Ice > Wind makes sense. Wind is movement, ice (well, cold) slows down movement. The ones that don't make sense to me are Wind > Fire (sure, a candle might be extinguished by a gust of wind but large fires are actually spread by the wind) and, to a lesser extent, Water > Earth (wind has a much larger claim on erosion than water does; moisture in soil actually helps to prevent erosion, and if you're thinking in big terms only like rivers carving out a canyon then why not give erosion to ice because glaciers have done more than rivers ever will). Still makes little sense that Water doesn't beat Fire, and electricity technically doesn't boil water.

I apologize in advance for the sheer amount of trolling this next sentence is going to get, but... elements made more sense in FFXI than they do in FFXIV.