SOYBEAN is trading at $1472.03, 0.56% down since previous day close. The massive gap down can be witnessed in Soybean prices on Thursday as change in climatic conditions in Brazil may increase the plantation & harvesting of beans in future course of time. This excess supply over a steady demand causes downfall in Soybean prices. Earlier, the prices traded higher after weekly USDA estimates showed a drop-down in supplies & exports for the week. On global front, the mixed USD amid mixed chances of interest rate hike in Fed’s meet will remain vital for Soybean. As seen in the chart, the Soybean crossed down the crucial support of MA (100) & MA (10) & now, turns bearish. Selling bias may be seen further.

Natural Gas is trading at $2.186, 0.09% down since previous day close. The profit-booking can be seen in Natural gas prices after turning slightly higher in beginning of this week. However, the traders will focus on U.S Energy Information Administration (EIA) report which is expected to show a rise in Natural gas inventory level by 69B from 25B in the previous week. Earlier, the Natural gas prices rallied post release of U.S EIA report which showed a build-up in Natural Gas inventory level by 25B as expected. The changing weather conditions in European & US regions affects the consumption demand of heating fuel. Buying bias may be established in Natural gas if sustains the current level & successfully shows a reversal phase.