SOYBEAN is trading at $1354.03, 0.14% up since previous day close. The agri-commodities turned out to be positive since last two sessions amid positive global cues. The robust U.S Non-farm Payroll data & signing up of US debt ceiling bill led buying bias in commodities. However, uncertainty prevails over U.S FOMC meet although Fed officials hinted for a pause in interest rate process in the June Fed meeting. The frequent changes in weather conditions in Argentina affects the beans plantation & supplies which makes the commodity highly volatile. As seen in the chart, the Soybean sustained the major support of MA (100) which signals for buying bias on lower side on daily basis.

COPPER traded at $8202 .3, 0.12% up since previous close. The sideways trading can be seen in copper after opening on lower note on Monday. Uncertainty looms over upcoming FOMC monetary decision amid upbeat U.S NFP figures released last week. This makes the base metals to trade on lower side. Earlier, the commodity tested two-month highs of $8300 levels against the soft USD amid progressive closure of U.S debt ceiling deal & better than expected Caixin Manufacturing PMI figure since China is a major consumer of base metals. As seen in the chart, the Copper retraced down after testing MA (200) & also, the ADX line is sliding down till level 25. These indicates a wait & watch strategy to be adopted for the day in copper.