EPIC RESEARCH NCDEX MAIZE UPDATE OF 02 MAY 2017

Maize trading range for the day is 1511-1529. Maize dropped on profit booking amid weakness in spot demand. However downside seen limited due to firm overseas prices underpinned by concerns over freezing temperatures threatening the U.S. The USDA reported net corn export sales hit a three-week high last week, with old-crop deals for crops topping trade expectations. In Nizamabad maize spot prices gained 8.25 Rupees to 1535.5 Rupees per 100kgs.

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