Wheat prices recovered by 1 per cent to Rs 1,709 per quintal in futures market today as speculators built up fresh bets.
At the National Commodity and Derivatives Exchange, wheat for delivery in May rose by Rs 17, or 1 per cent, to Rs 1,709 per quintal with an open interest of 250 lots.
Likewise, the wheat for delivery in April contracts edged up by Rs 6, or 0.36 per cent, to Rs 1,680 per quintal in 1,750 lots.
Analysts attributed the recovery in wheat futures to fresh positions created by traders on improved demand in the physical market.