Friday, 4 November 2016

EPIC RESEARCH NCDEX MAIZE UPDATE OF 04 Nov 2016

Maize trading range for the day is 1357-1397. Maize prices ended with losses tracking weakness in spot demand amid ample global supplies. Even as maize harvest continues at rapid pace, inconsistent quality limited the downside. In supportive news for corn, the U.S. EIA showed an increase in production and smaller stockpiles of corn-based ethanol. In Nizamabad maize spot prices dropped -2.7 rupees to 1440.6 rupees per 100kgs.
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