
Algeria's state grain agency bought more than 700,000 tons of milling wheat in a tender, according to traders cited by Reuters. The purchase was reported on November 11, 2026, with the S&P GSCI Wheat Index up 1.84% on the day.
A large state purchase from a major importer supports international wheat demand and firms export prices for wheat suppliers. Buyers of wheat-based feed inputs may see slightly firmer costs.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% 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.