Copa-Cogeca experts estimated EU-27 total cereal production at 277 million tonnes for 2022, 4.4% below the previous year. Common wheat output is seen at 123.4 million tonnes, and durum wheat is forecast to fall 14.6%, citing heat, rain deficits and hail.
A lower EU cereal crop reduces feed grain availability in Europe and supports import demand, adding upward pressure on wheat and barley prices.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
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.