
French soft wheat sales to Algeria have fallen to nearly zero, after they had reached about 8 million tonnes per year. Algeria's state grain office bought over 700,000 tonnes of soft wheat between November 9 and 13, mostly expected to come from Argentina, with Romania and Bulgaria also possible suppliers.
Algeria has bought 5.3 million tonnes of foreign soft wheat since the start of 2026.
Loss of a major French export market shifts Algerian demand to Argentina and the Black Sea, adding competition for French wheat and pressuring European export prices. The effect on global wheat prices is limited given the volumes shifting between origins.
After 379 past bearish trade events, Wheat (SRW) moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.