Maize On NCDEX Settled Up 0.55% At 1475



Maize on NCDEX settled up 0.55% at 1475 as prices gained on frsh buying support tracking firmness in spot demand. The USDA is expected to reduce corn yields from what they forecast in the August report but overall the crop is still expected to be very large. The USDA in its September supply and demand outlook is likely to reduce the average corn yield to 173.4 bushels per acre, down from 175.1 bpa on Aug. 12 but still a record high. In A.P and Telangana, maize is likely to trade steady in the near term. Stock of maize could be around 10,000 MT which was 20,000 MT last year.

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