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The European Commission cut its 2026-27 maize estimate to 51.9 million tonnes, and private analysts see output possibly falling below 50 million tonnes. French production could halve to its lowest since 1976.
Wheat and corn futures strengthened on European crop losses, US Plains dryness, and Black Sea risk.
A smaller EU crop means more feedgrain imports, supporting world corn prices and increasing competition for grain from other origins.
farmonline.com.auAndrew Whitelaw, Episode 3Aug 18, 2026After 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 (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.
