EPIC RESEARCH NCDEX UPDATE OF MAIZE 17 October 2016

Maize trading range for the day is 1350-1370. Maize ended with losses tracking weakness in spot demand and overseas prices on expectations of record U.S. production. The USDA report is expected to show that U.S. farmers will probably harvest 15.060 billion bushels of corn this year. Corn supplies for 2016/17 are down slightly to 16.845 billion bushels, as a lower crop more than offsets a small increase in beginning stocks. In Nizamabad maize spot prices dropped -75.7 rupees to 1620 rupees per 100kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300