
The French Ministry of Agriculture estimates soft wheat output at about 32 million tonnes, down 4%, while corn could fall 35% to around 9 million tonnes, the lowest since 1980. Heat during flowering in mid-July burned pollen and reduced ear fill, and corn yields are estimated 19% below last year.
A near-record corn shortfall in France, a major EU producer, forces feed buyers to import or substitute, supporting corn and feed wheat prices and pressuring European feed costs.
After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,072 past bullish weather events, WHEAT 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.