Wheat futures traded marginally higher by 0.34% today, mostly supported by covering-up of short positions by speculators.
At the National Commodity and Derivatives Exchange, wheat for delivery in July traded Rs 4, or 0.34%, higher at Rs 1,134 per quintal, with an open interest for 31,310 lots.
Similarly, wheat for delivery in August rose by Rs 3.40, or 0.28%, to Rs 1,200 per quintal, with a trading volume of 10,480 lots.
Market analysts said covering-up of pending short positions at prevailing lower levels by the speculators, helped wheat futures to trade a shade higher.
However, adequate availability of wheat stocks in the spot market due to record procurement by the government, limited the gains.
