SOYBEAN is trading at $1357.03, 0.12% down since previous day close. The Soybean seems to be trading on lower side since last few sessions amid mixed global cues. Globally, the steady USD on an account of uncertain Fed monetary outlook affects the trading pattern in agri-commodities. The changing climatic conditions in Argentina may remain vital for prices; since Argentina is a top producer of beans. The recent USDA report showed a rise in weekly exports & storage & hence, made the commodity less expensive. As seen in the chart, the Soybean almost slid down below MA (10) & MA (20) which acts as a major support level & hence, a breakdown may be seen if breaches the level.

Natural Gas is trading at $2.593, 0.12% up since previous day close. An upside can be seen 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 33B lower than expected build-up of 38B. This signaled for lesser storage & supply levels & hence, pushed up the prices. The changing climatic conditions in U.S & European regions turning normal from colder weather eased down the demand of heating fuels like Natural gas. Uncertain Fed monetary outlook will remain vital for USD & energy commodities. As seen in the chart, the Natural Gas slid down till MA (200) which acted as a major support level & a reversal momentum may be noticed in the commodity on an intraday basis.