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The European Commission's short-term outlook projects EU cereal production at 262 million tonnes in 2026/27, down 9.6% year on year. Maize output is expected to fall about 20% below the five-year average after heatwaves and drought, and the outlook cites higher energy and transport costs from Middle East and Ukraine tensions.
A sharp EU maize and cereal shortfall would increase import demand and firm global corn and wheat prices, while higher fertiliser and freight costs add to feed production expenses.
agriculture.ec.europa.euMay 5, 2022Not enough comparable past events yet for a historical read.
After 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.
