Maize prices fell across the key spot markets due to a decline in purchases by bulk buyers at high prices.

On the NCDEX, too, maize futures ended lower tracking spot cues. The June maize contract closed at 1,902 rupees per 100 kg, down 0.9% from the previous close.

However, prices are seen rising in the coming days due to prevailing uncertainties over imports and a gradual fall in supplies.

Corn futures ended the session with the nearby contracts 10 to 14 1/2 cents higher. The front month continuation chart broke $4 for the first time since last May.

July was up another 5.48% this week. Weather forecasts continue to show rains for much of the Midwest into next week.

USDA reported a private export sale of 113,000 MT of corn for 18/19 delivery to Mexico this morning.

Spec funds bailed out of their net short position at the fastest weekly pace on record, slashing 166,189 contracts from their net short position as of Tuesday to take it to -116,729 contracts.

As of last Thursday, USDA showed corn exports at 65% of their full year projection, just 1% behind normal.

Total commitments, however, are 12% back of the 5-year average at 81% of the USDA projection, as unshipped sales are lagging.