Coffee traded at $185.70, 0.16% up since previous day close. The Coffee prices are expected to open on moderately higher side; continuing the trend seen in last session. Majorly, the adverse climatic conditions in Brazil & Colombia which lowered down the Coffee production & output levels & hence, made the commodity expensive; for Brazil is a major producer of Coffee. Globally, improving Chinese economic condition & progressive Covid-19 situation raises the consumption demand of agri-commodities. However, the trend depends upon the outcome of U.S FOMC Minutes which will be released on late Wednesday. As seen in the chart, the Coffee successfully crossed over the MA (100) & previous highs with heavy trading volume. Buying on lower levels may be recommended further.

Soybean is trading at $1539.98, 0.28% up since previous close. A gap-up opening can be seen in Soybean prices on Tuesday after remaining shut on Monday on an account U.S national holiday. The recent USDA report showed same productivity or U.S Soybeans while a slight increase in stocks by 400 thousand tons. The changes in climatic conditions resulted into massive droughts in Argentina which turned unfavorable for Soybean production; pushed up the prices since Argentina is a top producer of beans. On global front, the mixed USD may remain vital for agri-commodities. As seen in the chart, buying on dips may be suggested in Soybean since the commodity is taking a support of MA (10) & MA (20).