EPIC RESEARCH NCDEX UPDATE OF MAIZE 11 November 2016

Maize trading range for the day is 1392-1416. Maize gained tracking firmness in spot demand despite of forecasts from the U.S. Department of Agriculture for larger-than-expected supplies. In a monthly report, the USDA said farmers will grow 15.226 billion bushels of corn this year, up from its October forecast for 15.057 billion bushels. NCDEX accredited warehouses maize stocks gained by 82 tonnes to 1231 tonnes. In Nizamabad maize spot prices gained 4.35 rupees to 1441.35 rupees per 100kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300