Friday, February 10, 2017

Maize trading range for the day is 1470-1480. Maize prices traded in range ahead of a more influential monthly crop report from the U.S. Department of Agriculture. Beijing curbed its forecast on China's 2016/17 corn surplus due to better-than-expected domestic demand and lower imports. In its monthly crop report, the Ministry of Agriculture said it expected surplus supply for the 2016/17 season. In Nizamabad maize spot prices dropped -2.2 Rupees to 1487.2 Rupees per 100kgs.
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