Maize On NCDEX Settled Down By -1.34% At 1396

Maize on NCDEX settled down by -1.34% at 1396 on profit booking tracking weakness in spot demand and over prices on ample global supply. The USDA said the U.S. corn harvest was 24 percent complete by now, behind the trade estimates' average of 25 percent and the five-year average of 27 percent. In Telangana, it has been sown in 5.85 lakh hectare which is higher than 4.22 lakh hectare covered during corresponding period last year. Maize Crop is at cob formation to harvesting stage. It is reported that traces of stem borer, blight and helicoverpa attacks in Nizamabad, Warangal and Karimnagar districts.

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