Wheat prices remained stable to strong in major markets yesterday due to supply shortages. Buyers were forced to raise bids as sellers showed reluctance to transact at lower prices. Despite the continuation of wheat auctions by the Food Corporation of India (FCI), mill owners faced challenges securing supply at current rates due to limited physical availability. New arrivals have started in Gujarat, but the quantity remains low. Active buying continued in the evening trade, yet difficulties in purchasing at current price levels persisted. In Delhi, wheat was trading 30-35 rupees higher at 3125 rupees per quintal, while in Bengaluru, the price range was 3350-3360 rupees per quintal. Although there was no significant decline in wheat production last year, a notable reduction in government open market sales has led to a clear shortage in supply. In 2023-24, the government sold 10 million tons of wheat in the open market, but this year the allocation has been reduced to just 2.5 million tons. India's annual wheat demand is estimated to be around 107 million tons. The condition of the new crop does not appear favorable as most of the wheat crop is currently in the grain-filling stage. However, an increase in temperatures due to adverse weather could reduce production to 105 million tons. In the coming days, market sentiment will be influenced by weather trends and government interventions. An increase in temperatures may drive prices up, while increased government auctions could reduce profits.