Tuesday, 5 April 2016

NCDEX Maize Insight Report by MarketMagnify

For the day, maize futures are forecast to trade on a positive note on follow through buying. During the period from 27th March 2016 to 2nd April 2016, major maize producing regions of Bihar have witnessed a rainfall, which is hampering harvesting of the fresh crop and it is also affecting supplies of harvested crop.

According to USDA’s recent planting projections, U.S. corn planting is likely to rise by 6.4% Y/Y to 93.6 million acres in 2016 which is the 3 rd highest since 1944.

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