Strategy Grains forecasts EU cereal plantings for 2018 at 56.1 million hectares, up 0.7% from the prior year. Wheat and barley areas are expected to rise, while maize area could fall 1.5%.
Rapeseed area is seen stable at 12.3 million hectares, with some northern European land shifting from difficult rapeseed sowing to wheat.
Larger EU wheat and barley plantings add to export supply and weigh on prices, while a smaller maize area could support corn prices and tighten feed grain balances.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.