SOYBEAN traded at $1317.03, 0.12% up since previous day close. The Soybean showcases some sort of recovery on Wednesday amid revival of consumption demand against the steady supplies. The change in weather conditions in Argentina which turned unfavorable for Soybean production decreases the supplies; for Argentina is a major producer of beans. Earlier, the prices traded at lower levels after weekly USDA report showed a rise in weekly exports. The mixed USD ahead of U.S inflation data release event & U.S credit rating cut by Fitch remains vital for agri-commodities. Slight buying bias may be established for the day in Soybean since the commodity seems to be forming cluster support.

Natural Gas is trading at $2.784, 0.09% up since previous day close. An upward momentum can be seen in Natural Gas prices amid strong rise in demand against the supplies on account of frequent change in weather conditions in U.S & European regions; which increases the consumption demand of heating fuels like Natural gas. Last week, the US Energy Information Administration (EIA) report showed a rise in Natural gas inventory levels by 14B lower than expectation 18B. This indicates shortage in storage & supplies levels & hence, prices moved up. Upcoming U.S inflation data release event remains significant for the prices later in this week. Buying bias may be continued further if Natural Gas succeeds to breach the MA (200) on daily basis.