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Wheat fell 1 to 3 cents as Ukraine's 2025 grain harvest is seen falling to 51-52 million tonnes from about 55 million in 2024 due to poor weather. The European Commission trimmed its EU soft wheat and maize forecasts.
Corn and soybeans were also lower on favorable US Midwest weather.
Smaller Ukrainian and EU crops support wheat values, though favorable US weather and strong global harvests limit gains and keep corn and soybeans under pressure.
brecorder.comReutersJul 31, 2025After 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 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
