's Day; will be; its direction for the next three months)
the wind Whatever way the wind is blowing on New Year's Day
is blowing will be
T:on New Year's Day
its direction for the next three months