Wheat falls 2.5% on bumper crop hopes

Wheat futures for January fell by Rs 39, or 2.47% to Rs 1,538 per quintal in 1,510 lots.

At the National Commodity and Derivatives Exchange, the February contract held steady at Rs 1,483 per quintal in 9,600 lots.

Speculators reducing their positions, amid hopes of a bumper crop affected the trade.