# EU wheat eases after U.S. data, Algeria tender gives export boost

> Euronext wheat edged down after a higher-than-expected USDA estimate of the 2017/18 US wheat crop, including a spring wheat estimate at the high end of forecasts. Algeria booked 480,000 tonnes in a tender, with French wheat seen facing little competition.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/8734-eu-wheat-eases-after-u-s-data-algeria-tender-gives-export-boost
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Algeria's sizeable purchase supports European wheat export demand, partly offsetting bearish US production news that weighs on futures.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-09-29 | 5 | -7.1% | -3.8 | Euronext wheat fell after the higher-than-expected USDA US wheat crop estimate, showing the bearish supply surprise was transmitted globally, though the Algeria tender gave partial support. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-18 | [France raises non-EU wheat export forecast](https://feedsoft.ai/events/32651-france-raises-non-eu-wheat-export-forecast.md) | +1.1% | +1.8% |
| WHEAT | 2026-02-06 | [Export flurry boosts EU barley market to ease grain glut - Grainews](https://feedsoft.ai/events/20657-export-flurry-boosts-eu-barley-market-to-ease-grain-glut-grainews.md) | +1.2% | +4.5% |
| WHEAT | 2022-11-15 | [Importance of agri exports — and what Govt can do to boost India’s farm trade surplus](https://feedsoft.ai/events/38632-importance-of-agri-exports-and-what-govt-can-do-to-boost-india-s-farm-trade.md) | +1.1% | -1.2% |
| WHEAT | 2025-11-17 | [Australia details year to September wheat, durum exports](https://feedsoft.ai/events/21921-australia-details-year-to-september-wheat-durum-exports.md) | +1.7% | +1.3% |
| WHEAT | 2020-09-28 | [Grain export 2020/21: wheat shipment under the MoU reached 46% — Latifundist.com](https://feedsoft.ai/events/50978-grain-export-2020-21-wheat-shipment-under-the-mou-reached-46-latifundist-com.md) | +6.7% | +11.4% |
| KWHEAT | 2018-10-18 | [Wheat exports, the key to higher prices](https://feedsoft.ai/events/62623-wheat-exports-the-key-to-higher-prices.md) | -4.6% | -7.7% |
| KWHEAT | 2024-11-01 | [U.S. grains: Corn ticks up on export demand, easing harvest pressure - Grainews](https://feedsoft.ai/events/27421-u-s-grains-corn-ticks-up-on-export-demand-easing-harvest-pressure-grainews.md) | -0.0% | -8.5% |
| KWHEAT | 2023-12-15 | [Strong export demand boosts wheat, corn performance - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9994-strong-export-demand-boosts-wheat-corn-performance-agweek-1-source-for.md) | 0.0% | -4.0% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/eu-wheat-eases-after-us-data-algeria-tender-gives-export-boost-idUSL8N1MA5TF/

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