Maize on NCDEX settled down by -1.06% at 1489 tracking weakness in spot demand and overseas prices as abundant global supplies weighed on prices. Pressure also seen on prices tracking overseas prices amid rapid planting progress in the United States. For corn, the U.S. Department of Agriculture said that U.S. farmers had sown 34 percent of their corn crop, in line with the five-year average and more than had been expecting.

Trading Ideas:

* Maize trading range for the day is 1470-1510. 

*Maize prices ended with losses tracking weakness in spot demand and overseas prices as abundant global supplies weighed on prices. 

*USDA said that U.S. farmers had sown 34 percent of their corn crop, in line with the five-year average and more than had been expecting. 

*NCDEX accredited warehouses maize stocks dropped by 31 tonnes to 1366 tonnes. 

*In Nizamabad maize spot prices dropped -2.3 Rupees to 1530.45 Rupees per 100 kgs.

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