Maize Settled Flat Amid



Maize settled flat amid ample supplies and the prospects for strong global harvests. 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. The U.S. Department of Agriculture reported export inspections of U.S. corn in the latest week at 1,547,022 tonnes, at the high end of a range of trade expectations. Private analytics firm Informa Economics raised its projection of U.S. 2017 corn plantings to 90.8 million acres, from its January forecast of 90.5 million, trade sources said. Large speculators switched to a net short position in CBOT corn futures in the week to March 14, regulatory data showed.

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