
The MARS bulletin raised its EU soft wheat yield forecast to about 6.05 t/ha, above the five-year average but below last year. Winter barley yields were revised slightly upward to 5.23 t/ha and rapeseed estimates also improved, though rainfall deficits in central, northern and eastern regions remain a risk.
Higher EU yield forecasts add supply and are mildly bearish for wheat and barley, though persistent dryness could reverse the upgrade before harvest.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.