Veles Weekly Report Archive
June 10th 2021

Light rain possible in N CA. Lake Mead water conservation ICS project working. NQH2O Sep Futures offer $35 below the July bid price.

June 3rd 2021

The First Water Price Curve is Developing. NQH2O down $10.29 to$856.71. Water Allocations cut from 5% to zero.

May 27th 2021

Central Sierra Mountain snow has all melted. SW US soil driest since 1895. Wildfire Alert. NQH2O at $867.

May 20th 2021

NQH2O takes an $8.00 downward breather this week to $869.36 but still on course to $1070. Both Tulare and North Sierra Precip Indexes 2nd driest on record

May 13th 2021

Extreme drought conditions now encompass 73.31% of CA. NQH2O hits new all time high at $877.36

May 6th 2021

NQH2O up a further $8.53 to a new high of $877.05. Futures premium to index decreased by $40. Central Valley April Rainfall at 17% of average

April 29th 2021

NQH2O at New All Time High of $868.7 up73.8% Year to Date . Technical analysis indicating next level could be $1070 

April 22nd 2021

CA Governor declares drought emergency in 2counties, NQH2O up $40 to $831.97, light rain in week ahead

April 15th 2021

Snow Water Equivalent (SWE) at 37.33%of 20 year average

April 8th 2021

H2O Futures trade at a high $820 for the week. Sierra Snowpack well below average. Reservoir storage also worryingly low.

April 1st 2021

NQH2O up 12.57% to $772.10. DWR snow survey is disappointing. 

March 25th 2021

DWR Issues Allocation Reduction for the State Water Project. NQH2O up 29.52%

March 18th 2021

The March Futures Contract has settled at $529.58. With Aprils contract now the front month, will we see if the influence of summer irrigation deals effect NQH2O and the Futures.

March 11th 2021

California see’s some much needed precipitation. How will this effect drought conditions in the state.

March 4th 2021

Lake Oroville at only 38% capacity. 2021 looks to be the 3rd warmest on record.