Indian wheat futures fall

Indian wheat futures fell for the third straight day on sluggish demand, while gold firmed tracking higher international prices on Thursday, brokers said. Soyaoil rose but sugar was mixed, with an easing bias. August wheat contract at the National Commodity and Derivatives Exchange (NCDEX) fell 5.20 rupees to 787.20 per 100 kg. September wheat dropped 6.60 rupees to 807.
"Purchases are weak because many mills are well stocked with wheat," one New Delhi-based trader said. "But the demand will rise in a few weeks when stocks get exhausted."
Gold climbed as the yellow metal hit its highest level in a week in Asia with the dollar weakening against the euro.