Maize prices across key spot markets was largely flat due to a rise in arrivals in Uttar Pradesh, amid firm demand from bulk buyers.

The maize crop sown in Uttar Pradesh during the rabi season usually arrives during early June and it is now in full swing.

However, a steady demand from bulk consumers could not lift prices as arrivals were high.

On NCDEX, maize futures rose sharply due to an anticipated decline in arrivals in the coming days. The most-active July contract was up nearly 0.9% at 1,872 rupees per 100 kg.

Corn futures ended the session with deferred 2020 contracts steady to 6 1/2 cents higher and 2019 contracts up 7 to 11 cents.

The bull spreading is reflecting the strength in the cash markets, especially in the ECB.

The front month continuation chart hit its highest price since June 2014, as July was up 8.96% this week.

Ethanol futures were up 3.9% on Friday.

USDA reported a private export sale of 125,613 MT of 19/20 corn to Unknown Destinations this morning.

Spec traders in corn futures and option added 23,969 contracts to their net long position as of June 11, now at 111,212 contracts.