Soybean is trading at $1495.98, 0.06% up since previous close. The slight recovery can be seen in Soybean prices after sliding down to lower levels of $1480 amid excess production & supplies from Brazil on an account of favorable climatic conditions since Brazil is second major beans producing country. On contrary, the slowing output from Argentina. Unfavorable climatic conditions resulted into droughts in Argentina which lowered down the beans production; & hence, pushed up the prices. As seen in the chart, the Soybean tested MA (200) & seems to be reversing upside. If sustained strongly with heavy trading volume, then a bullish trend may be determined. Sideways trading may be seen further.

Natural Gas is trading at $2.787, 0.21% up since previous close. An upside extended in Natural gas on Thursday as heavy buying volume seems to be forming up at lower levels. The traders remain cautious ahead of the U.S Energy Information Administration (EIA) report which is expected to show mild changes in gas storage levels. Last week, the U.S EIA report showed a fall in Natural gas inventory levels by 71B higher than expected fall of 60B. This indicates shortage in supplies against the steady demand & hence, pushed up the prices. The change in climatic conditions in European regions & U.S will determine the trend in heating fuels like Natural gas. Buying on each corrective dip may be recommended for the day in Natural Gas.