Veles Weekly Report Archive
NQH2O Market Update:
· Price Action: NQH2O at $447.10, up $5.82 (1.32%). YTD gain stands at 6.31%.
· Futures Activity: The futures prices have closed at a premium of $8.72 to $33.72 versus the index over the past week.
· Volatility & Momentum: Futures volatility is at a premium. Stochastic indicators are at the maximum.
California Water News
· San Jose water agency to vote on whether to help fund Gov. Gavin Newsom’s $20 billion Delta tunnel project.
· ‘We need to be prepared’: La Niña to bring extreme weather shifts to California.
· ‘Completely Dry’: How Los Angeles Firefighters Ran Out of Water.
· Why fire hydrants and water supply failed during Los Angeles wildfires.
· Are the Resnicks “hoarding” water while LA burns? No
US Water News
· Stable on the Colorado River: When “good” is not good enough.
· Colorado’s snowpack is average for January despite near-record warm conditions.
· Federal government says land exchange proposed by billionaire in Grand and Summit counties is complete.
· Reclamation announces over $284 million for long-term conservation in the Lower Colorado Basin.
· Massachusetts to Sell $541.2 Million of Bonds for Improve Water Quality.
Global Water News
· RAF bases are hotspots of ‘forever chemical’ groundwater pollution, MoD documents show.
· Enhanced hydrologic monitoring and characterization of groundwater drainage features.
· Conti Federal Awarded $18.5M Task Order Contract for Groundwater Remediation at the Tutu Wellfield Superfund Site.
· Tech innovations tackling the global water crisis: From data to action.
· How AI enhances inspections at hydropower and dam projects.
· Over $34 million for better water security in remote NT communities.
NQH2O Market Update:
· Price Action: NQH2O at $441.28, up $12.83 (2.99%). YTD gain stands at 4.92%.
· Futures Activity: The futures prices have closed at a discount of $0.45 to premium of $8.72 versus the index over the past week.
· Volatility & Momentum: Futures volatility is at a premium. Stochastic indicators are at the maximum.
California Water News
· First Snow Survey of the Season Shows Snowpack Near Average for California.
· CA State predicts increased allocations to water agencies.
· Unusual ‘life-threatening and destructive’ winds bring risk of winter fires, power outages to Southern California.
· CSPA sues California over operations of the State Water Project.
· Drought Conditions Return To Southern California Following Several Wet Years.
US Water News
· Wyoming’s Colorado River water rights in jeopardy without improved info, official warns.
· Cutting-edge wastewater treatment technology provides a more sustainable water supply in Colorado, USA.
· Drought Persists: Your January Water Supply Update.
Global Water News
· Climate crisis ‘wreaking havoc’ on Earth’s water cycle, report finds.
· Transforming the UK water industry: Predictions for 2025.
· Drought-hit India’s quest for water hampered by thirsty crops.
· China assures its world’s biggest dam will not affect water flow to India.
· Saudi Arabia boosts desalinated water supply to 50% in Vision 2030 push.
· Saudi NWC to implement $426mln water projects in Makkah.
NQH2O Market Update:
· Price Action: NQH2O at $420.40, up $0.16 (0.04%). YTD gain stands at 115.99%.
· Futures Activity: The futures prices have closed at a premium $5.76 to $21.76 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are in neutral territory.
California Water News
· Kern Subbasin Approves Final Groundwater Sustainability Plan.
· A historic partnership for water security in desert communities.
· Escondido will spend millions of dollars to seal off a creek after a sudden encampment sweep.
· Coming storms could buoy California snowpack after late start.
· Newsom, Trump could align to get Delta tunnel built.
US Water News
· Lower Boise Watershed Council, ag producers step up to improve water quality in Boise River.
· Texas regulators report more than 250 new cases of groundwater contamination.
· Lawsuit against agricultural company for groundwater overuse.
· Tribal, Arizona officials are racing to push a landmark water bill through Congress. Colorado is one of the states in their way.
· Atmospheric River Forecast: Rain, Snow To Hit Before Christmas
· What’s New: Arizona explores importing billions of gallons of water to grow supply.
· Colorado has big dreams to use more water from the Colorado River. But will planned reservoirs ever be built?
Global Water News
· New analysis reveals concerning transformation in massive Australian river: ‘Now is the time to act’.
· K-water acquires water supply, wastewater treatment facility shares in Vietnam.
· Milestone for $2.8B WA desalination project.
· Water firms fight for higher bills despite outrage.
· Thames Water wins court approval to secure ‘critical’ £3bn cash lifeline.
NQH2O Market Update:
· Price Action: NQH2O at $420.24, up $2.78 (0.67%). YTD gain stands at 115.91%.
· Futures Activity: The futures prices have closed at a premium $5.76 to $8.54 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are at the maximum.
California Water News
· California water agency votes to spend $141 million on Delta tunnel project.
· Where California stands in the multistate negotiations over the Colorado River.
· Biden-Harris Administration announces $65m for Northern California water projects.
US Water News
· Opposition surfaces as deadline nears to ratify tribal water settlement in Arizona.
· ‘Zero progress’: Western states at impasse in talks on Colorado River water shortages.
· President Biden’s Investing in America Agenda Supports $65 Million Investment to Fulfill Indian Water Rights Settlements.
· EPA Takes Action to Address Water Quality Challenges in Tucson, Arizona.
· Feds release $850M to fix aging water infrastructure in the West.
· Water Rights Agreement Will Save $20 Million, Help Protect Colorado River.
Global Water News
· Thames Water will run out of cash by March without £3bn emergency funding.
· New system for detecting bugs in water supply is ‘very significant improvement’.
· Thames Water reports 40% rise in pollution incidents as debts swell.
· Rethinking responses to the world’s water crises.
· Water security needs water intelligence.
NQH2O Market Update:
· Price Action: NQH2O at $417.46, up $7.29 (1.78%). YTD gain stands at 114.48%.
· Futures Activity: The futures prices have closed at a premium $7.87 to $8.54 versus the index over the past week.
· Volatility & Momentum: Futures volatility is at a premium to the index. Stochastic indicators are at the maximum.
California Water News
· California water officials warn of scant deliveries from reservoirs next year.
· Reclamation and DWR Celebrate Delta Restoration Project Launch.
· Environmental Groups and Winnemem Wintu Tribe File Lawsuit Against CA State Water Project EIR.
US Water News
· Colorado River states hold an uncomfortable reunion in Las Vegas.
· $50M from Inflation Reduction Act will be spent to deliver more water to the Great Salt Lake.
· Trump allies begin attack on EPA and rules protecting US drinking water.
· US researchers design water filtration system based on manta rays.
· Outgoing Biden administration looks at options to address Colorado River water crisis.
· ADWR helps finalize two historic Tribal Water Rights Settlement Agreements.
· Colorado’s process of creating PFAS bans could offer insights for New Mexico.
· Jacobs tapped to develop $267M San Juan Lateral Water Treatment Plant.
Global Water News
· FSSAI reclassifies packaged drinking water, mineral water as high-risk food.
· Landmark study reveals stark failure to halt Murray-Darling River decline.
· Castle Water to Offer £4Billion Equity to Save Thames Water.
· La Niña looms over Kashmir: Receding water level in rivers adds to challenges.
· The affordable tools providing clean water to Mexican homes.
NQH2O Market Update:
· Price Action: NQH2O at $410.17, up $4.66 (1.15%). YTD gain stands at 110.73%
· Futures Activity: The futures prices have closed at a premium of premium $7.49 to $7.87 versus the index over the past week.
· Volatility & Momentum: Futures volatility is at a premium to the index. Stochastic indicators are at the maximum.
California Water News
· Lytton Rancheria of California to Invest Up to $50M in Cadiz Groundwater Banking Project.
· Unstoppable invasion: How did mussels sneak into California, despite decades of state shipping rules?
· California lake jumps by nearly 12 feet after atmospheric river.
US Water News
· Texas Water Rights Clash With Mexico.
· Private equity firm Sortis backs Thornburgh resort as it fights for Central Oregon water rights.
· Colorado River District seeks federal funding to acquire Shoshone rights as Trump presidency brings uncertainty.
· Gov. Hobbs signs Northeastern Arizona, Yavapai-Apache water rights settlements.
· This Arizona agency is asking companies for a plan to import 100 billion gallons of water.
Global Water News
· Water for First Nations to come from Murray-Darling.
· Study shows excessive groundwater pumping tilted Earth by 31.5 inches..
· Vulnerable water resources could increase price of grid decarbonization
· Cross-border Innovations in Wastewater Reuse: Can Technology Help Create More Efficient and Sustainable Solutions?
· Why Europe needs a Blue Deal to secure its Green Deal.
Extreme Weather Threatens Canada’s Hydropower Future.
NQH2O Market Update:
· Price Action: NQH2O at $405.51, up $2.23 (0.55%). YTD gain stands at 108.34%.
· Futures Activity: The futures prices have closed at a premium of $4.72 to $9.72 versus the index over the past week.
· Volatility & Momentum: Futures volatility is at a premium to the index. Stochastic indicators are at the maximum.
California Water News
· California Water Institute projects provide regional perspective for Prop. 4.
· Biden-Harris Administration Announces $125 Million Investment for Large-Scale Water Recycling Projects.
· McCarthy-Jacobs partnership to lead $160 million groundwater desal project in Southern California.
· Hydrologic outlook issued by the NWS for Northern California.
· Groundwater pumping drives rapid sinking in California, study shows.
· California water recycling plant gains $26M to feed Lake Mead.
US Water News
· About 19% of Oregonians at risk for PFAS groundwater contamination.
· Penn State water-energy-food nexus project takes a global approach.
· SRP to drain parts of 131-mile canal system to maintain Arizona’s water supply.
· Arizona, California push study of century-old policy that’d force cuts on upper Colorado River states.
Global Water News
· Pricing Energy for Groundwater: A Path to Sustainable Irrigation and Climate Resilience.
· Groundwater resources: challenges and future opportunities.
· Is there less fresh water available for everyone on earth? Nasa reveals shocking details.
· Rio Tinto faces $400m bill amid Pilbara native title water squeeze.
· CBN to refund $22m as World Bank detects $32m unaccounted funds in water project.
· Morocco secures $211m loan to improve water security
Cambridge University Tech Transforms Polluted Water into Clean Energy & Water: Photothermal-Photocatalyst Innovations.
NQH2O Market Update:
· Price Action: NQH2O at $403.28, up $5.71 (1.44%). YTD gain stands at 107.19%.
· Futures Activity: The futures prices have closed at a premium of $4.72 to $8.43 versus the index over the past week.
· Volatility & Momentum: Futures volatility is at a premium to the index. Stochastic indicators are at the maximum.
California Water News
· Cadiz to Purchase 180 Miles of New Pipeline Assets.
· Storms will bring flooding rain and mountain snow to California and Northwest.
· $740 Million Is Approved for New Facilities.
US Water News
· Draft bill on water resource management authority circulated among states.
· U.S.-Mexico water agreement might bring relief to parched South Texas.
· Texas cancels water permit hearing for Musk’s SpaceX launch site.
· What will it take to end 3 decades of drought in Arizona?
· Stuart’s mission to restrict data centers impacting Caroline water project.
· A century-old practice allows people to use more than their legal share of Colorado River water. Researchers say it should stop.
Global Water News
· South Africa Economic Hub to Fast track Steps to End Water Crisis.
· Malaysian state Selangor proposes $1.4bn underground tunnel project to tackle flood risks.
· New report: “An Ocean of Potential” exists for Blue Carbon finance, an essential yet largely untapped climate mitigation strategy.
· Thames Water board split over two competing deals to save it from insolvency.
NQH2O Market Update:
· Price Action: NQH2O at $397.57, up $3.20 (0.81%). YTD gain stands at 104.26%.
· Futures Activity: The futures prices have closed at a discount of $9.37 to a premium of $8.43 versus the index over the past week.
· Volatility & Momentum: Futures volatility is at a premium to the index. Stochastic indicators are approaching the maximum.
California Water News
· Why the election might not matter for California water.
· California Makes Progress to Ensure Healthy Rivers and Landscapes – Includes Advancing Restoration Projects, Streamflows for Native Fisheries.
· Cadiz Inc. Announces $23 Million Registered Direct Offering.
· Invasive mussel found in North America for first time, posing immediate threat in California’s Delta.
US Water News
· EPA announces $3.6 billion in funding under BIL.
· Arizona nears approval for advanced water purification.
