Maize On NCDEX Settled Up By 0.55% At 1458

Maize on NCDEX settled up by 0.55% at 1458 as the market was underpinned by lower-than-expected inventories in the United States due to strong demand. Corn prices rose after the U.S. Department of Agriculture, in a quarterly crop report said 1.738 billion bushels of corn were in storage as of Sept. 1. That was below the amount had expected on average, indicating that livestock producers had fed more corn to their animals than anticipated. 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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