Maize Trading Range For The Day Is 1452-1504 - Ripples Advisory Pvt Ltd

Maize on NCDEX settled down by -0.14% at 1478 on profit booking after prices seen supported amid fresh demand and arrival pressure. The U.S. Department of Agriculture's weekly crop progress report rated 53 percent of the U.S. winter wheat crop in good to excellent condition. The figure was down from 54 percent the previous week, but above an average of expectations for 51 percent. The USDA said the U.S. corn crop was 47 percent planted as of Sunday, behind the five-year average of 52 percent, but ahead of an average of analyst estimates for 44 percent.

Trading Ideas: 

* Maize trading range for the day is 1452-1504. 

* Maize prices ended with losses on profit booking after prices seen supported amid fresh demand and arrival pressure. 

* The U.S. Department of Agriculture's weekly crop progress report rated 53 percent of the U.S. winter wheat crop in good to excellent condition. 

* NCDEX accredited warehouses maize stocks gained by 41 tonnes to 1186 tonnes. 

* In Nizamabad maize spot prices dropped -1.1 Rupees to 1523 Rupees per 100kgs.

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