Maize Trading Range For The Day Is 1524-1528

Maize on NCDEX settled down by -0.84% at 1526 on profit booking after prices gained tracking firmness in overseas prices as forecasts for rain stoked fears that farmers will to soybeans. Corn planting is already lagging. The U.S. Department of Agriculture estimated U.S. corn planting at 17 percent complete as of Sunday, well behind last season's pace of 28 percent and slightly less than the five-year average of 18 percent.

Trading Ideas: 

* Maize trading range for the day is 1524-1528. 

* Maize dropped on profit booking after prices gained tracking firmness in overseas prices as forecasts for rain stoked fears that farmers will to soybeans. 

 * The U.S. Department of Agriculture estimated U.S. corn planting at 17 percent complete as of Sunday, well behind last season's pace of 28 percent. 

* NCDEX accredited warehouses maize stocks dropped by 31 tonnes to 1618 tonnes. 

* In Nizamabad maize spot prices gained 8.9 Rupees to 1527.25 Rupees per 100 kgs.

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