PTI

Wheat futures fall on profit-taking at higher levels

Wed, Nov 4 12:56 PM

New Delhi, Nov 4 (PTI) Snapping a week-long rising streak, wheat prices fell in futures trading today as traders preferred to book profits at higher levels. At the MCX, wheat for delivery in December contract traded 0.86 per cent down at Rs 1,435 per quintal with turnover in 8 lots.

Similarly, wheat for delivery in current November contract also moved down by 0.47 per cent to Rs 1,437.50, in turnover in 42 lots. Expectations that the government may release wheat stocks for sale in open market also put some pressure on the wheat prices at futures market here.

Analysts said profit-taking by traders at prevailing higher levels, hopes that the government might release wheat stocks for sale in the open market also led to fall in grain prices at futures market here.

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