Locator: 46013INV.
S&P: blew through 4,400. Whoo-hoo!
More later but until then, this chart. This chart is not for this year: this is a 30-year historical pattern which will probably be entirely different this year according to reader feedback.
Friday, November 10, 2023
Market Today -- Surging -- As Expected -- November 10, 2023
Every Year We Hear How Bad The US Farm Crops Are Doing And Then .... At Harvest Time --- November 10, 2023
Locator: 46012FARM.
It looks like global warming is killing US agriculture, as Algore predicted.
Oh, wrong, tape. Sorry. Here's the story today.
From the linked article:
The most widely grown US crop will total 15.234 billion bushels, the USDA said in its latest set of monthly estimates, surpassing the previous peak of 15.148 billion set in 2016.
The final tally was higher than what most analysts polled by Bloomberg expected.And, then of course, the cup is half-full. It gets tedious;
Corn futures subsequently sank in Chicago trading to their lowest in almost three years.
The bumper crop can be explained in part by advances in genetically modified seeds, which have improved the resilience of corn plants. But the biggest factor by far is the fallout from Russia’s invasion of Ukraine last year.
The war disrupted exports out of the Black Sea region and prompted global crop prices to surge. Farmers acted on that signal and planted more. America’s cornfields took up 10% more area than in 2022, according to the USDA report.So much for the summer of drought and extreme heat in the US that triggered early fears about crop damage. On Thursday, the Department of Agriculture made it official: This year’s corn harvest was the biggest ever.
Plentiful supplies and lower prices are welcome news for producers of poultry and biofuel, as corn is one of their biggest costs. They’re also likely to help keep a lid on food inflation, which has been moderating for months.
Of course, the other side of the equation means belt-tightening for growers. With the increase in supply outpacing demand, the USDA expects farmers to receive lower average prices for the season.
That’s unwelcome news for agricultural equipment manufacturers, as people are less willing to buy new tractors and other pricey machinery when crop prices are easing. CNH Industrial NV, one of the world’s biggest farm machinery makers, said earlier this week it was reducing salaried workers by 5% as demand declines for its combine harvesters.
Honoring Veterans Today -- November 10, 2023
Locator: 46011ARCH.
Sophia's school program today.
- Sophia's mother: Public Health / US Coast Guard Ph.D. Nurse
- Sophia's father: US Navy nuclear submarine XO
- Sophia's grandfather: USAF flight surgeon, Surgeon General intel agency
- Sophia's great-grandfathers:
- US Army: WWII -- Korean War -- Vietnam (two tours)
- US Coast Guard / US Navy: WWII -- European and Pacific theaters
Nine Wells Coming Off Confidential List These Next Three Days -- November 10, 2023
Locator: 46010B.
Personal investing:
- bought NVDA today: continues to move up;
- bought MSFT today: fresh all-time high; huge story;
- sold: nothing
Oilprice.com headlines:
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Back to the Bakken
WTI: $77.06.
Sunday, November 12, 2023: 115 for the month; 115 for the quarter, 685 for the year
39704, conf, Oasis, MHA Moose 5090 43-7 2B,
39420, conf, Petro-Hunt, Ty Webb 148-103-1A-12-4H,
38116, conf, Enerplus, Right 148-93-05D-06H-LL,
Saturday, November 11, 2023: 112 for the month; 112 for the quarter, 682 for the year
39705, conf, Oasis, MHA Moose 5090 43-7 3B,
39419, conf, Petro-Hunt, Dean Wormer 149-102-33D-28-3H,
39077, conf, Hess, RS-State D-155-92-0203H-6,
37326, conf, SOGC (Sinclair), Porcupine 5-19H,
39706, conf, Oasis, MHA Moose 5090 43-7 4B,
39672, conf, Slawson, Barnstormer Federal 2-3-15H,
RBN Energy: offshore wiwnd stung by project cancellations, but progress can be seen, too.
It’s been a rough few weeks for the offshore wind industry, highlighted by Ørsted’s decision to cancel two high-profile projects in the Northeast: Ocean Wind 1 and Ocean Wind 2. The industry continues to be plagued by a host of problems around inflation, the supply chain and permitting, leading some developers to write-down losses and question whether their projects remain economically viable. But it hasn’t all been bad news, as other projects have been able to move forward and hit major milestones. In today’s RBN blog, we look at the recent cancellations, some key projects that have been approved or are advancing, and what we’ll be watching for over the next several months.
Monthly Utility Bill -- November 10, 2023
Locator: 46009ELECTRICITY.
Everyone has heard:- how hot it was in Texas this past summer; it's coming to an end;
- how the grid may not hold; it did! Easily.
- how expensive Texas electricity is; say what?
- my entire utility bill is less than what my entire Starbucks bill used to be (monthly statements)
- no "loyalty" rewards with Green Mountain Energy, just reliable, affordable electricity.
Last month I made almost no effort to conserve electricity, and let
my wife wash and dry clothes as she
wanted.
My wife is like her Japanese mother:
doing laundry seems to be her favorite pastime, especially las toallas. She
could do las toallas all day long if we had that many.
This was our electricity bill, our entire utility bill except water which we pay with our rent. We do not have natural gas.
Note
the average high temperature for the current month last year (93°F) compared to this year
(97°F), and compare it to the previous month (August, 2023): 105°F.
Average daily usage: 17 kWh vs 13 kWh last year, and 18 kWh last month.
$86.71 for October, 2023 and we don't live in a cave and we don't have the IDF knocking at our door. We have it pretty good here in the USA. Happy Veterans Day -- tomorrow. School programs yesterday and today.
Okay.
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