· Hobbs agrees to review 100-year water supply for Sierra Vista housing development.
· Feds Invest $82 Million in Clean Water for Tribes.
· On the Colorado River, water rights are more valuable than gold.
· Texas sued New Mexico over Rio Grande water. Now the states are fighting the federal government.
Global Water News
· Thames Water is desperate for cash. But board should still exploit bondholder rivalry.
· Southern Water successfully issues £300m bond
· China releases ecosystem restoration guides to boost coastal disaster resilience.
NQH2O Market Update:
· Price Action: NQH2O at $394.37, up $0.46 (0.12%). YTD gain stands at 102.62%.
· Futures Activity: The futures prices have closed at a discount of $8.91to $9.37 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are at the minimum.
California Water News
· SJW Group Announces Third Quarter 2024 Financial Results.
· Newsom makes first visit to ailing sewage treatment plants along U.S.-Mexico border.
· California looks to streamline desalination plants.
· Victory for California’s Water Security: AB 460 Signed into Law.
US Water News
· The Future of Water Resilience in the U.S.
· USGS Satellites And Test Tubes Meet Ensure Safe Drinking Water.
· Up to 95 million Americans may rely on untreated groundwater containing PFAS for drinking water.
· Colorado River negotiators vow to slog on as timelines shift.
· U.S. Supreme Court sets date to hear Uinta oil train dispute.
· Nevada precipitation levels in 2024 were abnormally normal. What will happen in 2025?
· AI chips and data centers are making America’s water problems worse, JPMorgan says.
Global Water News
· Humanity consumes nearly seven trillion cubic meters of water per year to grow crops worldwide: Study.
· Black & Veatch Promotes Sustainable Water Management Practices at the International Mining and Resources Conference (IMARC) 2024.
· Severn Trent’s £800m fund targets pollution issues.
· Rival Thames Water bondholders to table £3bn rescue plan.
· Recent rains increase water reserves to nearly 30%.
· Why building more big dams is a costly gamble for our future water security and the environment.
· Alberta chiefs seek clarity on Canada’s view of water rights following class action defense.
NQH2O Market Update:
· Price Action: NQH2O at $393.91, down $5.93 (1.48%). YTD gain stands at 102.38%.
· Futures Activity: The futures prices have closed at a discount of $8.91 to $9.84 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are at the minimum.
California Water News
· Cadiz’s ATEC Water Systems Wins $1.6M in New Sales Contracts.
· California Department of Fish and Wildlife (CDFW) Announces Klamath River Chinook Salmon Reoccupying Historic Habitat, Spawning Above Former Dam Locations.
· Proposition 4 authorizes $10 billion bond sale for climate change mitigation.
· San Joaquin River Restoration Program: Draft Channel Capacity Report for the 2025 restoration year available for review.
US Water News
· State sets temporary allowable PFAS limits in groundwater.
· Billions in new projects expected to increase utility bill base rates in Colorado Springs.
Global Water News
· Scientists Say Our Water Cycle Has Started Breaking Down.
· India is facing the biggest water crisis in its history.
· Water scarcity threatens global food supply as temperatures rise.
· Tijuana River Gets More Sewage Pollution Tests As Veolia Faces New Suit by Residents.
· Desalination system adjusts itself to work with renewable power.
· In a first, India extends rupee-denominated line of credit to Mauritius for water pipeline project.
· Only 37% of Europe’s Surface Water Is Healthy, Study Finds.
· Solution: a new economics of water 8% GDP loss by 2050 due to world water crisis.
NQH2O Market Update:
· Price Action: NQH2O at $399.84, down $20.81 (4.95%). YTD gain stands at 105.43%.
· Futures Activity: The futures prices have closed at a discount of $5.65to $28.65 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are at the minimum.
California Water News
· America’s largest water district raising rates 40%, says conservation cut revenue.
· State backs environmentalists after water shutoff kills thousands of fish in Kern River.
· California Atmospheric River Forecast: ‘Big Changes’ in Storm Path Expected.
· OCWD wins legal victory upholding authority over groundwater basin management.
· California’s New Water Fee Hikes Stir Concerns Among Farmers and Ranchers.
US Water News
· EPA Allocating About$24,898,000 To Address Lead And Copper Pipes In New Mexico’s 700 Drinking Water Systems.
· CAP board candidates discuss potential Colorado River deal hopes, worries.
· End of fluoridation of US water could be in sight after federal court ruling.
Global Water News
· Only one-third of Europe’s surface water qualifies as good or better, study finds.
· How Mexico City Averted All-Out Drought.
· Fidelity International launches blue transition bond fund.
· Algeria to invest $3bln in second phase of water desalination expansion.
Sydney Water awards contract for $170M project.
NQH2O Market Update:
· Price Action: NQH2O at $420.65, down $10.72 (2.49%). YTD gain stands at 116.12%.
· Futures Activity: The futures prices have closed at a discount of $5.56 to $8.37 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are moving out neutral territory towards the minimum.
California Water News
· ‘Dirty Delta’: California’s largest estuary is in crisis. Is the state discriminating against people who fish there?
· Whether pumping cuts come from state or locals, cuts are coming to Tulare County farmers.
· San Fran. is at war over an environmental case headed to the Supreme Court.
· Jacobs secures 10-year contract for California water facility.
US Water News
· Biden sets 10-year deadline for US cities to replace lead pipes nationwide.
· Bennet, Hickenlooper, House members back funding bid for Shoshone water rights.
· Why don’t we just fix the Colorado River crisis by piping in water from the East?
· La Niña could turn Arizona’s hot, dry summer into a warm, dry winter. What to know.
Global Water News
· MIT’s new desalination system runs with the rhythms of the sun.
· New funding to explore community connections to water policies and responses to climate change.
· UN Warns World’s Water Cycle Becoming Ever More Erratic.
· Unlocking aquifer sustainability through irrigator-driven groundwater conservation.
· ADB Approves Support to Deliver Irrigation Water in Nepal.
NQH2O Market Update:
· Price Action: NQH2O at $431.37, down $0.32 (0.07%). YTD gain stands at 121.62%.
· Futures Activity: The futures prices have closed at a discount of $8.37 to $9.69 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are in neutral territory moving towards the maximum.
California Water News
· California Department of Water Resources (DWR) Announces State Officials Prepare for Extreme Weather Swings as New Water Year Approaches.
· California’s water tunnel to cost $20 billion. State officials say the benefits are worth it.
· California Drought Crisis Deepens As Water Scarcity Threatens State.
US Water News
· Arizona tribes’ long fight for share of Colorado River water nears resolution in Congress
· Gila River Indian Community receives $107 million for Colorado River conservation projects
· Water policy is on the minds of voters as drought continues
· Governor Hochul Announces Nearly $90 Million to Replace Lead Service Lines and Protect Drinking Water Across New York.
Global Water News
· AI-driven water forecasting: enhancing hydropower resilience.
· Thames Water’s financial woes summarised in annual report.
· Carlyle Approached About Thames Water Investment, Sky News Says.
· UAE to invest $30mln to support Ghana’s biodiversity and climate goals.
NQH2O Market Update:
· Price Action: NQH2O at $431.69, down $0.37 (0.09%). YTD gain stands at 121.79%.
· Futures Activity: The futures prices have closed at a discount of $9.69 to $10.06 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are in neutral territory moving towards the maximum.
California Water News
· California cracks down on another Central Valley farm area for groundwater depletion.
· DWR marks 10 years of the Sustainable Groundwater Management Act.
· California tears down levee in ‘largest tidal habitat restoration in state history’.
· DWR Releases Second and Third Papers on Depletions of Interconnected Surface Water. California climate bond measure garners strong support in new poll.
· Californians who steal water from rivers will soon be subject to much steeper fines.
US Water News
· Uncharted waters: Data gaps obscure Harpswell’s groundwater capacity.
· Lake Mead Gives Nevada $358 Million Boost.
· Central Arkansas Water receives $80 million state loan for treatment plant improvements.
· Arizona’s Water Woes, Semiconductor Facilities and Data Centers Spark Debate on Sustainability.
Global Water News
· Thames Water creditors reportedly line up £1bn.
· Citizens Energy, Lebanon to tap drinking water fund for $700 million supply project.
· Thames Water makes contingency plan to release cash reserves.
· Microsoft Growing Water for India.
NQH2O Market Update:
· Price Action: NQH2O at $432.06, down $0.15 (0.03%). YTD gain stands at 121.98%.
· Futures Activity: The futures prices have closed at a discount of $7.41 to $23.21 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are in neutral territory.
California Water News
· California Sites Reservoir project hits troubled waters in permitting process.
· Padilla Applauds Over $2Billion Available for California Dam Safety.
· Gov. Newsom’s got good climate bills on his desk. Will he sign them?
· Cadiz Inc. (NASDAQ: CDZI) Prepares for Major Pipeline Build Amid Rising Water Demand.
· The Key to Fix California’s Inadequate Water Storage? Put Water Underground, Scientists Say.
· California’s earliest snow advisory in nearly 20 years could also bring month’s worth of rain.
US Water News
· Researchers create a new tool to inform about post-2026 Colorado River management.
· Holding Water: Redefining Reservoir Rules to Make Room for Environmental Stability.
· AZ water agency director asks for funds if Colorado River states fail to come to allocation agreement.
Global Water News
· New state-owned company for South Africa is coming.
· Audit reveals major gaps in government’s Basin Plan compliance.
· Why India’s deepening water crisis needs a market-based credit solution.
· Heavy rains in Europe, Canada and the US and drought in Brazil will have a major impact on grain markets this week.
· Barcelona and Majorca will shift to a desert-like climate by 2050, new drought study warns.
Closing the $7 Trillion Gap: Three Lessons on Financing Water Investments from World Water Week.
NQH2O Market Update:
· Price Action: NQH2O at $432.21, down $0.20 (0.05%). YTD gain stands at 122.06%.
· Futures Activity: The futures prices have closed at a discount of $7.41 versus the index over the past week.
· Volatility & Momentum: Futures volatility is giving mixed signals. Stochastic indicators are at a slight uptick from the minimum.
California Water News
· Can California’s US$20bn water utility construction curb a climate change catastrophe.
· State budget cuts having“ profound” impact on water agencies from state to local levels.
· A new study uncovers another devastating effect of California’s wildfires.
· New California water measures aim to increase fines for violators, protect wetlands.
· Drought emergency lifted for parts of California.
US Water News
· Parts of Texas ‘out of water’ as the rest dries out, ag commissioner says.
· U.S. EPA announces $7.5 billion in available financing for water infrastructure projects.
· Sinema Advances Nearly $70million for Critical Arizona Projects in Appropriations Committee.
· Idaho Water Negotiations Underway to Prevent Future Curtailment.
· Water management emerges as high-stakes statewide issue.
Global Water News
· ‘Water will be one of the biggest investment themes over the next decade’.
· Sustainable water management ’apriority’ for miners, says Black & Veatch.
· Commonwealth annual water for the environment delivery second highest on record.
· US hedge funds wade into Thames Water debt crisis.
· Evaluating own-price dynamics in taxing environmental externalities.
NQH2O Market Update:
· Price Action: NQH2O hits $432.41, down $4.88 (1.12%). YTD gain stands at 122.16%.
· Futures Activity: The futures prices have ranged from closing at a discount of $5.29 to $11.29 versus the index over the past week.
· Volatility & Momentum: Futures volatility premiums have reduced. Stochastic indicators are at a slight uptick from the minimum.
California Water News
· Almond Board wants growers credited for reducing water use.
· Court orders California county to ensure groundwater pumping doesn’t harm streams and fish.
· Water Matters: The Future of Water Conservation.
· Water transfer from Klamath Basin ranch to California refuge ruled lawful.
· State Water Board needs to get up to speed on Kern’s new groundwater plan, speakers say.
· Fresno district marches toward groundwater recharge goals.
US Water News
· Authors of new Colorado River study want water officials to close loophole.
· Cedar City Secures $2 Million Grant to Launch Water Reuse Project Amid Aquifer Concerns.
· State embarks on world’s largest restoration project in efforts to protect clean drinking water: ‘The potential benefits … are significant’.
· Many Mountain West farmers are ready to sell groundwater rights as aquifers shrink.
· New technology in the Upper Colorado River basin states will measure water lost to the sky.
Global Water News
· BRICS Bank Approves $1 Billion Loan for South African Water.
· Quality of world’s freshwater worsens as data gaps mask extent of crisis.
· Water crisis creates risk to India’s credit strength: Moody’s report.
