# EU sharply cuts soft wheat harvest forecast again - Markets - Business Recorder

> The European Commission cut its 2020/21 EU-27 soft wheat crop forecast to 117.2 million tonnes from 121.5 million, a second straight monthly reduction of over 4 million tonnes. Output would be more than 10% below last year's 130.9 million, with France projected at 30.3 million tonnes, down 12%. Export projections were also trimmed to 25.0 million tonnes from 26.5 million.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: report · region EU · magnitude medium
- Page: https://feedsoft.ai/events/52547-eu-sharply-cuts-soft-wheat-harvest-forecast-again-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller EU crop and lower export availability tighten world wheat supply and support Euronext and global wheat prices, which feeds into higher wheat costs for feed formulators.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-06-24 | [EU trims 2021/22 wheat harvest and stocks forecasts - Markets - Business Recorder](https://feedsoft.ai/events/46520-eu-trims-2021-22-wheat-harvest-and-stocks-forecasts-markets-business-recorder.md) | -0.1% | -3.6% |
| WHEAT | 2021-03-12 | [Coceral cuts EU, UK soft wheat, rapeseed crop forecasts - Markets - Business Recorder](https://feedsoft.ai/events/48083-coceral-cuts-eu-uk-soft-wheat-rapeseed-crop-forecasts-markets-business-recorder.md) | -0.3% | +0.5% |
| WHEAT | 2020-08-13 | [Strategie Grains cuts EU, UK wheat crop forecast - Markets - Business Recorder](https://feedsoft.ai/events/51571-strategie-grains-cuts-eu-uk-wheat-crop-forecast-markets-business-recorder.md) | +0.7% | +11.5% |
| WHEAT | 2021-06-25 | [French wheat crop rating declines, barley harvest starts - Markets - Business Recorder](https://feedsoft.ai/events/46524-french-wheat-crop-rating-declines-barley-harvest-starts-markets-business.md) | -0.2% | -3.8% |
| WHEAT | 2021-03-10 | [Wheat inches lower, subdued USDA forecast caps losses - Markets - Business Recorder](https://feedsoft.ai/events/7082-wheat-inches-lower-subdued-usda-forecast-caps-losses-markets-business-recorder.md) | -0.4% | -0.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40000888

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