Thursday, 8 May 2014

Capital stroke NCDEX Update : MAIZE   8 MAY 2014


Maize trading range for the day is 1171-1233.
Maize ended with gains tracking firmness in spot demand as pace of corn sowing in United States and short covering at lower end.
Supplies in the domestic market has risen which is limiting the upside.
USDA said the U.S. corn crop was 29 percent seeded, lagging the five-year average of 42 percent.
Technically market is under fresh buying as market has witnessed gain in open interest by 8.63% to settled at 23170

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