Wheat futures rose marginally on spot demand

Wheat futures rose marginally on spot demand
Description : Industry
Date : Aug-20-2010

The wheat futures during today's range bound trade shot up slightly by Rs 1.20, or 0.09 per cent, to Rs 1,270.80 per 100 kg on the back of firm demand at spot markets.

However the gains were restricted due to the ample stocks at spot markets and bumper crops.

At National Commodity and Derivatives Exchange (NCDEX), the wheat delivery for October contract surged by Rs 1.20, or 0.09 per cent, to Rs 1,270.80 per 100 kg, with an open interest of 18,220 lots.

Moreover, the Wheat for delivery in September contract also rose by Rs 0.40, or 0.03 per cent, to Rs 1,253 per 100 kg, with an open interest of 29,710 lots. It closed 0.13 per cent higher at Rs 1,252.60 per 100 kg in yesterday's trade.

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