
The European Commission lowered its 2026/27 forecast for EU maize to 47 million tonnes, down 1.3 million tonnes from September's 48.3 million. It also cut soft wheat output to 123.7 million tonnes from 124.2 million, while barley and sunflower prospects improved.
A smaller EU maize and wheat crop raises import demand, with Ukraine the likely main beneficiary, and tightens EU feed grain balances, which is supportive for 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.
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.