Waterman

Water Market Now in Seasonal Low Period for Prices

2010-02-03T10:30:00.007+11:00

Water Market May Be Bottoming Out:• Season lows typically hit in February• Reservoir levels now declining. Note Major reservoir levels are now about 750,000 ML above their levels a year ago as outlined in the table above. This additional storage compares with 2,500,000 to 6,500,000 annual water use in the LMDB over the last ten years.• Charts indicate $150-300/ML range over the next few months as

MURRUMBIDGEE BALLOT AND SEASONAL CARRYOVER

2009-09-28T12:56:00.011+10:00

THE MURRUMBIDGEE BALLOT64,347 ML of the allowed 70,000 were entered, so no ballot and all sold their water. Around 41,000ML, was sold to NSW. Approximately 15,000ML will go to South Australia and around 8,000ML to Victoria.This is about 17% of the total traded out of the Murrumbidgee last year (net 388,000 ML). In 2007/08 139,000 ML net was traded out, 2006/07 saw 96,000 ML leave the Valley and

WHERE TO NOW FOR WATER PRICES?

2009-09-27T16:35:00.008+10:00

Last week we pointed out the key support at $390 which if broken could see a test of support at $345 and $280 and rising. These two charts, now updated, showing how this scenario has pointed out. Support is now at $282 and $287 and still rising.Weekly volume adjusted price held the support at $345. However, the market is currently trading below that.As seasonal strength dissipates there is long

COMPARISON OF ALLOCATIONS AND WATER IN STORAGE

2009-09-25T14:17:00.004+10:00

Analysis of water stored versus water allocated for the Lower Murray Darling Basin in the past 2 years provides interesting comparison. Across the Lower Basin, there is 2.5% less water in storage this year, compared with last year - 3,875.1 GL in 2008/09 and 3,777.9 GL currently. This is only approximately 100,000 ML less. However we have current allocations of 636,710 ML by comparison to

GRAIN AND HAY PRICES SOFT - WATER PRICE SOFTENS TOO

2009-09-25T11:39:00.005+10:00

Good spring rains are fueling excellent yields in grain crops in Southern areas of the Basin and Western Australia. However, some crops are being cut for hay due to lack of rain in other parts.Whilst this places downward pressure on the price of these commodities at harvest, there is some relief for the embattled dairy farm. With low allocations (zero so far in the MIL and NSW Murray) and milk

ALLOCATION NEWS

2009-09-18T16:40:00.004+10:00

With a mid month allocation announcement during the week, we should just recap on where we are at this stage:Murrumbidgee High Security - 60%NSW Murray High Security - 50%Vic Murray High Reliability - 13%Goulburn High Reliability - 7%We are now at that critical stage of the water year - inflows are building, with the Lower Basin at 26%. Inflows have slowed this week, however good rains yesterday

WHAT'S HAPPENING ON THE CHARTS

2009-09-17T17:00:00.030+10:00

This week we look at several charts and provide some commentary on the likely range and direction of the market:This first chart suggests support at $390, then $345. Then $280 (red and rising) which is looking increasingly likely to be tested, if we break clearly down through $390 and then $345 (as lines are splayed and thickened.) For a full view please click on the screen.Then the second chart

LATEST UPDATE ON MARKET MOVEMENTS

2009-09-09T14:09:00.006+10:00

Still the market sees little volume of trade. Reported trades as late as yesterday show there is a wide spread in the market with sales between $380 and $450. Perhaps the ballot in the Murrumbidgee has 'flushed' some water onto the market!The Greeneye Visual Trader suggests:Uptrending flowlines are supporting the market and pushing it higher. The daily chart shows support at 360 and resistance

BEST INFLOWS SINCE JULY 2007 FOR MURRAY

2009-09-09T14:01:00.002+10:00

Some more encouraging news from the Murray catchment with this news from the MDBA weekely report:August rainfall was close to average across most of north-eastern Victoria and above average in the Snowy Mountains of NSW. As a result, Murray System inflows for August were about 420 GL, which is the highest monthly total since July 2007 (450 GL). However, it is still well below thelong term average

INFLUENCE OF THE MURRUMBIGEE EMBARGO

2009-08-30T20:30:00.005+10:00

The data shown here indicates the influence of the Murrumbidgee Valley on the trading od water in the Lower Murray Darling basin. In the 2008/09 Water Year, both Victoria and South Australia were reliant on the Murrumbidgee! With the current embargo, slightly eased since it's first announcement, there will still be a likely upward price pressure with the absence of water from the Murrumbidgee

WHERE TO NOW FOR WATER PRICES?

2009-08-25T10:41:00.013+10:00