# Officials flag strength in EU corn prices, as crop woes lift import needs - Grain Price News

> The European Commission cut its EU corn harvest forecast by 6.5 million tonnes, and French corn prices rose 13.4% month-on-month to E336 per tonne. France's corn condition rating fell to 47% good or excellent, the lowest weekly reading since 2011, due to drought.

- Date: 2022-08-26 · published 2022-08-26T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/40046-officials-flag-strength-in-eu-corn-prices-as-crop-woes-lift-import-needs-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A sharply smaller EU maize crop raises import needs and supports European and world corn prices, pushing feed buyers toward higher-priced supplies.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-27 | [Soaring EU corn, sunflower imports spur ideas of volumes hitting multi-year highs - Grain Price News](https://feedsoft.ai/events/39253-soaring-eu-corn-sunflower-imports-spur-ideas-of-volumes-hitting-multi-year.md) | -2.0% | -2.6% |
| CORN | 2021-06-18 | [Drought Expands in Iowa, Stressing Crops- as Soybean and Corn Prices Tumble \| Farm Policy News \| Illinois](https://feedsoft.ai/events/46422-drought-expands-in-iowa-stressing-crops-as-soybean-and-corn-prices-tumble-farm.md) | +0.3% | -5.2% |
| CORN | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +6.6% | +4.6% |
| CORN | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -2.8% | +1.3% |
| CORN | 2022-07-29 | [Dip in grain prices may linger but prices could strengthen - High Plains Journal](https://feedsoft.ai/events/40511-dip-in-grain-prices-may-linger-but-prices-could-strengthen-high-plains-journal.md) | +2.4% | +3.2% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/08/26/officials-flag-strength-in-eu-corn-prices-as-crop-woes-lift-import-needs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.