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Maize on NCDEX settled down by -0.14% at 1435 despite stockiest are keen to buy at this time. In India, maize has been sown in around 14.72 lakh hectares as on 13th January’ 17 which is higher than 13.46 lakh hectare covered during corresponding period last year. In Maharashtra, it has been sown in around 2.41 lakh hectares which are higher than 2.10 lakh hectare covered during corresponding period last year.

In Bihar also, it has been sown in around 4.47 lakh hectares which is higher than 4.36 lakh hectare covered during corresponding period last year. At Naugachia market in Bihar, estimated market supply was at 667 Quintal, down by 166 Quintal as against previous day. At Nizamabad market in Andhra Pradesh, sources reported arrivals at 2000 Qtl, lower by 2000 Qtl from previous day’s arrivals. The area under the rabi maize crop across the country was at 1.01 mln ha up 6.4% from a year ago, according to data released by the farm ministry. A year ago, farmers had sown maize across 953,600 ha. 

Technically market is under fresh selling as market has witnessed gain in open interest by 0.56% to settled at 14470 while prices down -2 rupee, now Maize is getting support at 1427 and below same could see a test of 1419 level, And resistance is now likely to be seen at 1443, a move above could see prices testing 1451.