Harvest of the EU soft wheat crop is running well ahead of average, with France at 86% harvested versus a five-year average of 59%. Winter crops performed well in several member states, though Germany, Poland and Hungary expect average yields and Italy expects below-average yields.
Rain delays have affected some regions.
Fast harvest progress and improved EU output expectations add to export availability and pressure European wheat and barley prices lower, which tends to weigh on global feed grain values.
After 334 past bearish weather events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.