· MIL-OSI Economics: ADB Approves $93.6 Million Financing to Support ‘WASH’ Services in Rural Cambodia.
· Non-revenue water losses in the Middle East: challenges and solutions.
· Welsh Water Raises Debt As Thames Problems Weigh on Sector.
· Water companies say Ofwat must rethink £17bn cut to AMP8 or environment and economy lose.
NQH2O Market Update:
· Price Action: NQH2O hits $437.29, down $7.58 (1.70%). YTD gain stands at 124.67%.
· Futures Activity: While futures ranged at a premium to spot $15.27 to $19.27, this is an average reduction of $5 from the previous week.
· Volatility & Momentum: Futures volatility premiums have reduced. Stochastic indicators are flatlining at the minimum.
California Water News
· As national heat deaths rise, California girds for worsening bouts of extreme temperature.
· Water Blueprint for the San Joaquin Valley and Southern California Water Coalition submit urgent request to Governor Newsom and Interior Secretary Haaland to suspend action reducing water supplies for 2024.
· Kern disputes state’s take on its groundwater plan at first of two workshops.
· Westland’s launches major groundwater recharge project expected to revolutionize water management.
· Solar-Paneled Canopies over Canals Catching on in Southwest.
US Water News
· We bought time to fix the Colorado River. What happens when the money runs out?
· Conservancy acquires 500 acre-feet of Walker groundwater rights.
· “Texas does not run on oil and gas; water is the true lifeblood of its economy,” Sarah Schlessinger, Texas Water Foundation.
· New York announces $265 million for water infrastructure projects.
· $188 Million WIFIA Loan to Upgrade, Expand Water Services in Central Florida.
Global Water News
· Resilient water infrastructure partnerships in institutionally complex systems face challenging supply and financial risk tradeoffs.
· Brazil puts up US$130mn for water projects.
· Mining damage to peat swamps and Sydney’s water supply ‘likely irreversible’, says study.
· Mint Sustainability Summit: Bisleri CEO pushes for water credits to tackle India’s water scarcity.
· El Niño Related Drought in Southern Africa Leaves 68 million in Near Famine.
New digital control hub for Cape Town’s water and sanitation.
NQH2O Market Update:
· Price Action: NQH2O hits $444.87, up $2.14 (0.48%). YTD gain stands at 128.56%.
· Futures Activity: While futures ranged at a premium to spot $15.27 to $19.27, this is an average reduction of $5 from the previous week.
· Volatility & Momentum: Long term volatility remains high, whilst short term volatility is at a discount. Stochastic indicators are neutral.
California Water News
· Cadiz Announces Northern Pipeline Now Contracted for 85% Capacity.
· EXPLAINER: Where does California’s water come from?
· Department of Water Resources(DWR) Announces California Aims to Improve Ability to Measure How Much Water is Flowing throughout the State, Critical to Managing Water Supplies.
· Westlands uses $1 million instate money to take out orchards, increase recharge.
US Water News
· Texas could spend $55 billion to prevent flooding.
· Drought in US West Has Cost Hydropower Industry Billions in Losses.
· US Plans to Limit Water Usage from Colorado River.
· Following curtailment fight, Idaho water users seek long-term solution.
· Summit County Commits $1Million for Shoshone Permanency: United Effort Reaches $55 Million to Secure Western Slope Water Rights.
· Arizona, Nevada, and Mexico to Face Unchanged Colorado River Water Cuts Amid Persistent Drought.
Global Water News
· ‘The land is becoming desert’: drought pushes Sicily’s farming heritage to the brink.
· Romanian farmers worried for soil as drought devastates land.
· Countries’ climate obligations could be legally defined at top UN court in December.
· Disparity between global drought hazard and awareness.
· Eight firms set to gain from £3.7bn water framework.
· $274 million to remove constraints to environmental flows in Murray‑Darling Basin.
NQH2O Market Update:
· Price Spike: NQH2O hits $442.73, up $2.63 (0.60%). YTD gain stands at 127.46%.
· Futures Activity: While futures ranged at a premium to spot $15.27 to $41.14, this is an average reduction of $9 from the previous week.
· Volatility & Momentum: Long term volatility remains high, whilst short term volatility is at a discount. Stochastic indicators have started to flatline at the minimum.
California Water News
· USDA Providing $400 Million to Support Water Management in the West.
· Friant Water Authority pins projected canal project shortfall on four ag water districts, wants them to pony up.
· Cadiz releases new aerial tour of Aquifer System Feeding Mojave groundwater bank.
US Water News
· Mind the Gap: Year long Analysis Identifies Diverse Water Measurement Needs in Great Salt Lake Basin.
· Birmingham Water Works to get $171 million WIFIA loan.
· El Paso Water’s $1.2M New Mexico fine dropped in settlement of sewage discharge case.
· Rep. Cuellar Announces $20million authorization for Water and Wastewater Infrastructure in Zapata County and Falcon Lake Dredging Project.
· SpaceX repeatedly polluted waters in Texas this year, regulators found.
Global Water News
· Bill creating Dep’t of Water Resources reaches Senate plenary.
· Effect analysis of government intervention on scale-heterogeneous farmers’ behavior of groundwater exploitation.
· Piauí state postpones auction for US$1.74bn water concession.
NQH2O Market Update:
· Price Spike: NQH2O hits $440.10, up $10.24 (2.38%). YTD gain stands at 126.11%.
· Futures Activity: Futures closed at premiums ranging from $30.90 to $44.14 above the index over the past week.
· Volatility & Momentum: Long term volatility remains high, whilst short term volatility is at a discount. Stochastic indicators have dropped slightly from the maximum.
California Water News
· How Have California’s Water Issues Changed in the Past Thirty Years?
· State forecasts lower deliveries of imported water over next 20 years.
· Ninth Circuit won’t rehear delta smelt defenders’ challenge to Central Valley Project water contracts.
· Water shortage looms for future California development.
US Water News
· Data Shows Rio Grande Water Shortage Is Not Just Due to Mexico’s Lack of Water Deliveries.
· Interior invests $105M into water conservation projects.
· Rio Grande Valley agriculture faces water uncertainty.
· Texas reaches best drought conditions since October 2021, mixed improvements in Texas Panhandle.
· Amid drought and climate change, El Paso Water poised to end reliance on Rio Grande for drinking water.
Global Water News
· In water-starved Punjab, plans for a new irrigation canal raise several concerns.
· Agtech Rubicon Water raising$18m to capitalise on sharp rise in US opportunities.
· Southern Murray-Darling Water Markets Lose $2B Despite Buybacks.
· South African Towns Owe Water Boards $1.2 Billion.
· Fines of £168m imposed on three Water companies.
· Bank of Montreal Said to Sell Thames Water Debt at 30% Discount.
How public-private partnerships can drive innovations in water efficiency and sustainability.
NQH2O Market Update:
· Price Spike: NQH2O hits $429.86, up $12.28 (2.96%). YTD gain stands at 120.85%.
· Futures Activity: Futures closed at premiums ranging from $44.14 to $59.42 above the index over the past week.
· Volatility & Momentum: Both long and short term remains high, whilst short term volatility is at a discount. Stochastic indicators have dropped slightly from the maximum.
California Water News
· Rising from the ashes: Groundwater agency blamed for Kings County probationary woes relaunches.
· The American West’s last quarter-century ranks as the driest in 1,200 years, research shows.
· Climate change and green energy will test California’s biodiversity.
· Climate whiplash and hydropower: challenges and solutions in California’s Sierra Nevada Basins.
US Water News
· Barriers Designed to Prevent Saltwater Intrusion May Worsen Inland Flooding.
· Study: Irrigation Tax Could Steer Farmers From Water-Intensive Crops.
· Six tribal water rights settlements for NM heard on Capitol Hill.
· Texas allocates $3 billion to enhance state water projects.
Global Water News
· UK’s Southern Water Risks Downgrade to Junk by Moody’s.
· Record drought tests Sicily’s water infrastructure and tourism industry.
· IDB Invest and BNCR partner for Costa Rica’s first blue bonds.
· Wildfires don’t just burn. They can also pollute aquatic ecosystems.
· A quarter of the planet faces extremely high water stress.
NQH2O Market Update:
· Price Spike: NQH2O hits $417.58, up $9.52 (2.33%). YTD gain stands at 114.54%.
· Futures Activity: Futures closed at premiums ranging from $27.07 to $43.07 above the index over the past week.
· Volatility & Momentum: Long-term volatility remains high, while short-term volatility is at a discount. Stochastic indicators are peaking at maximum levels.
California Water News
· West broiling, burning despite drought relief.
· New Scientific Strategy Helps Make Case For Holistic Management Of California Rivers.
· Californians’ water usage is down 9% and other takeaways from The Times’ updated water tracker.
US Water News
· Thirsty New Subdivisions Have Made the Texas Groundwater Crisis Plain to See.
· Lawmakers take up $5B Colorado River settlement.
· As the Rio Grande runs dry, South Texas cities look to alternatives for water.
Global Water News
· T. Rowe Price bets on fast growth in $7B blue bonds market.
· Uncovering the link between meltwater and groundwater in mountain regions.
· Warnings for Scottish farmers and distillers as new data indicates climate change may double number of droughts.
· Water Rights Spark Tension As Murray-Darling Basin Plan Shapes Agriculture.
· Citi Sees ‘Significant Opportunities’ in Climate-Adaptation Finance.
· Cleantech Startup CarbonBlue Raises $10 Million to Scale Up Water-Based CO2 Removal Technology.
NQH2O Market Update:
· Price Spike: NQH2O hits $408.06, up $25.13(6.56%). YTD gain stands at an impressive 109.65%.
· Futures Activity: Futures closed at premiums ranging from $27.07 to $43.07 above the index over the past week.
· Volatility & Momentum: Long-term volatility remains high, while short-term volatility is at a discount. Stochastic indicators are peaking at maximum levels.
California Water News
· Judge Issues Temporary Restraining Order Against State Water Resources Control Board.
· Climate change is making it harder to estimate Sierra snowpack. AI may be able to help.
· California’s freshwater ecosystems are in urgent peril: new report suggests a portfolio of tools may help.
· From litigation to collaboration: How environmentalists and water agencies went from fighting overfish to helping them.
· Energy storage project above Isabella Lake is back on the table, along with two other similar proposals.
US Water News
· Lake Powell beats forecast by 4 feet as runoff ends; projections show stability at Lake Mead.
· Yavapai-Apache Nation looks to ratify its water rights settlement on Capitol Hill.
· South Texas leaders push to meet with incoming Mexican president over water debt ‘crisis’.
Global Water News
· BNCR sells Costa Rica’s first blue bond.
· Namibia issues ground water warning.
· Every water firm in England and Wales under investigation over sewage spills.
· A.O. Smith to acquire India-based water purification business for $120 million.
Rising risk of UK’s Thames Water being broken up, JPMorgan warns.
NQH2O Market Update:
· Price Surge: NQH2O hits $382.93, up $36.25 (10.46%). YTD gain stands at an impressive 96.74%.
· Futures Activity: Futures closed at premiums ranging from $32.07 to $48.32 above the index over the past week.
· Market Position: Demand is outstripping supply hence futures prices are outperforming all moving averages.
· Volatility & Momentum: Long-term volatility remains high, while short-term volatility is at a discount. Stochastic indicators are peaking at maximum levels.
California Water News
· New Scientific Strategy Helps Make Case For Holistic Management Of California Rivers.
· New law pressures water agencies to meet 2040 goals.
· In California, Thompson Fire impacts Oroville Dam and powerhouse.
· California to impose first-ever permanent water restrictions on cities and towns.
US Water News
· Arizona Congressional Delegation Introduces $5 Billion Tribal Water Rights Legislation.
· Beryl Is Unlikely to Bring Relief to Drought-Stricken Parts of Texas.
· Leaders in Arkansas water infrastructure hope for relief with latest federal funding.
· Old pipes cause Texas cities to lose tens of billions of gallons of water each year.
Global Water News
· Efficient water quality management could reduce future water scarcity by half.
· Thames Water prepares debt contingency plan as it warns on cash.
· Monsoon storms batter India with floods and lightning strikes.
· Water company fined for not supplying data.
NQH2O Market Update:
· Price Surge: NQH2O hits $346.68, up $9.54 (2.83%). YTD gain stands at an impressive 78.11%.
· Futures Activity: Futures closed at premiums ranging from $48.32 to $58.86 above the index over the past week.
