COFFEE traded at $160.28, 0.02% up since previous close. The flat to higher side trading can be noticed in Coffee prices since last two sessions amid steady demand & supplies. On global front, the soft USD on account of Fed officials’ hint over a pause in monetary tightening cycle in future course of time may turn out to be positive for Brazilian Real (BRL) currency vis-à-vis Coffee prices. Also, the weak U.S Non-farm Payroll data may push up the Coffee prices. Besides this, the rising U.S-China tensions & the change in climatic conditions in Brazil remains vital for prices since Brazil is a top producer of beans. As seen in the daily chart, the commodity is trading near Fibo level 23.6 & hence, the cautious trading may be recommended for the day.

SOYBEAN traded at $1353.03, 0.04% up since previous day close. An upside can be seen in agri-commodities amid soft USD as chances of aggressive rate hike stance may get cooled down. The U.S weaker than expected NFP figures & FOMC officials’ hint created positive sentiments amongst the traders & investors. Last week, the USDA report showed a drop-down in beans weekly sales & exports level which signals for lesser supplies & hence, made the commodity expensive. The result of U.S CPI data will remain in focus for the week. As seen in the chart, the Soybean is trading near MA (200) which acts as a major support level. Slight buying bias may be established for the day in Soybean.