S&P Global reports that EU wheat production is expected to rebound in MY 2025-26 with a larger sown area, though yields will be uneven due to dryness in France, Germany and the UK. Better yields are expected in southeastern Europe, and French soft wheat was rated 70% good to excellent as of June 9.
A larger EU crop supports higher export availability and softer wheat prices, while weak French and northern yields cap how far that bearish outlook can go.
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.
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.