
The European Commission cut its 2026/27 EU corn production forecast to 47 million tons from 48.3 million in September. It also lowered soft wheat output to 123.7 million tons and soft wheat ending stocks to 10.6 million, while raising barley output to 53.6 million tons.
A smaller EU corn and wheat crop and lower wheat stocks increase EU import demand, including from Ukraine, which supports global corn and wheat prices.
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.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.