Wheat futures edge up by 0.67%

Wheat prices went up by 0.67 per cent to Rs 1,642 per quintal in futures trading today as speculators built up fresh positions.

At the National Commodity and Derivatives Exchange, wheat for delivery in April moved up by Rs 11, or 0.67 per cent, to Rs 1,642 per quintal, with an open interest of 2,050 lots.

Likewise, the wheat for delivery in May held steady at Rs 1,665 per quintal in 9,720 lots.

Analysts attributed the rise in wheat futures to speculative positions created by traders.