The maize market has been showing a weak trend over the past 10 days. In South India, prices are declining due to two key reasons: stockists are offloading their old stock, and there's a strong expectation of a bumper new crop. In Namakkal, premium maize prices have dropped from 2700 per quintal at the end of July to 2500. Similar price corrections are being observed in Karnataka and Maharashtra. In Sangli, premium maize prices fell from 2600 on August 12 to 2475 by August 30. However, some markets have shown slight upward movement. Neemuch mandi saw a ₹50 increase in maize prices. In Delhi, UP-origin maize was quoted at 2350, Bihar-origin at 2600, Gulabbagh at 2400, Kathwada at 2300, and Bulandshahr at 2150 per quintal. In North, Central, and Eastern India, prices are currently stable, but these regions may also come under pressure as new crop arrivals increase. Due to high moisture content from the rains, stockists are hesitant to store maize and are selling off existing stock quickly. Sowing of maize this season is up by 15%, indicating a likely rise in production, which may further pressure prices. While demand from the ethanol industry may offer some support, it is not strong enough to stabilize the market. Ethanol plants are buying maize at around 2300 (Delhi line), while Bihar-origin maize is still being bought at 2360. Major markets like Gulabbagh may also face price pressure in the coming days. In conclusion, the near-term outlook for the maize market remains weak, with little chance of a significant price rise. The current market trend favors sellers.