EPIC RESEARCH NCDEX MAIZE UPDATE OF 20 JANUARY 2017

Maize trading range for the day is 1441-1449. Maize prices ended with gains amid firmness in spot demand and overseas prices. In Maharashtra, it has been sown in around 2.41 lakh hectares which are higher than 2.10 lakh hectare. Trader estimates of net fund buying in corn ranged widely from net buyers of 11,000 contracts to net sellers of 4,000 contracts. In Nizamabad maize spot prices gained 5 rupees to 1485 rupees per 100kgs.

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