SOYBEAN traded at $1407.03, 0.23% up since previous day close. The moderate recovery can be seen in Soybean prices since last session amid rise in demand from U.S & European regions against the steady supplies. The mild correction can be seen in Soybean prices amid mixed global sentiments. Last week, the U.S issued CPI rate which increased by 0.2% lower than expectation 0.3%; indicating the progress in curtailing the inflationary pressure which turned out to be supportive for beans. The changing climatic conditions in Argentina remains vita for Soybean prices; for Argentina is a major producer of beans. Buying on dips may be recommended for the day in Soybean.

Natural Gas is trading at $2.620, 0.12% up since previous day close. The Natural gas seems to be trading on higher side amid the change in weather conditions in U.S & European regions turning colder than normal which increases the consumption demand of heating fuels like Natural gas. Last week, the U.S EIA report showed a rise in Oil inventory levels by 49B same as expectation which failed to create any major impact on prices. Globally, uncertain Fed monetary stance will remain vital for energy commodities. As seen in the chart, the Natural Gas took a support at $2.300 levels & seems to be reversing upside. If the commodity firmly crosses over MA (10) & MA (20), then a strong breakout can be observed. Buying on lower side may be recommended for the day.