Wheat futures up 0.39% as participants widen position

NEW DELHI: Wheat prices edged higher by 0.39 per cent to Rs 1,821 per quintal in futures market today as speculators expanded their positions.

At the National Commodity and Derivatives Exchange, wheat for delivery in August edged higher by Rs 7 or 0.39 per cent to Rs 1,821 per quintal with an open interest of 5,250 lots.

On similar lines, the wheat for delivery in July contracts traded higher by Rs 6, or 0.34 per cent to Rs 1,796 per quintal in 33,010 lots.

Analysts said widening of positions by speculative, mainly helped wheat prices to trade higher at futures trade.