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Wheat futures traded marginally higher by 0.34 per cent 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 per cent 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 per cent 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.
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