Watch out for the summer flood in China,it can be bad

Discussion in 'Commodity Futures' started by lx008, Jul 1, 2020.

  1. themickey

    themickey

    The Three Gorges Dams are under threat:

    Quote....
    "Previously, Chinese state media had claimed that the Three Gorges, Gezhouba, Xiluodu, and Xiangjiaba dams were making full efforts to "generate electricity." However, some Hong Kong news outlets alleged that the "power generation" of the Three Gorges facility was actually an emergency flood discharge to prevent the dam from the threat of collapse.

    Radio Free Asia (RFA) cited Zhang Jianping, a Chinese human rights activist based in Jiangsu, as saying that those who had opposed the construction of the monstrous dam were right. "Since it was built, it has never played a role in preventing flooding or droughts, like we thought it would back then." He added that "There used to be big rains [plum rains] at this time back in the countryside, and they were heavier than this, but we were never flooded."

    The news agency also spoke to a resident of Hunan's Xiangyang City who said, "I heard that the Three Gorges Dam and Gezhou Dam, which are upstream, are currently in full flood relief mode." He then pointed out that flood season has yet to officially begin: "The main flood season in the Yangtze river basin is usually July and August."

    Li also expressed concern over whether Wuhan, which is downstream of the dam and the site of the first coronavirus outbreak, would experience flooding this year: "Will cities in the Yangtze river basin, including Wuhan, experience flooding this year?" In fact, videos have already surfaced over the weekend showing several areas of Wuhan already experiencing extensive flooding.

    Video appearing to show many more spillways releasing a massive quantity of water:

    *#3gorgesdam update update*

    Heavy rains have increasing the amount of flood discharge forcing the state to open the gates, this will undoubtedly worsen Yichang and downstream cities and leave millions homeless due to excessive flooding#China #Weather #3GD pic.twitter.com/Izm8phW1tC"

    https://www.taiwannews.com.tw/en/news/3956001
     
    #11     Jul 1, 2020
  2. themickey

    themickey

  3. birdman

    birdman


  4. Agree, Corn applications out number rice by a substantial amount. ie. Ethanol additives (FLEX FUEL) Sucrose content (Corn Syrup) , Bio degradable Plastics. etc. Rough Rice futures have been halted in trading several times within the last financial quarter.
    Regardless, production cost comparison between Rice vs. Corn, corn wins again.

    Akuma

    BTW there is though rice mixed in with the dead bodies that built the great wall, to try and keep out the Mongols. Rice has potential as a long term comidity that can be stored for centuries.
     
    #14     Jul 4, 2020
  5. 2020 has really been a tough year.
     
    #15     Jul 9, 2020