# EU Wheat Drops as Focus Shifts to Ukrainian War, Argentinian Exports

> Euronext December wheat settled 1.6% lower at €232.50 a tonne after a four-day rally. Algeria bought about 700,000 tonnes in a tender, with traders expecting much of it to come from Argentina. Russian wheat is moving via the Baltic while Black Sea shipments are largely halted.

- Date: 2026-11-12 · published 2026-11-12T21:05:39.746Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/96447-eu-wheat-drops-as-focus-shifts-to-ukrainian-war-argentinian-exports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Argentine and Southern Hemisphere supplies are competing for Algerian demand, and rerouted Russian flows keep export supply ample, which weighs on European wheat prices. Any Black Sea shipping deal would be bearish for prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-12 | [First export of wheat under UN deal as two more ships depart Ukraine](https://feedsoft.ai/events/14467-first-export-of-wheat-under-un-deal-as-two-more-ships-depart-ukraine.md) | -2.3% | -11.7% |
| WHEAT | 2020-07-09 | [UAC: Ukrainian grain exports are close to pre-war levels \| Ukrainian Agrarian Confederation](https://feedsoft.ai/events/51993-uac-ukrainian-grain-exports-are-close-to-pre-war-levels-ukrainian-agrarian.md) | +0.7% | -0.2% |
| WHEAT | 2018-02-26 | [Tops in Wheat, Russia Moves Up as a Feed Grain Exporter](https://feedsoft.ai/events/66356-tops-in-wheat-russia-moves-up-as-a-feed-grain-exporter.md) | +1.4% | +1.3% |
| WHEAT | 2021-10-28 | [Ukraine can set two wheat export records \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/44406-ukraine-can-set-two-wheat-export-records-ukrainian-and-world-shipping-news.md) | +10.0% | +9.2% |
| WHEAT | 2020-09-17 | [Ukrainian seaports doubled grain exports in August](https://feedsoft.ai/events/50976-ukrainian-seaports-doubled-grain-exports-in-august.md) | -0.8% | +8.1% |

## Sources

- maritimeprofessional.com: https://www.maritimeprofessional.com/news/wheat-drops-focus-shifts-ukrainian-424288

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