Maize On NCDEX Settled Down By -0.21% At 1431




Maize on NCDEX settled down by -0.21% at 1431 tracking weakness in overseas prices on expectations of bumper production in Brazil early next year. The USDA said that exporters sold 276,000 tonnes of corn to South Korea for 2016-17 shipment. The deal helped buoy the corn market after a choppy overnight session. Spot basis bids for corn at processors and river markets around the U.S. Midwest were steady to firmer after increased export business and higher futures prices deterred farmer sales. Private analytics firm Informa Economics projected Argentina's 2016/17 corn production at 36.5 million tonnes – in line with what the U.S. Department of Agriculture has estimated.

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