Wheat futures up marginally in thin trade

Wheat futures prices edged up by 0.03% to Rs 1,149.50 per quintal in range-bound trade today as speculators enlarged their positions at prevailing levels.

At the National Commodity and Derivatives Exchange, September delivery moved up by 30 paise, or 0.02%, to Rs 1,149.50 per quintal, with an open interest for 29,620 lots.

October delivery was trading 40 paise, or 0.02%, higher at Rs 1,168 per quintal, with a trading volume of 11,590 lots.

Market analysts said bargain buying by speculators on the back of a persistent fall in prices in the several past sessions helped wheat prices to rise in futures trade here.