Prices of maize rose across key spot markets due to firm demand from poultry feed companies and starch manufacturers.

Demand rose today as the bulk buyers anticipate a severely tight supply in the coming days due to a smaller crop.

Maize futures on NCDEX also rose, tracking spot markets. The most-active September maize contract was up 1.2% at 2,228 rupees per 100 kg.

Prices of maize rose across key spot markets due to firm demand from poultry feed companies and starch manufacturers.

Demand rose today as the bulk buyers anticipate a severely tight supply in the coming days due to a smaller crop.

Maize futures on NCDEX also rose, tracking spot markets. The most-active September maize contract was up 1.2% at 2,228 rupees per 100 kg.
Corn futures were down 5 3/4 to 6 1/4 cents as rains rolled across most of the Corn Belt over the weekend.

The weekly Crop Progress report indicated that 55% of the US corn crop was in the dough stage (76% avg), with 15% dented (30% avg) as of Sunday.

Condition ratings slipped 1% to 57 % gd/ex, with the Brugler500 Index down 2 points to 349. The ProFarmer Midwest Crop Tour is underway on both the western and eastern ends of the Corn Belt.

Day one results from parts of IN, OH, SD and NE should be out later this evening. USDA Export Inspections data showed 510,334 MT of corn shipped in the week that ended on August 15.

That was down 30% from the week prior and roughly half of the same week last year. Sorghum shipments to China totaled 50,002 MT.