# Adequate stocks drag down wheat futures by 1.15%

> Indian wheat futures fell 1.15% to Rs 1,640 per quintal on the NCDEX as speculators cut positions. Ample spot stocks and subdued demand weighed on prices.

- Date: 2017-09-25 · published 2017-09-25T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/8513-adequate-stocks-drag-down-wheat-futures-by-1-15
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Surplus Indian domestic supply limits import demand and keeps local wheat prices soft.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/adequate-stocks-drag-down-wheat-futures-by-1-15-117092500404_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.