Last week, wheat opened at ₹3085 per quintal in Delhi on Monday and closed at ₹3020 per quintal on Saturday, showing a decline of ₹65 per quintal due to a lack of demand during the week. However, the market�s momentum remains positive, with strong fundamentals still supporting the market. Mills are facing a shortage of supply, and the wheat provided by the government is insufficient to meet their needs. As a result, demand from mills in the market remains steady. In Madhya Pradesh, the prices of wheat in most flour mills have increased by ₹20-40 per quintal. Rajasthan: In Jaipur, the market prices were ₹50 higher, while in other parts of Rajasthan, the prices remained stable. OMSS Report: The first tender on the 4th of December offered 100,000 tons of wheat, of which 98,700 tons were sold. The next tender is scheduled for 11th December, with another 100,000 tons to be offered. The quantity of wheat sold through OMSS is expected to increase. However, this is not feasible in the short term. There is a possibility that wheat sales under OMSS may increase in January. Last year, in the first week of December, the government sold 2.80 lakh tons of wheat. Currently, the risk-to-reward ratio in wheat is not favorable. Traders willing to take more risks may remain in the market for a few more weeks, but conservative players should exit whenever there is a rise. The best decision for now would be to book profits on any increase until January. International News: The Russian government announced that it would raise its wheat export duty by approximately 32%, as the country faces high inflation and poor crop conditions due to winter, leading to a potential supply crisis and the imposition of export restrictions.