
Expana raised its EU soft wheat 2025/26 estimate to a record 136.1 million tons, 3.3 million above its August projection, on bigger-than-forecast harvests in central and northern EU countries. It also lifted its EU barley outlook to 56.2 million tons, the highest since 2008.
A record EU wheat and barley crop adds to a global supply glut, adding downward pressure on wheat and feed grain prices and making it harder for EU exporters to sell surplus.
After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 138 past bearish report events, KWHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% 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.