Agri Reports:

Oil and Oilseeds Insight: A downside movement could be noticed in domestic soybean today. Farmers have started offloading their stocks as soybean sowing is in full progress in Madhya Pradesh. Expecting the current scenario to continue, we could see limited purchases from crushing plants as they are seeing a further dip in prices in the coming days.

Bullion Insight:

Gold: This morning, gold futures are trading at $1288, up 0.31%. Gold prices slumped below $1300 for the first time since September 2010 on the back of the Bernanke’s comment that the Fed may start curbing its stimulus program.

Silver: Silver future prices are trading at $19.72, down 0.62%. Silver prices tumbled due to Bernanke’s comment that the Fed may reduce its monetary stimulus as the US economy is recovering.

Source:Market Update