EPIC RESEARCH NCDEX MAIZE UPDATE OF 03 MAY 2017

Maize trading range for the day is 1494-1516.Maize dropped tracking weakness in spot demand and overseas prices with pressure from U.S. farmers making strong planting progress.Farmers have sown 34 pct of the U.S. corn crop as compared with 17 percent a week ago.NCDEX accredited warehouses maize stocks dropped by 221 tonnes to 1397 tonnes.In Nizamabad maize spot prices dropped -2.75 Rupees to 1532.75 Rupees per 100kgs.

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