Maize On NCDEX Settled Down By -0.9% At 1539

Maize on NCDEX settled down by -0.9% at 1539 on profit booking tracking weakness in spot demand and overseas prices pressured by ample world supplies. The USDA pegged corn planting at 17 percent complete as of Sunday, also exceeding market expectations. There could be additional pressure on corn with improved weather in Brazil for its winter corn crop. The advance of a cold front in southern Brazil and storms in the centre-west growing region may trigger rains and bolster prospects for the country's winter corn this week, according to weather forecasters. U.S. export inspections of corn last week came in at 1.45 million tonnes. Year-to-date inspections are 62 percent ahead of a year ago, according to USDA data

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