Due to pressure from OMSS auctions, wheat prices in the market remained steady to slightly weak on Wednesday. Activity in the recent FCI OMSS auction was sluggish�similar to the previous round�except in Delhi, Haryana, and Himachal Pradesh. Currently, wheat sowing in the country has reached 12.8 million hectares, which is about 20% higher than last year�s 10.7 million hectares. Industry experts estimate that total sowing this year may increase by 3�5%, as adequate soil moisture is available after the kharif monsoon. In the spot markets: In South India, wheat traded at ₹3,000 per quintal, down by ₹10. In Uttar Pradesh, prices remained steady at ₹2,650 per quintal. In Bihar, wheat fell by ₹5 to ₹2,675 per quintal. In Delhi, prices weakened by ₹10 to ₹2,790 per quintal. In Kolkata, prices declined by ₹10 to ₹2,900 per quintal. In Madhya Pradesh, prices were stable at ₹2,640 per quintal. The Madhya Pradesh government has set the wheat MSP at ₹2,600 per quintal for 2025�26. Judging by the government�s stance, it appears that it is not inclined to push wheat prices further down. Therefore, a cut in the FCI OMSS reserve price seems unlikely in the near term. Participation in OMSS auctions is expected to remain limited since market prices in major producing states are still lower than the reserve price. The market is now awaiting the government�s decision on wheat exports. If exports are allowed, which traders believe is quite likely, wheat prices may increase by ₹50�₹75 per quintal. On the other hand, if the export ban continues, wheat prices are expected to remain range-bound in the short term.