Adequate stocks drag down India wheat futures by 1.15%.

Wheat prices fell in futures market as speculators cut down bets, triggered by ample stock positions at the spot markets against low demand. At NCDEX, wheat for delivery in far-month November declined by 1.15%. Offloading of positions by participants, driven by sufficient stock position on increased supplies from producing regions in the physical market against subdued demand, mainly put pressure on wheat prices at futures trade.