# Algerian wheat purchase raises U.S. farmer hopes for exports

> Algeria made a wheat purchase that raised hopes among US farmers for export sales. U.S. wheat prices have fallen 60 percent since a four-year high in 2012, as large harvests worldwide cut export demand.

- Date: 2017-12-13 · published 2017-12-13T12:00:00.000Z
- Category: trade · region Algeria · magnitude low
- Page: https://feedsoft.ai/events/11625-algerian-wheat-purchase-raises-u-s-farmer-hopes-for-exports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A purchase by a major importer provides some export demand support, but record global inventories limit the price impact.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -1.1% | +0.1% |
| WHEAT | 2021-02-14 | [Export boom leads to higher wheat prices for area farmers](https://feedsoft.ai/events/9250-export-boom-leads-to-higher-wheat-prices-for-area-farmers.md) | +9.4% | +9.0% |
| WHEAT | 2022-09-22 | [U.S. Weekly Export Sales to China Notable in Wheat, Meats - Pro Farmer](https://feedsoft.ai/events/14904-u-s-weekly-export-sales-to-china-notable-in-wheat-meats-pro-farmer.md) | -0.2% | -10.7% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| WHEAT | 2026-10-29 | [After the Bell \| Wheat bounces on strong export sales - Pro Farmer](https://feedsoft.ai/events/1994-after-the-bell-wheat-bounces-on-strong-export-sales-pro-farmer.md) | -0.4% | — |

## Sources

- reuters.com: https://www.reuters.com/article/usa-wheat-exports/algerian-wheat-purchase-raises-u-s-farmer-hopes-for-exports-idUSL1N1OC1WT/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.