Maize futures might sustain weak trend for today. Rabi sowing is progressing well which is weighing on prices. Poultry demand is yet to pick up across major spot markets which are affecting the prices.
Global corn production is also better during current year which might have bearish impact on prices.
Demand for maize is also sluggish in Nizamabad and Davangere markets which might further support the down trend.
Rabi sowing prospects are reported to have started of which need to be closely watched.
Maize NCDEX Dec-11 support: 1095 -1098 resistance: 1106 -1109 Sell at 1100/1102 TP 1093/85 SL 1112
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