Maize on NCDEX settled up by 1.28% at 1498 tracking firmness in spot demand and overseas prices amid delays in planting in the United States. Rain showers forecast across the western half of the U.S. grain belt this week are likely to stall farmers as they try to plant corn. The U.S. Department of Agriculture (USDA) said the U.S. corn crop was 3 percent seeded by April 9, matching the five-year average. But progress lagged in Illinois, the No. 2 U.S. corn producer, where the crop was only 1 percent seeded, compared with the state's average of 5 percent. 

Large speculators increased their net-short position in CBOT corn futures in the week to April. 11, regulatory data released showed. Brazilian corn production will fall back sharply from the record levels seen this year, as farmers switch sowings away from corn in response to lower prices, US officials said.

Trading Ideas:

Maize trading range for the day is 1467-1523.

Maize prices ended with gains tracking firmness in spot demand and overseas prices amid delays in planting in the United States.

Rain showers forecast across the western half of the U.S. grain belt this week are likely to stall farmers as they try to plant corn.

The U.S. Department of Agriculture (USDA) said the U.S. corn crop was 3 percent seeded by April 9, matching the five-year average.

In Nizamabad maize spot prices gained 3.85 Rupees to 1492.5 Rupees per 100 kgs.

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