SOYBEAN is trading at $1320.03, 0.06% down since previous day close. The selling pressure can be seen in Soybean prices amid soft Brazilian Real (BRL) currency & strong USD on an account of global cues. The mild changes in demand & supply ratio across the globe made the Soybean to trade in specific range. The change in weather conditions in Brazil increases the plantation & harvesting of beans in future course of time which may lead to excess supply & hence, causes downfall in Soybean prices. Upcoming U.S Non-farm Payroll (NFP) data will remain vital for agri-commodities. Selling on higher levels may be suggested on an intraday basis if breaches the current support level of previous lows.

COPPER traded at $8074.3, 0.22% up since previous close. The Copper opened flat to lower side on Tuesday as trade & political relations between U.S & China worsened after China declined a request for a meeting between U.S & Chinese Defence Ministers which is to be held at Singapore later this week; for China is a major consumer of metals. The strong USD amid optimism over raising U.S debt ceiling limit made the commodities slightly weaker. Uncertain FOMC monetary decision in the next meeting will remain vital for copper. As seen in the chart, the Copper is trading near previous lows which acts as a major support level & can turn out to be make-or-break point on short term basis. Sideways trading may be recommended for the day in copper.