Maize trading range for the day is 1224-1242.
Maize settled flat due to supplies from the new season crop, prospects of higher production and sluggish demand
Daily arrivals in the local market from the new harvest are higher while the quality of the supplies from some centers is inferior
Corn production is expected to be higher than in the previous year, but excessive rains in parts of Andhra Pradesh have raised concerns about the quality
Technically market is under short covering as market has witnessed drop in open interest by -2.02%
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