COCERAL estimates the 2017 EU cereal harvest at 304.4 million tonnes, below the European Commission's 313 million and above the COPA-COGECA figure of 296.6 million. COCERAL puts EU wheat at about 153.2 million tonnes.
The estimates differ mainly on planted area and yield assumptions.
A harvest near 304 million tonnes is a normal, sizeable crop that reduces EU import needs and weighs on feed grain prices compared with last year's weak output.
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.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.