Wheat prices eased by 0.39 per cent to Rs 2,045 per quintal in futures market Tuesday as speculators trimmed positions, triggered by adequate stocks position at spot markets on increased supply.
At the National Commodity and Derivatives Exchange, wheat for delivery in October declined by Rs 8, or 0.39 per cent to Rs 2,045 per quintal with an open interest of 2,750 lots.
Market analysts said reduction of holdings by traders, driven by sufficient stocks position on increased arrivals from producing belts in the physical markets against easing demand, mainly helped wheat prices to trade lower at futures trade.