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EU grain yields are reported to be well down this season. The December wheat contract was at €230.25 per tonne, up on the week but below the prior week's €232.75.
Lower EU yields tighten European wheat supply and support prices for feed grains. The price gain was modest, suggesting the market has not fully priced in the shortfall.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.