Prices of maize remained unchanged due to sluggish demand from bulk buyers amid a fall in supply of the coarse grain.
In coming days, prices are likely to fall on thin demand as bulk buyers are waiting for fresh arrivals of the new rabi maize crop to hit the market in March.
Corn futures were higher after Tuesday trading, with March and May up the most at 5 1/2 cents on the day. H/K carry is 4 1/2 cents. Double digit gains in wheat helped corn higher.
The Export Inspections report with data from the week ending 02/13 listed corn exports at 795,228 MT. The 31.307 mbu was 262,942 bushels more than last week’s shipments.
The same week last year shipped 5.771 mbu more. Accumulated exports from the report were at 484.57 mbu, which is 50.88% of last year’s shipments through the same time.