COFFEE is trading at $177.20, 0.08% up since previous close. The Coffee is expected to open on higher side on Monday; extending the gains seen in previous session. The soft USD as U.S administration stepped in with emergency measures to control aftermath of sudden SVB Group collapse may turn out to be supportive for Brazilian Real (BRL) currency & Coffee prices as well. On global front, this may limit the chances of higher rate hikes in upcoming Fed meet which may result into buying zone in global commodities. Last week, the decline in exports premium in top producers like Brazil & Colombia over the past week & changing weather conditions affecting the Coffee output led selling pressure in the prices. Slight buying bias may be build-up for the day in Coffee.

COPPER is trading at $8804.3, 0.11% up since previous close. The Copper prices traded on positive side & may expect an upside in today’s opening as global cues reflects positive sentiments amongst the traders & investors. The U.S stepped in with emergency measures to control the aftermath of SVB Group crisis & announced to provide funding with a new program. This banking system slowdown may reduce the chances of aggressive rate hikes in next Fed meeting which may further turn out to be positive for commodities. The progress in Chinese inflation rate & Trade Balance figures may turn supportive for Copper prices on short to medium term basis since China is a major consumer of base metals. Buying bias may be established for the day in Copper.