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Algeria's state grain office OAIC closed a tender launched on November 9 and bought over 700,000 tonnes of milling wheat at about $313 per tonne cost and freight, below the October purchase. Total imported soft wheat for the year now exceeds 5.3 million tonnes, with shipments due in January 2027, possibly from Argentina, Romania and Bulgaria.
Algeria's large purchase supports export demand from Argentina and the Black Sea, while the lower price signals softer global wheat values. Continued import needs underpin demand even as domestic output is expected to rise.
journan.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.
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.
