Commodity Market Tips: Today Maize Trading Range Is 1464-1494

Maize on NCDEX settled up 0.34% at 1479 tracking firmness in spot demand and overseas prices despite of rising estimates on South America's corn output. The USDA left its forecast of U.S. 2016-17 corn exports unchanged at 2.225 billion bushels. Farmers may harvest at an estimated 14.32-million tonnes of maize in 2017‚ which represents the third-biggest maize crop on record.

Trading Ideas:

*Maize trading range for the day is 1464-1494. 

*Maize gained tracking firmness in spot demand and overseas prices despite of rising estimates on South America's corn output. 

*The market's attention is shifting to the planting of the 2017 U.S. corn, focusing on weather in the core Midwest production belt. 

*The USDA said the corn crop was 3 percent seeded by April 9, matching the five-year average.

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