Maize on NCDEX settled up 2.39% at 1583 tracking firmness in spot demand despite of weak overseas prices. A weekly U.S. Department of Agriculture report said that old-crop corn export sales came in at 345,100 tonnes in the seven days, down from 667,777 tonnes a week ago. New new-crop sales were 506,300 tonnes, down from 687,843 tonnes. The old-crop figure was below market forecasts while the new-crop number was in line with expectations.

The Argentina’s Agriculture Ministry said it now expects 39.8 million tonnes from the 2015-16 corn crop, up from 37.9 million in its last monthly report. India's state-run trader PEC has received only one bid for a tender floated to import 120,000 tonnes of non-genetically modified organisms (GMO) corn, a government source said.

                     Trading Ideas  

• Maize trading range for the day is 1515-1625.   

• Maize prices ended with gains tracking firmness in spot demand despite of weak overseas prices.A weekly U.S. Department of Agriculture report said that old-crop corn export sales came in at 345,100 tonnes in the seven days.       

• NCDEX accredited warehouses maize stocks gained by 398 tonnes to 11274 tonnes.     

•  In Nizamabad maize spot prices dropped -7.85 rupees to 1741.5 rupees per 100kgs.