SOYBEAN is trading at $1497.03, 0.03% down since previous day close. The slight profit-booking can be seen in Soybean prices on Thursday after testing the two-week highs of $1520 levels. The recent USDA report showed a drop-down in supplies & exports for the week which led down a buying pressure in Soybeans. Globally, the soft USD as U.S issued cooler than expected CPI inflation rate data made the Brazilian Real (BRL) currency stronger & beans as well. The change in climatic conditions in Argentina from normal weather affects the Soybean output & supplies & hence, made the commodity expensive again. Buying on dip may be recommended for the day in Soybean.

Natural Gas is trading at $2.015, 0.06% down since previous day close. The weakness can be witnessed in Natural gas prices post release of U.S Energy Information Administration (EIA) report which showed a build-up in Natural Gas inventory level by 25B as expected. Last week, the estimates showed a drop-down in Natural Gas inventory level by 23B lower than the previous week fall of 47B. This indicates shortage in supplies of commodity for the week. Besides this, the volatile Oil prices affects the trading in other energy products. The changing weather conditions in European & US regions from colder to normal climate made the consumption demand of heating fuels lower & Natural gas prices weaker as well. Wait & watch strategy may be established for the day in WTI Oil.