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Wheat prices rose by 1.10 per cent to Rs 1,650 per quintal in futures trade today as speculators built up fresh positions, taking positive cues from the spot market on upsurge in demand.
At the National Commodity and Derivatives Exchange, wheat for delivery in February rose by Rs 18, or 1.10 per cent, to Rs 1,650 per quintal with an open interest of 3,990 lots.
Likewise, the wheat for delivery in March contracts was trading higher by Rs 2, or 0.12 per cent, to Rs 1,680 per quintal in 2,590 lots.
Analysts said fresh positions created by traders due to uptick in demand in the physical market amid a pause in arrivals influenced wheat futures.
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