· Market Position: Demand is outstripping supply hence futures prices are outperforming all moving averages.
· Volatility & Momentum: Long-term volatility remains high, while short-term volatility is at a discount. Stochastic indicators are peaking at maximum levels.
California Water News
· New report analyzes the devastating impact that rising groundwater could have on East Palo Alto.
· Kaweah’s new groundwater plan may be enough to negate state action, if they can see eye-to-eye on subsidence.
· Laser, sonar technology finds that a northern California reservoir’s capacity has shrunk by 3%.
· New California drinking water report to guide distribution of $855 million to communities in need.
· California voters likely to decide $20 billion in bonds for climate and schools.
· Data Is Key to Protecting California’s Groundwater.
US Water News
· Breaching Snake River dams could drop reservoirs, groundwater levels by 100 feet.
· Sanders announces $60M instate wide water infrastructure funding.
· Does Arizona have enough water? Phoenix-area cities are spending big to make sure it does.
· New Mexico leaders strategize on water resiliency amidst two-decade-long drought.
Global Water News
· Farmers managing crop patterns using technology to monitor groundwater level.
· Thames Water accused of ‘chicanery’ over £150m dividend payment.
· China is struck by floods and drought—at the same time.
· India’s monsoon rains cover entire country ahead of time.
· Australian water tech goes global.
NQH2O price is $337.14 up $27.54 or 8.90%. YTD: up 73.21%
The futures prices have ranged from closing at a premium of $33.40 to $79.40 versus the index over the past week.
The futures price is above all the moving averages.
The futures volatility is at a premium.
The stochastic is peaking at the maximum.
California Water News
· Reclamation again increases 2024 Central Valley Project water supply allocation.
· Cadiz Signs Northern Pipeline Delivery Agreement with Santa Margarita Water District.
· California to deliver more water to cities after heavy rain storms.
· Reclamation and Partners Celebrate Completion of Critical Water Supply Infrastructure for California’s San Joaquin Valley.
· California judge grants injunction in water conveyance project.
· Kern pistachio farmer ordered to pay $30 million in back fees to high desert groundwater agency.
US Water News
· Arizona will halt new home approvals in parts of metro Phoenix as water supplies tighten.
· The Supreme Court rejects a settlement in a water dispute between New Mexico and Texas.
· Biden-Harris Administration Delivers Additional $43 Million for Rural Water Projects, as Part of Investing in America Agenda.
· Governor Hochul Announces $300Million Investment to Make Water Infrastructure Projects Affordable Across New York State.
Global Water News
· IFC offers $150 million financing package to SeABank.
· In a first in Kerala, water supply system in Kochi to be entrusted to private firm.
· Water company plans £89m shareholder payout despite sewage conviction.
· Suez sees water fueling investment boom.
Water purchase scheme turns tide for Indigenous owners.
Best Regards,
NQH2O price is $309.60 up $26.76 or 7.60%. YTD: up 59.06%
The futures prices have ranged from closing at a premium of $49.40 to $71.26 versus the index over the past week.
The futures price is above all the moving averages.
The futures volatility is at a premium.
The stochastic is peaking at the maximum.
California Water News
· Only 8% of California rivers and streams have gauges measuring flow, study finds.
· California environmental groups appeal court ruling in favor of plan to build new reservoir.
· In rain, snow and drought, California’s fights over water rights, supplies persist.
· New program to help Kern residents with nitrate-tainted water.
US Water News
· NASA Satellites Find Snow Didn’t Offset Southwest US Groundwater Loss.
· Arizona leaders talked a good game on water, then ended with chaos.
· Texas water fight shows pushback on ‘clean’ hydrogen.
· Arizona to invest $8.5 million for water conservation project.
Global Water News
· UK State-Backed Pensions Investor Weighs Stake in Thames Water.
· Global Warming Could Make Groundwater Undrinkable for Future Generations.
· From Drought To Desertification, New Report Lays Out Evidence On Interconnected Environmental Crises.
· Water purification invention could help millions.
· £380m water company sale approved by watchdog.
NQH2O price is $287.74 up $26.76 or 10.25%. YTD: up 47.83%
The futures prices have ranged from closing at a premium of $11.26 to $21.02 versus the index over the past week.
The futures price is above all the moving averages.
The futures volatility is at a premium.
The stochastic is peaking at the maximum.
California Water News
· Cadiz Signs LOI with City of Hesperia for Water Supply.
· Report finds Kern leads valley in aquifer recharge, but that more could be done.
· Environmental group concerned draft application for dam removal delay will slow project.
US Water News
· Tribes turn to Congress to seal $5B Colorado River settlement.
· Reclamation updates Colorado River consumptive uses and losses data.
· Nevada, Western states get $700 million boost from US for water conservation.
· $19M in federally funded water infrastructure projects set to begin in Arizona.
· Lakes across North America are being impacted by wildfire smoke, even when the blaze is nowhere nearby.
· How much money did the Atlanta water crisis cost local businesses?
Global Water News
· Fidelity’s Atkinson: Blue bonds are growing in popularity but challenges remain.
· The impacts of further water recovery in the southern Murray–Darling Basin.
· Drying up: What Urban India needs to fix its water problem.
· UltraTech becomes five times water positive.
· Wales’ water pollution spikes, despite £483m spend.
· Antofagasta Signs $600-Million Deal To Boost Water Supply For Centinela Expansion.
· Brazilian state launches notice for US$1.2bn water, sewerage concession.
NQH2O price is $260.98 up $22.08 or 9.24%.
The futures prices have ranged from closing at a premium of $11.10 to $21.02 versus the index over the past week.
The futures price is above all the moving averages.
The futures volatility is at a premium.
The stochastic is peaking at the maximum.
California Water News
· Strategic stream gauging network design for sustainable water management.
· California to receive half a billion federal dollars for water infrastructure improvement projects.
· Calaveras County Water District Secures $11.2 Million.
· State water agency approves long-term drought plan.
US Water News
· Idaho farmers say water curtailment order will dry up land, push them out of business.
· WA drought has already led some to shut off water to farmers.
· Colorado River Project Included In Latest Round Of Federal Water Funding.
· Iowa readies a $200 million bond to control agricultural runoff and improve water quality.
Global Water News
· Thames Water’s Banks Tap Perella Before Potential Debt Talks.
· ACWA Power Signs $738 Million Worth Agreements to Finance Water Desalination Project in the Emirates.
· Britain risks a cripplingly expensive mistake if the water industry goes belly up.
· Groundwater is heating up, threatening life below and above the surface.
NQH2O price is $238.90 up $13.09 or 5.80%.
The futures prices have ranged from closing at a discount of $3.81 to a premium of $20.19 versus the index over the past week.
The futures price is above all the moving averages.
The futures volatility is at a premium.
The stochastic is peaking.
California Water News
· California Department of Water Resources (DWR) Using Science to Protect and Track Salmon and Steelhead.
· California needs bold new strategies to save what’s left of its freshwater species.
· Los Angeles water recycling project gets $99M in funding, building on SNWA collaboration.
· State representatives and Bureau of Reclamation announce $159 million for Southern California Water Resilience.
· Delta tunnel may be nearing a historic decision.
US Water News
· Groundwater Accounting Platform Offers Data-Driven Solution for the American West.
· How Volunteer ‘Streamkeepers’ Influence Water Policy Across The West.
· Colorado River Shortages Drive Major Advances In Recycled Sewage Water Use.
· American farmers suffer as water crisis escalates near the border.
Global Water News
· Water storage down to 23% in2,994 dams in Maharashtra.
· Mexico’s electricity demand hits record amid extreme heat and water shortages.
· Accusations flare as Mexico City’s water crisis approaches ‘day zero’.
· Ofwat set to refuse water companies’ price increases; shares hit.
· Namibia Declares State of Emergency Over Drought.
NQH2O price is $225.81 up $27.95 or 14.13%.
The futures prices have ranged from closing at a discount of $1.81 to a premium of $22.14 versus the index over the past week.
The futures price is above all the moving averages.
The futures volatility is giving mixed signals.
The stochastic is peaking.
California Water News
· California county’s farm bureau sues over state monitoring of groundwater.
· Report shows inflation has boosted the delta tunnel cost to $20 billion – or more.
· Delta Tunnel Project to Generate $38 Billion in Economic Benefits As Costs Rise.
· As salmon populations struggle, California bans fishing on rivers for a second year.
· Revised State Budget Cuts $500Million for Water Storage, Sites Reservoir Slowly Inching Forward.
US Water News
· EPA awards $1 million for cleanup and redevelopment projects in Spanish Fork and Murray, Utah.
· Arizona receives $12.5M for 3 water infrastructure projects.
· Texas lawmakers in DC push Congress to withhold aid from Mexico over water treaty.
· At least $630 billion needed for wastewater, stormwater over next 20 years.
· Xcel Energy sells Shoshone water rights.
Global Water News
· Awareness program on groundwater recharge held in Hyderabad.
· Global Water Forum: Experts Criticize Avocado Cultivation in Morocco as a Wasteful Mismanagement of Groundwater Resources.
· Managing aquifers to deal with groundwater loss.
· Water investors have withdrawn billions, says research.
· $230m desal project aims to deliver water for SA renewables.
· World Bank help to restructure US$800mn debt in Sri Lanka water sector.
NQH2O price is $197.86 up $0.36 or 0.18%.
The futures have been closing at a premium of $5.50 to $22.14 versus the index over the past week.
The futures price is above all the moving averages.
The futures volatility is at a premium to the index.
The stochastic has peaked and is now moving into the midrange.
California Water News
· Last Klamath River dam starts to come down as nation’s largest removal project proceeds.
· Cadiz Subsidiary ATEC Water Systems Awarded $5.2 Million Contract, Increases ATEC 2024 Revenue Forecast to$15 Million from $12 Million.
· SMWD’s Largest Recycled Water Reservoir Nears Capacity.
· Nestle told to stop spring water diversions in San Bernardino Forest.
· Los Angeles County captured 96 billion gallons of water during storm season.
US Water News
· Nevada may expand cash-for-water rights programs for imperiled regions.
· Lingering drought effects are stealing the runoff thunder from Utah’s snowpack.
· Proposed settlement is first step in securing Colorado River water for 3 Native American tribes.
· Biden-Harris Administration Marks 2024 Infrastructure Week as $11.5 Billion in Water Infrastructure Investments.
· US dedicates $60 million to saving water along the Rio Grande as flows shrink and demands grow.
Global Water News
· Factors influencing farmers’ adoption of solar water-pumping systems in Gujarat.
· Puerto Rico to Get $28.6 Million for Lead Pipe Replacement to Advance Safe Drinking Water.
· More desalination is coming to Australia’s driest states—but super-salty outflows could trash ecosystems and fisheries.
Veolia Wins $320 Million Water Technology Contract for World’s Most Energy-efficient Desalination Plant, Enhancing Water Security in UAE.
NQH2O price is $197.50 up $0.36 or 0.18%.
The futures have been closing at a premium of $5.50 to $5.86 versus the index over the past week.
The futures price is below all the moving averages except the 5 day and 120 day MA.
The futures volatility is at a premium to the index.
The stochastic has moved to the downside.
California Water News
· California reports the first increase in groundwater supplies in 4 years.
· Northern California dam flood control operations found to harm endangered salmon.
· California’s second-largest reservoir hits 100% of its total capacity.
US Water News
· 2 Utah projects get federal funding to help improve water systems in the West.
· Biden-Harris Administration Delivers $147 Million from Investing in America Agenda for Drought Resiliency and Water Supply Reliability Across the West.
· At least 400 rescued from flooding in Texas as waters continue rising.
· New Mexico efforts to catalog lead water lines off to ‘slow start’ as federal money flows in.
· State, federal agencies announce $200M investment in Lake Mead.
Global Water News
· Rainfall allows Catalonia to ease water restrictions for first time since drought began.
· April breaks global temperature records for 11th month in row. What role did El Nino play?
· Europe’s Vineyards Face a Dry Future.
· Granada prepares for drought crisis with 280m-euro investment.
· Access to groundwater to unlock sustainable solutions for the Horn of Africa.
NQH2O price is $197.14 up $0.35 or 0.18%.
The futures have been closing at a premium of $11.21to $13.30 versus the index over the past week.
The futures price is below all the moving averages except the 120 day MA.
The futures volatility is at a premium to the index.
The stochastic has peaked and returned to the mid range.
California Water News
· Study says California’s 2023 snowy rescue from megadrought was a freak event. Don’t get used to it.
