On August 29, 2024, China's urea industry produced 174,900 tons per day

True, isn’t it?

NCDEX Sept cottoncake zoomed to 3680..Spot cottoncake Akola quoted around Rs 3280. NCDEX Dec cottoncake futures around Rs 2990. spot over sept at a steep premium, sept/ Dec at sharp discount around 650Few days back Aug/ Sept #cotttoncake spread traded around Rs 270 per qtl.

आंध्र-तेलंगना- गुजरात -एमपी मे कइ जगह भारी बारीश के चलते ओर मोनसुन आगे मीड ओकटोबर तक भी बारीश दे सकता हे एसा मौसम पंडितोके आकलन से #मकका 3100 का ओलटाइम हाइ हो गया हे. NCDEX spot maize south basis fm 2018 to 2 sept 2024.#boom

#Nifty small cap 100 leading the bull mkt with 96% gain, followed by nifty next 50 (79.41), Nifty 50 eql weight ( 57.32), Nifty 200 (49.11). Nifty 50 gained just 38.95%. Nifty equal weight looks appealing due to relatively low concentration risk.

Gujarat kharif 2024 update- 1st peak is chilli field Upleta Gujarat. 2nd pic is Cotton , surendranagar Gujarat.. #chilli, cotton, tur and onion crop hardest hit in Rajkot, Junagadh, Morbi, Kutch..If monsoon exit is delayed and wet, scenario cud affect gnut, castor etc as well.

Germany #DAX- An inverted doji, Hanging man, followed by big baarish candle and sharply lower gap down opening, an exhaustion gap.. German equities ripe for meaningful correction.

Steel, iron ore, copper, Aluminium, Nickel, Lithium, Silver, PVC, ethylene glycol, Urea, silicon manganese, soybean, Soyoil, cotton, sugar, Dow, Nasdaq, Nifty, Dax, day…#Stampede in risk on mkts..Job data jolts bullish euphoria in some assets.

Top 2 charts- Dalian Coke and Shanghai steel Rebar. Bottom 2 charts r shanghai wirerod and CME Ironore 62% FE basis platts China. #Iron-coal-steel, major raw materials showing convincing downtrend. Any takers for commodity super cycle story?

Mario Draghi’s critique is accurate. A thorough review of EU regulations to eliminate unnecessary rules and streamline activity in Europe would revitalize growth and strengthen competitiveness. Things should be default legal, rather than default illegal.

China raw material futures- top 2 charts are coke and ZCE Silicone manganese. Middle 2 charts r DCE Iron ore and Ethylene Glycol. Bottom 2 charts r ZCE stainless steel and Bituman. Humpty dumpty all fall down! Meanwhile brent dips below 70..#stagflation blues.

#ECB GOES FOR 25 bps CUT.. earlier post 60 bps cut is by error.

Bajaj finance IPO seeking 6500 cr, bid received 3 lac crore. Time to revisit this timeless classic original written by Charles kindelberger and later on edited by Robert Z Aliber..Bubbles, #Liquidity c(rush)

#supermario is back..ECB ex chief draghi calls for joint EU debt, NATO without US. ECB delivered jumbo cut. ECB chief Lagarde underplay federal debt idea, but commezebank unicredit sa merger talks is a loud signal..ECB announce rate war. Bond stampade likely. Whatever it takes

Spot #castoroil Ex kandla..traded at 1255-1256. Near term resistance 1265..2nd resistance 1295..Major resistance 1320.. Support area 1220-1230..Long term critical support 1190..Major trend is bullish..As per elliotwave, spot castorseed is in 5th wave upward impulse..tgt

Next week #fed event...Computerji whats yr take on fed rate cut?

SHFE Dec #gold. A bullish rectangle break out detected. Rectangle width is 548-582=34. Expected tgt 582+34=616. Risk on assets pricing in jumbo cuts- interest rate wars. ECB is leading the pack. Spot gold london hits new high 2583..upside objective 2620-2660..support area 2478.

Follow up post- Spot #castoroil ex Kandla tested Rs 1266. Near term resistance objective 1265 tested. Next objective cud be 1295. An intermediate resistance seen at 1278. Optimistic objective cud be 1305-1320. Sowing pattern may produce surprise. Possibly 5-15% reduction on YOY.