
France's Ministry of Agriculture raised its 2025 soft wheat forecast to 33.3 million tons from 33.1 million. It cut its corn forecast to 13.4 million tons from 13.7 million due to heat and drought, about 8% below last year.
A larger French wheat crop adds to global wheat supply, while the smaller corn crop slightly tightens EU feed corn supply and supports corn prices.
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.
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.
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.