· California water managers advise multipronged approach in face of climate change.
· State water managers see improved delivery forecasts, but demand still outpacing supply.
· Lawsuit demands that Water Board take action on outdated DWR water rights before Delta Tunnel can be approved.
· Another Increase to the State Water Project Allocation.
US Water News
· Six Upper Basin tribes gain permanent foothold in Colorado River discussions at key interstate commission.
· Western lawmakers ask USDA to bolster drought response.
· Nevada Residents Concerned About Water as Levels Drop.
· El Paso Water service in new neighborhoods could cost $1 billion over 10 years. Who should shoulder the cost?
Global Water News
· Is swapping debt to protect nature the key to solving Africa’s climate woes?
· Study provides new global accounting of Earth’s rivers.
· €41m investment to safeguard water supply.
· Risks of Thames Water crisis contagion look overdone.
NQH2Oprice is $196.79 up $2.09 or 1.07%.
The futures have been closing at a premium $11.21 to $13.30 versus the index over the past week.
The futures price is on the 5 day moving average but above the 10 day, mid term and long term moving averages.
The futures volatility is giving mixed signals in comparison to the index.
The stochastic is moving up towards the mid range.
California Water News
· State Water Project Increases Projected Water Supply Allocation.
· La Niña watch is on: How will it impact California’s weather?
· Salton Sea Authority approves$2.7M budget.
· Mesa announces $1.75 million federal investment in 2 water infrastructure projects.
· Cadiz Announces Water Supply Agreement with Solstra Communities to Support Bold Attainable Housing in Santa Barbara County.
US Water News
· Michigan gets $290M boost for water upgrades as Flint crisis anniversary nears.
· AI is taxing Arizona power, water and residents.
· Construction begins on $16M Ishpeming sewer infrastructure project.
· Biden-Harris Administration Announces New Interagency Effort to Support Tribal Water and Sanitation Infrastructure.
Global Water News
· Hedge fund Elliott Management scoops up Thames Water bonds.
· India: How Water Pollution Triggers Migration Waves
· Drought, food shortages and deadly heat: El Niño has ended but its impacts are still being felt.
· China’s Cities Are Sinking Below Sea Level, Study Finds.
NQH2O price is $194.70 up $4.21 or 2.21%.
The futures have been closing at a premium $9.51 to $17.51 versus the index over the past week.
The futures price is above the 5 day moving average but below the 10 day, the 20 and the 30 day moving averages. The price is above the long term 100 and on the 120 day.
The futures volatility is giving mixed signals in comparison to the index.
The stochastic is moving up towards the mid range.
California Water News
· Metropolitan Water commits up to $250 million for previously untapped water sources.
· State board puts first groundwater basin on probation.
· $18 million investment from Inflation Reduction Act benefits native seed increase projects in the Mojave Desert.
· California farmers depleted groundwater in this county. Now a state crackdown could rein them in.
US Water News
· Dozens of Texas water systems exceed new federal limits on “forever chemicals”.
· Damage found inside Glen Canyon Dam increases water risks on the Colorado River.
· Texas seeks public input for $1billion water fund.
· ‘Water is more valuable than oil’: the corporation cashing in on America’s drought.
· Water leaders proposing possible changes to assured water supply rules.
Global Water News
· Can India withstand a water crisis?
· Hedge Funds Including Millennium Are Shorting UK Water Companies.
· Water theft laws and penalties in the Murray-Darling Basin are a dog’s breakfast. Here’s how we can fix them.
· No one has security over Thames Water’s assets.
NQH2O price is $190.49 down $25.43 or 11.78%.
The futures have been closing at a premium $7.08 to $11.08 versus the index over the past week.
The futures price is below the 5 day moving average and the 10 day short term, the 20 and the 30 day mid-term, the long term 100 and on the 120 day.
The futures volatility is at a premium to the index.
The stochastic is giving volatile signals as its drops to the minimum.
California Water News
· Clean air, water, environment amendment passes first hurdle in California Assembly.
· California’s Lake Shasta Set to Fill Completely.
· Newsom’s Delta pitch: It’s for the climate.
· California Farm Bureau Reports Despite Wet Year, Fish Protections Limit Allocations.
· California Snowpack is Above Average for the Second Straight Year.
· California unveils research into ‘floating solar’ project over major canal.
US Water News
· Lithium Companies Fight Over Water in the Arid Great Basin.
· Water & power collide in proposed $100 million Colorado River deal.
· DENR set to cancel 3,000 water rights.
· Turning oil industry waste into water wealth in the desert.
· Colorado River states get a wet winter, but Lake Powell will get below-average runoff, forecast says.
· SD agency grants over $172 million for water projects throughout state.
Global Water News
· European climate risks have reached critical levels, says EEA.
· Australia’s Macquarie among lenders to Thames Water’s parent company.
· Sierra Leone: African Development Bank Executive Directors visit key water project.
· Up to £11m in water company fines will be reinvested to improve waterways, UK government says.
· Global source water exceeds safe drinking limits of PFAS.
NQH2O price is $215.92 up $0.08 or 0.04%.
The futures have been closing at a premium $7.08 to $9.16 versus the index over the past week.
The futures price is below the 5 day moving average and the 10 day short term, but still above the 20 and the 30 day mid-term and above the long term 100 and 120 day.
The futures volatility is at a premium to the index.
The stochastic is dipping slightly below the maximum levels.
California Water News
· ‘Way, way, way above normal’ rains could set all-time L.A. record as wet weather continues.
· IID granted $7 million to construct the largest reservoir in district history.
· Two dams are coming down on California’s Eel River. Will it threaten water supplies?
· Sierra Nevada snowpack‘ unusually normal’ and reservoirs are brimming as winter season winds down .
· Court ruling against bond financing for controversial delta tunnel won’t impede project, state says.
US Water News
· Sinking cities: How land subsidence is affecting Arizona.
· This new proposal for Colorado River sharing prioritizes the environment.
· Most of the Colorado River’s diverted water goes to agricultural uses, study finds.
· New Mexico to invest $500M in first-of-its-kind strategic water supply build-out.
Global Water News
· Climate Change Is Driving a Global Water Trade You Can’t See.
· Irrigation-driven groundwater depletion in the Ganges-Brahmaputra basin decreases the streamflow in the Bay of Bengal.
· India’s most innovative cities are running out of water.
· 3M gets final court approval for $12.5 billion ‘forever chemicals’ settlement.
· Australia On Track For unprecedented, Decades-Long Megadroughts.
NQH2O price is $215.84 down $0.96 or 0.44%.
The futures have been closing at a premium $12.20 to $13.16 versus the index over the past week.
The futures price is on the 5 day moving average and still above all the moving averages, the 10 day short term, the 20 and the30 day mid-term and above the long term 100 and 120 day.
The futures volatility is at a premium to the index.
The stochastic is dipping slightly below the maximum levels.
California Water News
· Bureau of Reclamation Increases 2024 Central Valley Project Water Supply Allocations Statement.
· With snowpack at normal, what’s the hold up with Ag water allocation?
· Back-to-back storms to soak West Coast, trigger flood threat in California.
· How Business and Government Might Solve the Freshwater Crisis—Together.
· Facing SGMA challenges, Kings County stares down water pumping fees.
US Water News
· Facing SGMA challenges, Kings County stares down water pumping fees.
· Lake Powell is about to get a boost. How much will it help?
· Reusing and purifying, this Colorado town will use 100% renewable water by 2065.
· Governor Katie Hobbs Signs Bill to Extend Douglas AMA Water Right Deadline, Appoints Groundwater Users Advisory Council.
Global Water News
· New solar-powered system converts saltwater into drinking water.
· Conflicts Loom if We Don’t Solve the Global Water Crisis.
· Emerging trends and early outcomes signal impactful 2024 proxy season for climate-related proposals.
· Droughts in Europe could be avoided with faster emissions cuts.
· Group Five Saudi secures $800Million contract for Riyadh water project.
NQH2O price is $216.80 up $0.53 or 0.25%.
The futures have been closing at a discount of $0.27 to premium of $6.73 versus the index over the past week.
The futures price is still above all the moving averages, the 5 and 10 day short term, the 20 and the 30 day mid-term and above the long term 100 and 120 day.
The futures volatility is at a premium to the index.
The stochastic is dipping slightly below the maximum levels.
California Water News
· California policy protecting major rivers upheld in long-awaited court decision.
· The Supreme Court slashed wetland protections. California is trying to fill the gap.
· California Finally Starts Digitization of Water Rights Records.
· California proposes delaying rules aimed at reducing water on lawns, concerning environmentalists.
· State board to vote on reducing extraction fees for probationary basins.
US Water News
· Historic Upper Colorado River Basin Agreement Requires States to Meet with Tribes.
· Better snowpack for Colorado River may fend off ‘whiplash’ of recent years.
· Water authority allocated $20 million by Legislature.
· Researchers take deep dive into how much water is stored in snow.
Global Water News
· Failing Water System Is South Africa’s Next Crisis.
· The Panama Canal averts a crisis for now—but at a cost to drinking water.
· São Paulo state set to increase irrigation initiatives.
· Wall Street Banks to End Euro Drought With Bonds Worth Billions.
· Can Catalonia learn to live with drought?
· Chile eyes year-end tender launch for first desalination concession.
NQH2O price is $216.27 up $5.83 or 2.77%.
The futures have been closing at a discount of $0.23 to $4.44 versus the index over the past week.
The futures price is above all the moving averages, the 5 and 10 day short term, the 20 and the 30 day mid-term and above the long term 100 and 120 day.
The futures volatility is at a premium to the index.
The stochastic is peaking at the maximum.
California Water News
· Second San Joaquin Valley groundwater subbasin recommended for state takeover.
· ‘Simply catastrophic’: California salmon season to be restricted or shut down — again.
· California’s Plan to Store More Storm Water Against Future Drought.
· First Phase of AEM Survey Project to Map Groundwater Supplies Gets Completed.
US Water News
· Saudi Business to Leave Arizona Valley Amid Groundwater Spat.
· Unprecedented Water Rights Claim Stokes Okefenokee Legal Battle.
· As Oregon enforces its water use requirements, small farmers face the consequences.
· City of Rifle commits $100,000 to the Shoshone Water Rights Purchase.
· States relying on major river for water are pushing to make a deal before next presidential inauguration.
· Colorado River basin states pitch two alternative plans.
Global Water News
· Groundwater recharge is sensitive to changing long-term aridity.
· How the Groundwater Crisis May Impact Data Centers.
· Two billion people are threatened by land subsidence.
· Water Works: Jacobs And Mott MacDonald Team Up For Thames Water’s Multi-Billion Pound Projects.
· Water companies to invest more than £180m to tackle sewage spills.
· Water credits market being created to unblock development.
. Drought impact on pharmaceuticals in surface waters in Europe: Case study for the Rhine and Elbe basins.
NQH2O up another $6.00 or 0.61% to $984.54.
Near term futures at a discount to index.
All futures volatility at premium to index volatilities.
Futures are above the 5,10 and 20 day moving averages but below 30,100 and 120 day moving averages.
Questions arise on water rights over new proposed dam
NOAA predicts La Nina effect in 90 day outlook, with a 76% chance of lasting till February.
Southern California water agencies join other states to agree less water usage.
Santa Ana winds blow in Southern California for Thanksgiving.
100 year old rules on Colorado River coming into question.
Texas AG vows to protect Rio Grande Compact signed in 1938.
Largest dam removal in US approved to save endangered salmon.
Microsoft and others faces rising drought risk for data centres.
Novus miniature water purification technology ensures safer water for armed forces.
Dry weather in Southern EU raises concerns for winter crops.
Australian food producers call for banning of Murray Darling Basin Plan.
Gujarat in India has gone from water deficit to water surplus.
$2.5 trillion dollar blue economy investment opportunity.
NQH2O up $7.8 or 0.74% to 978.54.
Futures are trading at a discount to the index.
Futures volatility higher than index volatility.
NQH2O up 33.33% Year to Date.
‘It’s eat or pay the water bill’
More desalination for Monterey.
Recharge ponds being built to harness megastorms and floods in CA.
First US Special Envoy appointed for Biodiversity and water resources.
Plan to pump rural groundwater to Las Vegas may re appear.
Water firms may owe UK water users £163m for spillages.
Jordan under acute water stress.
Southern Europe drought sparks grain price hike.
Water buy backs remain on agenda to protect Murray Darling Basin.
ADB announces mobilising $200m for water resilience program.
