Maize on NCDEX settled down by -0.34% at 1484 tracking weakness in spot demand and overseas prices amid rise in supply. In overseas, corn is being underpinned by concerns heavy rains in the Midwest and southern growing areas may have washed away recently sown crops. 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.

Trading Ideas: 

*Maize trading range for the day is 1455-1515. 

*Maize dropped tracking weakness in spot demand and overseas prices amid rise in supply. 

*Brazilian corn production will fall back sharply from the record levels seen this year, as farmers switch sowing away from corn in response to lower prices. 

*NCDEX accredited warehouses maize stocks gained by 31 tonnes to 1397 tonnes. 

*In Nizamabad maize spot prices gained 0.55 Rupees to 1531 Rupees per 100kgs.

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