
The EU's JRC MARS bulletin says winter crops remain generally resilient with good EU yield prospects and exceptionally high expectations in Spain, Portugal, Romania, Bulgaria, Greece and the Baltics. Drought in parts of western and central Europe is weighing on spring and summer crops, while eastern Ukraine and Türkiye have seen significant winter crop losses.
Strong EU winter cereal yields add to export supply and tend to pressure wheat and barley prices, while drought in northern and central Europe limits upside for spring crops and feed grains.
After 334 past bearish weather events, Wheat (SRW) 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.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.