Maize On NCDEX Settled Down By -0.56% At 1414

Maize on NCDEX settled down by -0.56% at 1414 tracking weakness in spot demand and overseas prices amid plentiful global supply. In Davangere stock of maize could be around 5,00,000 quintal which is same compared to last year. Argentine corn should benefit this season from high yields brought by good weather, the Buenos Aires Grains Exchange said, adding that it may increase its harvest estimate above the current 54.8 million tonnes. The U.S. Department of Agriculture reported weekly export sales of old-crop U.S. corn at 1.255 million tonnes, above a range of trade expectations and the most in seven weeks.

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