Thursday, May 07, 2015

EPIC RESEARCH NCDEX MAIZE UPDATE OF 07 MAY 2015

Maize trading range for the day is 1177-1201.
Maize prices ended with losses tracking weakness in spot demand and overseas prices after a report from the USDA showed rapid planting progress.
The U.S. Department of Agriculture said that approximately 55% of the corn crop was planted as of May 3, up from 19% in the preceding week.
NCDEX accredited warehouses maize stocks dropped by 26 tonnes to 10048 tonnes.
In Nizamabad maize prices gained 1.95 rupee to end at 1293.2 rupees per 100 kg.


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