NASA mission will measure all of earth’s water.
NQH2O down $20.37 or 2.05% to $971.36.
All futures volatility higher than index volatility.
NQH2O up 32.36% Year to Date.
Desalination may supply between 10%-50% of all potable water in CA.
As California dries, dust control becomes more expensive.
Rural farmers face fines for violating drought orders.
Supreme Court will hear Navajo Nation’s water rights case.
Foreign owned farmers guzzle water to feed cattle overseas.
Mississippi capital to receive $35.6m in federal water funds.
Creation of an Ocean Sustainability Bank.
Europe has warmest October on record.
France maize crop down due to drought.
Water is the essence of carbon sequestration.
Belize cuts its debt by using Blue Bonds to fight Global Warming.
Tanzania manages water in sanitation battle.
NQH2O down $11.41 or 1.15%.
Futures at a discount to index.
Big change in one month relative volatility.
Two global weather systems are battling it out over the Western US.
Pacific North American Oscillation (PNA) and La Nina.
November looks to be ruled by PNA which means rain in the West, including California.
Hooper Valley Indians sue US over CA water contracts.
Most CA water agencies fall short of 15% voluntary conservation.
Change is coming to Westlands Water District Board.
Mega water project in Guangdong China, moves forward.
Drought threatening wine industries.
Seedling mortality increasing in SE Asian forests.
Mixed signals for water price.
NQH2O down a further $25.64 or 2.49% to $1003.22
Futures at a discount to index.
Volatility signals mixed.
NQH2O up 36% Year to Date.
La Nina is predicted to persist till January in CA bringing a dry warm winter.
Cadiz buys ATEC systems.
Agave is turning into a potentially favoured crop in CA.
Colorado snowpack at 229% of average, great news for Lake Mead.
United States of Megadrought Map.
Universal access to safe drinking water requires increased investment: World Bank, WHO, UNICEF.
Excessive water extractions and not climate change to blame for drying of Darling River in Australia.
Water security must be enhanced in India.
Peru is scaling up nature based resilience in water and climate.
China’s investment in water conservancy reaches record high.
NQH2O down $20.91 or 1.99% to $1028.86
Down 20% from its high.
NQH2O is still up 40% Year to Date.
Futures at a discount to the index.
Volatilities are high and mixed.
Fitch upgrades Mojave Water Agency Bonds to AA+.
Coalinga pays up 1284% for its water.
Gov Newson outlines $1billion plan to recycle water.
Metropolitan calls for banning of non-functional turf.
‘Water Batteries’ combined with renewables seen as a solution to power in CA.
Gila River tribe to take offer to conserve water in Lake Mead.
Austin is looking for water storage space.
World Bank steps into mediate India Pakistan water dispute.
Mexico to invest $200m in damaged water infrastructure in Baja.
Anglian Water fines £1.2m for causing pollution.
Drought threatens next years crops in England.
NQH2O at
$1233.04 up $18.98 or 1.56%.
Another new
all time high, for the 12th week in a row.
Mixed signals
this week from the moving averages.
Volatility
reversal where index volatility higher than futures.
530,000 acres
unplanted in CA. up 36% on last year.
San Diego’s
‘drought proof’ water is getting more expensive.
Will Agave be
CA’s new crop?
Tribes need to
be involved in water talks.
Arizona agri
groups pitch a payment plan on water.
Water will
become an Environmental Disclosure item for companies.
Wales may sell
water to England at a profit.
Flooding
wetland may become a new carbon capture technique.
$320m doubles
Perth’s rainfall independent water sources.
NQH2O up another $12.14 or 1.01% to $1214.06.
Another new all time high for 11th week in a row.
But below 5, 10 and 20 day moving averages.
Futures at a discount for first time in months.
Futures volatility has jumped versus the index.
Four things to know about Colorado Water and California.
Is SGMA compatible with farmland preservation?
Climate change doubles the likelihood of a mega flood in California.
Drought pushing the power grid to the brink.
Pipe dream? Mississippi water for the West?
Billion year old water found in South Africa.
Irreversible declines in freshwater storage in Asia by 2060.
Eastern Australia faces floods this spring.
India uses more groundwater than US and China combined.
Value of Murray Darling water rights hits $30 billion.
NQH2O up another $27.46 or 2.4% to $1171.60 another new all-time high.
Futures still at a premium to fair value.
Futures volatility higher than index volatility for all expiries.
NQH2O up 65.86% Year to Date.
Many hurdles still exist for tunnel to bring Northern Ca water to the Southern regions.
AVEK develops another water bank.
Desert agency to pay $8500 per AF for valley water rights.
More recycling of waste water to drinking water in SW.
Water sector debt can cause a market crisis.
$1.8bn plan to save MurrayDarling may fail.
Indian groundwater becoming ‘poisonous’.
National hosepipe ban in Britain.
NQH2O reaches its 8th consecutive all time high at $1144.14 up $3.15 or 0.28%.
But technical analysis shows price may be peaking as it is sitting on the 5 day moving average.
Futures sitting at a premium to fair value.
Volatility is mixed.
Monsoon activity from Mexico feeding moisture into the US affecting as far east as New York.
25% of LA water supply affected by drying of Colorado River.
EIA to be released for Delta tunnel.
Water wells may be taxed.
San Joaquin valley may repurpose 100,000 acres of farmland.
The Colorado River is the first climate disaster the US has legally had to deal with.
Drought threatens England as Southern Water applies for a drought permit to continue using River Test as a source of drinking water.
China’s new mega tunnel will send water from 3 Gorges Dam to Beijing.
Rajasthan to get Australian assistance for water sector.
Once again it is drought, drought and more drought news interspersed with fires and more water shortages in California.
NQH2O is at $1140.99 up $50.32 or 4.61%.
Near term futures still at a premium to fair value.
All futures volatilities higher than the index volatilities.
Second town in Tulare County runs dry, relying on hauled water.
Thinning of forests to avoid mega fires remains controversial.
Californian idle cropland may double.
Calls for water buy backs on Murray Darling in Australia.
Traditional landowners resort to AI and aerial footage to restore wetlands.
Heavy rains continue in Karala, India.
NQH2O at $1090.67 up $68.48 or 6.08% another new all time high.
Futures still at a premium to fair value.
Volatilities mixed.
Drought salinity barriers being considered.
Relooking CA water rights again.
Desalination always a consideration but often hampered by environmental concerns plus decreasing energy supplies as hydro diminishes.
Phoenix commits to leaving Colorado Water in Lake Mead.
Texas river flows approach new record lows.
Louisiana does little to regulate ground water.
Heavy rains in India cause state to urge Karnataka to increase dam discharge.
New South Wales city goes for week without drinkable water due to flooding.
1.2 billion year old groundwater discovered in mine in South Africa.
NQH2O at $1028,19 up $29.24 or 2.93%.
Futures at premium to fair value.
Volatility is variable over different time periods.
Spring river run off is up year on year.
97.5% of California in ‘severe’ drought.
California planning fossil fuels and possibly nuclear as back up to blackouts as hydro fails.
Hualapai Basin aquifer seeks to prevent depletion.
US Dept of Agriculture investing to expand rural water infrastructure.
World leaders looking at causes of water scarcity.
South Africa looking at alternative methods for groundwater identification.
Gas shortage may force Hamburg to ration hot water.
Indian Government drawing up plans for desalination plants along he coastline.
Will water pricing be the next carbon pricing?
NQH2O at $998.95 up $11.14 or 1.13% another new all time high for the 4th week in a row.
Mixed volatility signals between futures and index.
Futures still at premium to fair value.
Who is winning and losing in CA drought?
CA water supply to be audited to prevent last year’s early releases.
Bond market may be tapped to find new water resources in Arizona.
Mississippi water for parched West?
Saudi company pumping Arizona groundwater.
Milan turns off fountains in drought in Italy.
Mexico may offer fiscal benefits for firms saving water.
India- Bangladesh cross border diplomacy crucial to water management.
NQH2O at $987.81 up $26.88 or 2.80%.
New all time high for third week in a row.
Futures at a premium to fair value.
Mixed signals on the volatility with convergence occurring between futures and index volatility.
Start of monsoon season may bring some relief to Sothern California and Arizona.
Lake Oroville has peaked at 50% capacity.
Drip irrigation in California showing massive water savings.
Deepening fissures in the land threaten Arizona agriculture. Mini Grand Canyons forming.
Nearly 80% of Texas is in drought.
Saudi desalination using RO brings water to Makkah and Jeddah.
Major water transfer project to start in China.
Bagladesh’s economic success comes at the expense of its river.
Delayed Monsoon hits hydropower in India.
Snowy Hydo in Australia has too much water.
NQH2O at $960.93 up $18.19 or 1.93% another new all time high.
Futures still trading at a premium to both spot and fair value.
Mixed signals in volatility.
Record fallowing numbers in CA.
98% of CA in severe drought.
Antelope Valley continues groundwater storage study.
CA releases $193m grant funding for water infrastructure.
World Bank approves $385m for Horn of Africa groundwater development.
Groundwater depletion accelerating in Punjab.
Chilean reservoirs turn to desert.
Turkey and Iran squabble over transborder water management.
Mexican drought fuels anger over water equality.
Water imbalance in Asia puts 2 billion people at risk.
Good Morning
NQH2O reaches a new all time high mirroring the drought conditions in CA.
CA calls on all water agencies to submit water usage data sooner to foster transparency.
CA considers $1.5bn senior water rights purchase.
Navajo Nation leaders finalise Utah Water Settlement Act.
Arizona prepares to break open its Water Bank.
Tariffs could increase Indian sense of ownership of water and reduce wastage.
Collapse of ocean current could mean La Niña becomes the norm.
South Asian countries lose over $14.2bn a year due to lack of water sharing deal.
Drought, drought and more drought news out of California.
Mixed signals from the water derivatives, indicating we may have seen the worst of it.
NQH2O is down $18.37 or 1.96% to $917.08.
Below the 5,10,20 and 30 day moving averages but still above the 100 and 120 day.
Futures still trading at a premium to the index.
Old dam projects from the 1950’s are being dusted off and reconsidered.
Does CA have enough water for new homes?
Wildfires contaminate West’s water with ash.
Concretisation is causing declining groundwater and uprooting trees in Delhi.
Maharashtra dams at 38.47%, no water crisis if Monsoons arrive before June 10th.
Fixing the water climate nexus in Pakistan.
Severe water shortages strain wheat harvest in Iran.
Private water donations may help restore Australia’s wetlands.
NQH2O price at $935.45 up $0.07 or 0.01%
Market is moving sideways just below all time highs.
Below the 5 day moving average but above all other moving averages.
Stochastic has turned downwards indicating potential softening of price.
California to test solar panels over irrigation canals.
Largest US dam removal project in Northern California.
Some Sacremento farmers not getting water for first time in 60 years.
Arizona water crisis. Just the beginning!
Mesa declares ‘stage one’ water shortage.
2700 foot tunnel in Texas provides 350 million more gallons a day.
Rethinking water for sustainable development in Africa.
Final months of Murray Darling Basin plan.
Israel probes PFAs in water.
NQH2O at $935.38 up 0.48 or 0.05%.
June futures trading at a premium.
Futures above all moving averages.
Stochastic moving up sharply indicating more upside potential in the short term.
NQH2O up 32.35% Year to Date.
Mojave Water Agency imports water to store in an aquifer.
Hydropower’s future clouded by drought, floods and climate change.
Waiting for the water train in scorching India.
45.3% of Gambia’s population relies on contaminated water.
Water services in South Africa deteriorate despite billions being spent.
After fires and floods, climate conscious independents may determine Australia’s election.
NQH2O at
$934.90 or down $0.68 or 0.07%.
Mixed signals
from technical analysis and volatilities, which may indicate market has peaked
in the short team but may rise and peak higher in the next few months.
2022 driest
year on record so far in California. Ominous sign for summer and fall.
California
used 19% more water year to date in 2022 than in 2020.
Desalination
still a regulatory problem in California.
Arizona
desalination costs estimated at $3000 per acre foot, where market price is has
been $150 and lower.
Arizona
farmers see tech industry as competition for water.
Dam in
Queensland may create ‘most expensive water’ in Australia.
Large
groundwater found under Antarctic ice sheet.
Understanding
trading ground water entitlements and water allocations in Australia.
Chile’s miners
race for scarce commodity: Water.
NQH2O price down $3.01 or 0.32%.
Futures at a premium of $25 to $60 this past week.
