SOYBEAN is trading at $1379.03, 0.22% up since previous day close. The steady trading can be seen in Soybean prices as traders waits for an outcome of U.S CPI data & FOMC meet with a focus on monetary decision. Besides this, the weekly USDA report showed a fall in exports & supplies for the week from major beans producing countries which turned up positive for beans prices. The frequent changes in weather conditions in Argentina affects the beans plantation & supplies which makes the commodity highly volatile. As seen in the chart, the Soybean sustained the major support of MA (200) & moved up which signals for buying bias on lower side on daily basis.

COPPER traded at $8267 .3, 0.01% down since previous close. The profit booking can be seen in Coffee prices after testing $8300 levels last week amid mixed global cues. Last week, the progressive closure of U.S debt ceiling deal & better than expected Caixin Manufacturing PMI figure since China is a major consumer of base metals led buying pressure in copper & other base metals. However, uncertainty looms over upcoming Fed monetary decision which is to be out on Wednesday & U.S PCI data release makes the commodities volatile. As seen in the chart, the Copper is firmly trading within the Moving Averages & if breaches MA (200), a strong breakout can be observed. Wait & watch strategy may be adopted for the day in copper.