EPIC RESEARCH NCDEX MAIZE UPDATE OF 11 JANUARY 2016

Maize trading range for the day is 1464-1528.
Maize prices dropped pressured by ample world supplies and slowing demand for U.S. shipments.
The USDA reported that export sales of U.S. corn in the week to Dec. 31 were 252,900 tonnes, below expectations for 400,000 to 600,000 tonnes.
Maize output is likely to drop by up to 40 per cent in the 2015-16 crop year (July-June) due to 14 per cent deficit in monsoon rains.
In Nizamabad maize prices remains unchanged at0 rupee to end at 1209 rupees per 100 kg.


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