The study looked at how wheat futures trading works in India. They checked if prices in India and the US are connected, and if Indian futures and spot markets are linked. They found that Indian spot and futures markets are connected, but US and Indian futures are not. The study also found that spot prices were very volatile when trading started and restarted, but less so during a ban. This means that futures trading didn't stabilize prices as expected. Even though futures can help set prices and manage risk, not many farmers use them because of low surplus and complicated trading. Overall, wheat futures in India are good at price transmission but not so good at price stability.