Maize settled flat tracking weakness in spot demand amid on a record production in the US and fears of a higher carry-over stock. The commodity has been in tight range off late as markets eyed heavy output in the Kharif season. However, fears that the late rains in some parts of the country could delay arrivals supported the sentiments. Some crop damage is expected in Andhra Pradesh due to excess rainfall though. The latest Kharif sowing data shows that there has been a good spurt in the area under cereals, which could arrest the overall rise in grain prices.
Monday, November 11, 2013
Commodity Trading Tips for Maize by KediaCommodity
Maize settled flat tracking weakness in spot demand amid on a record production in the US and fears of a higher carry-over stock. The commodity has been in tight range off late as markets eyed heavy output in the Kharif season. However, fears that the late rains in some parts of the country could delay arrivals supported the sentiments. Some crop damage is expected in Andhra Pradesh due to excess rainfall though. The latest Kharif sowing data shows that there has been a good spurt in the area under cereals, which could arrest the overall rise in grain prices.
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