EPIC RESEARCH NCDEX MAIZE UPDATE OF 14 Oct 2016

Maize trading range for the day is 1356-1388.Maize prices ended with losses on the expectation of new crop arrival.As per IBIS data, India exported 1153 MT maize during the week ended 8th October’16 against 1080 MT previous week.The U.S. Department of Agriculture lowered its estimate of the U.S. 2016 corn yield to 173.4 bushels per acre, from 174.4 in September.In Nizamabad maize spot prices dropped -63.7 rupees to 1695.7 rupees per 100kgs.


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