Wheat prices softened by 0.36 per cent to Rs 1,680 per quintal in futures trading today as speculators trimmed their positions, triggered by sufficient stocks positions in spot markets on higher supplies.
At the National Commodity and Derivatives Exchange, wheat for delivery in January traded lower by Rs 6, or 0.36 per cent to Rs 1,680 per quintal with an open interest of 240 lots.
Likewise, wheat for delivery in February shed Rs 2, or 0.12 per cent, to Rs 1,717 per quintal in 5,110 lots.
Market analysts said cutting down of positions by traders, driven by ample stocks position on increased arrivals from producing belts in the physical market against subdued demand, mainly influenced wheat prices at futures trade.
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