Tuesday 26 August 2014

Capital stroke NCDEX Update : MAIZE 26 August 2014




Maize trading range for the day is 1125-1173.
Maize prices ended with losses as bumper global supplies and a firmer dollar weighed on prices.

At Davanagere market estimated market supply was at 600 Bags, lower by 400 Bags from previous trading day.

This year, maize sowing has been delayed due to the late arrival of the monsoon.

The USDA put the U.S. corn harvest at a record 14.032 billion bushels, but that was below consensus estimate of 14.253 billion.

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