AHDB's weekly report shows UK Nov-26 feed wheat futures slightly lower at £177.50/t while Paris Dec-26 milling wheat gained marginally. Hot, dry weather in Europe cut French maize conditions to an eight-year low, and the French ministry expects maize output could fall as much as 30%.
A possible 30% drop in French maize output tightens EU feed grain supply and supports European feed prices, while UK feed wheat remains under pressure from harvest-driven global markets.
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.
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 146 past neutral events of any kind, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and -0.0% 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.