
COCERAL's third 2026 forecast puts the EU-27 plus UK total grain crop at 295.5 million tonnes, down from 298.8 million in March and 311.3 million last year. Wheat excluding durum was raised to 143.7 million tonnes, while corn was cut to 57.2 million tonnes on shrinking acreage of 7.8 million hectares.
Barley was trimmed to 58.8 million tonnes.
A smaller EU corn crop and lower total grain output reduce exportable supply and support corn prices, while the higher wheat forecast limits the rally in wheat.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.