Adequate stocks drag down India wheat futures.

Wheat prices eased by 0.30% in futures trade as speculators cut down bets, triggered by sufficient stock positions at the spot markets against low demand. Russia may see bumper wheat harvest again in 2018. Offloading of positions by participants on the back of ample stocks position on increased supplies from producing regions in the physical market against subdued demand from flour mills, mainly led to decline in wheat prices at futures trade.