Indias domestic wheat market continued to display a balanced yet firm trend on Friday, with sentiment remaining positive due to the continued delay in the governments Open Market Sale Scheme (OMSS). The absence of any official announcement regarding the first e-auction, sale quantity, or FCI depot-wise allocation has provided steady support to prices across key markets. Delhis Lawrence Road wheat prices have remained stable in the ₹2,765-2,770 per quintal range over the past several trading sessions, indicating strong buying interest at lower levels and limited selling pressure. Rack-load demand has also started improving, while trading activity is gradually picking up. Most buyers are purchasing only as per immediate requirements, whereas stockists continue to hold inventories instead of releasing stocks at current prices. Between May 12 and July 16, 2026, Delhi Lawrence Road wheat traded within a range of ₹2,660-2,780 per quintal, with an average price of ₹2,735 per quintal. Interestingly, the average price during the same period in 2025 was ₹2,736 per quintal, almost identical to this years average. However, the market has recovered nearly ₹120 per quintal from its seasonal low this year, highlighting improving fundamentals. The sustained trading range of ₹2,765-2,770 over the last 8-10 sessions further confirms the markets resilience. Major consumption and trading centers witnessed a mixed but largely positive trend. Delhi Lawrence Road: ₹2,765/quintal Indore (Mill Quality): ₹2,550-2,600 (+₹40) Kota (Mill Quality): ₹2,500-2,550 (+₹20) Kota (Lustre Wheat): ₹2,450-2,525 (+₹25) Jaora (Mill Quality): ₹2,425-2,470 (+₹20) Jaora (Premium Mill Wheat): ₹2,490-2,540 (+₹10) Varanasi (Net): ₹2,820 (+₹20) Kanpur: ₹2,620 (+₹20) Lucknow: ₹2,620 (+₹20) Bareilly: ₹2,635 Kolkata (Net): ₹2,810 (steady) Bengaluru (MP Line): ₹2,925 (+₹35) Bengaluru (Rajasthan Line): ₹3,000-3,120 (+₹20) Jammu markets have recorded a cumulative gain of nearly ₹45 per quintal over the past six trading sessions. Demand from flour mills remains encouraging. Wheat flour, maida, and semolina prices stayed largely unchanged across Uttar Pradesh, while Kolkata witnessed gains ranging from ₹15 to ₹50 per quintal in finished products. Processed wheat products also strengthened in the Gorakhpur region, whereas mills in Chhattisgarh and Bengaluru reported wheat price increases of ₹10-40 per quintal. Hyderabad remained relatively quiet with minor weakness in select mills. Healthy demand for finished products suggests that flour mills continue to enjoy satisfactory processing margins, providing a solid price floor for raw wheat. Global Wheat Rally Strengthens Market Sentiment:- International wheat markets have also turned increasingly bullish. Rising geopolitical tensions between Russia and Ukraine, particularly renewed security concerns in the Black Sea region, have heightened fears over global grain supplies. As a result, CBOT Wheat futures have surged by more than 11% over the past week, climbing to approximately $6.74 per bushel, while Euronext September Wheat futures have touched a one-year high of around €228.5 per tonne. CBOT wheat has gained nearly 13% during the past two weeks, reinforcing bullish global sentiment. The international rally is gradually influencing the Indian market as well. Buying enquiries from Bangladesh have improved, with importers offering ₹10-20 per quintal higher prices than before. If global prices remain firm, fresh export deals for Indian wheat are expected to emerge in the coming weeks, providing additional support to domestic prices. According to market analysts, ₹2,760 per quintal has now emerged as a strong support level for Delhi wheat, with consistent buying interest visible at this price. Meanwhile, ₹2,780 per quintal remains the immediate resistance level. If global wheat prices continue to strengthen, export enquiries improve further, and the governments OMSS sales continue to be delayed, a sustained move above ₹2,780 could open the way for prices to advance towards ₹2,800-2,825 per quintal. However, any sudden large-scale wheat sales under the governments OMSS could create temporary pressure at higher levels. For now, the overall market outlook remains constructive, with traders closely monitoring government policy, export demand, and international market developments.