EPIC RESEARCH NCDEX MAIZE UPDATE OF 21 April 2017

Maize trading range for the day is 1526-1558.Maize gained tracking firmess in spot demand despite of pressure in overseas prices amid plentiful global supply .The U.S. Department of Agriculture (USDA) said the U.S. corn crop was 3 percent seeded by April 9, matching the five-year average. NCDEX accredited warehouses maize stocks dropped by 31 tonnes to 1618 tonnes. In Nizamabad maize spot prices dropped -3.9 Rupees to 1511.65 Rupees per 100kgs.

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