Hearings to Examine Value and Impact of Northwest Hydro Dams
The comment period has been extended until February 7, 2017. If you haven't submitted a comment yet in favor of the dams, or if you would like to submit an additional comment(s) please remember to do so by February 7, 2017. Thanks Chris
In May 2016 ruling, U.S. District Judge Michael Simon requested the agencies to review all reasonable options (including breaching) for achieving the goals of the hydro system, in order to minimize the system’s negative impacts. Federal Agencies will hold a series of public meetings about the federal hydropower dams on the Columbia and Snake rivers. The purpose is to hear from Northwest residents about dam operations, benefits and the dams’ impact on air, water, land and wildlife, including endangered salmon.
The dams allow NWGG, thereby our members/owners, access to ship over 95% of our wheat grown to Portland by the most cost effective, environmentally friendly mode of transportation. Dam investments have resulted in record fish returns and a 20 year sustained increase in salmon populations. 2015 adult returns past McNary dam are the highest returns recorded since the dam was completed in 1957. The Pacific Northwest Waterways Association (PNWA) has put together some very valuable information in an effort to support the current operation of the dams.
Even if you didn't make it to one of the meetings, you can still submit a formal comment. The easiest way to submit is comments is to visit www.crso.info and click on the submit online comment on the right hand side of the page. You can also click the link below for a comment form, fill it out and you can either email it to email@example.com or return by mail to CRSO EIS, P.O. Box 2870, Portland, OR 97208-2870. NWGG board of directors strongly encourages all of our members to make a positive comment(s) on behalf of your support of the dams. You can submit as many comments as you like until January 17, 2017.
1/17/17 - The dollar index is down over a point this morning and grain futures are rallying. Soybeans got the ball rolling last night as flooding rains continue to fall in Argentina. Wheat futures seem to be up just because everything else is and are building off the positive momentum from last week's winter wheat acreage report. White wheat basis levels are dropping on the rise in futures as there isn't a lot of export demand for white wheat at the moment and exporters are waiting to see where they can make their next sale before getting aggressive price wise.
The Weekly Top Five
These are the 5 biggest issues that NWGG feel are affecting today's markets and items to watch for as we progress through the year.
1. 1/13/17 The winter wheat planted acreage report came in lower than expected and the 2nd lowest winter wheat plantings in U.S. history. This lowers the margin for error on production next year. Most of the cut was in HRW acres in the Plains. 2. 1/13/17 U.S. and world ending stocks of wheat remain burdensome this year which limits the amount of upside price wise even with the lower amount of wheat acres. 3. 1/13/17 Australia's wheat crop was a record this year with 33 million metric tons of production. 4. 1/13/17 White wheat ending stocks were increased by 11 million bushels on the January supply and demand report from the USDA and now are projected at 106 million bushels. 5. 1/13/17 The river remains closed until March 20th which limits the amount of export business that can be done for white wheat for the remainder of the year.