Maize On NCDEX Settled Down -0.85% At 1521

Maize on NCDEX settled down -0.85% at 1521 on profit booking amid weakness in spot demand. However downside seen limited due to firm overseas prices underpinned by concerns over freezing temperatures threatening the U.S. winter crop. The U.S. Department of Agriculture reported net corn export sales hit a three-week high last week, with old-crop deals for crops topping trade expectations. The International Grains Council, in a monthly report, raised its forecast for the 2017/18 global grains crop by 4 million tonnes to 2.054 billion tonnes, down from 2.111 billion in 2016/17.

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