Short term futures volatility at large discount to index volatility.
Near term futures below 5 day moving average, above the rest of the moving averages, potential first sign of market being ‘toppish’.
Upwards trend still intact.
Central valley could see a ‘mass migration’ of farm workers as land is fallowed under the state groundwater act.
Beyond paper: the complexities of fully leveraging tribal water rights.
Lack of ‘frozen water’ is alarming.
Metropolitan pushes ahead with ambitious water recycling plan.
Lake Powell: Water or electricity.
A reckoning Is coming to MurrayDarling Basin in Australia and its $13bn management plan.
Wetlands protection law delays building of new homes in England.
Water tanks a part solution to the water crisis in South Africa.
India’s Chennai South to take up emergency flood mitigation.
Risk of lower groundwater levels in Northern Sweden with warming climate.
NQH2O at
$938.59 up 4.35% or $39.09.
Small farmers
paying $2000 for small parcels of water to insure against crop loss.
A new June
2023 Futures contract showing a bid offer of $960@$1020 allowing water users to
plan a year in advance.
One week
futures volatility at 7.52% discount to the index.
NQH2O up 32%
Year to Date.
April showers
have lessened drought conditions but situation remains severe in California.
California
desalination plant hits regulatory hurdle.
Water
deliveries cut as Lake Powell approaches crisis level.
Reservoirs at
39% storage capacity.
DWR to make
proactive fish stock changes to lower impact of drought.
Nebraska
Governor signs a law to build a canal to divert the Colorado River from an
agreement reached 100 years ago.
New study on
water Resources in Himalayas.
5 states in
India extract nearly 50% of the groundwater.
Brunei commits
to tackling water challenges.
NQH2O up $106.89 or 13,34% to $899.50.
New short term price target $1015.
Monthly and weekly volatilities have reversed with the one week and one month index volatility at a premium to the futures volatility .
May contract futures premium reduced from +$78 to +$35.
NQH2O is up 27.34% this year.
Sonoma Court unveils first ever well water fees, pioneering Californian groundwater law.
‘Its not your groundwater, its our groundwater, we are all drinking from the same milkshake’ David Noren a resident of Sebastopol and Santa Rosa Advisory Board Member.
Oregon tribe opposes water release for farmers.
Fed plan for Colorado River helps Lake Powell but hurts Lake Mead.
Northern Arizona may see drinking water cut off.
Argentina: Fires then floods.
Indian PM Modi turning water conservation into a Mass Movement.
South Africa’s Kwazulu Natal has worst floods in history.
NQH2O up $0.19 or 0.02% to $792.61.
Futures premium to index ranging from +$13.39 to +$16.58.
Futures volatility is converging downwards to the index volatility.
Dryness a concern for Californian wildfires.
Drought and aquifer overdraft sink canals.
Lake Powell hydropower problem looms.
Tribes assert water rights on Colorado River.
Ancient water system being brought back to life in Spain.
Blue economy presents vast opportunities in Africa.
Chile to ration water rights for first time after 13 years of drought.
NQH2O price at
$792.99 down 0.21 or 0.03%.
Futures have
been at a premium of $45 to $72 to index.
Futures
volatility way exceeding index volatility, implying a move is imminent.
NQH2O up
12.26% this year.
3% of Chinook
salmon survived last year, saved by water releases, this year there is less to
release.
Water battle
over healthy ecosystems and healthy economy.
CA State
releases $30 to fix Fruent-Kern Canal.
CA to pay
farmers to grow less in $2.9bn package.
Snowpack at
46% of average.
‘Cold content’
of snow from aerial surveillance shows how soon it will melt.
Record
investment in water infrastructure by Australian Government.
Netherlands
and India join hands in Global Water Pact.
Water
conservation promotes sustainable development in Northern China.
Bill Gates and
Blackrock backing start up using hydropanels to make water out of thin air.
Shifts in El
Nino may be driving extremes in both hemispheres.
NQH2O at
793.20 up $0.16 or 0.02%
Near month
futures trading at record premiums to index and fair value.
Futures
volatility at record premiums to index volatility.
Futures dipped
below 5 day moving average but above all other moving averages.
Stochastic
oscillating but maintaining at a high level indicating potential large moves
upward.
When the well
runs dry we will know the worth of water.
Early summer
and the drought monitor showing large degradations including a 22.4% Class 1
degradation in D3 conditions.
Sacramento
Valley temperatures may hit 90 earlier than usual.
30% of Water
in CA comes from State Water Project and the DWR has cut allocations to 5%.
$2.2bn Fed
Loan for NCal reservoir.
Water levels
dip in Chennai reservoirs in india.
Water security
a ‘challenge’ for Central Australia.
Tesla’s German
factory will exhaust the areas water supply.
NQH2O price up at $793.06 up $0.29 or 0.04% basically flat.
Futures prices above all moving averages.
Futures at premium to fair value.
Futures volatility at premium to index, possible indications of a move to come in the index.
Short term price target still $910.
Fears of a groundwater grab.
Fewer days for salmon fishing in Bay area.
Water Law Alert: Modifications to annual diversions and more.
Millions of acres in rangelands ‘failing’.
Closed Chevron mine cannot sell water rights.
Irrigation boosts land values in Kansas.
Infrastructure upgrade on Murray Darling.
Vietnam water crisis threatens food security.
India’s depleting groundwater shaping the land above it.
NQH2O price at $792.56 up $2.87 or 0.36%.
Premium of the futures prices to index reducing from $47 to
$24.
Futures price has dipped below the short term 5 and 10 day
moving averages, above mid and long term moving averages.
The ‘untouchable’ nature of water rights is being looked at.
Californian Agriculture takes a $1.2bn hit from drought last
year. Loss of 8745 jobs.
‘Massive dollars’ needed to clean tainted Kern County
groundwater.
New IPCC report doubles down on water crisis.
Iran to launch major water transfer project from Sea of
Oman.
Record flooding in Australia.
Severe lack of water forces farmers in Morocco to migrate to
Cities.
NQH2O at
$789.69 up $31.14 or 4.11%.
Futures
premium ranging from $15 to $46.
Index weekly
volatility at biggest premium to futures volatility in 2022 indicating futures
may have had their move and index is to follow.
March futures
have broken above all moving averages.
SGMA could
bolster Habitat Restoration.
More
destructive wildfires pose new threats to water supply.
Divided
opinions on desalination.
Elon Musk
laughed at idea Tesla using too much water.
Continued
drought may reduce almond production.
Billions flow
to water systems from Federal Pandemic Relief Fund.
Water rights versus
cannabis in New Mexico.
Six water
technology trends in 2022.
Flood waters
rise in Ironbridge and Bewdley in UK.
Portugal
drought worsens.
Iran pursuing
Helmand River water rights.
New South
Wales Government in Australia issues controversial flood plain harvest
licences.
Gange water
sharing deal between India and Bangladesh stands the test of time.
NQH2O price at
$758.55 up $64.47 or 9.29%
All futures at
a premium to index.
Index
volatility higher than futures volatility.
Price breaks
the 100 day moving average for first time in 2022.
This is a
price reversal.
Next target
$910.
Sustainable
ground water use will mean lower crop yields.
Implementing
Sustainable Ground Water Management Act (SGMA) has challenges and opportunities.
Current
drought worst in 1200 years.
Lake Oroville
only reservoir above last years levels.
Water Market
Reforms supported in Murray Darling Basin.
Guangdong in
China to face ‘severe’ water shortage.
India donates
8.8 million euros to boost drinking water in Northern Mozambique.
NQH2O up $4.47 or 0.65% to $694.08.
All futures now trading at premiums to index.
The forward curve is still steep.
Futures and index volatility converging as index chases the
futures volatility.
The futures are above the 5 and 10 day moving averages and
breached the 20 day moving average for first time this year. 30 day moving
average looks like the next to be breached.
Still below the 100 and 120 moving averages.
Groundwater becomes more important during drought, up to 60%
of water usage.
Importance of SGMA grows.
First February heat warning in LA.
Comparing Californian and Australian water laws.
Mixed result in decade long India groundwater survey.
Australian coolest year in a decade still warmer than the
average.
EQT to sell $3.4bn stake in French water services firm SAUR.
NQH2O at
$689.61 up $3.64 or 0.53%.
Near futures
discount to index has narrowed.
June Futures
at a premium, futures curve is steepening.
NQh2O price
above the 5 and 10 day moving averages.
There has been
no more snow and none is forecast in the short term.
While drought
conditions have lessened 100% of CA is still in some form of drought.
With a Budget
surplus in CA, now is the time to fund vital water projects.
Reduced risk
pesticides are widespread in CA streams.
Saudi AgriTech
start up Red Sea Farms to expand to the US.
Digital
technologies key to addressing Global Water Challenges.
Game changing
India river study may help water resources.
Iran water
rights from Helmand not fulfilled.
Germany’s DEG
injects $25m in HK listed China Water Affairs Group.
Good Morning
A promising start and a sudden stop.
The spectre of further drought is still there.
NQH2O price at $685.97 down $21.09 or 3.09%.
February Futures at a discount, April and June at a premium to index.
Futures volatility and index volatility converging indicating price stabilisation.
Wetlands provide billions in filtration value.
Indian budget 2022 creates many opportunities for making Indian water secure.
Iran and Iraq exchange accusations over water flows.
Morocco allocate $260m to secure water supply.
China takes stock of ground water for first time.
Best Regards
Drought
conditions have improved in California but all of California is still in some
form of drought.
The generous
snowpack is not enough.
Very dry week
last week and this looks to persist even though dry spells in winters are not
unusual.
NQH2O price
moved up $1.48 or 0.21% to $707.87.
Price is still
above our bearish target of $703.00.
Above the 5
day moving average but below the 10 day, 20 day, 30 day, 100 day and 120 day.
Weighted
average of price indicators is pointing downwards.
US plans $50bn
wildfire fight.
How long can
Arizona rely on underground water?
Murrumbidgee
$126bm project approved in water efficiency program in Australia.
Mismanagement
causing water shortage and devastating floods in Iran.
China milking
India of millions of dollars in exchange for hydrological data.
NQH2O price is $706.39 down $27.51 or down 3.75%.
Futures trading volume has jumped.
Open interest at a record level.
Near futures at a discount to the index.
Market levels are below all the moving averages.
River flows and reservoir levels still low.
CA state is flush with cash which should be good news for water infrastructure.
Arizona to invest $1bn into desalination.
Phoenix voluntarily forgoes some Colorado River water.
No there will not be a water war!!
Brunei deploys rugged smart water meters.
Satellites can improve flood preparation.
Upholding Australia’s water supply chain.
India and Nepal partner on hydropower.
Brazil hydro dams back at 2016 highs.
NQH2O price up $0.07 or 0.01% to $733.90.
Exceptional
drought conditions (D4) have improved by 22.27% (from 23.11% to 0.84%). This is
a big move in one week.
Extreme
drought conditions (D3) have improved 46.51%( from 79.44% to 32.93%). This is
also a big move in one week.
100% of CA still in moderate drought conditions or D1.
Below both 5
and 10 day (first time in 5 weeks) moving averages. So potentially bearish.
Above the 20
day moving average, below the 30 day moving average, so mixed.
Below both the 100 and 120 day moving average. Potentially bearish.
Near term
January futures are stable whereas longer term June futures adjusting
downward.
Futures volatility is higher than index volatility.
Good snow in
the Sierras.
New surface water rights sought for Snake river Plain aquifer recharge.
World Bank to
help Karnataka in India to take up drinking water project in 3 cities.
Water
innovation saves 23mcm of ground water in Jordan.
Ukraine’s
water wars.
China’s water under stress.
NQH2O price $733.83 up $1.38 or 0.19%.
January Futures settle around spot.
Futures volatility still at premium to index volatility indicating potential prices moves to come.
BUT for the first time in 4 weeks the NQH2O price is BELOW the 5 day moving average.
Mixed signals abound as the NQH2O price still above the 10 day, 20 day and 30 day moving averages but below the 100 and 120 long term moving averages.
The stochastic indicator has also turned down.
Technical analysis starting to reflect the fundamental conditions.
Central Valley precipitation 166.81% above the average.
California awards $53m for drought relief.
Bill introduced to allow Colorado River Indian Tribes to lease some water rights.
New report reveals gaps in Indian Groundwater Management.
Water crisis hits Dharamsala in India due to reduced glacial water flow.
NQH2O at
$732.45 up $4.01 or 0.55%.
Futures at
premium to index for first time since Sept 2021.
