Last week, wheat in Delhi opened at ₹3,300 per quintal and closed at ₹3,225 per quintal on Saturday, marking a decline of ₹80 per quintal due to a lack of demand. Suggestions: Profit Booking: It is important to book profits on every rise from here. Market Trend: The market is not expected to be particularly bearish unless the government increases the bidding quantity in the MTF (Minimum Tender Floor). Market Outlook: By Wednesday, Delhi line could again trade above ₹3,300 per quintal. Policy Change: There seems to be no likelihood of a change in the government’s tender policy in January. Market Condition: Wheat is not sufficiently available in Madhya Pradesh, causing traders difficulties in accumulating stock. There is a shortage of wheat in Punjab, Madhya Pradesh, and Gujarat, while Uttar Pradesh and Bihar have ample wheat supplies. Flour sales remain weak, with demand lower this year compared to last year. Millers are struggling with the current prices. OMSS Report: In the sixth tender held on January 15, 150,000 tonnes of wheat were offered, and 141,000 tonnes were sold. The next tender will be held on January 22, with 150,000 tonnes of wheat offered. There has been no change in the bidding quantity. Statewise Market Trend: Uttar Pradesh: Wheat prices remained weaker by ₹40 in Hardoi, ₹50 in Gorakhpur, and ₹70 in Lucknow. Flour, maida, and semolina prices also declined by more than ₹50. Flour Mills: In Delhi, flour mill prices weakened by ₹65, and there was also a decline in prices in Madhya Pradesh. Future Outlook: Prices may stabilize slightly in the coming days. Note: The government holds more stock this year compared to last year. Delhi Line: This week, 26,000 quintals of wheat arrived at the Delhi line, which is 2,200 quintals more than last week. Wheat prices at the Delhi line weakened by ₹80 per quintal. The government’s decision to release an additional 50,000 tonnes of wheat did not have a noticeable impact on the market.