Wheat futures recovered by Rs 4.40, or 0.36 per cent to trade at Rs 1,235 per quintal,as speculators covered-up their short positions amid pick up in demand in the physical markets.
However, government's plan to release five million tonnes of grain in the open market and adequate stocks following increased supplies in the spot market, restricted gains.
At the National Commodity and Derivatives Exchange, wheat for delivery in July contract recovered by Rs 4.40, or 0.36 per cent to Rs 1,235 per quintal, with an open interest of 21,900 lots. It ended 0.51 per cent down at Rs 1,230.60 per quintal in yesterday's session.
The grain for delivery in August contract also traded Rs 1.40, or 0.11 per cent higher at Rs 1,251.80 per quintal in an open interest of 11,410 lots.
