
The European Commission cut its 2024/25 EU common wheat forecast to 112.6 million tons from 114.6 million and lowered maize output to 58.0 million tons from 60.1 million. Both revisions reflect the weather-hit crops in the bloc.
Lower EU wheat and maize supplies raise import demand and support world feed grain prices. The cuts add to the pressure from a poor French and German harvest.
After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.