EU Crop Monitor MARS lowers forecasts for wheat, barley

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.

• Aug 12, 2021Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests | ESM Magazine+2.5%
• Jul 30, 2021IGC trims forecast for global wheat crop - Markets - Business Recorder+1.6%
• Jun 6, 2023Wheat prices are recovering amid increased demand and lower crop forecasts-0.1%
• Jun 21, 2022EU wheat, barley yields cut for third straight month | World Grain+0.5%
• Feb 16, 2024Strategie Grains has lowered its forecast for EU wheat production+1.0%

Not enough comparable past events yet for a historical read.

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.

• Jun 21, 2022EU wheat, barley yields cut for third straight month | World Grain-1.7%
• Jan 14, 2025Brazil’s corn crop forecast lowered to 122.3 mln tons+1.0%
• Aug 24, 2023More wheat and barley, but lower oat stocks at end-June: Grain market daily | AHDB-2.8%
• Aug 22, 2023EU Crop Monitor Trims Yield Estimates, Warns Of Wheat Quality Damage | ESM Magazine+1.6%
• Jun 16, 2023Strategie Grains cuts EU cereal crop forecasts on weather woes+2.2%