Recent South of Delta Transaction Priced at $411/AF
Nasdaq Veles California Water Index (NQH2O) $341.73 -13.99 {-3.93%} as of May 21, 2025 Water Market Prices and Trading 5/12/2025 – 5/16/2025 Recent market activity includes one transaction each in the South & North of Delta regions (SOD/NOD) 5,000 AF of federal project water was transferred SOD between agricultural water districts for $411/AF. Prices for this transfer were […]
California Water Market April Transfer Activity
All reported transfers in April stemmed from multi-year leases with incremental pricing structures. These agreements feature fixed annual price escalations—either by a set percentage or tied to the Consumer Price Index—meaning prices are not influenced by year-to-year market demand.
Central Valley Project and State Water Project Allocation Increase
Nasdaq Veles California Water Index (NQH2O) $408.68 +0.01 {+0.00%} as of April 30, 2025 Water Market Prices and Trading 4/21/2025 – 4/25/2025 Both the Central Valley Project (CVP) South of Delta (SOD) Ag and the State Water Project (SWP) allocation increased to 50% this week. All other CVP allocations remain the same, with North of Delta […]
South of Delta Transfers in Discussion for May
Nasdaq Veles California Water Index (NQH2O) $408.67 {UNCH} as of April 23, 2025 Water Market Prices and Trading 4/14/2025 – 4/18/2025 April has seen no spot market activity South of the Delta (SOD), which is abnormal for the region. The last time no April transactions occurred was in 2017 and 2018, when allocations were 85%-100% (SWP/CVP) in 2017 and […]
San Joaquin Valley Water Supply Forecast Upgraded to Above Normal
Nasdaq Veles California Water Index (NQH2O) $408.67 -2.41 {-0.59%} as of April 16, 2025 Water Market Prices and Trading 4/7/2025 – 4/11/2025 Last week, the Department of Water Resources (“DWR”) released updated water supply indices for the Sacramento Valley and the San Joaquin Valley. The Sacramento Valley Index increased from above normal to wet. This water […]
Limited Market Activity Expected in Areas With High Allocations
Potential market activity remains low as North of Delta (NOD) and Friant Division (Friant) contractors operate under a 100% allocation, and reservoirs remain near capacity. Northern California experienced a wet winter this year, resulting in high allocations and reservoir. Current allocations NOD are 100% for the Central Valley Project (“CVP”) and 40-70% for State Water […]
VIDEO: Weekly California Water Market Report
Looking Back on March and Forward to April March Market Activity Last week a one-year transfer of State Water Project (“SWP”) 2024 carryover supplies was approved. The transfer occurred between two agricultural water districts located South of the Delta (“SOD”) for just over 2,000 AF priced at $185/AF. This transfer marks the end of known […]
