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NCDEX Maize futures ended up on short covering today as the persistent losses in the last few days gave away amid steady movements in the local cash markets. The commodity was hurt by massive spell of profit booking and short selling as traders continued to eye soon to be starting arrivals and a depressed activity in the spot markets made the benchmark futures witnessed their fourth consecutive drop. NCDEX Maize futures for October had plummeted to their three-month low level of Rs 855 per quintal, falling for fourth consecutive day. The market participants were reluctant to go long in the commodity even as the futures neared their lifetime lows, as there are no signs of a pickup in the physical demand

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