Wheat futures up 0.38% on speculative buying

Wheat prices went up by 0.38 per cent to Rs 1,827 per quintal in futures trade today as speculators made fresh bets.

At the National Commodity and Derivatives Exchange, wheat for delivery in July rebounded by Rs 7 or 0.38 per cent to Rs 1,827 per quintal with an open interest of 5,280 lots.

Analysts said fresh positions created by traders after improved demand in the physical market amid a pause in arrivals from producing belts influenced wheat prices at futures trade.