Futures
volatility remains at a premium to index volatility.
Futures above
short and medium term moving averages but below the 100 and 120 day moving
averages.
Sudden change
of weather gives CA wettest start in the Water Year for 40 years .
Average snow
pack has gone from 18% to 98% in 2 weeks .
Aquifer levels
still dropping in a race to the bottom.
Reservoirs are
still dryer than average.
Willis Towers
Watson PLC designs a parametric cover underwritten by Munich Re for debt
restructuring in Belize.
First Nations
water rights decreasing in Australia.
Age old
harvesting tanks called havelis facilitate groundwater recharge in India.
NQH2O price up
$0.17 or 0.02%.
Futures above
5 and 10 day moving averages, plus for the first time since August above the
10 and 20 day moving averages.
Still below
the 100 and 120 day moving averages.
Double whammy
of an atmospheric river and cold front to hit California this week.
Arroyo Grande
regional recycled water cost Phase 1 $2400 per acre foot, Phase 2 $1800 per
acre foot.
Metropolitan
buys underground stored water from San Diego.
Iran water
crisis worsens.
Murray Darling
Basin debates flood water harvesting.
Pakistan
population outgrowing water supply.
Glacier loss
pushing India’s mountain region towards water insecurity.
Egypt has dug
75 wells and constructed 7 dams in Uganda.
The State
Water Project said participants to expect zero percent allocations of water in
2022. First time ever!
NQH2O price at
$728.27 down $0.03 or 0.004% basically unchanged.
NQH2O futures
have jumped circa $30, above 5 and 10 day moving averages. First time above the
10 day moving average since August 2021.
The seasonal
downtrend may be over.
All eyes are
on 2022 water supplies which look bleak.
BUT it is
raining today in the Central Valley and will rain again later in the week.
9 shutters
opened on Mulleperiyar Dam at night in India causing downstream communities to
be inundated.
New water
sharing rules in Hunter Valley concerns farmers.
Bushfire
affected community in Blue Mountains ask for water storage.
NQH2O index at
$728.30 up $0.30 or 0.04%.
December
futures discount to spot is narrowing, expect this narrowing to continue.
Currently around $30.
June 22
futures bid at $910 ie a premium of $182.
State
Department of Ecology is offering money for local Governments to buy water
rights to create ‘water banks’.
Water funds
are getting popular globally.
Turkeys
groundwater is shrinking.
Groundwater
wells in India showing levels declining by up to 2 metres near certain cities.
Water Price is
down again in CA but the downward rate is decreasing showing signs of bottoming
out.
NQH2O at $728
down $5.42 or 0.74%.
Discount of
$40-$60 in December futures to the index over last week.
Futures price
above 5 day moving average but below all other longer term moving averages.
Premium of
$172 to June futures.
Futures
volatility has increased versus the index.
Aquifers are
not forever.
Google and
water rights in Oregon city.
Israel and
Jordan partner on water and energy deal.
Saudi National
Water company signs 2 contracts worth $154m.
Protests over
water shortages in Iran.
NQH2O down
$18.68 or 2.48%.
NQH2O index
down 21% from its high.
Futures down
nearly 30% from their high.
December
futures at $70 discount to the index.
Rare cross
over in daily volatilities where the index volatility is higher than the
futures.
Futures break
the bearish target of $703, but index still above it. Is this a false break or
more of the same?
5 Gallons in a
10 Gallon Hat: Groundwater Sustainability in Texas.
China reveals
regulation on groundwater.
UK regulator
OFWAT fines water companies £67m.
NQH2O price
down $6.83 to $752.10 or 0.90%.
Futures down
23.8% from their high on May 18th.
NQH2O index
down 19.66% from high on August 25th.
Futures above
the 5 day moving average for first time in 6 weeks.
NASA
satellites to give better groundwater usage picture in Arizona.
$1bn of
Infrastructure Bill to be allocated to water storage.
Delhi water
supplies to be hit in various areas today.
South African
court rules water rights may be transferred.
NQH2O is down
a further $26.26 or 3.34% which totals down 17.82% from its high 10 weeks ago.
Futures
sitting at a $30 discount to the index.
Drought is not
broken YET!
Near term
futures and index volatility converging indicating potential price
stabilization.
Over 23million
AF of precipitation fell in Northern CA region in recent deluge.
Water is next
NET-ZERO target.
Water stress
drives investors to address supply shortage.
What India’s
new water policy seeks to deliver.
NQH2O down
$5.46 or 0.69%.
November
Futures at a $35 discount to the index.
Volatility
rates are increasing slightly versus the index.
Dry soil
absorbs large portion of the rainfall.
Lake Oroville
level increases by 16 inches.
Southern CA
and Arizona collaborate on water recycling concept.
Iraqi minister
proposes taking Iran to The Hague over water.
Access to
climate finance discussed for Fiji and Cook Islands.
Indian farmers
to get 90% finance on drip irrigation.
Frontal system from NW Pacific bringing precipitation to the region.
NQH2O is down a further $22.95 or 2.82%.
Near month futures at a discount to the index.
Futures volatility at a premium to the index volatility.
Facebooks water positive goal.
Flooding could affect municipal debt.
Iraq to reduce winter crop area by 50% due to water shortage.
NQH2O down $122 or 13% from its high of $936.22 six weeks ago.
Futures volatility at premium to index.
Precipitation has reached Southern California.
New protection for Californian aquifers.
No short term answers for water and drought shortages.
Portugal has low exposure to ecological shock, Mozambique and Angola have high exposure.
Climate refugee crisis beckons in India.
NQH2O futures
still trading at a discount to the index.
CA to get
$238m from Congress, including $205m for storage projects and $12m for 4
desalination plants.
Groundwater
markets may facilitate solution to Western US water problems.
NOAA says
drought will persist. Hence probabilities are for a 0% allocation for this
coming water year.
Four temporary
power units supporting CA grid due to lack of hydropower.
140% of
average rainfall needed to have a drought recovery.
Underground
water storage growing in importance.
Walton Family
pushing for a market based solution to the Colorado River crisis.
This was a
record Monsoon year is SW US.
What US and
Iran can learn from each other in water.
Climate
catastrophe is a huge investment opportunity.
Europe power
crisis moves Northward as water shortage persists.
Delivering Investable
Water Solutions in Developing countries.
NQH20 price still easing back.
New CA rainy season theory being put forward.
CA authorises $5.2bn for water quality and drought relief.
LA to increase recycling of water.
CA may get more cuts from Colorado River.
Samsung seeking water for plant in Taylor.
Arizona exploring the importing of water.
Queensland’s decision to lower Paradise Dam wall under fire.
Pepsi to replenish groundwater in Pakistan.
Belize Blue Bond tender approaches first deadline.
NQH2O price down $0.97 or 0.11% to $871.96.
Short term futures volatility higher than index volatility as market seeks new price trend.
Satellite imagery showing retraction of Monsoonal effect plus potential build up of frontal activity from NW Pacific.
Models showing potential for more precipitation this oncoming winter than previous winter.
California water agencies resolve Colorado River water dispute.
Marin County competing with Saudi Prince for 3 desalination plants.
Water markets and water trading can help bring CA groundwater into balance.
Water transfers helped farmers survive this year, now all eyes on next year.
Antelope Valley studies water recharge project options.
Does Big Oil have the solution to the West’s water problem?
Farmers restore native grasslands as groundwater disappears.
Turkey’s Mumcular Dam recedes to worrying levels.
Climate change ETFs become controversial.
Fresh VC thinking needed for water.
NQH2O was down $41.04 or 4.49% to $873.
Technicals are showing a price reversal in Californian water.
Near month futures offered at a discount to the index.
The futures volatility is lower than the index volatility.
Satellite picture shows frontal conditions moving towards N California from the NW Pacific.
Topsoil still very dry in North Western US.
Here is what is in the one Trillion dollar Infrastructure for Western Water.
Google sets new water goals.
Zero mass water. Why all the hate?
Water crisis could lead to conflict in Middle East.
Johannesburg can no longer rely on its water supply.
Chile seeks to guarantee water rights.
NQH2O price down $4.48 or 0.49% to $913.97. Up 82% YTD.
Desalination may increase household water bills. El Paso County to use ‘Endless Water Loop’ to fight future water shortages. Reno using ‘smart’ irrigation scheduling. Flagstaff AZ had 3rd wettest Monsoon rainfall on record. Blue Bonds need new standards. Belize moves to restructure its bonds, including marine assets. Dispute over Krishna water. Investment is enhancing water security in Western Australia.
NQH2O taking a breather, down $17.77 or 1.90% to $918.45. Up 83.75% Year To Date.
Time to talk about managing Water Risk.
Establishing a desalination plant jointly operated by US and Mexico could help bolster resilience in Colorado River Basin.
Scientists to use radar, balloons and cameras to collect water data in SW by monitoring Colorado snow areas.
Arizona stored water to help shortages. What happens when we start using it?
Digital Tech to help African Island States cope with climate change.
NQH2O up $8.07 or 09.% to $900.40 up 80.14% YTD.
Futures have been trading at a $10-$24 premium to the index.
One week Futures volatility has reversed and is now higher than the index volatility, indicating potentially more volatility to come.
December Futures offer negative $96 to August Futures bid implying significant seasonality in the price.
Monsoon activity has being bringing relief to the SW, with Tucson AZ receiving more rain in 5 days in July than in whole of 2020.
Westland Water District and Environmental Groups align in looming fight over water rights.
Food prices increase due to drought.
Can CA handle another year of drought?
World Bank signs $250m project to add resilience to India’s existing dams.
Blue Bonds a new form of finance.
NQH2O up 78.53% year to date.
One week futures volatility reverses to a discount to the index indicating possible price consolidation.
NQH2O index at new all-time high.
Exceptional drought conditions increased by 13.07%, mostly in the Central Valley.
Washington topsoil moisture 99% short.
Loans and grants being used for drinking water and wastewater projects.
NQH2O price unchanged at $842.38 Near month futures at a premium of $28-$31 to index. August futures bid price $57 higher than the December futures offer price. Near term futures and index volatilities converge further indicating price stability. Water released from Flaming Gorge reservoir in Wyoming and Utah to boost Lake Powell for purpose of guarding hydropower. Thousands of Central Valley farmers may lose access to surface water. 154 primary intrastate reservoirs gain 1.7m Acre Feet of seasonal melt, 20% of average. More companies citing water scarcity as a financial risk in regulatory filings. Most companies underestimate their water consumption cost by 3-5 times the true cost. Companies facing most water risk are food, beverage, tobacco and consumer goods. Tucson AZ water management is a model for other cities. Saudi Arabia suspends privatisation of Desalination and Power plant. Global water crisis unleashing Tsunami of Watertech.
NQH2O up $21.52 or 2.62% to $842.38. Various signals of price stabilisation. Near term volatilities converging between index and futures providing more indications of
price levelling. WaterBanks are
a tool for climate resilience. La Nina could dash hopes of rain this winter. Monsoon promises much needed rain in short term in parched West. Farmers and ranchers in Utah have cut water use by 70-75%. Historical data no longer a reliable guide to future conditions.
NQH2O futures premium reduced from $20 to $6. CA Diamond Valley lake which is an emergency storage reservoir is 80% full. Drought caused a 13% reduction in Almond production. Massive water recycling proposal could help relieve drought conditions.
NQH2O price eases by $18.61 to $839/AF. Biden Infrastructure Bill to help water storage and drought..
85,44% of CA in Extreme Drought. NQH2O down $0.94 to $857.61. July futures at $60 premium.
Western US driest in 1200 years. December future offer $128 below July Future bid.
Light rain possible in N CA. Lake Mead water conservation ICS project working. NQH2O Sep Futures offer $35 below the July bid price.
The First Water Price Curve is Developing. NQH2O down $10.29 to$856.71. Water Allocations cut from 5% to zero.
Central Sierra Mountain snow has all melted. SW US soil driest since 1895. Wildfire Alert. NQH2O at $867.
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
Extreme drought conditions now encompass 73.31% of CA. NQH2O hits new all time high at $877.36
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
NQH2O at New All Time High of $868.7 up73.8% Year to Date . Technical analysis indicating next level could be $1070
CA Governor declares drought emergency in 2counties, NQH2O up $40 to $831.97, light rain in week ahead
H2O Futures trade at a high $820 for the week. Sierra Snowpack well below average. Reservoir storage also worryingly low.
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.
California see’s some much needed precipitation. How will this effect drought conditions in the state.