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The European Commission's Joint Research Centre reports that repeated heatwaves and drought have reduced crop yields across parts of western and central Europe. Storms and hail have caused additional agricultural damage in several countries.
Lower EU yields tighten the European grain supply and export availability, which supports wheat and corn prices.
brusselspost.comNov 1, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
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.
