Maize prices settled flat as pressure seen from ample global supplies. In India, maize has been sown in around 13.95 lakh hectares which is higher than 12.87 lakh hectare covered during corresponding period last year. Total maize crop area could be around 15 lakh hectares for the Rabi season during 2016/17. Due to cash crunch in the market, farmers are bringing less stock in the market as traders are not able to pay the farmers. Traders are hoping for the situation to be under control soon but currently, market trades are badly affected. 

Technically market is under fresh buying as market has witnessed gain in open interest by 0.07% to settled at 14420 while prices up 1 rupee, now Maize is getting support at 1434 and below same could see a test of 1431 level, And resistance is now likely to be seen at 1439, a move above could see prices testing 1441.