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The JRC's June 2025 drought report says a severe drought affects central, northern and eastern Europe, plus the eastern Mediterranean and northwest Africa, following a lack of rain from March to May. The MARS bulletin shows the Iberian Peninsula, Italy and Greece with abundant rain and yields that could be 15-20% higher in Spain and Portugal.
Drought in north-western and eastern Europe threatens spring crops and feed grain supply, which supports feed prices, while strong Iberian yields partly offset that risk for wheat and barley.
joint-research-centre.ec.europa.euJun 23, 2025After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
