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Algeria's state grain agency OAIC bought more than 700,000 tons of milling wheat in an international tender on November 11, 2026, far above the 50,000 tons initially announced. The average price was about $313 per ton C&F, roughly $13 or 4% below the October 13 tender.
Argentina is expected to be the main supplier, with Romania, Bulgaria and Baltic origins also possible.
A large purchase at a lower price signals firm North African import demand and competitive Argentine offers, which caps wheat export prices. Shipments from Europe in January 2027 and from South America in December 2026 shift the timing of supply.
ukragroconsult.comNov 12, 2026After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% 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.
