Tuesday, May 13, 2014

EPIC AGRI COMMODITY UPDATE NEWS :MAIZE



Maize trading range for the day is 1149-1201.

Maize prices dropped on expectations higher global supplies after the US Department of Agriculture raised estimates of US output and stockpiles.

Corn planting acreages in United States is estimated at 91.691 million from 95.365 million in 2013, according to the USDA.

NCDEX accredited warehouses maize stocks gained by 497 tonnes to 16396 tonnes.

Technically market is under fresh selling as market has witnessed gain in open interest by 12.12% to settled at 27670

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