
The IGC forecast a 2025/26 global wheat harvest of 807 million tonnes, 8 million above the prior season. Tallage estimates EU winter wheat production at 21.6 million hectares, up 6%, with France at 33.4 million tonnes, up 30%.
Hungarian producer prices were about 30-37% above a year earlier.
A larger EU and global wheat crop projection is bearish for wheat prices, although the article's data is based on March forecasts and older price levels.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 40 past neutral report events, Wheat (HRW) moved a median -0.9% over 5 sessions (38% higher; middle half -3.1% to +1.6%), 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.