Maize On NCDEX Settled Up By 0.54% At 1304

Maize on NCDEX settled up by 0.54% at 1304 supported by increased offtake by consuming industries. The USDA projected U.S. corn stocks would rise to 2.153 billion bushels by the end of 2016/17. The figure was below the average trade forecast of 2.294 billion, but would be the largest since the 1980s if realised. U.S. farmers are in the thick of spring planting and had seeded 64 percent of the 2016/17 corn crop by Sunday, the USDA said.

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