# Overnight global snapshot – Dec 14

> Algeria bought about 120,000 metric tonnes of U.S. hard red winter wheat in its biggest U.S. purchase in nine months. Brokers said U.S. low-protein wheat is now priced below French futures and competitive with Russian and Romanian wheat for Egypt.

- Date: 2017-12-13 · published 2017-12-13T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/67516-overnight-global-snapshot-dec-14
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large export sale and improved competitiveness versus Black Sea and EU origins support U.S. wheat export demand and the outlook for low-protein HRW prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-11-22 | [Tides May be Turning in the Global Wheat Trade](https://feedsoft.ai/events/62071-tides-may-be-turning-in-the-global-wheat-trade.md) | -0.6% | +7.2% |
| KWHEAT | 2024-11-06 | [Global Ag News for Nov 6.24 - ADM Investor Services](https://feedsoft.ai/events/10551-global-ag-news-for-nov-6-24-adm-investor-services.md) | -5.2% | -8.5% |
| KWHEAT | 2022-11-15 | [Wheat prices recovered slightly after last week’s decline](https://feedsoft.ai/events/38716-wheat-prices-recovered-slightly-after-last-week-s-decline.md) | -2.3% | -7.7% |
| KWHEAT | 2023-03-29 | [U.S. grains: Wheat up on Cargill's Russia decision - AgCanada](https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada.md) | 0.0% | -9.1% |
| KWHEAT | 2021-09-15 | [Daily Market Wire 16 September 2021 - Grain Central](https://feedsoft.ai/events/12294-daily-market-wire-16-september-2021-grain-central.md) | +0.6% | +7.8% |
| WHEAT | 2020-12-09 | [China’s Grain Imports Surge 30% on Rising Livestock Demand - Caixin Global](https://feedsoft.ai/events/49503-china-s-grain-imports-surge-30-on-rising-livestock-demand-caixin-global.md) | -1.1% | +4.5% |
| WHEAT | 2018-11-22 | [Tides May be Turning in the Global Wheat Trade](https://feedsoft.ai/events/62071-tides-may-be-turning-in-the-global-wheat-trade.md) | -0.9% | +3.4% |
| WHEAT | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -1.6% | -0.8% |

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/overnight-global-snapshot-dec-14/

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