Maize On NCDEX Settled Up By 0.14% At 1466

Maize on NCDEX settled up by 0.14% at 1466 tracking firmness in spot demand and overseas prices. The USDA trimmed its corn harvest outlook slightly from the previous month, but the crop is still expected to be the largest in history. Acreage data released by the USDA's Farm Services Agency suggested the corn harvested area may be even larger than the agency reported. The USDA may increase its corn acreage forecast by at least 200,000 acres in next month's crop report. In India, maize has been sown in around 83.15 lakh hectares as on 9th Sept’16 which is higher than 75.06 lakh hectare covered during corresponding period last year.

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