EPIC RESEARCH NCDEX MAIZE UPDATE OF 16 MAY 2017

Maize trading range for the day is 1428-1468. Maize prices ended with losses tracking weakness in spot demand amid arrival pressure.USDA Crop Progress Report noted that 44% of the corn crop is in the ground, up from 34% a week ago.NCDEX accredited warehouses maize stocks gained by 205 tonnes to 1402 tonnes. In Nizamabad maize spot prices gained 1.65 Rupees to 1516.65 Rupees per 100kgs.



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