SOYBEAN is trading at $1435.03, 0.12% up since previous day close. An upward momentum can be seen in Soybean prices since last few sessions as demand seems to rising against the steady supplies. Earlier, the change in weather conditions in Brazil may increase the plantation & harvesting of beans in future course of time which may lead to excess supply & hence, causes downfall in Soybean prices. On global front, the mixed USD amid mixed chances of interest rate hike in FOMC’s meet will remain vital for Soybean since this may affect Brazilian Real (BRL) currency. The cautious trading may be expected in Soybean since the commodity is trading near MA (10) & a breakout may be seen if breached

COPPER is trading at $8669.3, 0.06% up since previous close. The Copper prices moved flat to higher side amid rise in demand against the supplies at global level. The weaker than expected Chinese PMI figures led slight selling pressure in Copper since China is a major consumer of metals. The soft USD ahead of the outcome of FOMC meeting with a focus on monetary interest rate decision which is to be concluded on late Wednesday will remain vital for metals. The stocks level of Copper at London Metal Exchange (LME) declines for the day which made the commodity expensive. As seen in the chart, the Copper slid down to previous lows of $8500 which acts as a major support level & hence, buying on dips may be recommended for the day